At a two-day ministerial conference in Seoul, South Korea, which opened on Tuesday (5th September), Japan agreed to provide South Korea with a loan of 173 million dollars (nearly GBP70 million).
GV Hotel in Seoul Chosun Hotel
GV INTERIOR.. delegates applaud
SV Japanese Foreign Minister Ohira speaks (2 shots)
CU Delegates listen
CU Ohira speaks again
SV PAN..delegates listen (Korean delegates)
SV Korean delegates listening
GV Japanese delegates
GV Conference in session
Initials ES. 1525 ES. 1540
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Background: At a two-day ministerial conference in Seoul, South Korea, which opened on Tuesday (5th September), Japan agreed to provide South Korea with a loan of 173 million dollars (nearly GBP70 million).
It was the first meeting between the two countries since Prime Minister Tanaka's administration was inaugurated in Japan, and conference officials say that it is particularly important at this time as Japan moves to normalise relations with the People's Republic of China, and in view of the current friendlier relations between North and South Korea.
It was also announced that Japan and South Korea would start immediate negotiations for an industrial patents agreement in 1972.
SYNOPSIS: The Chosun Hotel in Seoul where Japan and South Korea this week held a two-day ministerial conference to discuss political and economic issues affecting relations between the two neighbours.
The Japanese delegation, led by Foreign Minister Masayoshi Ohira, was the first to visit South Korea since Prime Minister Kakuei Tanaka's cabinet was formed in July. There has been a flurry of diplomatic activity in the area recently and conference officials stressed that the meeting was particularly important in view of Japan's moves to normalise relations with The People's Republic of China and the friendlier atmosphere between North and South Korea.
Later, in a joint communique, it was announced that Japan had agreed on a loan to South Korean of 173 million dollars. The two countries also agreed to begin immediate negotiations for an industrial patents agreement in 1972.