On October 27, a delegation from Yancheng paid an inspection visit to the Republic of Korea. That afternoon, the first matchmaking event, the China-ROK (Yancheng) Industrial Park Economic and Trade Cooperation & Investment Promotion, took place in Seoul. Yan Hanping, Secretary of the Municipal Party Committee; Dai Bing, Chinese Ambassador to the Republic of Korea; and Bae Jun-hyoung, Director General of MOTIR’s Bureau of International Trade Relations, attended the event and delivered addresses.

Yancheng and the Republic of Korea are separated only by a narrow stretch of water. Their friendly exchanges date back a long way. Booming economic and trade ties have kept pace with the times, and all-round cooperation has steadily deepened and yielded fruitful results. Yancheng is now among the cities with the closest industrial cooperation with the ROK and the best return on investment for ROK-funded enterprises.

Yan Hanping extended a welcome to all guests. Drawing on historical anecdotes, he reviewed the substantial achievements of close industrial coordination, mutually reinforcing platforms and close people-to-people bonds between Yancheng and the ROK. He looked forward to working together with new and old friends to strengthen practical cooperation in new energy industries, zero-carbon park development and wetland conservation, so as to share new opportunities for green growth.

Bae Jun-hyoung noted that amid a volatile global trade landscape, bilateral trade between China and the ROK exceeded USD 330 billion last year and is poised to hit a new high this year. Jiangsu is an important economic and trade partner of the ROK, and Yancheng serves as a core platform for bilateral cooperation. The Trade Cooperation Bureau will leverage its strengths, build on the existing Yancheng-ROK cooperation foundation, and tap cooperation potential in sectors such as future mobility and green smart manufacturing. It will support more ROK enterprises to invest and start businesses in Yancheng, opening a new chapter in bilateral economic and trade cooperation.