This article explores the dynamics of competition by means of soft power among two key regional states, China and Japan. It demonstrates that, in their embrace of regionalism, each has concentrated soft power on East Asian neighbors by competitively proposing regional visions that would best position it in the regional leadership stakes. China took the initiative, Japan responded quickly, and China is now striking back. This does not necessarily mean that the liberal claim that East Asia is "ripe for cooperation" is misplaced. Nor does it suggest that the realist claim of "ripe for rivalry" better represents the reality. Rather, this article argues that regional powers compete in order to attract neighbors. Since this contest involves embracing others, it is not necessarily a zero-sum game. This article evaluates the success, or lack thereof, of the two countries` efforts in order to learn what they imply for Korea.