Korean and Japanese businesses agree to bid jointly for the Busan fair

DNHN - The Chambers of Commerce and Industry of South Korea and Japan have agreed to work together to realize Seoul's plans to host the World Expo in 2030 and to successfully launch the same event in Osaka in 2025.

The Korea Chamber of Commerce and Industry (KCCI) and the Japan Chamber of Commerce and Industry (JCCI) reached this agreement in a joint statement adopted during their chairman's meeting in Busan. The southeastern port city of South Korea submits a bid for the Expo.

About thirty representatives of the two chambers, including the regional sales directors of the two countries, were present.

In his opening remarks, KCCI President Chey Tae-won stated, "The Busan Expo (bid) can be described as part of an effort to address global challenges, and we wanted to connect it with the upcoming Expo 2025 in Osaka, Japan, as a solution platform."

Six years have passed since the last meeting between the two sales departments. Since 2018, it has been suspended due to deteriorating bilateral relations.

President of the JCCI Ken Kobayashi described the economic relationship between Seoul and Tokyo as "inseparable" and expressed his delight that the relationship was improving.

"I hope that the Osaka Kansai 2025 Expo and the Busan Expo 2030 bid will allow us to revive various exchanges ranging from regional city-to-city exchanges to international exchanges. Meaning, tourism to culture and education while fostering mutual understanding," stated Kobayashi.

In a joint statement, the two chambers agreed that the KCCI will actively participate in the Osaka-Kansai Expo in 2025 and that the JCCI will cooperate actively to attract the Busan World Expo in 2030.

The winner of the competition between South Korea, Italy, Ukraine, and Saudi Arabia to host the World Expo in 2030 will be announced in November.

KCCI and JCCI have agreed to promote cooperation in the area of economic security, including, among other things, rebuilding supply chains, achieving carbon neutrality, and cooperation on artificial intelligence and cybersecurity. other subject. In line with the post-COVID-19 recovery and reopening of borders, they agreed to expand private exchanges in tourism, culture, and education.

Embracing the diplomatic shift, the business community strives to reinvent industry-level exchanges and partnerships.

KCCI and JCCI have agreed to hold the 2024 meeting of their presidents in Osaka.

Vu Quy