Seoul/Beijing — South Korea and China have agreed to work swiftly to get their relations back on track following a year-long stand-off over the deployment of a controversial US antimissile system in South Korea. The installation of the US Terminal High Altitude Area Defense (Thaad) system had angered China and spilt over into trade, hurting South Korean business interests in the country. China believed the system’s powerful radar could be used to look inside its territory. South Korea and the US have repeatedly said Thaad only serves to defend against the growing missile threat from North Korea. "Both sides shared the view that the strengthening of exchange and co-operation between Korea and China serves their common interests and agreed to expeditiously bring exchange and cooperation in all areas back on a normal development track," South Korea’s foreign ministry said in a statement on Tuesday. South Korea’s President Moon Jae-in will meet China’s President Xi Jinping on the sideli...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.