The Fort Worth Press - South Korean President Yoon hails key 'step forward' in Japan ties

USD -
AED 3.6725
AFN 66.150161
ALL 82.071137
AMD 381.637168
ANG 1.790403
AOA 916.999841
ARS 1438.0848
AUD 1.507602
AWG 1.8025
AZN 1.700027
BAM 1.664227
BBD 2.01353
BDT 122.174949
BGN 1.664497
BHD 0.376994
BIF 2953.186891
BMD 1
BND 1.288882
BOB 6.933288
BRL 5.416197
BSD 0.999745
BTN 90.68295
BWP 13.20371
BYN 2.923673
BYR 19600
BZD 2.010636
CAD 1.377095
CDF 2250.000071
CHF 0.796475
CLF 0.023307
CLP 914.330263
CNY 7.047249
CNH 7.03909
COP 3818
CRC 500.085092
CUC 1
CUP 26.5
CVE 93.826583
CZK 20.710328
DJF 178.029272
DKK 6.357303
DOP 63.504084
DZD 129.667978
EGP 47.479098
ERN 15
ETB 155.599813
EUR 0.85106
FJD 2.30425
FKP 0.747395
GBP 0.74845
GEL 2.695005
GGP 0.747395
GHS 11.496767
GIP 0.747395
GMD 73.489445
GNF 8693.802358
GTQ 7.658271
GYD 209.155888
HKD 7.778445
HNL 26.33339
HRK 6.411798
HTG 130.989912
HUF 327.520084
IDR 16692.4
ILS 3.223905
IMP 0.747395
INR 91.065497
IQD 1309.654993
IRR 42109.999377
ISK 126.129855
JEP 0.747395
JMD 159.76855
JOD 0.709005
JPY 154.8385
KES 128.999845
KGS 87.449585
KHR 4000.153165
KMF 420.000162
KPW 900.00025
KRW 1475.835005
KWD 0.3068
KYD 0.833138
KZT 515.642085
LAK 21663.54663
LBP 89542.083418
LKR 309.121852
LRD 176.477597
LSL 16.773656
LTL 2.95274
LVL 0.60489
LYD 5.419503
MAD 9.176481
MDL 16.875425
MGA 4456.262764
MKD 52.367359
MMK 2099.766038
MNT 3546.841984
MOP 8.014159
MRU 39.76855
MUR 45.920186
MVR 15.401624
MWK 1733.577263
MXN 17.994595
MYR 4.085499
MZN 63.867524
NAD 16.773727
NGN 1452.269746
NIO 36.793581
NOK 10.16124
NPR 145.07403
NZD 1.730415
OMR 0.384499
PAB 0.999745
PEN 3.36659
PGK 4.24862
PHP 58.854504
PKR 280.175459
PLN 3.592145
PYG 6714.60177
QAR 3.643635
RON 4.333901
RSD 99.896966
RUB 79.495596
RWF 1455.582029
SAR 3.752186
SBD 8.160045
SCR 14.147568
SDG 601.503834
SEK 9.298202
SGD 1.29132
SHP 0.750259
SLE 24.050502
SLL 20969.503664
SOS 570.371001
SRD 38.610295
STD 20697.981008
STN 20.847427
SVC 8.747484
SYP 11058.470992
SZL 16.776719
THB 31.525498
TJS 9.193736
TMT 3.5
TND 2.923758
TOP 2.40776
TRY 42.710885
TTD 6.785228
TWD 31.491971
TZS 2484.999756
UAH 42.257233
UGX 3561.095984
UYU 39.181311
UZS 12095.014019
VES 267.439751
VND 26332.5
VUV 121.461818
WST 2.779313
XAF 558.16627
XAG 0.015904
XAU 0.000233
XCD 2.70255
XCG 1.801744
XDR 0.69418
XOF 558.16627
XPF 101.481031
YER 238.44951
ZAR 16.82069
ZMK 9001.207153
ZMW 23.168822
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0000

