ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

South Korea, China and Japan leaders to meet for first trilateral talks since 2019

Leaders of South Korea, China and Japan will meet on May 27, 2024, in Seoul for their first trilateral talks since 2019. They will also have bilateral talks among themselves.

Leaders of South Korea, China and Japan will meet next week in Seoul for their first trilateral talks in more than four years to discuss how to revive their cooperation, South Korea’s presidential office said Thursday.

Since their inaugural stand-alone trilateral summit in 2008, the three countries were supposed to hold such a meeting among their leaders every year. But the summit has been suspended because of the COVID-19 pandemic and often-complicated ties among the Asian neighbors since the last one in December 2019 in China.

The trilateral meeting among South Korean President Yoon Suk Yeol, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida will take place in Seoul on Monday, Kim Tae-hyo, Seoul’s deputy national security director, told a news conference.

CHINA CRITICIZES SOUTH KOREA, JAPAN FOR LAWMAKERS' VISITS TO TAIWAN

Chinese President Xi Jinping will not be attending.

Li and Kishida were scheduled to arrive in South Korea on Sunday. They were to meet Yoon bilaterally on Sunday afternoon before attending a welcoming dinner banquet with the South Korean president, Kim said.

"This summit will be a turning point for Korea, Japan and China to completely restore and normalize three-way cooperation systems," Kim said.

During the trilateral meeting, Kim said the three leaders were expected to discuss cooperation on six South Korea-proposed topics — personnel exchanges, climate change, trade, health and aging population, technology and disasters. He said these discussions will be included in a joint statement after their summit.

Kim said the three leaders will also discuss unspecified regional and international political issues and how to respond together to a global poly-crisis and contribute to international peace.

Closely linked economically and culturally with one another, the three countries together account for about 25% of the global gross domestic product. But efforts to bolster trilateral cooperation often become snagged because of a mix of issues, including historical disputes stemming from Japan’s wartime aggression and the strategic competition between China and the United States.

South Korea and Japan are both key U.S. military allies, together hosting a total of 80,000 American troops on their territories. North Korea's advancing nuclear program and China's growing assertiveness in the region have forced South Korea and Japan to reinforce their trilateral security partnership with the United States. That has angered China and North Korea.

Ties between South Korea and Japan had fluctuated severely due to issues originating from Japan’s 1910-45 colonization of the Korean Peninsula. But their relations warmed significantly since 2023 as the two countries took a series of major steps to move beyond that history and boost cooperation in the face of shared challenges like North Korea's nuclear ambitions and supply chain vulnerabilities.

South Korea, Japan and the U.S. want China, North Korea’s major ally and biggest source of aid, to use its leverage to convince North Korea to abandon its nuclear program. China doesn't officially support North Korea's nuclear program, but it's suspected of avoiding fully enforcing United Nations sanctions on North Korea and shipping covert assistance to help its impoverished socialist neighbor stay afloat. Experts say China thinks North Korea serving as a bulwark against U.S. influences on the Korean Peninsula will serve its strategic interests.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.