Bridging the gap
The Korean business representatives met with Japanese political leaders to discuss economic cooperation between Korea and Japan, including the possibility of reinstating the currency swap, which ended in February 2015.
Korea and Japan first signed a currency swap deal in July 2001 valued at $2 billion. It expanded to $30 billion in 2008 and $70 billion in 2011.
The FKI and Japan’s Liberal Democratic Party have also agreed to hold a business meeting in Seoul in October.