03:14 GMT +323 October 2019
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    A woman walks past an advertisement featuring Japanese and South Korean flags at a shop in Shin Okubo area in Tokyo Friday, Aug. 2, 2019

    South Korea Excludes Japan From its Trade White List - Ministry

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    Earlier this week, Yonhap news agency reported that South Korea would probably announce its intention to officially exclude Japan from its so-called "white list" of trusted export destinations.

    South Korea has excluded Japan from its "white list" of export destinations, a statement by South Korea's Ministry of Trade, Industry and Energy said.

    "The Ministry of Trade, Industry and Energy has published the revision of the nation’s trade controls on strategic items in an official gazette and it took effect from Wednesday," the ministry's spokesperson said in a statement, according to the Korea Herald.

    In July, Japan introduced restrictions on exports of some high-tech materials to South Korea needed by tech companies to produce semiconductors and displays. Seoul filed a complaint against Tokyo at the World Trade Organisation over export restrictions. The following month Tokyo removed Seoul from its list of preferred trading partners. 

    This came after a court ruled that Japanese companies must pay reparations to Korean workers who were forced to work for the Japanese during WW II. Japan says that the bilateral treaty signed in 1965 fully resolved the matter. 

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    trade dispute, Japan, South Korea
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