South Korean President Lee Jae Myung has advocated for bolstered economic ties with Japan, underscoring the critical need to fortify supply chains for advanced industries amidst prevailing global economic uncertainties. This call to action was made during a meeting in Seoul with a delegation from the Japan Business Federation, headed by its chairman Yoshinobu Tsutsui.
President Lee emphasized the significant role that the business sectors in both South Korea and Japan have played in fostering economic growth. He urged for an expansion of bilateral cooperation through a progressive approach that includes strengthening business partnerships, enhancing people-to-people exchanges, and deepening diplomatic engagements. Lee highlighted that fostering positive public sentiment towards each other could unlock further avenues for economic collaboration between the two nations.
In response, Tsutsui stressed the importance of collaboration among like-minded countries to tackle global economic challenges. He affirmed that businesses in Japan and South Korea are committed to continuing their cooperative efforts.
The Japanese delegation’s visit to Seoul was part of the 33rd annual meeting between the Japan Business Federation and South Korea’s Federation of Korean Industries. This meeting serves as a vital platform for business leaders from both countries to explore economic connections and potential areas for cooperation.