Economic Cooperation
First Pyongyang-Beijing passenger train arrives, resuming service after six years
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The first passenger train from Pyongyang arrived in Beijing on March 13, 2026, confirming the resumption of direct rail service between the North Korean and Chinese capitals after a six-year suspension due to COVID-19. Departing Pyongyang the previous day, the 22-hour journey signals improving bilateral ties amid recent diplomatic efforts.
On January 28, Chinese President Xi Jinping met with Finnish Prime Minister Petteri Orpo at the Great Hall of the People in Beijing. Xi stressed that China and Finland should uphold the UN-centered international system and promote multilateralism and inclusive globalization. The two sides agreed to deepen cooperation in technology, economy, energy, and other fields to address global challenges.
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Peru will soon become the latest member of the Digital Economy Partnership Agreement (DEPA), potentially creating new opportunities for South Korea and other member nations. Seoul's industry ministry announced Tuesday that the sides have successfully reached an agreement on Peru's participation. Signed in 2020 by Chile, New Zealand, and Singapore, DEPA is the world's first stand-alone digital trade agreement.
President Lee Jae Myung unveiled the SHINE initiative for Middle East cooperation at Cairo University. The initiative emphasizes stability, harmony, innovation, network, and education to promote peace, deepen economic partnerships, and expand cultural exchanges. In a summit with Egyptian President Abdel Fattah El-Sisi, the two nations agreed to enhance cooperation on peace and defense.
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South Korean President Lee Jae Myung and Chinese President Xi Jinping held their first summit in Gyeongju during Xi's visit to South Korea after 11 years. The two sides emphasized cooperation for denuclearization and peace on the Korean Peninsula, signing seven memorandums of understanding (MOUs) to expand practical ties. After the talks, they exchanged gifts with lighthearted banter.