Japan, South Korea hold first finance leaders' meeting in 7 years

INCHEON - Japan and South Korea held their first bilateral finance leaders’ meeting in seven years on Tuesday, a sign relations between the two are thawing amid shared challenges from geopolitical tensions and slowing economic growth.

Mr Choo said the two countries can strengthen private and government partnerships in high-technology industries such as semiconductors and batteries. In the meeting held on the sidelines of the Asian Development Bank gathering this week, Mr Choo also urged Japan to swiftly restore South Korea back to a “white list” of countries with fast-track trade status.

But ties between the US allies have improved in recent months in the face of North Korea’s frequent missile launches and China’s more muscular role on the global stage.

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