Tag: Japan-South Korea trade dispute
A previous ruling finding that Seoul's anti-dumping duties on Japanese pneumatic valves violated some international trade rules was upheld.
With the decision not to extend the pact, the political and trade disputes between South Korea and Japan now extend into some of the most sensitive national security issues in the region.
Relations soured after the South Korean Supreme Court ordered some Japanese firms to compensate Korean wartime workers, a move strongly condemned by Tokyo.
Relations between the two US allies worsened late last year when a South Korean court ordered Japanese companies to compensate former labourers forced by the firms to work during WWII.
The two neighbours can overcome the past and move toward the future if Japan 'contemplates a past that brought misfortune to its neighbouring countries,' says South Korean President Moon Jae-in.
The video, played at a monthly meeting of some 700 employees of Kolmar Korea last week, praises Shinzo Abe for 'not punching Moon Jae-in in the face'.
China’s yuan sinking beyond 7 per dollar fuels fresh offloading of equities in Korea, overtaking those of Malaysia's.
The slump comes amid an intensifying trade dispute between Seoul and Tokyo.
The measure is the latest blow to ties between South Korea and Japan, which have plunged to new lows over a long-running dispute on forced labour during World War II.
The US has reportedly urged both nations to consider signing a 'standstill agreement' on their dispute to buy time for them to negotiate.
The move is part of an ongoing trade war between the two neighbours in the Pacific region after Tokyo slowed down supply of 3 vital electronic items to Seoul in early July.