On June 27, 2010, Chinese President Hu Jintao met with South Korean President Lee Myung-bak in Toronto.

At the meeting, Hu said China-South Korea cooperation has been increasingly strengthened in various areas, including politics, economy and culture, since the bilateral strategic partnership of cooperation was established in 2008. The two countries have also maintained good coordination and cooperation in tackling major international and regional issues, said Hu. China attaches great importance to its relations with South Korea and, from a long-term and strategic perspective, has always regarded the development of the ties as an important part of its foreign relations. China is ready to work with the ROK to push forward bilateral strategic partnership of cooperation.

He stressed that the two countries, as two major economies in East Asia and the world, are well positioned to boost pragmatic cooperation for mutual benefits. The two sides should earnestly implement the joint research report on medium- and long-term development planning in economic and trade cooperation, launch talks on a free trade zone as soon as possible, facilitate economic and trade cooperation and boost cooperation in some key sectors, including high technology, the green economy and recycling economy to foster new economic growth points, he said. With regard to bilateral trade, the two sides should try to reach the 200-billion-U.S.-dollar target by 2012 and the 300-billion-dollar goal by 2015, Hu said, adding cooperation should also be strengthened in the fields of education, science and technology, culture, tourism and youth exchanges. Both sides should continue to carry out joint research between their experts and scholars. Hu voiced China's support for South Korea to host the fifth G20 summit in November and the Yeosu World Expo in 2012.

Lee said he was glad to meet with President Hu Jintao in Toronto and congratulated Hu on the positive outcome at the Shanghai World Expo. South Korea will host the fifth G20 summit in November. The ROK hopes to work with China to ensure the summit a great success. Lee said his country also attaches great importance to the strategic partnership of cooperation with China. He promised that South Korea is willing to enhance the friendly cooperation between the two countries on the basis of the strategic partnership. Lee said his country is optimistic about the future of bilateral trade as the economic and trade relations have developed rapidly between the two countries. South Korea is willing to ink a free trade deal with China as soon as possible in order to promote the strategic partnership of cooperation and economic integration in East Asia, said Lee. The two countries have maintained frequent personnel exchanges, he said, expressing hope that both sides will expand youth exchanges and build up mutual understanding and friendship between both peoples. This year marks the "Visit China Year" in South Korea and the ROK government supports South Korean tourists to travel in China. The ROK thanked for China’s active support of the Yeosu World Expo in 2012 and hoped to take this opportunity to enhance exchanges between the two countries.

On the current situation on the Korean Peninsula, Hu pointed out that China has always paid attention to the situation on the Korean Peninsula and regarded peace and stability of the Korean Peninsula as the priority in dealing with the issues related to the peninsula. China opposes and condemns any act that would undermine stability in the region, he added. All parties concerned should keep calm and restraint in face of the highly complicated and sensitive situation, with a view to the overall situation, said Hu. They should take both current and long-term interests into consideration and carefully weigh up costs and benefits. Settlement of any issues on the Korean Peninsula should be based on the long-term interests of the people on the peninsula, Hu stressed, adding that China is ready to maintain close communication with South Korea.

Lee said his country appreciates China's persistent efforts to push forward the denuclearization of the Korean Peninsula, adding South Korea is willing to maintain communication with China on the issue.

Wang Qishan, Ling Jihua, Wang Huning, Dai Bingguo and other officials attended the meeting.