Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Japanese and South Korean firms want to forget the past

President Yoon Suk Yeol Photo Credit: Jin Kyoung.Chang President Yoon Suk Yeol Photo Credit: Jin Kyoung.Chang
President Yoon Suk Yeol Photo Credit: Jin Kyoung.Chang President Yoon Suk Yeol Photo Credit: Jin Kyoung.Chang

Listen to the article now

On Friday, Japanese and South Korean business executives promised to work more closely on electronics and technology to end years of acrimony over wartime history that has enraged South Koreans.

President Yoon Suk Yeol visited Tokyo for the first time in 12 years and met with businesspeople from both nations. On Thursday, Yoon and Japanese Prime Minister Fumio Kishida ate “omurice”—omelets over rice—and agreed to repair relations.

The U.S. wants to unify against China’s increasing strength and North Korea’s missile program, but the friction between the two neighbors and U.S. allies is growing.

Washington has improved economic diplomacy with both nations to counter China’s expanding technical might, particularly on semiconductors, where South Korea and Japan are key participants.

At Friday’s meeting, Yoon said Japan and South Korea had “a lot of opportunity for collaboration” in semiconductors, batteries, and electric cars.

“Both administrations would do everything to promote chances to communicate and conduct business,” he added.

The business lobby organizations of both nations agreed to fund a 200 million yen ($1.5 million) “future-oriented” foundation that corporations may contribute to. The organisations say the money is for rare resource research, supply chain issues, and youth exchanges.

Given the opposition in South Korea, where many feel Tokyo has not fully atoned for its 1910-1945 colonization of the Korean peninsula, including wartime forced labor, those attempts may fail.

The newly established foundation looked to allow Japanese corporations to sponsor programs that may help South Korea without forcing them or Tokyo to backtrack on the 1965 treaty’s reparations settlement.

Lee Jae-Myung, head of the main opposition Democratic Party, claimed Yoon “gave off our country’s pride, the victims’ human rights, and the justice of history, all of that, in exchange for a bowl of omurice.”


Comment Template

You May Also Like

Business

Cricut Unveils New Crafting Machines: Faster, Cheaper, and More Accurate On February 27, 2025, Cricut, the beloved brand known for its innovative crafting machines,...

Business

**Excerpt:** Apple has unveiled a suite of new child safety features aimed at giving parents greater control over their kids’ app usage. Announced on...

Business

**Excerpt from "The Evolution of Legacy Media: Why It’s Not Dead Yet"** In a world dominated by digital platforms and instant news, Evan Leatherwood,...

Business

**Excerpt:** On February 27, 2025, newly confirmed FBI Director Kash Patel unveiled a groundbreaking proposal: a partnership between the FBI and the Ultimate Fighting...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok