Wang Yi meets South Korean FM Cho Hyun in Beijing

The reference to a new trade high and 10 million expected personnel exchanges signals that Beijing is framing the relationship around economic recovery rather than security friction. The emphasis on 'emerging sectors' is the tell: it suggests the cooperation agenda is being deliberately decoupled from the strategic disputes that have weighed on ties. Whether that separation holds — particularly as both sides manage their respective alliances — is the open question worth watching.