(SEJONG=NEWSIS) The Korea Agency for Saemangeum Development & Investment (KASDI) announced on August 5 the establishment of the Korea-China Economic Cooperation Promotion Committee to promote the construction of the Saemangeum Korea-China Economic Cooperation Complex and produce tangible results early on.

The establishment of the complex, first discussed at the Korea-China Economic Ministers’ Meeting on December 30, 2013, became an issue on the national agenda when the two leaders of Korea and China expressed their interest in the complex at the Korea-China Summit this year.

Both parties agreed to continue discussions for the construction of the complex and carry out relevant research.

The Korea-China Economic Cooperation Promotion Committee aims to strategically create projects for the agenda and develop better discussions.

The committee will not only prepare measures to establish the complex but also solidify cooperation between Chinese government agencies, enhance business values to attract potential investors and review ways to improve the incentive system.

"Thanks to the committee, we can now systematically promote the establishment of the complex and cooperate closely with China,” said a KASDI official.

ssjun@newsis.com