Key facts
- President Lee Jae Myung called for closer economic cooperation with Japan.
- Lee stressed the need for cooperation on supply chains for advanced industries.
- The meeting was held with a Japanese business delegation led by Yoshinobu Tsutsui, chairman of the Japan Business Federation.
- The 33rd meeting between the Japan Business Federation and the Federation of Korean Industries was held in Seoul.
SEOUL, Oct. 23 (Yonhap) -- President Lee Jae Myung on Friday called for closer economic cooperation between South Korea and Japan, stressing the need for the two countries to work together on supply chains for advanced industries. Lee made the remarks during a meeting with a Japanese business delegation led by Yoshinobu Tsutsui, chairman of the Japan Business Federation, at Cheong Wa Dae. Lee expressed gratitude to business leaders from both countries for their contribution to economic growth through close ties and cooperation. He also hoped for continued expansion of business ties and people-to-people exchanges, mirroring the leaders' shuttle diplomacy. Tsutsui stressed the growing importance of cooperation among like-minded countries amid global economic uncertainty. The meeting was also attended by Ryu Jin, chairman of the Federation of Korean Industries; Keiichi Iwata, chairman of Sumitomo Chemical; and Toshiaki Higashihara, executive chair of Hitachi. The Japanese delegation visited Seoul to attend the 33rd meeting between the Japan Business Federation and its South Korean counterpart, the FKI, an annual gathering established in 1983.