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U.S. officials share concern about Seoul-Tokyo tensions: NSC official

U.S. officials share concern about Seoul-Tokyo tensions: NSC official

U.S. officials have expressed concern that tensions between South Korea and Japan over Tokyo’s export restrictions against Seoul are not conducive to trilateral cooperation between the three countries, Seoul’s deputy national security adviser said Saturday. Kim Hyun-chong, deputy chief of Cheong Wa Dae’s National Security Office, made the remark to reporters as he wrapped up […]

S. Korea embraces deepening trade row as Japan considers additional measures

S. Korea embraces deepening trade row as Japan considers additional measures

Trade tensions between South Korea and Japan are escalating as Tokyo seems to be preparing to expand the scope of its export controls beyond high-tech materials to a wide spectrum of areas, which could disrupt the global supply chain, industry watchers said Monday. Japan began applying stricter export rules on South Korea for three key […]

Seoul seeks US backing over trade war

Seoul seeks US backing over trade war

Calls are growing for the United States to intervene in the deepening trade friction between South Korea and Japan after Japan’s Prime Minister Shinzo Abe imposed new restrictions on exports that could hurt South Korea’s tech industry. Thoughts are that if tensions continue to escalate, cooperation outside bilateral economic relations such as coordinating “in efforts […]

Japan rejects S. Korea’s offer to hold talks to resolve export curbs

Japan rejects S. Korea’s offer to hold talks to resolve export curbs

Japan on Tuesday rejected South Korea’s call for negotiations to resolve a row over Tokyo’s export restrictions against the South, saying it has no intention of lifting the curbs and the issue is not a matter of talks. Trade Minister Hiroshige Seko made the remark after a Cabinet meeting, a day after South Korean President […]

Mounded Tombs of Ancient Japan added to World Heritage list

Mounded Tombs of Ancient Japan added to World Heritage list

Two tumulus clusters in western Japan that represent an outstanding type of ancient East Asian burial mound construction and the hierarchy of society at the time have been added to the World Heritage list. Located on a plateau above the Osaka Plain, the site, called Mozu-Furuichi tumulus clusters, includes 49 kofun (old mounds in Japanese) […]

Japan, Singapore and South Korea lead world’s passport power

Japan, Singapore and South Korea lead world’s passport power

Japan, Singapore and South Korea have confirmed Asia’s leadership in the world’s passport power, topping the latest list compiled by the Swiss consulting company Henley & Partners. According to the Henley Passport Index at the beginning of the third quarter of 2019, Japan and Singapore held the top spot as their citizens can visit 189 […]

S. Korea warns of ‘corresponding measures’ against Japan’s export curbs

S. Korea warns of ‘corresponding measures’ against Japan’s export curbs

South Korea’s finance minister warned Thursday of “corresponding measures” against Japan’s move restricting key supplies for the nation’s semiconductor and display industries, in a major escalation of a long-simmering row over compensation for wartime forced labor. The diplomatic conflict between South Korea and Japan, which have close economic ties despite strains over history and territory, […]

S. Korea calls Japan’s export restrictions economic retaliation

S. Korea calls Japan’s export restrictions economic retaliation

South Korea’s finance minister on Thursday pressed Japan to withdraw its export restrictions, denouncing them as an economic retaliation. Hong Nam-ki, the minister of economy and finance, said South Korea will decide when to file a complaint with the World Trade Organization over Japan’s decision as soon as an internal review is over. “We believe […]

G20 Osaka summit could be game changer if China, Japan explore BRI possibilities

G20 Osaka summit could be game changer if China, Japan explore BRI possibilities

It seems the days when Japanese brands were hotly favored in the Chinese market are gone. However, tangible signs still exist of strong trade and investment ties between the two East Asian economies. Beliefs are also firmly held that wide-ranging China-Japan cooperation, especially the bonds between the two nations concerning the exploration of business opportunities […]

Open cooperation, joint development remain a thoroughfare

Open cooperation, joint development remain a thoroughfare

The World Bank’s global growth forecast for 2019 stood at 2.6 percent, the lowest in the recent three years, while the global trade growth this year was also revised down to 2.6 percent, the weakest since the global financial crisis 11 years ago. The trade friction unilaterally provoked by the US is widely believed by […]

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