🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

South Korea's Moon says Olympics may be chance for North Korea, U.S. talks

Published 02/28/2021, 09:06 PM
Updated 02/28/2021, 10:55 PM
© Reuters. South Korean President Moon Jae-in holds an online New Year news conference in Seoul

By Hyonhee Shin

SEOUL (Reuters) - South Korea's President Moon Jae-in said on Monday that the Tokyo Olympics could provide a chance to reopen talks between North Korea and the United States, North Korea and Japan, and the two Koreas.

Speaking at a ceremony marking the 102nd anniversary of the March 1 Independence Movement Day in Seoul, Moon also said South Korea will work with Japan for the success of the Tokyo Olympics, which could help the two countries recover from the fallout from the coronavirus pandemic.

Moon's speech came as North Korea's relations with South Korea and Japan have soured after its denuclearisation negotiations with the United States fell apart in 2019.

Seeking to take a page from its 2018 Winter Olympics, Seoul is pinning high hopes on the Tokyo Olympics to revitalise diplomacy with North Korea despite uncertainty over the coronavirus pandemic and Pyongyang's cutoff of exchanges with the outside world.

"The Games scheduled for this year may serve as an opportunity for dialogue between South Korea and Japan, South and North Korea, North Korea and Japan, and North Korea and the United States," Moon said at a public park in Seoul where independence fighters declared the country's freedom in 1919 from Japanese colonial rule.

"I hope that both Korea and Japan will be able to revive our economies, which were hit by the COVID-19 pandemic, and jointly create a new order in the post-COIVD-19 era."

Japan's 1910-45 colonisation of the Korean peninsula continues to dog bilateral ties.

In January, a Seoul court for the first time ordered Japan to compensate 12 former "comfort women" who were forced to work in its wartime brothels, following a 2018 ruling by South Korea's Supreme Court that two Japanese firms should compensate some wartime forced labourers.

Both rulings drew a rebuke from Tokyo, which says the women and labour issues were settled under a 2015 deal and 1965 treaty, respectively.

Moon said he was "ready to sit down" for talks with Japanese officials on those issues while seeking "wise solutions based on a victim-centred approach."

© Reuters. Ceremony marking the 102nd anniversary of the March 1 Independence Movement Day in Seoul

"We must not let the past hold us back," he said. "I am confident that if we put our heads together ... we will also be able to wisely resolve issues of the past."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.