As tensions escalated between both sides following the wartime labor row, Japan hit back with tighter export controls on some materials used in high-tech products by South Korean firms, including some essential for use in smartphone displays and chips, mainstays of South Korea's tech-forward economy and integral to some key supply chains that flow from Japan and through South Korea onward.
It went on to remove South Korea from its "whitelist" of nations entitled to simplified export control procedures, with the removal of South Korea from the list marking the first time Japan has revoked a countries' trusted trade status.
Seoul had been on the "whitelist" since 2004 and had been guaranteed preferential treatment in terms of importing certain products from Japan.
South Korea retaliated by taking Japan off of its own "whitelist" of trusted trade partners and announced tighter restrictions on certain imports from Japan, including coal ash and some waste recycling materials.
It followed up by announcing its decision to scrap the GSOMIA with Japan, on exchanging classified military information, as the tit-for-tat dispute escalated.
The pact between both sides would have lapsed at midnight, had South Korea not decided to conditionally extend the key military pact with Japan on Friday.
【国际英语资讯:Spotlight: Japan govt confirms intel-pact with S. Korea to continue after Seouls 11th ho】相关文章:
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15