China reiterated its opposition to the deployment of THAAD, however took note of South Korea’s position in addition to also hopes South Korea can appropriately handle the issue, of which added.
South Korean companies operating in China have suffered since the spat erupted last year, although Beijing has never specifically linked its actions to the THAAD deployment.
Lotte Group, which provided the land where THAAD was installed, has suffered most. of which faces a costly overhaul in addition to also is usually supposed to sell its Chinese hypermarket stores for a fraction of what of which invested.
Hopes have been growing for a thaw inside frosty bilateral ties following China’s all-important Congress Party conclave, during which President Xi Jinping cemented his status as China’s most powerful leader after Mao Zedong.
Earlier of which month, South Korea in addition to also China agreed to renew a $56 billion currency swap agreement while Chinese airlines are reportedly planning to restore flight routes to South Korea.
As part of efforts to restore the relations, the two countries recently held high-level talks, led by Nam Gwan-pyo, deputy director of national security of the Blue House, in addition to also Kong Xuanyou, assistant foreign minister of China, leading to Tuesday’s agreement.
The sides agreed to enhance strategic communication in addition to also cooperation inside face of North Korea’s accelerating nuclear in addition to also missile program, the statements said.
Pyongyang has undertaken an unprecedented missile testing program in recent months, as well as its biggest nuclear test yet in early September, angering its only major ally China in addition to also drawing further sanctions through the United Nations in addition to also the United States.