Japan, Korea financial authorities hold in-person bilateral meeting

The two exchanged views about developments in their financial sectors.

Financial Services Agency (FSA) commissioner Hideko Ito held an in-person bilateral meeting with South Korea’s Financial Services Commission chairman Kim Byoung Hwan to discuss developments in their respective financial sector.

Ito and Kim exchanged views about the Corporate Value-up Program of South Korea, and Japan’s policy plan to promote itself as a leading asset management center, according to a joint press release.

The two recognized “the need for a closer communication to effectively address common challenges between Japan and Korea, and to build stable global and regional financial systems,” it said.

Ito and Kim also said that they are looking forward to the 8th Financial Shuttle Meeting amongst financial authorities of Japan and South Korea that will take place later in 2024.