South Korean firms flock to Beijing hoping summit will hasten thaw with China
Source: Reuters
#WORLD NEWS DECEMBER 13, 2017 / 5:17 AM / UPDATED 3 HOURS AGO
Joyce Lee, Christine Kim
SEOUL (Reuters) - Hoping a thaw in relations with China will reopen opportunities after a diplomatic spat earlier this year cost many of them business, some 300 South Korean executives joined President Moon Jae-in for the start of his four-day trip to China on Wednesday.
The delegation was the largest to accompany a South Korean leader abroad, and reflected the value the firms placed on mending ties with their country’s biggest trading partner.
Trade and business exchanges between the two countries froze earlier this year after South Korea deployed U.S.-made Terminal High Altitude Area Defense (THAAD) anti-missile system regardless of vehement objections from Beijing.
Among those who traveled were executives from some of the firms hit hardest by the backlash, including Lotte Group and cosmetics and entertainment firms such as Amorepacific and S.M. Entertainment.
Read more: https://www.reuters.com/article/us-southkorea-china-companies/south-korean-firms-flock-to-beijing-hoping-summit-will-hasten-thaw-with-china-idUSKBN1E714V?il=0
