South Korean President Lee Jae-Myung, in office since June 2025, has already held multiple summits with Chinese President Xi Jinping, including an initial APEC encounter in Gyeongju in late 2025 and a January 2026 state visit to Beijing that produced 15 cooperation agreements on technology, trade, and environmental issues. Trader sentiment on any near-term meeting reflects the steady emphasis both sides place on stabilizing bilateral economic ties—China remains South Korea’s largest trading partner—while coordinating on Korean Peninsula stability and North Korea engagement. Recent months have featured Lee’s parallel diplomacy with the United States and other partners, alongside domestic priorities such as green industrial strategy, without new high-level China announcements. Upcoming multilateral forums or reciprocal visits within the resolution window remain the clearest catalysts that could shift implied probabilities.