Japan's move to lower South Korea trade status takes effect

In this Tuesday, Aug. 27, 2019, photo, Japan's Trade Minister Hiroshige Seko speaks during a press conference in Tokyo. Japan removed South Korea from a list of nations given preferential trade status, a decision when announced earlier has set off a series of actions from both sides that have hurt bilateral relations. (Takuya Hatayama/Kyodo News via AP)

TOKYO — Japan's downgrading of South Korea's trade status has taken effect, a decision that already set off reaction and hurt bilateral relations.

As of 12:01 a.m. Wednesday, Japanese manufacturers must apply for approval for each technology-related contract for South Korean export, such as fluorinated polyimides used for displays. South Korea's previous status as a preferential trade partner meant simpler checks on exports.

Since Japan announced the decision, South Korea decided to similarly downgrade Tokyo's trade status, which will take effect next month. Seoul has also canceled a deal to share military intelligence with Japan.

South Korea has accused Japan of weaponizing trade because of a separate dispute linked to Japan's colonial rule of the Korean Peninsula from 1910 to 1945.

Japan denies retaliating and says wartime compensation issues were already settled.

People also read these

Foreign doctors deem ill Chinese Nobel laureate OK to travel

Jul 9, 2017

Two foreign specialists who visited Liu Xiaobo say the cancer-stricken Nobel Peace Prize laureate...

China's ever-tighter web controls jolt companies, scientists

Sep 10, 2017

China's campaign to stamp out use technology that allows web surfers to evade its internet filters...

Chinese bitcoin exchange announces it is ending trading

Sep 15, 2017

One of China's biggest bitcoin exchanges says it will stop trading following reports regulators...

House fire in southern Beijing suburb kills 19, injures 8

Nov 19, 2017

A fire at a 2-story building advertising low-cost rental apartments in a southern Beijing suburb...

Apple, Google at Chinese internet fest shows lure of market

Dec 4, 2017

Apple, Google leaders' presence at China state-run internet conference highlights dilemma for...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com