Tokyo, July 30 (Jiji Press)–An annual meeting of business leaders from Japan and South Korea, originally scheduled for May, has now been set to take place in Seoul on Sept. 24-25, the organizers said Tuesday.
The meeting, organized by the Japan-Korea Economic Association and its counterpart in South Korea, was postponed due to worsening bilateral relations mainly over South Korean Supreme Court rulings ordering Japanese companies to pay compensation to South Koreans for wartime labor.
Fears mounted that the meeting would be canceled this year because Japan’s introduction of export controls on semiconductor materials to South Korea heightened the tensions between the two countries.
However, business leaders from both sides agreed on the importance of continuing exchanges between the business circles.
The two groups will also hold an exchange camp for Japanese and South Korean high school students in Seoul in August as planned.
“We’re confident that the construction of good political and economic relations between Japan and South Korea will work for the development and benefits of both countries,” said the Japanese association, headed by Mitsubishi Corp. <8058> special adviser Mikio Sasaki
At the September meeting, corporate leaders from the two countries will discuss economic cooperation and human resources exchanges.
The meeting has been held annually since 1969, with the two countries alternating as hosts every year. This year’s gathering marks the 51st of its kind.
At last year’s semicentennial meeting in Tokyo in May, Prime Minister Shinzo Abe gave a speech calling for bilateral cooperation to solve common issues such as shrinking populations, energy and the environment.