According to Yonhap News,

(SEOUL=Yonhap News) Minister Yoon Sang-jik of the Ministry of Trade, Industry & Energy announced December 1 that the Ministry will do its utmost to encourage Japanese companies to invest more in Korea.

Yoon held a meeting with a Japanese delegation led by Chairman Sakakibara Sadayuki of the Japan Federation of Economic Organizations (Keidanren), who visited Korea to participate in the Korea-Japan financial meeting.

Yoon explained that the Ministry will strive to improve the incentive system for foreign-invested companies and resolve issues related to their corporate activities.

Yoon and the delegation discussed measures to increase industrial and trade cooperation between Korea and Japan. With the 50th anniversary of diplomatic relations between the two countries just a year away, Yoon also asked the Federation of Korean Industries and Keidanren to be proactive in building future-oriented cooperation.

hoonkim@yna.co.kr

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