Japan Removes S. Korea from List of Trusted Trade Partners

Politics

Tokyo, Aug. 28 (Jiji Press)--The Japanese government on Wednesday removed South Korea from its list of trusted trading partners qualified for preferential treatment in export procedures, in the second round of trade action against the neighboring country.

In July, Tokyo tightened controls on South Korea-bound exports of three semiconductor-related materials.

In South Korea, moves to boycott Japanese products have been continuing since last month as the relationship between the two nations has been deteriorating, also reflecting a series of South Korean court rulings last year that ordered Japanese firms to pay compensation to South Koreans who were requisitioned to work for them during World War II.

The South Korean government last week decided to scrap the bilateral general security of military information agreement, or GSOMIA, which allows Tokyo and Seoul to share defense secrets and is therefore believed to be an important tool in dealing with provocative actions by North Korea, including its repeated launches of apparent short-range ballistic missiles.

Under the current situation, no prospect is in sight for improvement in the bilateral ties, pundits said.

[Copyright The Jiji Press, Ltd.]

Jiji Press