The Republic of Korea's Foreign Minister Chung Eui-yong attends a meeting during the Asia-Europe Meeting (ASEM) High-Level Policy Dialogue Foreign Ministers event in Hanoi on June 22, 2021. (NHAC NGUYEN / AFP)

WASHINGTON - The Republic of Korea's Foreign Minister Chung Eui-yong said he would meet his Japanese counterpart on Thursday and hoped for progress to end a dispute that has led to tit-for-tat trade restrictions.

Chung told the Council on Foreign Relations think tank during a visit to New York that he would hold a bilateral meeting with Japan's Toshimitsu Motegi in the city after taking part in a trilateral meeting together with US Secretary of State Antony Blinken on Wednesday.

"Japan is our close neighbor and we share the same values of democracy, market economy, human rights and all that," he said. "So, we want Japan as a close friend, but unfortunately we have some differences in how to see the past history."

A historic feud over Japan's 1910-1945 occupation of Korea including over "comfort women", Japan's euphemism for mostly Korean women forced to work in its wartime brothels, has long soured bilateral ties between the two important US allies

A historic feud over Japan's 1910-1945 occupation of Korea including over "comfort women", Japan's euphemism for mostly Korean women forced to work in its wartime brothels, has long soured bilateral ties between the two important US allies.

The dispute in recent years has brought tit-for-tat export curbs and threatened security cooperation between the neighbors.

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A senior US State Department official said regular meetings had taken place over the past six months involving the US diplomats and counterparts from the ROK and Japan to improve ties.

"It was quite warm and quite allied this evening, particularly as we tried to work through and think about what we're seeing from the DPRK (Democratic People's Republic of Korea), especially with the recent launches etc.," the US official said, briefing reporters on condition of anonymity after Wednesday's trilateral meeting.

"It's become actually a forum that is about getting common work done and is no longer about breaking ice."

Chung said Seoul believed the issues could be resolved through dialogue.

He said it was unfortunate that trade restrictions had resulted from political differences and said he hoped these could be resolved soon, otherwise Seoul would have to bring them before a World Trade Organization panel.

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"Koreans are very hopeful that the two foreign ministers of Japan and Korea will work on something to normalize relations between Korea and Japan," he said.

Chung and Motegi met on the sidelines of the G7 meeting in Britain in May but did not manage then to narrow their differences.