Friendly neighborhood vital to China, Japan, ROK

Low-carbon cooperation between China and ROK

As the Republic of Korea has adopted policies to reduce carbon emissions by 40 percent from the 2018 levels by 2030, the governments of the ROK and China should support ROK enterprises to continue to invest in China in order to develop low-carbon industries including the semiconductor and electronics sectors. And Chinese enterprises could consider working with their ROK counterparts to enter third-party markets and strengthen bilateral cooperation through the ROK's free economic zones.

China and the ROK can continue to work together in many fields, since the present ROK government has basically adopted the new-energy policy, except for the nuclear power policy, of the previous administration.

On its part, China should study the ROK's development model and the changes in its energy policy. Also, the two countries should consider developing cooperation zones to encourage Chinese enterprises to invest in the ROK, and work toward expanding cooperation in new energy, new materials, electric vehicles, tourism and cultural sectors.

Moreover, it is important for China's battery-making enterprises to consider investing in the ROK, while battery material firms boost their investment in the ROK to reduce the impact of the US' Inflation Reduction Act, and strengthen bilateral economic relations.

Jin Xu, a professor at Konkuk University in Seoul.