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Japan’s trade curbs will impact global industry: Seoul official

Top US envoy for East Asia says ‘US will do what it can’ to help resolve Seoul-Tokyo dispute

Korea better than Japan in strategic trade controls: US think tank

Korea has exceeded Japan in controlling trade of strategic materials, a report by a US research institute showed, amid a trade spat between the two neighboring countries as Tokyo blamed “weaknesses” in Seoul’s export control system for its latest restrictions in exports to Korea.South Korea ranked No. 17 among 200 countries surveyed in terms of the effectiveness of national strategic trade controls in a study by the Institute for Science and International Security, a nonprofit

Today
Foreign Policy
Cheong Wa Dae: Japan's arbitration process offer unacceptable

A couple of days ahead of the deadline set by Japan for South Korea to respond to its offer of a formal arbitration process over historical disputes, the office of President Moon Jae-in made clear Tuesday that it won't accept the call.Cheong Wa Dae’s stern stance came amid Tokyo‘s threat of additional trade measures against South Korean companies. It heralds a possible deepening of the rift between the neighboring countries.　"There’s no change in the government‘s pos

Jul 17, 2019
Foreign Policy
New top US diplomat for East Asia visits Seoul

David Stilwell, the new top US diplomat for East Asia policy, arrived in South Korea on Tuesday for talks with top Seoul officials over the bilateral alliance and ongoing diplomacy for North Korea‘s denuclearization.The three-day visit by the assistant secretary of state for East Asian and Pacific affairs came amid rising tensions between Seoul and Tokyo over the latter’s recent export restrictions, which are seen as a retaliatory step following last year‘s top court rulings he

Jul 17, 2019
Foreign Policy
[News Focus] Does Korea-Japan dispute put trilateral cooperation with US at risk?

The worsening diplomatic row between South Korea and Japan has raised concerns that it may threaten security cooperation among Seoul, Washington and Tokyo.On July 4, Japan raised the ante with economic retaliatory measures as tensions heightened over the use of forced labor by Japanese companies during the country’s 1910-45 colonization of the Korean Peninsula. Japan’s announcement of restrictions on exports of items used by South Korean chip and smartphone companies ignited an

Jul 17, 2019
Foreign Policy
[Newsmaker] Mitsubishi refuses to discuss compensation for wartime forced labor

The liquidation of Mitsubishi Heavy Industries’ Korean assets is likely to be expedited as it has refused to hold talks on compensation for victims of Japan’s wartime forced labor, according to sources Tuesday.A civic group working with the victims said that the Japanese firm had not responded to the victims’ request for discussions to follow up on the South Korean Supreme Court’s order that it compensate them by the Monday deadline. “Having lost the lawsuit, Mitsub

Jul 17, 2019
Foreign Policy
Vice minister stresses importance of Seoul-Tokyo relations for regional peace and prosperity

Vice Unification Minister Suh Ho emphasized the importance of bilateral relations between South Korea and Japan on Tuesday to ensure peace and prosperity in Northeast Asia, while expressing support for Tokyo's push for talks with North Korea. Suh made the remark at a forum in Tokyo that was held amid escalating tensions between the two neighbors after Japan's recent move to curb exports of its high-tech parts to South Korea, according to a text of his address provided by the ministry. "Rela

Jul 16, 2019
Foreign Policy
Vice unification minister to meet Japanese official amid trade dispute

Vice Unification Minister Suh Ho will meet with a Japanese official during his three-day trip to Tokyo this week, a ministry official said Tuesday, amid escalating tensions between the two countries over Japan's export restrictions. Suh left for Japan earlier in the day to give a keynote speech at a side event of the Korea Global Forum for Peace hosted by the unification ministry."A meeting with a Japanese government official is included (in his schedule)," a ministry official said. &q

Jul 16, 2019
Foreign Policy
Moon lambasts Japan over ‘unwise’ trade moves

Moon warns that Japan will sustain bigger damage

Jul 16, 2019
Foreign Policy
S. Korean, Israeli presidents agree to seek early FTA deal

The presidents of South Korea and Israel agreed Monday to push for an early deal in talks on a bilateral free trade agreement during a summit in Seoul.If the two sides forge an FTA, their economic cooperation in investment, services and other sectors will expand sharply, President Moon Jae-in said at the start of the Cheong Wa Dae summit with Israeli President Reuven Rivlin. "The two countries have great potential for the development of their relations, having a mutually supplementary econo

Jul 15, 2019
Foreign Policy
Vice unification minister seeking to meet Japanese official during Tokyo visit

Vice Unification Minister Suh Ho is seeking to meet a Japanese official during his three-day visit to Japan this week, his ministry said Monday, amid growing concerns over a trade row between the two countries.Suh is set to leave for Japan on Tuesday to give a keynote speech at a side event of the Korea Global Forum for Peace hosted by the unification ministry, it said. "(The government) is pushing to set a schedule for a meeting with a Japanese government official (during his visit),

Jul 15, 2019
Foreign Policy
S. Korea, Israel to hold summit on high-tech ties, regional security

The leaders of South Korea and Israel will hold bilateral talks in Seoul on Monday on cementing partnerships on regional security and advanced technologies, Cheong Wa Dae said.Israeli President Reuven Rivlin arrived in Seoul on Sunday for a five-day stay. President Moon Jae-in plans to greet him at Cheong Wa Dae for an hourlong summit that will be followed by a luncheon meeting, according to Moon's office.Agenda items include ways to strengthen cooperation in high-tech sectors, including s

Jul 15, 2019
Foreign Policy
S. Korea asks Japan to lift export curbs

South Korea has asked Japan to lift export curbs and expressed deep regret over the measure, officials from Seoul's trade ministry said Saturday.The demand was made during a working-level meeting between the two neighbors in Tokyo on Friday. The meeting, which ran for nearly six hours, was the first time the two sides had met since Japan implemented strict regulations on exports of the materials."We have expressed regret over Japan's measure and requested that Japan restore (its previous po

Jul 13, 2019
Foreign Policy
US did not request S. Korea troop deployment to Strait of Hormuz: official

A top South Korean presidential official said Friday that he did not receive any request from the United States to send troops to protect strategically vital waters off Iran.Kim Hyun-chong, deputy chief of Cheong Wa Dae’s National Security Office, was asked by reporters if he received such a request during his meeting earlier in the day with US Deputy National Security Adviser Charles Kupperman.“No, there was no such discussion,” Kim said, adding that he raised the issue of the

Jul 13, 2019
Foreign Policy
Foreign ministry official in Japan amid stepped-up efforts to reverse Tokyo's export restrictions

A foreign ministry official handling Asia-Pacific affairs is visiting Japan as Seoul steps up efforts to reverse Tokyo's recent export control measure through bilateral dialogue and US mediation.Kim Jung-han, a director-general at Seoul's foreign ministry, arrived in Japan on Thursday to attend a meeting of South Korean diplomatic mission chiefs in the city of Niigata the following day, but his visit raised the prospects of a possible meeting with Tokyo officials. On July 4, Japan enforced tough

Jul 12, 2019
Foreign Policy

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