The 30-minute call comes as Lee, a liberal from South Korea's Democratic Party, seeks to ease tensions on the Korean Peninsula. North-South relations are at their most strained in decades amid Kim's frequent ballistic missile tests and North Korean troop deployments to support Russia's war against Ukraine.

Washington and Beijing have said the negotiations have led to consensus, though Chinese officials have shared fewer details After two days of closely watched trade talks between the United States and China in London,

A recent public opinion survey shows that Koreans favor neither a strategy of relying on the United States for security and China for economic ties, nor one of aligning fully with the United States in both areas.

Two days of trade talks resulted in what leaders called a framework agreement meant to solidify terms of a truce that the superpowers reached in Geneva last month.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

AUD/USD retraces to near 0.6480 from an over six-month high of 0.6545 as investors lack details of the US-China trade deal. US President Trump says China agrees to supply rare earths and magnets. The US prepares to send letters to its trading partners stating tariff rates and the trade deal.

China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.

High-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy

The US and China ended two days of talks in London with the announcement of a new effort to move past recent flare-ups. Market observers said the agreement was not sizable, but at least relations are no longer moving in the wrong direction.