South Korea urged to invest more in Philippines

South Korea urged to invest more in Philippines

In a separate meeting with South Korean President Moon Jae-in, Xi said the situation on the Korean peninsula had reached a "pivotal" stage, Yonhap news agency reported. The meeting came one day after the South Korean leader held a bilateral summit with ASEAN.

The East Asia Summit meeting was scheduled to issue a chairman's statement on Tuesday that condemns North Korea, a nation that continues to develop nuclear weapons and missiles, according to a draft obtained by The Yomiuri Shimbun. He arrived here Sunday following trips to Indonesia and Vietnam.

On Friday, the North said it did not oppose dialogue, but would "never put the issue related to the supreme interests of the DPRK and security of its people on the bargaining table".

"Once we enter the dialogue phase, we may be able to discuss while leaving all possibilities open", he said.

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

The South Korean president, meanwhile, reiterated the need to bring the collective experience of the APT brought about by the 1997 Asian financial crisis to a new level that would further provide protection and care to the lives of citizens within the region.

Moon says he remained neither optimistic nor pessimistic, noting the North has often made such decisions at the last minute.

They also agreed to accelerate ongoing negotiations between South Korea and the Eurasian Economic Union for a free trade agreement.

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"I believe the three Olympic events will be a good chance for the political leaders of Northeast Asian countries to address various issues such as peace, economic bloc and co-prosperity".

Photos from the Chinese Communist Party's official newspaper, People's Daily, show Chinese President Xi Jinping meeting separately with Russian President Vladimir Putin and South Korean Moon Jae-in at the APEC Summit in Da Nang, Vietnam on November 11 and 12.

Moon insisted his summit with Xi, held on the sidelines of the APEC summit in Danang, marked a fresh start in the countries' bilateral relations.

Last week, Seoul and Beijing agreed to move beyond a year-long stand-off over the deployment of a US anti-missile system in South Korea, a dispute that has been devastating to South Korean businesses that rely on Chinese consumers.

The South Korean leader noted the THAAD issue may not have completely gone away, but insisted the countries have clearly left it behind.

The Chinese prime minister said the countries' relations will continue to improve, though it may take time.

The two countries agreed to normalize their ties in a joint statement issued by their foreign ministries on October 31.

"Prime Minister [Li] said the countries will inevitably face sensitive issues as the China-South Korea relations develop, but that the development of practical cooperation between China and South Korea is very bright", Yoon told a press briefing.

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