Chinese President Xi Jinping and South Korean President Moon Jae-in met on Saturday on the sidelines of the APEC meeting in Danang, Vietnam, and agreed to normalize bilateral ties that were damaged by a flap over a US antimissile system when they hold a summit in Beijing next month, according to a report in Chosun Ilbo.
“The two leaders praised the Seoul-Beijing agreement of Oct. 31 … and put bilateral exchanges and cooperation on the normal track in all areas,” the Seoul newspaper quoted South Korean presidential spokesman Yoon Young-chan as saying
Xi reportedly called the agreement “a new start and a good beginning.”
Chosun Ilbo also reports that flights between China and South Korea are filling up again now that an unofficial Chinese boycott has ended. China imposed the limited sanctions after Seoul decided to deploy a US Terminal High Altitude Area Defense or THAAD antimissile system against North Korea in July 2016.
Duty-free shops in South Korea also saw a sharp rise in online sales to Chinese customers during China’s Singles Day, the Chinese version of the Black Friday shopping event in the US.
South Korean department store Lotte’s online duty-free sales to Chinese customers in the first 10 days of November jumped 12% from the same period a year earlier, while duty-free shop operator Shilla’s rose 30%.