The KDB Future Strategy Research Institute, an affiliate of the state-run Korea Development Bank, recently estimated that China’s Hallyu ban caused damages of up to 22 trillion won ($15.3 billion) to related Korean industries in 2017.“We have consistently urged the Chinese government to lift the ban, and we are observing positive movements from them,” said an official at the Korean embassy in Beijing.“As the Hallyu ban was never an official regulation, rather than announcing a formal removal, China is likely to start approving K-pop concerts and other Korean cultural performances case by case until a full reopening is achieved.” SHIFT FROM ‘WOLF WARRIOR’ DIPLOMACY TO ‘SMILE DIPLOMACY’With the Trump administration intensifying US-China tensions, analysts said Beijing seems to be moving away from its wolf warrior diplomacy to smile diplomacy.
A senior official handling China’s preparation for the Asia-Pacific Economic Cooperation (APEC) summit in the country in 2026 said the Chinese government sees the need to strengthen cooperation with Korea, which is set to host the APEC summit in October this year.“Starting next month, we will send a private-level cultural delegation to South Korea as the first step toward expanding cultural exchanges, aiming to fully resume cultural cooperation as early as May,” the official told The Korea Economic Daily on Wednesday.
China has recently taken similar diplomatic steps with other nations, including Japan and India, by introducing visa-free policies, managing border disputes and lifting restrictions on seafood imports.“As the US-China rivalry escalates, China is making deliberate efforts to strengthen ties with its neighbors,” said Hyun Sang-baek, head of the Korea Institute for International Economic Policy’s Beijing office.
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