• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, July 20, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Asia

South Korea, Japan To Hold Summit Next Week To Bolster Relations

Maynard Championby Maynard Champion
March 9, 2023
Reading Time: 4 mins read
Add as Preferred on Google
Japan's Prime Minister Fumio Kishida, right, shakes hands with South Korea's President Yoon Suk Yeol during the ASEAN - East Asia Summit in Phnom Penh, Cambodia, on Nov. 13, 2022

Japan's Prime Minister Fumio Kishida, right, shakes hands with South Korea's President Yoon Suk Yeol during the ASEAN - East Asia Summit in Phnom Penh, Cambodia, on Nov. 13, 2022

The leaders of South Korea and Japan are scheduled to meet next week for a summit on strengthening ties.

The announcement came days after South Korea unveiled a step toward resolving soured relations stemming from Tokyo’s colonial rule of the Korean Peninsula.

According to the South Korean and Japanese governments, President Yoon Suk Yeol is to visit Japan on March 16 to March 17, 2023 at the invitation of the Japanese government and will meet with Prime Minister Fumio Kishida.

Yoon’s office disclosed in a statement that the summit will be “an important milestone” in the development of South Korea-Japan relations.

ADVERTISEMENT

The statement added that South Korea hopes the two countries will “overcome an unfortunate past” and expand cooperation on security, the economy and other sectors as a result of the visit.

Fumio Kishida, the Prime Minister of Japan informed reporters, “I hope to make (Yoon’s visit) an opportunity to work toward strengthening our relationship.”

Japanese Chief Cabinet Secretary, Hirokazu Matsuno separately divulged that Tokyo’s invitation to the South Korean leader was the result of close communication between the two countries since Yoon’s inauguration last May.

“South Korea is an important neighbor that Japan should cooperate with in various issues,” Matsuno opined.

On Monday, March 6, 2023, South Korea announced that it would raise local funds to compensate Koreans who won damage awards in lawsuits against two Japanese companies over their forced labor during the 1910-45 colonial period.

ADVERTISEMENT

The South Korean plan does not require the Japanese companies — Nippon Steel and Mitsubishi Heavy Industries — to contribute to the reparations.

Bilateral ties suffered a major setback after South Korea’s Supreme Court in 2018 ordered the two Japanese companies to compensate some of their former Korean employees for forced labor.

The companies and the Japanese government refused to comply with the rulings and insisted that all compensation issues were settled by a 1965 treaty that normalized bilateral relations and was accompanied by hundreds of millions of dollars in economic aid and loans from Tokyo to Seoul.

ADVERTISEMENT
Fumio Kishida
Fumio Kishida

In 2019, Japan imposed export controls on chemicals vital to South Korea’s semiconductor industry. South Korea, then governed by Yoon’s liberal predecessor Moon Jae-in, threatened to terminate a military intelligence-sharing agreement with Tokyo, a major symbol of their security cooperation with Washington.

U.S Hails South Korea’s Reparation Plan

President Joe Biden hailed South Korea’s announcement as “a groundbreaking new chapter” of cooperation between two of the United States’ closest allies.

Kishida reiterated on Thursday that Japan welcomes the South Korean plan. On Monday, he said he stood by Japan’s previous expression of regrets and apologies for its colonial wrongdoing.

Since taking office, Yoon, a conservative has strived for stronger ties with Japan as a way to boost cooperation among Seoul, Tokyo and Washington to better deal with the growing North Korean nuclear threat.

Observers say improved ties with Japan are also necessary amid global supply chain challenges and strategic competition between the U.S. and China.

In September, Yoon and Kishida held the first summit between the two countries in nearly three years on the sidelines of the United Nations General Assembly. They agreed to accelerate efforts to mend their frayed ties.

The South Korean plan to end the disputes over the 2018 rulings elicited fierce opposition from some of the forced labor victims involved in the lawsuits, their supporters, and liberal opposition politicians.

They have called the South Korean step a diplomatic surrender and demanded direct payments and a fresh apology from Japan over the issue.

However, on Tuesday, Yoon defended his government’s step, saying it’s crucial for Seoul to build future-oriented ties with Tokyo.

After months of negotiations with Tokyo over the court rulings, South Korean officials said they had determined there was little chance of Tokyo reversing its position. They said they also considered the advanced age of the surviving victims.

READ ALSO: Freedom Hinged On Unseen Chains

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Fumio KishidaHirokazu MatsunoJapanSouth KoreaYoon Suk Yeol
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Russia Hints of Challenging US Nominee to Head World Bank

Next Post

Mauritania Signs $34 billion Green Hydrogen Deal With German Focus

Related Posts

1001033455 1
Asia

US Strikes Iran For Ninth Consecutive Night

July 20, 2026
A view of the scene following an attack in the Iranian capital, Tehran, on June 13, 2025.
Asia

Iran Reports 50 Deaths from U.S. Strikes This Month

July 18, 2026
Israeli Prime Minister, Benjamin Netanyahu.
Asia

Israel’s Parliament Dissolves Ahead Of October Election

July 17, 2026
000 c2ez2ht
Asia

India Launches First Hydrogen-powered Train

July 17, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

GhiPCON 2026

Ghana International Petroleum Conference 2026 Charts New Course for Downstream Growth

July 20, 2026
Shira

Jennifer Lopez Reprises Shira Role in Ice Age Sequel

July 20, 2026
1001033455 1

US Strikes Iran For Ninth Consecutive Night

July 20, 2026
Richard Kumadoe, Security Consultant and former Intelligence Officer

There’s No Rambo Style in EOCO’s Arrests, Security Expert Tells Critics

July 20, 2026
Executive Chairman of the Energy Chamber Ghana, Mr. Joshua Narh

Expert Urges Competitive Downstream Investment to Maximize Petroleum Gains

July 20, 2026
ADVERTISEMENT
Next Post
Mauritania Signs $34 billion Green Hydrogen Deal With German Focus

Mauritania Signs $34 billion Green Hydrogen Deal With German Focus

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.