Japan, S.Korea business leaders agree to enhance cooperation

Business leaders from Japan and South Korea held talks in Tokyo on Friday and finalized a deal to establish foundations that would tackle issues of common concern, including energy security and decarbonization.

The heads of the Japan Business Federation and the Federation of Korean Industries were at the meeting, along with South Korean President Yoon Suk-yeol and top executives from both countries.

Japan Business Federation Chairman Tokura Masakazu said, "This is an important first step on the path toward building future-oriented relations between Japan and South Korea."

The head of the Korean federation, Kim Byong-joon, said the two business communities will cooperate more across a wide range of fields, including mutual investments.

President Yoon Suk-yeol was at the meeting as a special guest after a summit meeting with Japanese Prime Minister Kishida Fumio. Yoon said there is great scope for Japan and South Korea to support each other in business and create innovative opportunities together.