Amid growing global economic uncertainty, South Korean President Lee Jae Myung has advocated for enhanced economic cooperation with Japan, stressing the critical need to fortify supply chains in advanced industries. During a meeting in Seoul with a Japanese business delegation led by Yoshinobu Tsutsui, chairman of the Japan Business Federation, Lee underlined the significant role business communities in both countries play in driving economic growth and urged for a forward-looking approach to expand bilateral cooperation.
President Lee emphasized the importance of bolstering business partnerships, fostering people-to-people exchanges, and engaging in diplomatic efforts to improve relations between South Korea and Japan. He suggested that a positive public sentiment towards each nation could open up more avenues for economic collaboration.
Yoshinobu Tsutsui echoed Lee’s sentiments, highlighting the necessity for cooperation among like-minded countries to tackle global economic challenges. He affirmed that Japanese and South Korean businesses are committed to continuing their collaborative efforts.
The meeting took place as part of the 33rd annual gathering between the Japan Business Federation and South Korea’s Federation of Korean Industries, held in Seoul. This annual event serves as a platform for business leaders from both nations to explore economic ties and potential opportunities for cooperation.