South Korea and China to Boost Trade Relations in Rare Earths

South Korea and China have agreed to continue discussions on the trade of rare earth elements. The decision was made during a meeting between South Korea's Industry Minister Kim Jung-kwan and China's Commerce Minister Wang Wentao in Beijing, focusing on strengthening bilateral economic cooperation.

In a significant move towards strengthening economic ties, South Korea's Industry Minister Kim Jung-kwan and China's Commerce Minister Wang Wentao have agreed to continue discussions on the trade of rare earth elements. The agreement was announced by the South Korean industry ministry on Friday.

During a meeting held in Beijing, the two ministers discussed various aspects of bilateral cooperation particularly focusing on the economy and trade. This meeting marks another step in the collaborative efforts between South Korea and China to enhance their trade relations.

The rare earth trade is viewed as a crucial aspect of the economic collaboration, given its importance in various high-tech industries. Both nations are keen on ensuring a stable supply chain and exploring new avenues for cooperation in this sector.