Japan, S. Korea business leaders vow to expand cooperation
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TOKYO (Kyodo) — Japanese and South Korean small business leaders agreed Monday to extend economic cooperation as the two sides welcomed signals of the advancement of soured bilateral ties after President Yoon Suk Yeol took place of work earlier this month.

They expressed hope that the two governments will boost dialogue even with wartime background-connected troubles among the neighboring countries, in accordance to a joint statement issued right after an on the web meeting.

“In a complicated ecosystem, cooperation and coordination by both international locations will be the electrical power to defeat the disaster,” the statement explained, referring to the Russian invasion of Ukraine and global sanctions on Moscow in reaction.

Tokyo-Seoul relations severely deteriorated below Yoon’s predecessor Moon Jae In over “comfort and ease girls” who labored at Japan’s military brothels against their will and Korean laborers who have been mobilized to perform at mines and factories, stemming from Japan’s 1910-1945 colonial rule of the Korean Peninsula.

The two nations have also been at odds in excess of Japan’s constraints on semiconductor material exports to South Korea in July 2019, a go observed as retaliation for the Moon administration’s handling of the historical past-relevant challenges.

Immediately after adopting the joint statement, Mikio Sasaki, main of the Japan-Korea Financial Affiliation, stated, “Financial, staff, and cultural exchanges are particularly significant during a hard time.”

South Korean counterpart Kim Yoon reported, “We ended up equipped to come across a significant hope,” immediately after agreeing on cooperation to deal with troubles shared involving the two neighbors, this kind of as reduced birth fees and aging populations, as properly as surroundings concerns.

A full of around 280 business enterprise executives from the two international locations took component in the meeting, nearly linking venues in Tokyo and Seoul.

The assembly has been executed on a yearly basis given that 1969, with the subsequent year’s session scheduled to be held in South Korea.
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