No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Investments

US, South Korea and Japan to agree to crisis consultations at Camp David summit By Reuters

August 18, 2023
in Investments
0
Sudan's warring parties to meet for talks in Saudi Arabia By Reuters


2/2

© Reuters. U.S. President Joe Biden, Japan’s Prime Minister Fumio Kishida and South Korea’s President Yoon Suk Yeol attend a photo op on the day of trilateral engagement during the G7 Summit at the Grand Prince Hotel in Hiroshima, Japan, May 21, 2023. REUTERS/Jo

2/2

By Trevor Hunnicutt and David Brunnstrom

HAGERSTOWN, Maryland (Reuters) – At a Camp David summit on Friday, the United States, South Korea and Japan will pledge to consult each other in moments of crisis, officials said, a commitment designed to deepen three-way military ties as the U.S. seeks to rally its allies to counter China’s rising influence.

The commitment, which falls short of a formal alliance, will be the centerpiece of U.S. President Joe Biden’s first Camp David summit for foreign leaders and represents a significant move for Seoul and Tokyo, which have a long history of mutual acrimony and distrust.

Biden is welcoming South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida to the mountainside presidential retreat on Friday, where they are expected to have several hours to strategize over how to manage tensions in the Indo-Pacific region and beyond.

The summit is expected to produce a series of joint statements, including commitments to establish a crisis hotline, work together on emerging technologies and to meet annually.

The event is also freighted with symbolism: with Washington’s encouragement, Tokyo and Seoul are navigating their way past disputes dating to Japan’s 1910-1945 occupation of the Korean Peninsula.

Those disputes are among the reasons the leaders would not now consider a mutual-defense pact along the lines of what the United States has separately with both South Korea and Japan, according to U.S. officials who declined to be identified while previewing the summit.

“What we have seen over the last couple of months is a breathtaking kind of diplomacy, that has been led by courageous leaders in both Japan and South Korea,” said Kurt Campbell, Biden’s coordinator for Indo-Pacific affairs.

“They have sometimes gone against the advice of their own counselors and staff and taken steps that elevate the Japan-South Korea relationship into a new plane,” Campbell said.

CHINA VIEWS SUMMIT WARILY

No specific action by the trio in Camp David is expected to sharply increase tensions with China, though Beijing has warned that U.S. efforts to strengthen ties with South Korea and Japan could “increase tension and confrontation in the region.”

While South Korea, Japan and the United States want to avoid provoking Beijing, China believes Washington is trying to isolate it diplomatically and encircle it militarily.

A senior U.S. official said at a briefing on the summit that the U.S. was not “centrally focused” on messaging to China, but the behavior of North Korea, China and Russia has “created incentives” for the allies to cooperate.

Tensions in the South China Sea have flared between U.S. ally the Philippines and China over a grounded warship that serves as a Philippine military outpost in the strategic waterway, a major global trade route.

Biden, an 80-year-old Democrat seeking another four-year term in the 2024 presidential election, faces a likely opponent in Republican former President Donald Trump, who has voiced skepticism about whether Washington benefits from its traditional military and economic alliances.

South Korea has legislative elections next year and Japan must hold one before October 2025, and what analysts see as a still fragile rapprochement between the two nations remains controversial among the countries’ voters.

The White House, conscious of the electoral clock, wants to make the progress between South Korea and Japan hard to reverse, including by establishing routine cooperation on military exercises, ballistic missile defense, the economy, and scientific and technological research.

Editorial Team

Editorial Team

Related Posts

Morning Bid: Samsung Electronics’ wage drama not over yet
Investments

Morning Bid: Samsung Electronics’ wage drama not over yet

May 21, 2026
BOJ policymaker calls for rate hike, warns of war-led inflation overshoot
Investments

BOJ policymaker calls for rate hike, warns of war-led inflation overshoot

May 21, 2026
Taiwan says President Lai would be happy to talk to Trump
Investments

Taiwan says President Lai would be happy to talk to Trump

May 21, 2026
Bond yields, oil fall amid hopes for Iran deal; stocks end up with chip shares 
Investments

Bond yields, oil fall amid hopes for Iran deal; stocks end up with chip shares 

May 20, 2026
Instant View: SpaceX files long awaited IPO, creating a fresh AI play
Investments

Instant View: SpaceX files long awaited IPO, creating a fresh AI play

May 20, 2026
Fed minutes show more policymakers open to a rate hike
Investments

Fed minutes show more policymakers open to a rate hike

May 20, 2026
Load More
Next Post
How to get a job with a disability

How to get a job with a disability

Popular News

  • Allvue and RSM have launched an AI model aimed at making the execution of capital Capps more efficient for private capital firms.

    Allvue and RSM launch AI model to automate capital calls

    0 shares
    Share 0 Tweet 0
  • Gen Z single women are buying homes. They need an estate plan

    0 shares
    Share 0 Tweet 0
  • Why two Wall Street titans have turned bullish on U.S. stocks

    0 shares
    Share 0 Tweet 0
  • Samsung Just Quietly Raised the Prices of These Smartphones and Tablets

    0 shares
    Share 0 Tweet 0
  • 12 Best Online Stock Brokers in the UK for 2023 • Benzinga

    0 shares
    Share 0 Tweet 0

Latest News

Crypto

Singapore Shuts Down Bsquared’s Crypto Payment Operations

May 21, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bsquared Technology Pte Ltd has no auditors...

Academic and Career Support Specialist

Academic and Career Support Specialist

May 21, 2026
0

Waynesburg University is currently seeking applicants for an Academic and Career Support Specialist. Applications will be accepted until the position...

Cointelegraph

Hyperliquid ETF Volumes Rise 50% Due to Well-Timed Launches

May 21, 2026
0

US-based exchange-traded funds tied to HYPE recorded a 50% trading volume jump on Wednesday, in a rare move for newly...

Morning Bid: Samsung Electronics’ wage drama not over yet

Morning Bid: Samsung Electronics’ wage drama not over yet

May 21, 2026
0

Morning Bid: Samsung Electronics’ wage drama not over yet

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.