The Chiang Mai Initiative is a currency swap agreement among the finance ministries and central banks of ASEAN members states, Japan, China, and South Korea that aims to provide financial support for short-term liquidity problems.
Moon, who sent a special envoy to the Association of Southeast Asian Nations (ASEAN) after his inauguration this year, promised to strengthen relations with the bloc "to the highest level".
"As a result of our long friendship and cooperation despite many difficulties under the (1997 Asian financial) crisis, ASEAN, South Korea, Japan and China have come to account for 30 percent of the global economy".
Moon was also set for a bilateral meeting with Singapore's prime minister, Lee Hsien Loong.
The South Korean leader earlier proposed forming a regional community to ensure peace and co-prosperity.
Saif Ali Khan Gifts Son Taimur A Expensive Car On Children's Day!
Saif is also working on Nikhil Advani's rags to riches drama Baazaar and the Netflix original series Sacred Games . Ever since the birth of Taimur Ali Khan, both Kareena Kapoor Khan and Saif Ali Khan have been overjoyed.
"I wish we will quickly put the China-Korea relations on the normal track through the joint efforts of the two countries", he said through his interpreter, according to Blue House pool reports.
"Prime Minister [Li] said the countries will inevitably face sensitive issues as the China-South Korea relations develop, but that the development of practical cooperation between China and South Korea is very bright", Yoon told a press briefing.
Turning to North Korean issues, Moon asked the ASEAN countries and the two Northeast Asian nations to help peacefully end the nuclear standoff, stressing the need to maintain maximum pressure and sanctions against the North.
The two leaders agreed to further enhance bilateral cooperation in trade, investment, defense, and infrastructure and development projects.
Moon said he hoped to see increased cooperation between the two countries in the "fourth industrial revolution", highlighting they are both striving for industrial innovation as a way of creating new growth engines, Cheong Wa Dae said in a press release.
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The agreement will see EgyptAir buy at least 12 of the CS300 passenger jets, with options to buy a further 12. EgyptAir chairman and CEO Safwat Musallam said the planes will help the airline to modernize its fleet.
The leaders were widely expected to urge stepped up efforts by their chief negotiators to reach a deal in the near future, according to Cheong Wa Dae officials.
November 13, 2017 (EIRNS)-Following a bilateral meeting today on the sidelines of the ASEAN forum in Manila with the Chinese Prime Minister Li Keqiang, South Korea's President Moon Jae-in, expressing hope their talks will further speed up the normalization of their ties, said "I believe we have created a chance to quickly normalize the countries' relationship through my talks with President Xi Jinping". "But we need to raise the pressure ... so that North Korea finds it necessary to come back to the negotiating table", he said.
Moon's comments followed similar ones from South Korea's foreign minister over the weekend.
"We hope that South Korea will properly match its words with actions", Chinese Foreign Ministry spokeswoman Hua Chunying said at a regular press conference on October 31, noting that South Korea had agreed not to make further deployments of the missile shield.
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Since 2008, Ronaldo and Messi have shared the prestigious individual honour between them, with the Real Madrid star claiming four and the Barcelona legend five awards.