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Analysts say the meeting in Singapore serves as a chance for the two nations to establish open lines of communication that can help to reduce tensions in Asia
The law saw its biggest tweaks in more than a decade, and only its second revision since its introduction in 1988.
An estimated 248,000 South Koreans in their 20s are jobless as of March this year, according to the country’s national statistical office.
The concurrent annual meetings of the country's legislature and top political advisory body are to be held from next Monday (Mar 4). Key economic targets announced will reflect the government's confidence levels as external and domestic challenges bite.
Belt and road infrastructure deals have taken a back seat as countries struggle with debt and their priorities shift, analysts say.