News Snapshot:
China and South Korea have signed a memorandum of understanding (MOU) on supply chains and agreed to further strengthen economic cooperation in a ministerial meeting, which experts said benefits steady bilateral relations highlighted in the 30th anniversary of the establishment of diplomatic ties and showed Seoul was keen to maintain mutual trust with Beijing prior to its potential joining of a US-led semiconductor alliance that is believed to target China. The MOU was signed during the 17th South Korea-China Meeting on Economic Cooperation that was held virtually between He Lifeng, head of the National Development and Reform Commission (NDRC), China’s...
