China and South Korea are deepening their trade relations. According to the Korea International Trade Association, South Korea traded U.S.$75.6 billion in goods with China in the last quarter of 2015.
The figure surpassed Japan’s U.S.$71.7 billion, making South Korea China’s second largest trade partner in the world. Because of the China-South Korea Free Trade Agreement that went into effect in December, the trade volume between the two countries is expected to continue increasing in the future.
This has been excerpted from a 18 January 2016 news release by the CCTV and is available in its entirety at: http://english.cntv.cn/2016/01/18/VIDERbECbnxTRc05tBeMSQpz160118.shtml