On Wednesday, January 7, 2026, ROK President Lee Jae Myung wrapped up his first state visit to the Chinese mainland since taking office, setting the stage for an even stronger economic partnership. With trade and innovation front and center, both sides reaffirmed their commitment to build on decades of close collaboration. 🚀
A foundation of resilience and interdependence
In 2024, two-way trade between the Republic of Korea and the Chinese mainland hit a record $328.08 billion—a staggering growth of more than 60 times since diplomatic ties began in 1992. For 21 years in a row, the Chinese mainland has been the ROK’s top trading partner, while the ROK remains the mainland’s second-largest partner, highlighting a bond that goes far beyond mere numbers.
Conglomerates leading the charge
Major Korean groups exemplify this tight-knit relationship. Samsung Group saw exports to the mainland surge about 54% year-on-year in 2024, reaching roughly $45 billion and cementing the mainland as its largest market—an edge that helps Samsung stay competitive globally. SK Group is teaming up with Chinese firms in new energy materials and batteries, while Hyundai Motor is driving into the mainland’s new energy vehicle market. LG Group is also on the move, exploring cutting-edge cooperation in display technology and electronics.
These partnerships aren’t just about trade—they’re woven into the supply chains that power everything from smartphones to EVs. As both sides look forward, this week’s visit paves the way for next-level collaboration in new energy, display tech, and beyond. Stay tuned as the ROK and the Chinese mainland chart a future where trade and innovation go hand in hand! ✨
Reference(s):
cgtn.com
