South Korea, Japan and China to hold first trilateral summit since 2019

China, Japan and South Korea are set to hold their first summit in about five years with top officials gathering in Seoul next week for talks to improve ties among the economically powerful neighbours.

Chinese Premier Li Qiang, Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk-yeol will attend the summit on Sunday and Monday, an official for Yoon’s office said on Thursday, according to Yonhap News.

The trilateral summits have been on hold since 2019 due to the pandemic and with China feeling pressure as Japan and South Korea moved closer to Washington in recent years. The US and its two key allies in Asia have raised their security cooperation to some of the highest levels in decades, largely on concerns about North Korea’s behaviour and China becoming more assertive militarily.

The meeting will also take place under the shadow of an intensifying US-China rivalry for semiconductor supremacy.

Washington has imposed a wall of restrictions to deny Beijing access to the latest semiconductors, and the Biden administration is seeking to enlist its partners to adopt export controls on sophisticated equipment needed to make the most advanced chips.

The summit highlights the difficult balancing act faced by South Korea and Japan, which both list China as their biggest trading partner. Both also have a security alliance with the US, which stations tens of thousands of troops in the two countries.