China has been South Korea's largest trading partner for 21 consecutive years, and South Korea has returned to being China's second-largest trading partner

At this year's APEC meeting, how to maintain the stability and smoothness of the industrial chain and promote regional cooperation has become the focus of attention from all parties. The deep cooperation between China and South Korea in the industrial chain injects strong momentum into regional sustainable development. The general manager of a certain small and medium-sized enterprise in South Korea stated that nearly all the raw materials needed by the company come from China, and they have cooperated with several Chinese suppliers for over fifteen years. Data shows that in 2024, the bilateral trade volume between China and South Korea will reach USD 328.08 billion, a year-on-year increase of 5.6%. China has been South Korea's largest trading partner for 21 consecutive years, while South Korea has returned to being China's second-largest trading partner. Reports indicate that the two countries have formed a high degree of complementarity in key industrial chain segments such as semiconductors and batteries. Some core raw materials in South Korea still mainly rely on imports from China, while Chinese companies are continuously expanding their cooperation with South Korea in high-end manufacturing and technological innovation