Economists from South Korea and Japan gathered in Seoul to discuss ways to strengthen cooperation to mark the 60th anniversary of the normalization of diplomatic relations between the two countries.

The Ministry of Trade, Industry and Energy, the Korea-Japan Economic Association, the Japan-Korea Economic Association, and the Japan-Korea Industrial Technology Cooperation Foundation jointly held the '57th Korea-Japan Business Conference' on the 27th. During the two-day conference, business leaders from both countries will discuss sustainable growth and development through cooperation.

At this meeting, business leaders from both countries will discuss the theme '60th anniversary of the normalization of diplomatic relations between Korea and Japan, wider and deeper Korea-Japan cooperation,' including ▲ fostering trust and development ▲ expanding economic linkages (carbon neutrality, AI, semiconductors, bio, supply chain) ▲ utilizing free trade agreements ▲ enhancing human exchanges.

Jeong In-kyu, Deputy Minister of the Ministry of Trade, Industry and Energy, proposed during the opening ceremony, 'To open a new 60 years, let us work together to lay the groundwork for cooperation between business leaders and governments of both countries.' Jeong noted that in the face of increasing uncertainty in the global trade environment, 'let us expand collaboration in the field of trade through close communication between the governments of both countries,' and said, 'We will support the expansion of cooperation in various areas, such as stabilizing supply chains, transitioning to decarbonization and new energy, and joint ventures in third countries.'

The Korea-Japan Business Conference began in 1969, with the aim of discussing economic cooperation between the two countries following the normalization of diplomatic relations in 1965. It has been evaluated as a contributing factor to economic cooperation between South Korea and Japan.

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