Core Viewpoint - The APEC meeting is taking place in Gyeongju, South Korea, highlighting the close economic ties between China and South Korea within the APEC framework [1] Group 1: Economic Relations - China and South Korea are two major economies in APEC, with significant trade interactions [1] - The resilience of China-South Korea trade is rooted in practical complementarity and mutual benefit [1] Group 2: Cultural and Agricultural Exchange - Korean staple foods, such as kimchi, and advanced agricultural technologies like drones, exemplify the interdependence in trade between the two nations [1]

Core Viewpoint - The APEC 32nd informal leaders' meeting will be held in Gyeongju, South Korea, from October 31 to November 1, highlighting the close economic ties between China and South Korea, characterized by practical complementarity and mutual benefits in trade [1] Group 1: Trade Dynamics - In 2024, South Korea produced 530,000 tons of kimchi and imported 310,000 tons, with 99.98% of the imports coming from China [3] - The price of cabbage in South Korea has fluctuated significantly due to extreme weather, with market prices ranging from 7.5 RMB to as high as 130 RMB per cabbage [5] - Chinese kimchi has become a major substitute during price surges in South Korea, accounting for nearly 40% of the total kimchi circulation in the country [7] Group 2: Agricultural Technology - In South Korea, two farmers are using Chinese-manufactured drones for planting and fertilizing, showcasing the modernization of agriculture [9] - Chinese products account for 67% of the agricultural drones receiving government subsidies or loans in South Korea [11] - The sales of agricultural drones from Chinese brands in South Korea have increased more than threefold since 2019, driven by product performance and reliability [14] Group 3: Bilateral Trade Relations - In 2024, the trade volume between China and South Korea reached 2.33 trillion RMB, with China remaining South Korea's largest trading partner and South Korea becoming China's second-largest trading partner [16]

Group 1: APEC Meeting and Trade Relations - The APEC 32nd informal leaders' meeting will be held in Gyeongju, South Korea from October 31 to November 1, highlighting the close economic ties between China and South Korea within the APEC framework [1] - China and South Korea are significant economic entities in APEC, with trade resilience rooted in pragmatic complementarity and mutual benefits [1] Group 2: Kimchi and Agricultural Products - In 2024, South Korea produced 530,000 tons of kimchi and imported 310,000 tons, with 99.98% of the imports coming from China [3] - The price of cabbage in South Korea has fluctuated significantly due to extreme weather, with market prices ranging from 7.5 RMB to as high as 130 RMB per cabbage [5][8] - The crisis in cabbage supply has created opportunities for Chinese kimchi exports, with Shandong Pingdu becoming a key export base and a "green channel" at Rongcheng Shidao Port ensuring quick customs clearance and freshness for kimchi [8] Group 3: Agricultural Technology and Trade - Chinese products account for 67% of the agricultural drones supported by the South Korean government through subsidies or loans [10] - Due to limited arable land in South Korea, Chinese-made drones are being utilized for seeding and fertilization in major agricultural areas [11] - In 2024, the trade volume between China and South Korea reached 2.33 trillion yuan, with China remaining South Korea's largest trading partner and South Korea becoming China's second-largest trading partner [13]