1 of 2 | SK Group Chairman Chey Tae-won speaks during a South Korea-Japan session at the Nikkei Forum in Tokyo on Tuesday. Photo by Asia Today
June 9 (Asia Today) -- SK Group Chairman Chey Tae-won said Tuesday that South Korea and Japan should move beyond industrial cooperation and trade to pursue a deeper economic community.
Chey made the remarks during a South Korea-Japan special session at the 31st Nikkei Forum "Future of Asia" at the Imperial Hotel in Tokyo. He said the two countries can no longer afford to act separately as U.S.-China rivalry, the weakening of the World Trade Organization system, slow growth and energy supply instability reshape the global economy.
"South Korea and Japan are now in a situation where economic cooperation is essential," Chey said. "The final stage of economic cooperation is becoming an economic community."
Asked what such a community would look like, Chey pointed to the European Union as a model.
