Japan, South Korea finance ministers to meet in June

Japanese Finance Minister Shunichi Suzuki and his South Korean counterpart Choo Kyung-ho will meet on June 29 in Tokyo for a next round of bilateral talks.

The two countries’ financial leaders held their first talk in seven years almost two months ago.

Japan’s top financial diplomat Masato Kanda and South Korea’s Deputy Minister for International Affairs Kim Seong-wook met in Seoul on Thursday through Friday and agreed on the schedule, both ministries said on Friday.

The tentative meeting agenda includes discussion on the global and regional economies, cooperation in G20 and follow-up of G7’s dialogue with partner countries, infrastructure investments in third countries, bilateral and regional financial cooperation, and other possible cooperation on areas such as taxes and customs, according to the ministries.

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It will follow the ministers’ bilateral talk that took place in early May on the sidelines of the Asian Development Bank meeting held in Incheon, South Korea, during which they agreed to resume their regular dialogue.

Icy relations between the Asian neighbours are slowly thawing as they seek to counter increasing security threats from North Korea and an ascendant China.