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Korea, Japan Finalize Joint Statement to Strengthen Economic Ties

Business leaders wrapped two days of talks by endorsing joint initiatives on advanced technologies plus carbon neutrality measures.

Overview

  • The conference in Seoul convened about 300 South Korean and Japanese leaders to commemorate 60 years of normalized diplomatic relations.
  • Delegates approved a Korea-Japan Partnership Joint Statement outlining cooperation in AI, semiconductors, biotechnology and other cutting-edge industries.
  • South Korean Trade Minister Cheong In-kyo urged coordinated efforts to shield supply chains from risks, expand into Global South markets and accelerate renewable energy adoption.
  • The agreement commits both countries to explore a bilateral free trade pact aimed at expanding commerce and fostering people-to-people exchanges.
  • The Ministry of Trade, Industry and Energy and the Korea-Japan Economic Association co-hosted the event to reinforce cooperation during rising global trade tensions.