Trading: Korean tit-for-tat in Japan

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Actually, South Korea and Japan argue about reparations from the Japanese occupation period. But the dispute has now become the trade dispute. Both countries discourage certain exports.

South Korea’s trade Minister, Sung Yun-Mo, on 12. August 2019 in Seoul

After Japan was difficult in the beginning of July the export of certain goods to South Korea, according to drew, the government in Seoul and announced a tightening of export controls to Japan.

According to the South Korean Ministry of Commerce by Monday will be deleted Japan from a “white list” of countries that benefit from expedited export procedures.

Instead, Japan will not be included as so far the only country in a newly created commercial category because it is pursuing its export control systems in accordance with the “international export control principles”.

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The stricter export rules to take effect in September. Then South Korea would have to submit a niche company more documents than before, if you want to execute as sensitive or safety-relevant classified products to Japan, the Ministry of Commerce. This process could take up to 15 days.

It was badly hurt, tight with a country that “regularly the basic rules,” said trade Minister Sung Yun-Mo.

Japan had been restricted in July, the Export of products to South Korea, companies like Samsung for making a Smartphone in need of Chips, and the country is deleted at the beginning of August of a “white list” of privileged trading partner.

Anti-Japanese rally near the Japanese Embassy in Seoul on 3. August 2019

Background Colonial Period

Behind the trade dispute is a long-lasting conflict over Japan’s brutal colonization of Korea from 1910 to 1945, exacerbated by the recently re-plugged in. Courts in South Korea stated, Japanese companies would have to compensate forced laborers. Tokyo replied that this question had already been in 1965, finally resolved.

President of South Korea, Moon Jae-In said Monday the latest developments, South Korea was a “victim of suffering by the Japanese imperialism of the past”. Therefore, the country must take the “economic retaliation” of Japan very seriously.

At the same time Moon has called on his country people to react emotionally and to constructive relations with Japan, hold. “We should deeply think about breath and in a firm but quiet manner on counter-measures,” said Moon.

So Moon struck more conciliatory tones than the beginning of August. At the time, he had said: “We will not be back from Japan defeat”. Many Koreans had called for a boycott of Japanese products.

bea/hb (reuters, afp, AP)