The 51st Korea-Japan Business Conference has been postponed until September this year at the earliest due to deteriorating relations between the two countries. Previously, the annual conference was scheduled to be held at Lotte Hotel Seoul from May 13 to 15.
“Nowadays, bilateral relations between South Korea and Japan are facing a lot of difficulties, affecting mutual exchange between the two countries,” said the Korea-Japan Economic Association, adding, “We reached an agreement with the Japan-Korea Economic Association to postpone the conference in view of the situation.” It went on to say that both sides will do their utmost so that the conference, which continued for 50 years, can be held in the near future.
The first Korea-Japan Business Conference took place in 1969. The purpose of the conference is to promote economic exchange between the two countries.