Company group optimistic about Japan easing entry constraints

By Song Su-hyun&#13 The Korea Herald/ANN South Korea’s business enterprise group expects to see the…

By Song Su-hyun
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The Korea Herald/ANN

South Korea’s business enterprise group expects to see the imminent leisure of entry restrictions for travelers to Japan amid hopes of improving upon economic relations in between the two nations, in accordance to business sources on Sunday.


Regarding the risk of the two governments pounding out an arrangement easing the seven-thirty day period-very long limitations on entry to Japan amid the COVID-19 pandemic, market officials are optimistic about retaining better small business relations with their Japanese companions and contributing to the two nations’ financial ties.

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“Although Korea has been performing to strengthen the supplies, sections and products market and decrease its reliance on Japan, shut cooperation between Korean and Japanese providers is seriously desired,” said an field formal. “Japanese companies are continue to crucial company partners for several Korean companies.”

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Since the coronavirus outbreak, Japan has strictly confined entry to clinical personnel, instructional school associates and individuals with long-lasting resident position. Some significant-profile organization moguls have been authorized in on a circumstance-by-circumstance basis.

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Korean business enterprise officials hope to be allowed to enter Japan by means of speedy-keep track of corridors and not subjected to a two-week quarantine, if they exam detrimental for COVID-19 prior to departure and right after arrival.

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Enterprise tycoons like Samsung Vice Chairman Lee Jae-yong would then be capable to resume conferences with their Japanese companions. Till past yr the Samsung heir usually visited Japan to meet some of Japan’s most influential organization and political figures.

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Lee flew to Tokyo in July 2019 to request cooperation from key Japanese organizations in securing essential materials for semiconductors and displays, soon after the Japanese government led by previous Prime Minister Shinzo Abe imposed severe limitations on exports to Korea of those elements.

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There was a report that Lee had unofficially asked the Japanese ambassador in Seoul to examine easing the entry limits. Samsung would not verify the report.

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“The small business ties could have been retained as a result of digital conferences and videoconferencing, but this kind of noncontact meetings ended up not plenty of to make the relations more robust,” another official stated.

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Some say that lifting the restrictions on businesspeople would increase financial relations between Korea and Japan under the new Cabinet of Key Minister Yoshihide Suga.

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Due to the fact July past year, soured relations in between Seoul and Tokyo have led to boycotts of Japanese items by Koreans and to a drop in trade.

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In September, Japan’s exports to Korea fell 15.9 percent to 402.8 billion yen ($3.82 million), while its imports from Korea dropped 8.9 % to 251.3 billion yen.

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