Deputy Prime Minister Aki Aki (left) and Japan’s Finance Minister Shunichi Suzuki (provided by Ministry of Strategy and Finance) shake hands at the G7 Finance Ministers and Central Bank Governors Meeting in Niigata on 12 of May. (Yonhap News) Ban≫
(Sejong Yonhap News) The South Korean Ministry of Strategy and Finance announced on the 27th that Choo Kyung-ho will attend the ministerial-level financial dialogue on economic and financial areas that South Korea and Japan will hold at the Ministry of Finance in Tokyo. on the afternoon of the 29th. The Deputy Prime Minister and Minister of Economy announced that he will visit Japan on the 29th. In the financial dialogue, the two sides plan to discuss issues related to international finance, joint entry into infrastructure projects in third countries, cooperation in regional financial safety nets such as the Chiang Mai Initiative (CMIM), and financial and fiscal cooperation measures between countries. two countries. Also expected to be on the agenda is the resumption of the foreign exchange swap agreement between South Korea and Japan, which ended in February 2015. The South Korea-Japan financial dialogue will take place for the first time in about seven years since August 2016. In 2017, a statue of a “Peace Girl” was installed in front of the Japanese Consulate General in Busan, South Korea, symbolizing comfort women victims of the former Japanese military. Although the relations of the two countries had been suspended due to the cooling of relations between the two countries due to the strengthening of ties between the two countries, the improvement of bilateral relations progressed with the South Korea-Japan summit meeting in March this year, which led to the resumption. Meanwhile, Mr. Qiu will hold an investor roundtable with executives from major Japanese banks and asset management companies at a hotel in Tokyo on the 30th. The plan is to present Korea’s economic situation and the direction of politics, and discuss financial cooperation measures between Korea and Japan.