China, South Korea Agree to Shelve Thaad Missile Shield Spat
- Xi, Moon plan to hold summit on sidelines of APEC in Vietnam
- Thaad-related stocks like Lotte Shopping advance in Seoul
Why a U.S. Missile Defense System Is Angering China
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South Korea and China agreed to move beyond a year-long dispute over Seoul’s decision to deploy a U.S. missile shield, boosting stocks and paving the way for closer ties between two of Asia’s biggest economies.
The nations agreed to restore bilateral relations to a “normal development path swiftly,” South Korea’s foreign ministry said in a statement. Chinese President Xi Jinping plans to meet South Korean counterpart Moon Jae-in at the Asia-Pacific Economic Cooperation summit in Vietnam next month, Nam Gwan-pyo, a South Korean national security official, told reporters separately.