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South Korea-Japan business leaders call to upgrade ties

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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