South Korea and Japan to drop trade dispute as security concerns trump history

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Japan and South Korea agreed to drop an almost four-year-old trade dispute on high-tech materials, an emphatic sign they aim to rebuild a relationship strained by history and work together against deepening security threats. | Reuters

The urgency of regional security and the threat posed by North Korea were underscored in the hours before Yoon’s arrival, when the North fired a long-range ballistic missile that landed in the sea between the Korean peninsula and Japan.

The attempt for closer ties brought a rebuke from China, whose foreign ministry said it opposed the attempt by certain countries to form exclusive circles.Still, Japan remains cautious about immediate improvements in relations, with a Japanese government official who requested anonymity saying that “Japan and South Korea relations are looking up, but it’s still a step-by-step process”.

Relations between the two countries, which have been strained over the wartime labour issue as well as disputed islands, and Korean girls and women forced to work in Japanese wartime brothels, made headway last week when Seoul announced a plan for its companies to compensate former forced labourers. The victims who filed the lawsuit reject that plan.

Park Hong-keun, floor leader of South Korea’s main opposition Democratic Party, said Yoon’s visit should not stop at “his trip down memory lane” and asked Yoon to earn a true apology and resolution from Japan on forced labour issues during his trip.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Reuters 🙏🏻

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

North Korea launches missile ahead of South Korea-Japan summitNorth Korea fired a ballistic missile into the sea between the Korean peninsula and Japan, South Korea&39;s military said on Thursday, just hours before South Korean President Yoon Suk Yeol was due to fly to Tokyo for a rare summit.
Source: gmanews - 🏆 11. / 68 Read more »

North Korea launches missile ahead of South Korea-Japan summitNorth Korea fired a ballistic missile into the sea between the Korean peninsula and Japan, South Korea’s military said, just hours before South Korean President Yoon Suk Yeol was due to fly to Tokyo for a rare summit. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »

South Korea’s Yoon says Japan deal could help supply chains for chips |South Korea’s president sees a deal to end a feud with Japan opening the way to better business ties between the neighbors that could bolster global supply chains of semiconductors and steady their economic relations with China. “If Korea and Japan—both global trade powerhouses and manufacturing industry leaders—work together on…
Source: BusinessMirror - 🏆 19. / 59 Read more »

Japan, South Korea summit must overcome history to renew ties |TOKYO—South Korean and Japanese leaders will meet in Tokyo this week, hoping to resume regular visits after a gap of over a decade and overcome resentments that date back more than 100 years. The two major Asian economies and US allies have long hoped to cooperate on shared security concerns…
Source: BusinessMirror - 🏆 19. / 59 Read more »

South Korea president heads to Japan for 'new chapter' ​TOKYO, Japan- South Korean President Yoon Suk Yeol arrives in Japan on Thursday looking to open a 'new chapter' in relations as security challenges from Pyongyang and Beijing rattle the region.
Source: manilabulletin - 🏆 25. / 51 Read more »

Japan, South Korea to mend ties at summit amid regional threatTOKYO: South Korean and Japanese leaders will meet later Thursday in Tokyo in a bid to overcome disputes over history and quickly rebuild security and economic ties later, as a North Korean missile launch and encounters between Japanese and Chinese vessels in disputed waters show what's at stake for the two countries.
Source: TheManilaTimes - 🏆 2. / 92 Read more »