South Korea invited to join in establishing bank

China welcomes South Korea's participation in the establishment of the Asian Infrastructure Investment Bank, President Xi Jinping said in Seoul on Friday.

"Companies in the two countries may engage in discussions in formulating international standards, exploring the international market and joining in the regional integration process," he said at the China-Korea Economic Forum.

Chinese leaders put forward the idea of establishing the regional bank in October to boost funding for infrastructure projects in Asia.