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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Japan and South Korea leaders talk economic ties Reuters - 30 minutes ago By Yoko Kubota SEOUL - Leaders of Japan and South Korea met on Monday to seek economic cooperation amid the global financial crisis and discuss regional issues such as how to move forward talks on ending Pyongyang's nuclear arms programme. Japanese Prime Minister Taro Aso's two-day visit to South Korea comes as the leaders of both countries face falling personal approval ratings. Talks will likely steer clear of simmering disputes such as a territorial row over desolate islets. Support for Aso's cabinet is hovering below 20 percent, a nationwide poll showed on Sunday. President Lee Myung-bak is not much better with a rate of about 23 percent. Their summit also comes at a time when Tokyo and Seoul have their eye on China's growing economic and diplomatic clout. The bilateral meeting is expected to focus on bolstering economic cooperation between the two export-dependent countries hard hit by the global economic slowdown. Aso, accompanied by some 20 Japanese business leaders, said on Sunday he was concentrating on commercial links with Seoul. Both leaders said they want to bring new life to sputtering talks on a bilateral free trade deal, stalled by wrangling over tariffs. The two countries are each other's third-largest trading partners after China and the United States. Japan-South Korea trade totalled $81.4 billion in 2007, up 4.8 percent from the previous year, according to Japan's foreign ministry. Ties between the two countries have long been strained, mainly from lingering animosity in South Korea over Japan's 1910-1945 colonial rule over the Korean peninsula. They also have a long-running feud over the islets, located about the same distance from both the shores of countries, called Dokdo in Korean and Takeshima in Japanese. The rocky outcrops are situated near fertile fishing grounds and possible maritime deposits of potentially lucrative natural gas hydrate. The two are also expected to discuss how to cooperate with U.S. President-elect Barack Obama's administration to move forward stalled multilateral talks on ending North Korea's nuclear ambitions, as well as aiding war-torn Afghanistan. Aso and Lee will likely discuss cooperation in space technology. In October, South Korea's space agency chose Japan's Mitsubishi Heavy Industries Ltd as a preferred bidder to launch its satellite, making it a step towards Japan's first commercial launch by its domestic H2-A rocket. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Biden: US will help fight terror in AfghanistanAP - 24 minutes ago Japan and South Korea leaders talk economic tiesReuters - 30 minutes ago More than 1,000 people in HK protest against war on GazaAFP - 1 hour 12 minutes ago Japan gives 21 mln dlrs to secure Khmer Rouge trialAFP - 1 hour 19 minutes ago Japan PM seeks new ties with SKorea by sidestepping tensionsAFP - 1 hour 23 minutes ago Most Popular – Asia Pacific Viewed Britain's Prince Harry apologises for racist language Israeli troops push deeper into Gaza's main city Is Tintin gay? Cartoon birthday boy dogged by rumours Three down, one left for Mitsubishi in Dakar Putin says Europe gas crisis "worsening" View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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