South Korean President Park Geun-hye told a meeting of Japanese and South Korean business leaders that Japan needs to make more efforts to address differing views of its wartime actions before a bilateral summit can be held.

Park told the business leaders on Monday that she understood their desire to deepen exchanges and pave the way for the first bilateral summit since she and Prime Minister Shinzo Abe took office, the president's office said.

But she also said that more time will be needed for preparation if a one-on-one meeting with Abe is to be held.