“Japanese corporations donate an extra 200 million yen to the Korean-Japanese enterprise group’s ‘Future Fund’”… Compelled mobilization corporations are excluded.

by times news cr

2024-05-27 15:18:22

Yu-Kishida to develop youth exchanges

It was confirmed {that a} Japanese firm donated 200 million yen (roughly 1.75 billion received) to the ‘Japan-Japan-Korea Future Partnership Fund’, which was established in March final 12 months in response to the Korean authorities’s announcement of a compensation ruling for victims of pressured mobilization through the Japanese colonial interval. Korean corporations additionally plan to take part in extra fund growth sooner or later.

President Yoon Seok-yeol and Japanese Prime Minister Fumio Kishida explored methods to develop youth exchanges, comparable to examine overseas, internships, and employment, to develop future-oriented bilateral relations on the Korea-Japan summit held on the Yongsan Presidential Workplace on the twenty sixth on the event of the Korea-China-Japan summit. I made a decision to exit. In response to the President’s Workplace, President Yoon praised Prime Minister Kishida in regards to the latest resolution by Japanese corporations to make extra contributions to the Future Partnership Fund.

A high-ranking official within the Presidential Workplace mentioned on this present day, “Japan preemptively raised an extra 200 million yen,” including, “In keeping with this, the Affiliation of Korean Industries (previously the Federation of Korean Industries) additionally expanded funds to the inspiration and inspired the youth and future generations of each nations to change into extra energetic.” “We wish to work to make sure that we will work together extra successfully,” he mentioned.

The Korea-Japan-Japan-Korea Future Partnership Fund is a fund created by the Korean and Japanese enterprise communities in March final 12 months by contributing 1 billion received and 100 million yen, respectively, to construct a future-oriented Korea-Japan relationship. With this fund, 50 Korean highschool lecturers visited corporations, skilled tradition, and inspected instructional websites in Japan in January of this 12 months. In April, Japan invited Korean startup corporations and held the ‘Korea-Japan Startup Partnership Discussion board’.

In relation to this, Japan’s Yomiuri Shimbun reported that the donations made by members of Keidanren, a enterprise group, to the Future Partnership Fund greater than doubled from the earlier goal of 100 million yen. Keidanryun introduced that it determined to develop the scale of the fund, saying, “The scenario surrounding Korea and Japan is extreme and doesn’t enable for prediction, so additional strengthening of partnership is required.”

Nevertheless, it’s reported that Mitsubishi Heavy Industries, Nippon Metal, and Hitachi Zosen, that are defendants within the pressured mobilization compensation ruling, didn’t take part within the donation. It’s reported that Japanese corporations for which the Supreme Court docket’s compensation ruling was confirmed didn’t take part as a result of an answer through which the Korean government-affiliated basis would pay the plaintiff an equal quantity of compensation had not been finalized.

The federal government introduced in March final 12 months that the Help Basis for Victims of Compelled Mobilization beneath the Ministry of Public Administration and Safety will elevate funds from the non-public sector and pay compensation and curiosity on delays on behalf of the Japanese defendant corporations to victims who’ve acquired a remaining judgment for compensation.


Tokyo = Correspondent Lee Sang-hoon [email protected]

#Korea-Japan enterprise group #Future Fund

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2024-05-27 15:18:22

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