The Korea Enterprises Federation (KEF), a business lobby representing employers, held the third Korea-China Employer Meeting in Shanghai on Thursday, discussing ways to strengthen bilateral economic cooperation with Chinese business leaders.
A total of 19 Korean companies, including Samsung Electronics, Hyundai Motor Group, SK Group, LG Chem and Korean Air, joined the meeting, while 29 Chinese entities participated, including Bank of China, China Reform Holdings, Bank of Communications and CATL.
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At this point every major economy is trying to reduce dependence on China while simultaneously making sure they can’t actually function without China.