Yeo Han-gu: "We Will Actively Support Korea-Japan Economic Cooperation with an Open Attitude"

Meeting between Seoul Japan Club and Japanese Foreign Investment Companies

Yeo Han-gu, Director General for Trade Negotiations at the Ministry of Trade, Industry and Energy (file photo) [Image source=Yonhap News]

[Sejong=Asia Economy Reporter Joo Sang-don] Yeo Han-gu, Head of the Trade Negotiation Department at the Ministry of Trade, Industry and Energy, stated on the 29th, "Since investment cooperation between Korea and Japan is very important, the government must actively support the creation of a stable investment environment and the formation of international trade norms, and our government will actively support this."

On this day, Head Yeo made these remarks during opening comments at a meeting with the Seoul Japan Club (SJC) and Japanese-invested foreign companies.

This meeting was held for the first time in two years since the meeting in December 2019. It was arranged to strengthen cooperation with Japanese-invested foreign companies that have continuously contributed to revitalizing the domestic economy through sustained investment in Korea despite difficult conditions such as COVID-19.

Head Yeo emphasized, "Korea and Japan must actively cooperate to jointly respond to changes in the global trade order, such as stabilizing Asia-Pacific supply chains, competition for technological supremacy, and digitalization," adding, "Korea plans to create an open and transparent investment environment that complies with national treatment and most-favored-nation treatment for foreign-invested companies regardless of nationality, in accordance with the purposes of the World Trade Organization (WTO) agreements."

In response, Moriyama Tomoyuki, Director of the Seoul Japan Club, expressed hope that economic cooperation between the two countries will be further strengthened through government regulatory and institutional improvements.

This content was produced with the assistance of AI translation services.