South Korea and Japan Officials Hold Economic Cooperation Meeting

South Korea and Japan held a vice-ministerial meeting on March 8th in Tokyo, discussing methods to increase economic and financial cooperation between the two nations.

South Korea’s Deputy Finance Minister Choi Ji-young met with his Japanese counterpart, Vice Finance Minister Masato Kanda. The two ministers discussed “issues of mutual concern,” such as ways to address the global economic and financial markets. They also discussed how to increase cooperation on the issues together to mutually promote prosperity for both nations.

They also touched on a proposed meeting between the nations’ financial ministers, similar to the June 2023 meeting that focused on bilateral relations, which both nations’ plan to expand as time goes on.

“The two officials agreed to continue both high-level and working-level cooperation and consultations closely and agreed to hold their next meeting in Seoul,” the ministry claimed.

In 2023, South Korea and Japan agreed to revive a $10 billion USD currency swap deal that had expired in 2015.