South Korean and Japanese Entrepreneurs Meet in Three Years

The 29th South Korea-Japan Business Council meeting took place in Seoul on July 4, for the first time in three years. The meeting was attended by Federation of Korean Industries Chairman Huh Chang-soo, Lotte Group chairman Shin Dong-bin, Samsung Electronics president Lee In-yong, Hyundai Motor Company president Kong Young-woon, LG Electronics president Jo Ju-wan, SK Materials president Lee Yong-wook, Sumitomo Chemical chairman Masakazu Tokura, Mitsui CEO Tatsuo Yasunaga, Hitachi CEO Toshiaki Higashihara, etc.

“The South Korean and Japanese economies need to further strengthen their partnership, which can lead to better bilateral relations,” said the chairman of the Federation of Korean Industries. “More private-sector communication such as this meeting is essential for better diplomatic relations between Japan and South Korea and, in this context, the visa waiver program between the two needs to be resumed,” the Sumitomo Chemical chairman said.

At the meeting, the entrepreneurs discussed Japan’s support for South Korea’s CPTPP membership, a business summit for economic cooperation of the United States, South Korea and Japan, mutual export regulation abolishment, mutual currency swap resumption, etc.

After the meeting, the Japanese entrepreneurs visited the presidential office in Yongsan and had a meeting with President Yoon Suk-yeol.