S. Korea, China biz leaders discuss cooperation in emerging sectors, supply chain

SEOUL, Business leaders of South Korea and China gathered in Seoul on Wednesday to discuss bilateral cooperation in areas involving emerging business sectors and global supply chains.

In the fourth South Korea-China business dialogue co-hosted by the Korea Chamber of Commerce and Industry and the Beijing-based China Center for International Economic Exchanges (CCIEE), the two sides discussed ways to cooperate in areas involving digital and green transitions, and intellectual property protection, among others.

The 1.5-track public-private dialogue platform was attended by former Finance Minister Yoo Il-ho, SK Group Chairman Chey Tae-won and Hyundai Motor Group Chairman Euisun Chung.

The Chinese side was represented by CCIEE Executive Vice Chairman Bi Jingquan, Ma Yongsheng, chairman of Chinese petroleum group Sinopec, and Liu Jingzhen, chairman of China National Pharmaceutical Group, among others.

At the meeting, the two sides issued a joint statement outlining the need to cooperate in reducing business uncertainties and make concerted efforts for better economic cooperation.

They agreed to cooperate on promoting follow-up talks to their bilateral free trade agreement and to protect intellectual property. The two sides also agreed to cooperate in areas of the public health sector, supply chains and carbon neutrality to address climate change.

Source: Yonhap News Agency

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