FKI Welcomes Restoration of Korea-Japan Shuttle Diplomacy

Korea-Japan Summit Commentary
"Efforts to Develop Bilateral Relations Including Establishment of Korea-Japan Fund"

The Federation of Korean Industries (FKI) welcomed the visit of Japanese Prime Minister Fumio Kishida to Korea and the Korea-Japan summit, stating on the 8th that "we greatly welcome the shuttle diplomacy between the two countries being fully restored for the first time in 12 years."

On the same day, the FKI released a statement saying, "The cooperation on North Korean nuclear response and the trilateral cooperation policy among Korea, the U.S., and Japan, as announced by the two leaders during the summit, will contribute to peace in Northeast Asia and greatly help expand stable economic cooperation between Korea and Japan."

The FKI emphasized the significance of the two leaders agreeing to strengthen cooperation in various fields, including the restoration of mutual whitelist status, semiconductor supply chain establishment, space, quantum technology, and AI. The FKI stated, "Under the rapidly changing global economic environment, this is expected to serve as a foundation for a win-win relationship between the two countries."

The FKI also pledged to make further efforts to expand Korea-Japan cooperation in areas such as the global supply chain crisis, resource weaponization, joint response to energy and climate change, joint advancement into third countries, cultural tourism, and exchanges between future generations.

The FKI said, "Through the establishment of the 'Korea-Japan and Japan-Korea Future Partnership Fund,' agreed upon with the Japan Business Federation (Keidanren) last March, we will do our best to contribute to the development of a future-oriented bilateral relationship by promoting exchanges between future generations and addressing joint issues of both countries."

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