
During Saturday's summit, Moon and Xi also agreed to quickly normalise bilateral exchanges in all sectors, reiterating an agreement announced last month to end a year-long standoff over the deployment of a US anti-missile system.
"The leaders shared the view on the need to stably manage the current security situation on the Korean peninsula in a stable way and agreed to peacefully resolve the North Korean nuclear issue through dialogue". He further proposed "advancements in the Korean won-Chinese yuan direct transaction market formed in the two countries, swift implementation of areas of financial cooperation, and a joint response on fine particle dust", Blue House Senior Secretary to the President for Public Relations Yoon Young-chan stated.
Moon said he feels the Seoul-Beijing relationship is making a new start toward a new era.
He also expressed hopes that more Filipinos will visit Korea when it hosts the PyeongChang Winter Olympic Games in February next year. "Let us both work hard to recover lost time".
According to the two Presidents, their meeting in Vietnam marked the beginning of new Sino-South Korean relations in the wake of China's economic retaliation for THAAD deployment in South Korea.
The two leaders last met in July in Berlin, on the sidelines of the Group of 20, or G-20, summit. Xi reportedly said he would try to visit, and that in case he is unable to attend he will send a high-level delegation instead.
The four-day drills that began in waters off South Korea's eastern coast came as President Donald Trump traded insults with North Korea's leader Kim Jong Un.
This ASEAN Summit, the ASEAN Regional Forum and the ASEAN Defense Ministers' Meeting Plus, among others led- mechanisms. The two leaders met on November 13 at the Sofitel Hotel in downtown Manila, where they are attending the ASEAN+3 Summit and East Asia Summit. "I actively laud President Moon's efforts in this process", he said. He is also scheduled to hold talks with Chinese Premier Li Keqiang for a follow-up on bilateral relations on Monday on the sidelines of the East Asia Summit, and to discuss how to ease the economic retaliations China has taken against Korea.
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