BBC correspondents explain why historic rivals are trying to rebuild trust - and who stands to gain.
Yoon Suk Yeol, a political novice with no experience of foreign affairs, is trying to defuse decades of mistrust
The opposition leader branded the deal the "biggest humiliation in our history". But it won him this trip to Tokyo. Diplomats here are quietly surprised and impressed. They see it as a brave and astute move, especially for a political novice, with no foreign policy experience. Until last year, President Yoon was a lawyer.
There are economic rewards to be reaped too. In 2019, when relations were particularly sour, Japan slapped export restrictions on the chemicals Seoul needs to build its semi-conductors. Getting these lifted is a top priority, briefed a senior government official. Foreign and defence ministry officials will also resume security talks, Japan's Kyodo news agency reported.The two nations will no doubt benefit from closer ties. But this is a strategic and diplomatic win for Japan. The world's third-largest economy is preparing to host the G7 summit in May in Hiroshima.
Tensions also escalated when Tokyo imposed export curbs on high-tech materials such as chemicals used to make smartphone displays, TV screens and semiconductors. Joe Biden said in a statement that this was "a ground-breaking new chapter of co-operation and partnership between two of the United States' closest allies".
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