Korea's biz lobby group chief calls for stronger economic ties with Japan
The head of Korea's major business lobby group on Monday stressed the need for closer economic cooperation with Japan, saying the two countries share many similarities and can serve as partners in expanding each other's markets. Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI), made the remarks in his opening speech at a meeting with his Japanese counterpart held in…
The head of Korea’s largest business lobby group, Chey Tae-won, has called for stronger economic ties with Japan, highlighting the two nations’ shared characteristics and potential as partners. Chey made these remarks during his opening speech at a meeting with his Japanese counterpart in Sendai, Japan.
Chey emphasized that Korea and Japan possess many similarities, particularly in their industrial structures, markets, and technologies. He noted that the strengths of one country can compensate for the weaknesses of the other. As the leader of South Korea’s SK Group, which includes chipmaker SK hynix Inc., Chey stressed the significance of forming a larger market and industrial ecosystem through cooperation between the two nations.
Chey described this as economic solidarity, urging the implementation of initiatives such as a pilot program enabling people to travel between the two countries.
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