China and South Korea renew service sector talks, opening up a ‘win-win for both economies’

Renewed talks between China and South Korea to further open their service sectors could represent a “win-win situation for both economies”, analysts said.

The discussions over the second phase of a free-trade agreement that went into effect in December 2015 began in 2018, with nine working-level discussions taking place, although progress stalled, prompting a meeting between chief negotiators on July 13.