S Korea-G7 financial meeting
Japan invites S. Korea to G-7 meeting of financial ministers
SEOUL, April 28 (Yonhap) -- South Korea's finance ministry said Friday that the country has been invited to participate in the upcoming G-7 ministerial meeting, which will take place in Japan next month.
It marked South Korea's first invitation to the G-7 Finance Ministers and Central Bank Governors' Meeting since 2008, according to the Ministry of Economy and Finance.
Tokyo also invited India, Brazil, Indonesia, Comoros and Singapore to the three-day meeting that will kick off on May 11.
"The invitation reflects the restored Seoul-Tokyo relationship, as well as South Korea's increasing economic presence," the ministry said in a statement.
The ministry said South Korea will join the international efforts to address the crisis in the global economy through the meeting and seek to expand cooperation with G-7 members.
Earlier this week, South Korea put Japan back on its "white list" of trusted trading partners, three years after its removal, in a move to improve their bilateral economic and diplomatic relationship.
In 2019, South Korea took Japan off its white list following Tokyo's removal of Seoul from its own list in apparent retaliation against the South Korean Supreme Court rulings the previous year that ordered two Japanese companies to pay compensation to Korean forced labor victims during Japan's 1910-45 colonial rule of the Korean Peninsula.
Last month, however, the two sides vowed to reinstate each other after South Korea announced plans to compensate the victims without asking Japan for contributions.
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