Press "Enter" to skip to content

South Korea, Japan agree to cooperate on bilateral ties

During the last October, the top court of South Korea had taken decisions against some Japan-based firms. They asked the firms to compensate Koreans for the inflicted forced labor during the Japanese colonization of 1910-45.

The bilateral ties between the two Asian powerhouses have been under some tension since then. Japan referred to the treaty of 1965 and said that the decision of the Korean court directly violates international laws.

In an attempt to appease the situation, the Prime Minister of Japan, Shinzo Abe, and that of South Korea, Lee Nak-Yon held a meeting in Tokyo this Thursday. Both the Prime Ministers agreed to fully cooperate in keeping the bilateral ties between the two nations intact.

During the meeting, Japanese Prime Minister Shinzo Abe asked the Korean nation to keep the promises of the past to improve diplomatic relations. He acknowledged that ties are essential to keep an eye on their Noisy neighbors, North Korea, and also to work together with the United States of America.

Abe indicated that the restoration of a healthy relationship is possible only if South Korea is willing to keep its promises.

In return, the South Korean Prime Minister said that the dialogue from Abe is essential and that the current situation between the nations needs to be improved.

But the situation is not likely to improve soon. Lee also said that that his nation has always respected the treaty of 1956 and will continue to do so. Both countries have two opposing viewpoints on the same topic.

The dispute between the two nations has been building up for some time now. During the start of this year, Japan issued extra export controls on products that are indispensable for the chip-making market of Korea. In return, South Korea expressed its willingness to remove a military intelligence tie with Japan after its expiry in one month.

Kelly Rivera
Kelly Rivera Author
Lead Editor At Global Newspaper 24

Kelly has been one of the most knowledgeable personalities in the Global Newspaper 24’s Business section team. While she has completed MBA in Finance Degree, she has always demonstrated her core knowledge in business management and affection toward the freedom of expression through words by crafting superlative news reports for all the readers of the Global Newspaper 24 platform. At present, Kelly works as the Head of the Business Department and is responsible for checking all the news reports for readability while adhering to the quality standards of Global Newspaper 24. Kelly is a super-active personality that loves to write news reports on various topics such as mergers & acquisitions, latest product launches, and major business events.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *