South Korea and Japan may be near resolving a dispute over colonial-era forced labour that has overshadowed political and trade relations between the two neighbours, with media reports saying Seoul could announce plans on Monday.
Japan's Cabinet Office and Foreign Ministry did not immediately respond to phone and email requests for comment.in decades after South Korea's Supreme Court in 2018 ordered Japanese firms to pay reparations to former forced labourers. Fifteen South Koreans have won such cases, but none has been compensated.
Japan could allow its companies to "voluntarily" contribute to the foundation, and the two governments are aiming for South Korean President Yoon Suk-yeol to visit Japan this month, Kyodo reported. The fund would be jointly formed by the Federation of Korean Industries, South Korea's big business lobby, and its Japanese counterpart, Keidanren, the report said.
Prime Minster Fumio Kishida plans to say he is extending past statements on wartime forced labour, which include an apology for Japan’s colonialism, Japan's Yomiuri reported on Saturday.
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