President of South Korea Lee Jae Myung looks on during a meeting with President Donald Trump in the Oval Office of the White House in Washington, D.C., in August. On Tuesday, Lee met with Japanese Prime Minister Ishiba Shigeru in Busan, South Korea. File Photo by Al Drago/UPI | License Photo

Sept. 30 (UPI) -- Political leaders in Japan and South Korea on Tuesday agreed to cooperate on matters affecting both nations during a summit meeting in Busan, South Korea, on Tuesday.

Those matters include security, aging populations, economic growth and depending on other nations for agricultural goods, The Korea Herald reported.

The 75-minute meeting between Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae Myung started at 4:50 p.m. local time and addressed matters affecting both nations, according to Japan's Ministry of Foreign Affairs.

"I expect the ties between South Korea and Japan to become very close," Lee said afterward. "I expect today's summit to lay a cornerstone for rebranded Korea-Japan relations."