South Korean President Yoon Suk-yeol said Japan is a partner sharing common values, extending an olive branch to his neighbor in a speech marking the end of Japanese colonial rule over the Korean Peninsula in 1945.

Yoon said at a Liberation Day speech on Tuesday that he sees a summit this week with Prime Minister Fumio Kishida and U.S. President Joe Biden as setting a new milestone of cooperation.

"Korea and Japan are now partners who share universal values and pursue common interests,” Yoon said.