S. Korean and Japanese Business Chambers Forge Stronger Energy and Supply Chain Ties.

Osaka: The Korea Chamber of Commerce and Industry (KCCI), a major South Korean business lobby, convened a meeting on Monday with its Japanese counterpart, the Japan Chamber of Commerce and Industry (JCCI), to fortify collaborations in the sectors of energy, supply chains, and advanced technologies.According to Yonhap News Agency, the 13th meeting of the business chamber leaderships from South Korea and Japan was held in Osaka. This gathering followed their previous meeting in Busan, South Korea, in June 2023. The South Korean delegation was led by KCCI Chairman Chey Tae-won and HS Hyosung Vice Chairman Cho Hyun-sang. The Japanese delegation was headed by JCCI Chairman Ken Kobayashi and Shingo Torii, vice chairman of Suntory Holdings.Discussions during the meeting centered on identifying potential areas for private sector-led economic cooperation. These areas include energy, supply chains, and advanced technologies. The discussions also explored possible cooperation models between local chambers to enhance bilateral economic activities.Cho Hyun-sang emphasized the growing need for cooperation in light of external geopolitical uncertainties and the limitations of growth within their respective domestic economies. He underscored the significance of joint investments in overseas hydrogen production facilities, aiming to establish a comprehensive global hydrogen supply chain.