On November 23, 2017, CCCME Vice President met with Director Yeong Gwang of KOTRA. The two sides expressed the hope that they would further strengthen their cooperation and give full play of their resource advantages, so as to create more investment and trade opportunities for electronic and machinery enterprises, and to promote bilateral cooperation in“exploring the third-party markets”. The two sides agreed to sign the Memorandum of Cooperation during South Korean President Moon Jae-in’s state visit to China.