South Korean, Japanese finance chiefs to meet in May

South Korean Finance Minister Choo Kyung-ho and his Japanese counterpart, Shunichi Suzuki, are set to meet next month, marking the first meeting between the finance ministers of the two countries in almost seven years. The decision was reached during their attendance at the G20 Finance Ministers and Central Bank Governors' meeting in Washington. Choo emphasized the need to expand cooperative relations with Japan's finance ministry in the economy and finance sectors. The meeting will be held on the sidelines of the 56th Asian Development Bank Annual Meeting in Songdo, Incheon, from May 2-5. This marks a significant step forward in diplomatic relations between the two countries, which had been strained due to historical disputes stemming from Japan's colonial rule of the Korean Peninsula.