The triumph of realpolitik will be capped by a first ever one-on-one summit between South Korean President Park Geun-Hye and Japanese Prime Minister Shinzo after an extended diplomatic freeze.
The trilateral gathering resumes what was originally an annual process until tensions between Northeast Asia's three largest economies in 2012 triggered a lengthy hiatus.
"China hopes the meeting will be an opportunity for the three countries to review the past and find a way out of their difficulties," Chinese Foreign Ministry spokesperson Hua Chunying said last week.
Also high on the agenda will be how to deal with North Korea whose nuclear weapons ambitions pose a worry - and threat - to all three countries, including China, which is the North's main diplomatic protector and economic benefactor.
Lurking in the background will be growing military tensions in the South China Sea between China and the United States, which is the chief military ally of both South Korea and Japan.
Observers say Li's comparatively technocratic style should make it easier to keep the focus on economic cooperation and away from the sensitive issues that have dogged relations for decades.
Relations between Seoul and Tokyo have never been easy - clouded by sensitive historical disputes related to Japan's 1910-45 colonial rule over the Korean peninsula, especially the issue of Korean women forcibly recruited to work in Japanese wartime military brothels.
Park, who took office in early 2013, had until now repeatedly refused to meet Abe, saying Japan had yet to properly atone for its past actions.
"There's a lot of baggage, but all three countries acknowledge it's time to set that down for a while," said Kim Soung-Chul, an international policy expert at the Sejong Institute think-tank in Seoul.
"There are just too many common issues that need comprehensive discussion, and they are all under pressure at home and abroad to get this dialogue going again," Kim said.
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