South Korean President Lee Jae Myung has advocated for enhanced economic cooperation with Japan, focusing on bolstering supply chains for advanced industries amid ongoing global economic uncertainties. This call for collaboration came during a meeting in Seoul with a delegation of Japanese business leaders, including Yoshinobu Tsutsui, chairman of the Japan Business Federation.
During the discussions, President Lee underscored the significant role that business communities in both South Korea and Japan play in promoting economic growth. He emphasized the need for a forward-looking approach to expand bilateral cooperation. Lee also highlighted the importance of strengthening business partnerships, increasing people-to-people exchanges, and fostering diplomatic engagement between the two nations. He suggested that improving public perceptions of each country could unlock further opportunities for economic collaboration.
Yoshinobu Tsutsui echoed Lee’s sentiments, highlighting the necessity for cooperation among like-minded countries to navigate global economic challenges. He affirmed that Japanese and South Korean businesses are committed to continuing their collaborative efforts.
The Japanese delegation was in Seoul to participate in the 33rd annual meeting between the Japan Business Federation and South Korea’s Federation of Korean Industries. This meeting serves as a platform for business leaders from both countries to discuss and explore avenues for strengthening economic ties and cooperation.