S. Korea Removes Japan from Preferred Trading Partner List
Seoul, Sept. 18 (Jiji Press)--South Korea's government on Wednesday removed Japan from its list of preferred trading partners in terms of export control procedures, in an apparent retaliation for similar measures Tokyo implemented earlier this year.
The tit-for-tat trade conflict looks certain to further worsen the relations between the two East Asian neighbors.
The move came after Japan tightened export controls on some semiconductor-related materials bound for South Korea in July and removed the country from its list of trusted trading partners qualified for preferential treatment in export procedures in August.
At a press conference on Tuesday, a senior official of South Korea's Ministry of Trade, Industry and Energy said that the measure is intended to strengthen export controls on the country with which South Korea finds it difficult to cooperate closely.
After announcing last month the decision to remove Japan from the list, the ministry solicited opinions from the public. Of the opinions collected, 91 pct supported the decision.
[Copyright The Jiji Press, Ltd.]