"Expectations High for Japan's Kishida Inauguration and Korea-Japan Relations Improvement... Export Restrictions Must Be Lifted"

"The export restrictions that do not help the economies of both countries must be lifted quickly"

[Asia Economy Reporter Kim Hyewon] The Federation of Korean Industries (FKI) sent congratulations to Fumio Kishida (岸田文雄), the 100th Prime Minister of Japan inaugurated on the 4th, and urged the improvement of bilateral relations.

In a statement on the same day, the FKI said, "With the launch of Japan's new government, we hope that the governments of both countries will make greater efforts so that Korea-Japan relations can move beyond past difficulties and develop into a more future-oriented cooperative relationship."

The FKI also stated, "Currently, Korea-Japan relations have severely deteriorated due to historical issues and Japan's export restrictions, and recently, the situation has become even more difficult due to reduced exchanges between the two countries caused by COVID-19," adding, "Since Prime Minister-elect Kishida has served as Foreign Minister, there are high expectations for diplomatic efforts to improve Korea-Japan relations."

It continued, "The Korean business community hopes that export restrictions, which are not beneficial to the economies of both countries, will be lifted promptly, and that mutual entry and exit restrictions due to COVID-19 will be eased quickly to expand exchanges between businesspeople of the two countries."

Furthermore, it added, "Going forward, the FKI will continue to work harder with Japanese business circles such as Keidanren to expand economic exchanges between the two countries."

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