East Asia Summit to censure N. Korea's nuclear program

According to a WEF report Indonesia and Brunei Darussalam have taken the largest strides

"President Moon and President Xi may have discussed ways to improve the countries' overall relations, while the meeting with Premier Li will likely focus on details of ways to do so", an official from the South Korean presidential office Cheong Wa Dae said earlier.

Seoul-Beijing relations have been at their lowest ebb due to China's protest against the deployment of the Terminal High Altitude Area Defense (Thaad) missile defense system in South Korea.

Prior to President Moon's comments, Chinese President Xi Jinping prefaced their meeting with the following statement: "Both China and Korea share common interests at an extensive level in terms of the business and social development of our two countries, in the advancement of our bilateral relationship and in the development of world peace".

After months of Chinese protest and discussions, the countries' foreign ministries issued a joint statement on October 31, saying the countries will put their relationship back on the right track.

"And I hope that we could make joint efforts to further strengthen this trend".

"South Korean President Moon Jae-in is now also here on the third and final leg of his eight-day, three nation Southeast Asia tour".

How to deal with the South China Sea issue was also a point of contention at the ASEAN summit meeting held Monday.

Better relations with China will help the nation withstand potential rough economic conditions next year, South Korean Vice Finance Minister Ko Hyoung-kwon told Bloomberg News in an interview last week.

He also proposed resuming high-level economic dialogue to discuss detailed measures to fix the countries' ties, as well as their trade and economic relations.

"China stands ready to work with relevant parties to speed up negotiations of the China-Japan-South Korea FTA", Li told a regional summit in Manila, Xinhua said.

The leaders of South Korea and China on Saturday (11/11/2017) agreed on the need to manage the security situation on the Korean peninsula in a stable way.

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