Noting the brand recognition of South Korean products and consumer trust in them remain strong, experts advised South Korean companies to join hands with Chinese firms to enter the Chinese market or third countries.

Based on their opinions, the ministry said, it will ramp up efforts to attract Chinese investors and find new models for investment cooperation.

The meeting comes amid a nosedive in China's investment in Asia's fourth-largest economy. Chinese investment in South Korea has tumbled 60.5 percent on-year this year, compared with a 65.1 percent jump in investment from Japan and an 11 percent gain in US investment.

In early November, Seoul and Beijing agreed to put bilateral ties back on track, setting aside their bitter row over the installation of a US missile defense battery in southeastern South Korea.

Claiming the missile shield threatens its security, China banned the sale of group tours to Seoul in retaliation, dealing a harsh blow to local duty-free shops and the tourism sector. (Yonhap)