{"id":2200974,"date":"2023-05-11T08:00:14","date_gmt":"2023-05-10T23:00:14","guid":{"rendered":"https:\/\/koreapro.org\/?p=2200974"},"modified":"2023-05-10T16:43:02","modified_gmt":"2023-05-10T07:43:02","slug":"south-korea-and-japan-form-committee-for-labor-resolution-fund","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/05\/south-korea-and-japan-form-committee-for-labor-resolution-fund\/","title":{"rendered":"South Korea and Japan form committee for labor resolution fund"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Local media <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230510005651320?section=national\/diplomacy\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> that the Federation of Korean Industries (FKI) and the Japan Business Federation (Keidanren) are launching a joint steering committee to manage a \u201cpartnership fund\u201d aimed at fostering improved relations between South Korea and Japan. This fund is part of a resolution proposed by Seoul to compensate Korean victims of Japan\u2019s wartime forced labor, a decision that has been agreed upon by both nations and led to the first summit between their leaders. The committee\u2019s role will include facilitating youth exchanges and internships.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it remains unclear whether Mitsubishi Heavy Industries and Nippon Steel Corporation will contribute to the fund. South Korea\u2019s Supreme Court ordered <\/span><a href=\"https:\/\/www.nytimes.com\/2018\/10\/30\/world\/asia\/south-korea-japan-compensation-world-war-two.html\"><span style=\"font-weight: 400;\">Nippon Steel<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.nytimes.com\/2018\/11\/29\/world\/asia\/south-korea-wartime-compensation-japan.html\"><span style=\"font-weight: 400;\">Mitsubishi Heavy Industries<\/span><\/a><span style=\"font-weight: 400;\"> in 2018 to compensate South Koreans forced to work in their factories during World War II. Neither company adhered to the court\u2019s rulings, and South Korean courts <\/span><a href=\"https:\/\/www.koreatimes.co.kr\/www\/nation\/2022\/08\/120_334734.html\"><span style=\"font-weight: 400;\">partially liquidated<\/span><\/a><span style=\"font-weight: 400;\"> Japanese assets in the ROK to compensate the victims.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Dear readers,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Here at KOREA PRO, our utmost priority is to provide you with engaging and enlightening content. Your input plays a crucial role in helping us improve, and we greatly appreciate any suggestions you might have to refine our services. We encourage you to devote a brief five minutes to complete our <\/span><\/i><a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLScvzlZJxcMly2_rwvE0IkCy2sS_Vd9F_t7F0dJeUzDW4ropMw\/viewform\"><i><span style=\"font-weight: 400;\">survey<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, enabling you to express your thoughts and perspectives.<\/span><\/i><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The establishment of a joint steering committee marks a crucial development in enhancing relations between South Korea and Japan. Although Japanese Prime Minister Fumio Kishida\u2019s <\/span><a href=\"https:\/\/koreajoongangdaily.joins.com\/2023\/05\/07\/national\/politics\/Korea-Japan-Yoon-Suk-Yeol\/20230507200912407.html\"><span style=\"font-weight: 400;\">acknowledgment<\/span><\/a><span style=\"font-weight: 400;\"> of the \u201chorrendous damage and pain\u201d caused to the Korean people during Japan&#8217;s colonial rule represents his personal perspective and not the official stance of the Japanese government, the creation of this committee reflects Japan\u2019s efforts to foster reconciliation. In January, Japan demonstrated its willingness to address historical concerns by discreetly permitting Japanese companies to <\/span><a href=\"https:\/\/www.japantimes.co.jp\/news\/2023\/01\/12\/national\/japan-korea-wartime-labor\/\"><span style=\"font-weight: 400;\">contribute<\/span><\/a><span style=\"font-weight: 400;\"> to related funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, the main opposition Democratic Party (DP) in South Korea has expressed critique towards the Yoon administration\u2019s Japan policy, frequently labeling it as \u201csubmissive diplomacy.\u201d They contend that the administration is failing to adequately hold Japanese companies and Tokyo accountable for their involvement in forced labor during World War II. The lack of a definitive commitment from these companies to contribute to the partnership fund may be interpreted by the DP as further proof of the Yoon administration\u2019s alleged submissive stance. Despite these criticisms, the inception of the joint committee symbolizes an easing of tensions between South Korea and Japan.<\/span><\/p>\n<div class=\"content-tags\"><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>Local media reported that the Federation of Korean Industries (FKI) and the Japan Business Federation (Keidanren) are launching a joint steering committee to manage a \u201cpartnership fund\u201d aimed at fostering improved relations between South Korea and Japan. This fund is part of a resolution proposed by Seoul to compensate Korean victims of Japan\u2019s wartime forced [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2200975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[28],"class_list":["post-2200974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","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 form committee for labor resolution fund - 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\/05\/south-korea-and-japan-form-committee-for-labor-resolution-fund\/\" \/>\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 form committee for labor resolution fund - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"Local media reported that the Federation of Korean Industries (FKI) and the Japan Business Federation (Keidanren) are launching a joint steering committee to manage a \u201cpartnership fund\u201d aimed at fostering improved relations between South Korea and Japan. 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