Berliner Boersenzeitung - South Korean President Yoon hails key 'step forward' in Japan ties

EUR -
AED 4.273878
AFN 76.929127
ALL 96.379094
AMD 444.029361
ANG 2.083179
AOA 1067.160055
ARS 1669.416082
AUD 1.756076
AWG 2.097662
AZN 1.986139
BAM 1.953746
BBD 2.344036
BDT 142.270436
BGN 1.958507
BHD 0.438716
BIF 3450.523461
BMD 1.163752
BND 1.50922
BOB 8.07055
BRL 6.312773
BSD 1.163777
BTN 104.758321
BWP 15.48279
BYN 3.365776
BYR 22809.531139
BZD 2.340649
CAD 1.611051
CDF 2597.493612
CHF 0.938927
CLF 0.027431
CLP 1076.097443
CNY 8.227841
CNH 8.228277
COP 4460.75294
CRC 568.302563
CUC 1.163752
CUP 30.839417
CVE 110.149204
CZK 24.289713
DJF 206.821409
DKK 7.468003
DOP 74.611563
DZD 151.371482
EGP 55.249686
ERN 17.456274
ETB 180.916386
FJD 2.627056
FKP 0.872848
GBP 0.873489
GEL 3.136351
GGP 0.872848
GHS 13.296079
GIP 0.872848
GMD 84.953493
GNF 10116.36502
GTQ 8.914628
GYD 243.485079
HKD 9.053639
HNL 30.651777
HRK 7.535521
HTG 152.379808
HUF 384.442972
IDR 19425.807019
ILS 3.75211
IMP 0.872848
INR 104.919534
IQD 1524.597244
IRR 49008.486669
ISK 148.925001
JEP 0.872848
JMD 186.573861
JOD 0.825134
JPY 181.251401
KES 150.415155
KGS 101.769713
KHR 4659.122046
KMF 491.102923
KPW 1047.376277
KRW 1709.271735
KWD 0.357353
KYD 0.969885
KZT 594.694818
LAK 25239.574959
LBP 104218.886105
LKR 359.122467
LRD 205.414937
LSL 19.761725
LTL 3.436256
LVL 0.703942
LYD 6.324351
MAD 10.750998
MDL 19.732341
MGA 5189.566687
MKD 61.575268
MMK 2443.912111
MNT 4128.961065
MOP 9.326695
MRU 46.412208
MUR 53.672132
MVR 17.921437
MWK 2018.087126
MXN 21.224848
MYR 4.786529
MZN 74.375488
NAD 19.761725
NGN 1687.975205
NIO 42.82498
NOK 11.782974
NPR 167.613514
NZD 2.013983
OMR 0.447466
PAB 1.163782
PEN 3.914685
PGK 4.938808
PHP 68.915001
PKR 328.919419
PLN 4.236737
PYG 8003.58611
QAR 4.24204
RON 5.089434
RSD 117.39691
RUB 89.085229
RWF 1693.319872
SAR 4.367546
SBD 9.578365
SCR 17.319792
SDG 699.993726
SEK 10.936484
SGD 1.509985
SHP 0.873115
SLE 27.577665
SLL 24403.286774
SOS 663.904912
SRD 44.989471
STD 24087.308281
STN 24.474271
SVC 10.183295
SYP 12867.404641
SZL 19.756231
THB 37.121382
TJS 10.677875
TMT 4.084768
TND 3.418506
TOP 2.802035
TRY 49.542303
TTD 7.884745
TWD 36.286352
TZS 2851.191739
UAH 49.062922
UGX 4117.671236
USD 1.163752
UYU 45.462207
UZS 13954.330301
VES 296.235219
VND 30676.491878
VUV 141.795077
WST 3.245249
XAF 655.270952
XAG 0.020049
XAU 0.000278
XCD 3.145097
XCG 2.097495
XDR 0.81481
XOF 655.26814
XPF 119.331742
YER 277.612714
ZAR 19.80193
ZMK 10475.154659
ZMW 26.912823
ZWL 374.727537
  • RBGPF

