{"id":2200323,"date":"2023-03-06T08:00:25","date_gmt":"2023-03-05T23:00:25","guid":{"rendered":"https:\/\/koreapro.org\/?p=2200323"},"modified":"2023-04-05T16:08:03","modified_gmt":"2023-04-05T07:08:03","slug":"south-korea-and-japan-agree-to-create-fund-to-resolve-wartime-forced-labor-issue","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/03\/south-korea-and-japan-agree-to-create-fund-to-resolve-wartime-forced-labor-issue\/","title":{"rendered":"South Korea and Japan agree to create fund to resolve wartime forced labor issue"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and Japan have <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230305000553315?section=national\/diplomacy\"><span style=\"font-weight: 400;\">agreed<\/span><\/a><span style=\"font-weight: 400;\"> to create a joint fund to sponsor scholarships for students as part of a deal to resolve the issue of Korean victims of Japan\u2019s wartime forced labor. The Federation of Korean Industries and the Japan Business Federation will jointly form the fund.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The South Korean foreign ministry is expected to announce the details of the agreement the two countries reached on Monday. The Japanese government has refused to contribute to the fund, insisting that reparations were settled under the 1965 treaty that normalized diplomatic relations between Seoul and Tokyo. The ROK\u2019s Supreme Court <\/span><a href=\"https:\/\/www.nytimes.com\/2018\/11\/29\/world\/asia\/south-korea-wartime-compensation-japan.html\"><span style=\"font-weight: 400;\">ordered<\/span><\/a><span style=\"font-weight: 400;\"> Japan\u2019s Nippon Steel and Mitsubishi Heavy Industries to compensate Korean forced labor victims mobilized during Japan\u2019s occupation of Korea.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">President Yoon Suk-yeol has consistently emphasized improving what he has called a future-oriented relationship with Japan. He <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230301002451315?section=news\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> Japan had transformed from a militaristic aggressor of the past into a partner that shares the ROK\u2019s universal values during an address to mark the 104th anniversary of the 1919 independence movement against Japanese colonial rule last week. After the foreign ministry makes its announcement about the fund, Yoon is reportedly considering visiting Japan later this month to hold a summit with Japanese Prime Minister Fumio Kishida. Meanwhile, Tokyo plans to lift its export <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-24\/japan-may-soon-gain-a-powerful-trade-weapon-against-south-korea\"><span style=\"font-weight: 400;\">restrictions<\/span><\/a><span style=\"font-weight: 400;\"> of key chemicals essential to making semiconductors and displays to South Korea.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The victims and their families have opposed the fund, as they insist that Tokyo should compensate them rather than a South Korea-based foundation. Democratic Party (DP) leader Lee Jae-myung <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230301002500315\"><span style=\"font-weight: 400;\">criticized<\/span><\/a><span style=\"font-weight: 400;\"> the Yoon administration for trying to mend relations with Japan even though Japan has not taken \u201cresponsibility\u201d for its occupation of Korea.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea and Japan have agreed to create a joint fund to sponsor scholarships for students as part of a deal to resolve the issue of Korean victims of Japan\u2019s wartime forced labor. The Federation of Korean Industries and the Japan Business Federation will jointly form the fund. The South Korean foreign ministry is expected [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2200324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[27,28],"class_list":["post-2200323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-domestic-politics","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea and Japan agree to create fund to resolve wartime forced labor issue - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/03\/south-korea-and-japan-agree-to-create-fund-to-resolve-wartime-forced-labor-issue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea and Japan agree to create fund to resolve wartime forced labor issue - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea and Japan have agreed to create a joint fund to sponsor scholarships for students as part of a deal to resolve the issue of Korean victims of Japan\u2019s wartime forced labor. 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