Overview
- APEC leaders adopted the Gyeongju Declaration along with outcome documents on AI governance and demographic adaptation.
- President Lee Jae Myung formally transferred the APEC chairmanship to President Xi Jinping, with China set to host the 2026 summit in Shenzhen.
- Xi promoted the creation of a World Artificial Intelligence Cooperation Organization to set global AI rules and deepen collaboration, according to state media reports.
- Xi and President Donald Trump agreed to a one-year partial rollback of tariffs and technology controls, providing temporary easing of tensions.
- Lee advanced South Korea’s ‘AI-Based Society for All’ initiative and planned to raise denuclearisation with Xi after Pyongyang dismissed the goal as a “pipe dream.”