BEIJING (Yonhap News) -- South Korea and China agreed to forge closer cooperation in television and radio broadcasting, including the joint development of technology related to ultra-high definition TVs, Seoul's top media regulator said Friday.

The agreement was reached after a meeting in Beijing earlier in the day between Lee Kyeong-jae, chairman of the Korea Communications Commission, and Cai Fuchao, head of China's State Administration of Radio, Film and Television, Lee said.

The memorandum of understanding calls for the two nations to increase cooperation in developing technologies for ultra-high definition TVs and encouraging their broadcasters to jointly produce TV and radio programs, Lee said.

"Overall, we aim to increase exchanges with China in a mutually beneficial manner," Lee said.

During the meeting with Cai, the two sides also discussed about the issue of bilaterally easing media regulations as the two nations have been in negotiations aimed at clinching a free trade agreement.