South korea to boost economic cooperation with china amid thaad concerns

South Korea is planning to boost economic cooperation with China amid concerns over the deployment of the Terminal High Altitude Area Defense (THAAD) missile defense system in South Korea.

According to reports, South Korea's government is considering increasing trade and investment with China, as well as strengthening cultural and people-to-people exchanges. This move is seen as an effort to reduce tensions with China, which has been critical of the THAAD deployment.

China has been opposed to the THAAD deployment, citing concerns over its radar capabilities and the potential impact on regional security. In response, China has imposed economic sanctions on South Korea, including a ban on group tours and restrictions on imports.

South Korea's government has been trying to find ways to ease tensions with China, and economic cooperation is seen as a key area for improvement. The country is also considering increasing investment in China's Belt and Road Initiative (BRI), a massive infrastructure project aimed at connecting China with other parts of Asia and Europe.

In addition, South Korea is planning to increase cultural exchanges with China, including the promotion of Korean culture and tourism in China. The country is also considering increasing the number of direct flights between the two countries.

The move to boost economic cooperation with China comes as South Korea's economy is facing challenges, including a slowdown in growth and a decline in exports. The country is also facing pressure from the US to increase its defense spending and to take a stronger stance against North Korea.

Overall, the move to boost economic cooperation with China is seen as a key part of South Korea's efforts to reduce tensions with China and to promote economic growth.