Business chambers of Korea, Japan agree to cooperate on expo bid

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Business chambers of Korea, Japan agree to cooperate on expo bid

Chey Tae-won, center, chair of the Korea Chamber of Commerce and Industry, poses for a photo with KCCI officials and a delegation from the Japan Chamber of Commerce and Industry after a meeting on economic cooperation at the chamber's headquarters in Seoul on April 10. [KOREA CHAMBER OF COMMERCE]

Chey Tae-won, center, chair of the Korea Chamber of Commerce and Industry, poses for a photo with KCCI officials and a delegation from the Japan Chamber of Commerce and Industry after a meeting on economic cooperation at the chamber's headquarters in Seoul on April 10. [KOREA CHAMBER OF COMMERCE]

Business chambers of Korea and Japan agreed Friday to work together to realize Busan's bid to host the 2030 World Expo and a successful opening of the same event in Osaka in 2025.
 
The agreement was reached between the Korea Chamber of Commerce and Industry (KCCI) and the Japan Chamber of Commerce and Industry (JCCI) in a joint statement adopted during their chairs' meeting in Busan, the KCCI said.
 
Friday's meeting marked the first such gathering between the two business chambers in six years. It had been suspended since 2018 amid deteriorating bilateral relations over a dispute stemming from Japan's 1910-1945 colonial rule of the Korean Peninsula.
 
Bilateral ties have warmed after Korea proposed compensating the Korean victims of Japan's wartime forced labor without contributions from accused Japanese companies in March.
 
"[The KCCI] will actively participate in the Osaka-Kansai Expo in 2025, and the [JCCI] will actively cooperate to attract the Busan World Expo in 2030," the statement read.
 
Korea is competing against Italy, Ukraine and Saudi Arabia to host the World Expo in 2030, with the winner to be announced in November.
 
In the joint statement, the organizations agreed to promote cooperation in economic security, including rebuilding the supply chains, achieving carbon neutrality and cooperating on artificial intelligence, cybersecurity and others.
 
They agreed to bolster exchanges in tourism, culture and education in line with the post-pandemic recovery and border reopening
 
KCCI Chair Chey Tae-won and JCCI Chair Ken Kobayashi attended Friday's meeting, accompanied by the heads of the regional business chambers of the two countries.
 
The KCCI and JCCI agreed to host the next chairs' meeting in Osaka in 2024.

Yonhap
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