South Korea has not placed Japan on a white-list of trade friendly countries.
The government plans to analyze how Japanese firms will be impacted by South Korea’s decision to remove Japan from its list of countries receiving preferential trade status. At this point, the dominant view is that the impact will be minimal because most sensitive materials can be imported from places other than South Korea, according to a person related to the government.
Economy, Trade and Industry Minister Hiroshige Seko criticized the South Korean decision in a Twitter post on Tuesday, saying, “Even after seeing a press conference of the South Korean side, it remains completely unclear on which grounds they can say Japan’s import and export control systems do not meet basic principles.”
State Minister for Foreign Affairs Masahisa Sato also said on Twitter Monday that he would confirm in detail the reasons behind So