    0.8500

    79.2

    +1.07%

  • JRI

    -0.0700

    13.72

    -0.51%

  • BCC

    -1.2400

    71.81

    -1.73%

  • CMSC

    -0.2100

    23.22

    -0.9%

  • RELX

    -0.8400

    39.48

    -2.13%

  • RIO

    -0.0400

    73.02

    -0.05%

  • BTI

    0.4000

    57.41

    +0.7%

  • GSK

    0.0600

    48.47

    +0.12%

  • NGG

    -0.0800

    75.33

    -0.11%

  • SCS

    -0.0200

    16.12

    -0.12%

  • BCE

    -0.2100

    23.34

    -0.9%

  • RYCEF

    0.3100

    14.8

    +2.09%

  • CMSD

    -0.0800

    23.17

    -0.35%

  • VOD

    0.0300

    12.5

    +0.24%

  • AZN

    1.1000

    91.28

    +1.21%

  • BP

    -0.0500

    35.78

    -0.14%

South Korean President Yoon hails key 'step forward' in Japan ties
South Korean President Yoon hails key 'step forward' in Japan ties / Photo: JUNG YEON-JE - POOL/AFP/File

South Korean President Yoon hails key 'step forward' in Japan ties

South Korea's President Yoon Suk Yeol on Wednesday hailed growing cooperation with Japan on issues from North Korea to semiconductors, saying it was part of a historic "new chapter" for the two countries.

Text size:

Yoon will travel to Tokyo on Thursday, his first visit since taking office last year, which follows his controversial move to try and finally settle a bitter historic dispute over Japanese World War II-era forced labour.

Yoon said he was confident his new plan to compensate victims would work, telling media including AFP in a written interview that "the Japanese government will join us in opening a new chapter of Korea-Japan relations".

Yoon's plan, unveiled this month, involves compensating Korean victims without Tokyo's direct involvement, which has enraged some victims who say this falls far short of their demand for a full apology and direct compensation from the Japanese companies involved.

"Japan has expressed deep remorse and heartfelt apology in regard to its past colonial rule through the position of its previous governments," Yoon said.

Around 780,000 Koreans were conscripted into forced labour by Japan during its colonial rule of the peninsula from 1905 to 1945, according to data from Seoul.

That number does not include Korean women forced into sexual slavery by Japanese troops.

Yoon is eager to lay the historic dispute to rest as he seeks closer ties with Tokyo -- a key regional ally of Seoul's security partner Washington -- in the face of growing threats from North Korea.

- 'Polycrisis' -

Pyongyang last year declared itself an "irreversible nuclear state", with leader Kim Jong Un at the start of 2023 calling for an "exponential" increase in weapons production -- including tactical nukes.

South Korea will "never acknowledge North Korea as a nuclear state under any circumstances," Yoon said in the interview on Wednesday.

He pointed to reports of people starving to death in North Korea -- which has been under a strict self-imposed blockade since the start of the Covid pandemic in 2020.

"The North Korean regime could easily resolve its food shortages if it injected the money it spends on nuclear and missile development into improving its people's livelihoods," Yoon said.

Both South Korea and Japan are ramping up defence spending and joint military exercises, which Yoon said were essential for regional and global stability.

"There is an increasing need for Korea and Japan to cooperate in this time of a polycrisis with North Korean nuclear and missile threats escalating," Yoon said.

"We cannot afford to waste time while leaving strained Korea-Japan relations unattended. I believe we must end the vicious cycle of mutual hostility and work together to seek our two countries' common interests."

- Trade curbs -

But his moves to draw closer to Japan have been criticised as "insulting" to victims of forced labour by South Korean activists, and run contrary to some court rulings.

A landmark 2018 decision and other subsequent South Korean verdicts ordered companies including Mitsubishi Heavy Industries to pay compensation to Korean victims -- a move that sent ties with Japan to their lowest in years.

Following the ruling, Japan in 2019 imposed export controls on key industrial materials needed by South Korea's chip industry and removed the country from its "preferred trading nations" list. Seoul filed a complaint to the World Trade Organization.

But both now appear to be moving to unwind tit-for-tat trade restrictions.

South Korea said this month it would halt its WTO complaint over Japanese export curbs.

"Both Korea and Japan are key nations in such global supply chains as semiconductor production," Yoon said.

"Stronger economic cooperation between Korea and Japan will likely contribute greatly to boosting global supply chains."

(O.Joost--BBZ)