The Federation of Korean Industries (FKI) and the Japan Business Federation, or Keidanren, have called on leaders of South Korea and Japan to hold a summit to address pending bilateral issues and help restore economic ties as soon as possible. The call by business leaders of the two countries was made during the Korea-Japan Business Council annual meeting in Seoul that was resumed after a nearly three-year break caused by the COVID-19 pandemic. FKI Chief Huh Chang-soo said there is a need to upgrade the joint declaration, which emphasises cooperation in all fields, to fit the present circumstances. Huh was referring to a 1998 joint statement between then South Korean President Kim Dae-jung and then Japanese Prime Minister Keizo Obuchi. Maskazu Tokura, chief of Keidanren, also expressed hope for high-level diplomatic meetings to take place between the two sides.
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