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TOKYO (Kyodo) — Japanese and South Korean organization leaders agreed Monday to increase economic cooperation as the two sides welcomed symptoms of the enhancement of soured bilateral ties right after President Yoon Suk Yeol took office environment before this month.

They expressed hope that the two governments will promote dialogue in spite of wartime record-linked concerns amongst the neighboring nations around the world, according to a joint statement issued soon after an on the internet conference.

“In a tricky surroundings, cooperation and coordination by both equally nations will be the ability to conquer the crisis,” the statement mentioned, referring to the Russian invasion of Ukraine and international sanctions on Moscow in reaction.

Tokyo-Seoul relations severely deteriorated less than Yoon’s predecessor Moon Jae In around “comfort and ease ladies” who worked at Japan’s military services brothels in opposition to their will and Korean laborers who had been mobilized to work at mines and factories, stemming from Japan’s 1910-1945 colonial rule of the Korean Peninsula.

The two nations have also been at odds in excess of Japan’s limitations on semiconductor content exports to South Korea in July 2019, a go noticed as retaliation for the Moon administration’s dealing with of the heritage-similar troubles.

Following adopting the joint statement, Mikio Sasaki, chief of the Japan-Korea Financial Association, stated, “Financial, staff, and cultural exchanges are especially important all through a tough time.”

South Korean counterpart Kim Yoon said, “We were able to locate a large hope,” soon after agreeing on cooperation to deal with concerns shared concerning the two neighbors, these types of as very low beginning prices and growing old populations, as nicely as setting challenges.

A total of around 280 enterprise executives from the two countries took component in the conference, just about linking venues in Tokyo and Seoul.

The meeting has been carried out every year considering that 1969, with the subsequent year’s session scheduled to be held in South Korea.
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