South Korean and Japanese entrepreneurs meet after three years

The 29th meeting of the South Korea-Japan Business Council was held 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 economies of South Korea and Japan should further strengthen their partnership, which can lead to better bilateral relations,” said the chairman of the Federation of Korea Industry. “More private sector communication like this meeting is essential for better diplomatic relations between Japan and South Korea, and in this context, the visa waiver program between the two should be resumed,” said Sumitomo Chemical’s chairman.

At the meeting, the entrepreneurs discussed Japan’s support for South Korea’s membership in the CPTPP, the US-South Korea-Japan Economic Cooperation Business Summit, the elimination of mutual export regulation, the resumption of mutual currency swaps, and more.

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