Chairman of Korea's SK Group: ”The Japan-Korea Economic Cooperation should move towards a single market model like the EU”

SK Group Chairman Choi Tae-won said, ``If South Korea and Japan develop into a single market economic cooperation body like the EU (European Union), there will be tremendous synergy effects.
"It will not only contribute to peace in Northeast Asia, but also contribute to peace in Northeast Asia." According to SK Group on the 5th, Chairman Choi announced on the 4th (local time) Choi Jong Hyun, a group established by the SK Group Foundation.
(Choi Jong-hyun) Attended the Trans Pacific Dialogue (TPD) hosted by the Academy of Sciences in Washington, D.C., and spoke about the Japan-Korea Economic Cooperation Concept proposed at the recent Tokyo Forum.
explained. At the first session held under the theme of ``A new era in Korea-Japan relations and Korea-U.S.-Japan trilateral cooperation,'' Chairman Choi said, ``Korea and Japan have not been part of the WTO (World Trade Organization) system until now.
``In this situation, cooperation between South Korea and Japan is the key to achieving this goal.'' solution to overcome
It could be a decisive move," he said. He continued, ``Both South Korea and Japan are facing issues such as aging, population decline, and low economic growth rates, making it difficult to maintain their current economic positions any longer.''
``The only way we can resolve this is through an economic cooperation model like the EU.'' In particular, Chairman Choi said, ``In the beginning of the EU, France and Germany were involved in industries such as steel and coal.
It started as an economic union in the United States, but it has now grown to become the third largest market in the world.''If Korea and Japan also cooperated in fields such as energy and semiconductors, many synergy effects would be created.
"Uh," he declared. Furthermore, ``If South Korea and Japan form a strong economic alliance and grow into a large market, it will create opportunities for neighboring countries such as China and Russia to participate, and eventually lead to problems in Northeast Asia such as the North Korean issue.
It can bring peace to all."