    23.3

    0%

  • JRI

    -0.0065

    13.56

    -0.05%

  • AZN

    1.7300

    91.56

    +1.89%

  • NGG

    1.1000

    76.03

    +1.45%

  • BCC

    -1.1800

    75.33

    -1.57%

  • RIO

    0.1600

    75.82

    +0.21%

  • CMSD

    0.1150

    23.365

    +0.49%

  • BCE

    0.2161

    23.61

    +0.92%

  • GSK

    0.4300

    49.24

    +0.87%

  • BTI

    0.6400

    57.74

    +1.11%

  • RBGPF

    0.4300

    81.6

    +0.53%

  • RELX

    0.7000

    41.08

    +1.7%

  • RYCEF

    0.3100

    14.95

    +2.07%

  • VOD

    0.1100

    12.7

    +0.87%

  • BP

    -0.0100

    35.25

    -0.03%

South Korean President Yoon hails key 'step forward' in Japan ties
South Korean President Yoon hails key 'step forward' in Japan ties / Photo: © POOL/AFP/File

South Korean President Yoon hails key 'step forward' in Japan ties

South Korea's President Yoon Suk Yeol on Wednesday hailed growing cooperation with Japan on issues from North Korea to semiconductors, saying it was part of a historic "new chapter" for the two countries.

Text size:

Yoon will travel to Tokyo on Thursday, his first visit since taking office last year, which follows his controversial move to try and finally settle a bitter historic dispute over Japanese World War II-era forced labour.

Yoon said he was confident his new plan to compensate victims would work, telling media including AFP in a written interview that "the Japanese government will join us in opening a new chapter of Korea-Japan relations".

Yoon's plan, unveiled this month, involves compensating Korean victims without Tokyo's direct involvement, which has enraged some victims who say this falls far short of their demand for a full apology and direct compensation from the Japanese companies involved.

"Japan has expressed deep remorse and heartfelt apology in regard to its past colonial rule through the position of its previous governments," Yoon said.

Around 780,000 Koreans were conscripted into forced labour by Japan during its colonial rule of the peninsula from 1905 to 1945, according to data from Seoul.

That number does not include Korean women forced into sexual slavery by Japanese troops.

Yoon is eager to lay the historic dispute to rest as he seeks closer ties with Tokyo -- a key regional ally of Seoul's security partner Washington -- in the face of growing threats from North Korea.

- 'Polycrisis' -

Pyongyang last year declared itself an "irreversible nuclear state", with leader Kim Jong Un at the start of 2023 calling for an "exponential" increase in weapons production -- including tactical nukes.

South Korea will "never acknowledge North Korea as a nuclear state under any circumstances," Yoon said in the interview on Wednesday.

He pointed to reports of people starving to death in North Korea -- which has been under a strict self-imposed blockade since the start of the Covid pandemic in 2020.

"The North Korean regime could easily resolve its food shortages if it injected the money it spends on nuclear and missile development into improving its people's livelihoods," Yoon said.

Both South Korea and Japan are ramping up defence spending and joint military exercises, which Yoon said were essential for regional and global stability.

"There is an increasing need for Korea and Japan to cooperate in this time of a polycrisis with North Korean nuclear and missile threats escalating," Yoon said.

"We cannot afford to waste time while leaving strained Korea-Japan relations unattended. I believe we must end the vicious cycle of mutual hostility and work together to seek our two countries' common interests."

- Trade curbs -

But his moves to draw closer to Japan have been criticised as "insulting" to victims of forced labour by South Korean activists, and run contrary to some court rulings.

A landmark 2018 decision and other subsequent South Korean verdicts ordered companies including Mitsubishi Heavy Industries to pay compensation to Korean victims -- a move that sent ties with Japan to their lowest in years.

Following the ruling, Japan in 2019 imposed export controls on key industrial materials needed by South Korea's chip industry and removed the country from its "preferred trading nations" list. Seoul filed a complaint to the World Trade Organization.

But both now appear to be moving to unwind tit-for-tat trade restrictions.

South Korea said this month it would halt its WTO complaint over Japanese export curbs.

"Both Korea and Japan are key nations in such global supply chains as semiconductor production," Yoon said.

"Stronger economic cooperation between Korea and Japan will likely contribute greatly to boosting global supply chains."

T.Mason--TFWP