China and South Korea to hold 'emergency summit' amid rising North Korea threat

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SOUTH Korea claim they will hold summit talks with China about improving their countries’ strained relationship. South Korea and China have agreed to work to get relations back on track following a year-long standoff after the US installed an anti-missile system in South Korea. The US Terminal High Altitude Area Defence (THAAD) system angered China, which believed the radar could be used to spy on its territory. South Korea’s foreign ministry in a statement said: "Both sides shared the view that the strengthening of exchange and cooperation 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.” President Moon Jae-in will hold a summit meeting with China's President Xi Jinping on the sidelines of an upcoming summit of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam between November 10-11, a Blue House official said in a separate briefing on Tuesday. ript async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"> China’s foreign ministry said in a coordinated statement that the two countries have agreed to get their relations back on a normal track “at an early date”. South Korea made it clear that the deployment of THAAD was not aimed at any third country and did no harm to China’s security interests, China’s foreign ministry said. China repeated its opposition to the defence system but takes note of South Korea’s position, it added. The statement added: “South Korea-China relations are very important and in accordance with spirits of joint documents, decided to develop their strategic cooperation partnership.” China retaliated economically over the defence system. It suspended sales of package tours and hindered the operations of South Korean companies operating in China. The Lotte Group, which provided land for THAAD, suspended operations in most of its 99 supermarkets for alleged violations of fire-safety rules. The Lotte Group faces a costly overhaul and is expected to sell its Chinese hypermarket stores for a fraction of what it invested.

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