Chinese Premier Li Qiang said on Sunday that economic and trade cooperation is the ballast stone for relations between China and South Korea.

The industrial and supply chains of China and South Korea are deeply intertwined, forming a community of interests, Li said during a meeting with Lee Jae-yong, chairman of Samsung Group, on the sidelines of the ninth Trilateral Summit Meeting among China, Japan and South Korea in Seoul.

Samsung's cooperation with China is a vivid epitome of mutual benefit, win-win cooperation and development between China and South Korea, Li told Lee.

The Chinese premier called on enterprises of China and South Korea to tap deeper into their cooperation potential in new areas such as high-end manufacturing, digital economy, artificial intelligence, green development and biomedicine, so as to continuously upgrade bilateral economic and trade cooperation and achieve greater win-win cooperation.

Noting that foreign enterprises are an indispensable force for China's development, Li said China's mega-market will always be open to foreign companies.

He said China welcomes South Korean companies including Samsung to continue to expand investment and cooperation in China and share more new opportunities brought about by China's new development.

For his part, Lee said Samsung will continue its development in China, and make its own contribution to the mutually beneficial cooperation between South Korea and China.

(With input from Xinhua)