Top economic officials of South Korea and China will sit down for talks this week to discuss ways to boost economic cooperation among other issues.   

Seoul's Finance Ministry announced on Monday that Finance Minister Kim Dong-yeon and China’s National Development and Reform Commission Chairman He Lifeng will hold minister-level talks in Beijing on Friday. 

The meeting is the first of its kind to be held in a year and nine months. The talks had not been held due to Seoul and Beijing’s differences over South Korea’s deployment of the THAAD antimissile system. 

The two officials are set to focus discussions on the South Korean government’s “New Southern Policy” and “New Northern Policy,” as well as about cooperation projects for their countries' joint entrance into third countries. They will also share views on ways cooperate in the areas of industries and investment. 

South Korea and China have held a total of 14 rounds of their economic chiefs’ talks. The talks were upgraded to minister-level discussions in December 1999 after having been of vice minister-level since the establishment of diplomatic ties in August 1992.