• Tue. Mar 28th, 2023

Japan, South Korea enterprise leaders search for reset after wartime labour pressure


Mar 17, 2023

TOKYO, March 17 (Reuters) – Prime enterprise leaders from Japan and South Korea met in Tokyo on Friday, pledging better financial cooperation as they search to pivot away from years of pressure and acrimony over compensation for compelled wartime labour.

The pinnacle of Japan’s Keidanren enterprise foyer met with members of its South Korean counterpart, the Federation of Korean Industries, as effectively South Korean President Yoon Suk Yeol on Friday morning.

Yoon is in Japan for the primary go to by a South Korean president in 12 years. On Thursday Yoon and Japanese Prime Minister Fumio Kishida promised to show the web page on years of animosity over their nations’ troublesome, share historical past.

The dearth of cooperation between the 2 nations has lengthy undercut U.S.-led efforts to current a united entrance in opposition to China and North Korea.

Indicators of a breakthrough got here final week when Seoul introduced a plan for its corporations to compensate former compelled labourers.

The 2 enterprise lobbies have agreed to launch foundations aimed toward “future-oriented” bilateral relations.

Reporting by Satoshi Sugiyama and Kiyoshi Takenaka; Modifying by David Dolan, Muralikumar Anantharaman and Gerry Doyle

Our Requirements: The Thomson Reuters Belief Rules.

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