Martial Arts, Japan Kansai Economic Association Invitation Meeting... Discussion on Strengthening Korea-Japan Economic Cooperation

Visit of Kansuh Economic Association Business Delegation
Seeking to Revitalize Private Exchanges Between the Two Countries

The Korea International Trade Association (KITA) announced on the 29th that it held a "Dinner Meeting Invited by the Japan Kansai Economic Federation (關西經濟同友會)" at the Grand InterContinental Seoul Parnas Hotel in Samseong-dong to discuss ways to strengthen Korea-Japan economic cooperation.

The Korea International Trade Association signed a Memorandum of Understanding (MOU) with the Kansai Economic Federation of Japan to promote economic exchange between Korea and Japan. (From left in the photo) Keiji Kakumoto, Vice Chairman of Mitsui Sumitomo Bank, Jae-Yeol Koo, Chairman of the Korea International Trade Association, and Yoshiyuki Miyabe, Vice President of Panasonic Holdings, are taking a commemorative photo.

At this meeting, KITA signed a Memorandum of Understanding (MOU) with the Kansai Economic Federation to revitalize economic exchanges between Korea and Japan. They also agreed to jointly identify economic cooperation agendas and expand regular exchanges with businesspeople from the Kansai region of Japan.

Founded in 1946, the Kansai Economic Federation is one of the three major economic organizations in the Kansai region. It has 850 businesspeople from 600 companies as members. Since 2000, it has annually dispatched business delegations to Korea to promote private sector exchanges between the two countries. This year, 26 businesspeople led by Toshiyuki Sugino, CEO of Sanki Holdings Co., Ltd., visited Korea for a 3-day, 2-night schedule.

Present at the event were KITA Chairman Koo Ja-yeol, Vice Chairman Lee Hwi-ryeong of SeAH Steel, Chairman Song Ho-geun of YG One, Chairman Choi Myung-bae of Exicon, CEO Lee Geon-jong of Hyosung Chemical, CEO Lee Seung-hyun of Infac Korea, CJ Chief of Management Support Kang Ho-sung, and other KITA executives, along with Kim Yoon, Chairman of the Korea-Japan Economic Association, former Foreign Minister Yu Myung-hwan, former Ambassador to Japan Shin Gak-su, and about 20 other figures from various fields. On the Japanese side, 26 people attended including delegation leader Toshiyuki Sugino of Sanki Holdings Co., Ltd., Keiji Kakumoto, Vice Chairman of Mitsui Sumitomo Bank and Secretary-General of the Kansai Economic Federation, and Yoshiyuki Miyabe, Vice President of Panasonic Holdings.

In his welcoming remarks, Chairman Koo said, "Over the past year, Korea-Japan relations have rapidly normalized, and we can feel the active human exchanges such as the sharp increase in tourists visiting both countries." He added, "Companies from both countries should contribute to economic development by promoting exchanges and strengthening relations that utilize each other's strengths to create synergy effects." In response, Keiji Kakumoto, Secretary-General of the Kansai Economic Federation, stated, "In the recent complex East Asian situation, the importance of economic and security cooperation is increasing," and added, "Korea and Japan should cooperate to contribute to regional peace and prosperity and the resolution of global issues."

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