Moon Blasts Japan's Tightened Export Controls as Retaliation

Economy

Seoul, Aug. 8 (Jiji Press)--South Korean President Moon Jae-in on Thursday blasted Japan's tightened export controls on his country as economic retaliation for South Korean's court rulings over wartime labor.

The Japanese government denies its steps are a retaliatory move against a series of South Korean Supreme Court rulings ordering Japanese companies to pay compensation to plaintiffs for the labor provided to the firms.

At a meeting on economic affairs Thursday morning, Moon said Japan is doing a game without a winner in which everyone, including Japan, will end up losers.

The order of free trade will be damaged, and Japan will lose the trust of the international community, he added, urging Tokyo to scrap the trade restrictions on South Korea.

Moon also warned that Japanese companies will also suffer damage.

[Copyright The Jiji Press, Ltd.]

Jiji Press