South Korea to drop Japan from its fast-track trade 'white list'
Japan's economic retaliation is not only intrinsically unfair, but unjust because it stems from Japan's colonial-era abuses, says South Korean President Moon Jae-in.SOUTH Korea said on Monday it plans to drop Japan from its"white list" of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries.
The Japanese government did not immediately issue a public response to Monday's announcement, but a senior foreign ministry official told broadcaster NHK that a response would come after more analysis of the details of South Korea's decision. That followed Japan's imposition in July of tighter curbs on exports to South Korea of materials used to make smartphone chips, South Korea's top export item.
Still, South Koreans should not react emotionally and should maintain constructive ties with the Japanese people, Mr Moon said at a meeting of senior aides on Monday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea tightens export controls on Japan in trade rowSouth Korea on Monday put Japan into its own new export category, intensifying a trade war between the two neighbours and US allies.
Read more »
South Korean cosmetics firm boss quits over YouTube praising JapanThe head of a major South Korean cosmetics firm resigned Sunday after facing heavy backlash for forcing his staff to watch a YouTube video praising Japan during a raging trade war between the two nations. The clip, played at a monthly meeting of some 700 employees of Kolmar Korea last week, slams President
Read more »
South Korean cosmetics firm boss quits after backlash over video praising JapanThe head of a major South Korean cosmetics firm resigned Sunday after facing heavy backlash for forcing his staff to watch a YouTube video ...
Read more »
North Korea says latest test was 'new weapon'North Korean leader Kim Jong Un personally oversaw the latest in a series of missile launches, which was the 'test-fire of a new weapon', the ...
Read more »
North Korea says latest test was 'new weapon'North Korean leader Kim Jong Un supervised a 'new weapon' test, state media reported Sunday, the latest in a series of launches that US President Donald Trump has played down as Washington seeks to restart nuclear talks with Pyongyang. The report carried by the Korean Central News Agency followed
Read more »
China and Japan vow to build ties for ‘new era’ as strategic talks resumeChina and Japan said they would work to build a relationship that met the requirements of a “new era”, as the two sides resumed strategic talks after a seven-year hiatus.The strategic dialogue between Le Yucheng, China’s foreign vice-minister, and his Japanese counterpart Takeo Akiba was held on Saturday
Read more »