S.Korean political leaders vow to work together to resolve Japan dispute

South Korea's central bank lowers rate amid Japan trade row:The Asahi Shimbun

South Korea's central bank lowers rate amid Japan trade row:The Asahi Shimbun

It has enabled Seoul and Tokyo to share military intelligence regarding North Korea.

Seoul played up trade diplomacy in hopes to sway global support on its bid to overturn Tokyo's export controls that can impair manufacturing of high-tech exports crucial to Korean economy.

The rate cut, the first since June 2016, underscores the need to help the economy deal with a series of headwinds including a trade tussle between the United States and China, and more recently, its own feud with Japan over the latter's export restrictions. Tokyo has stressed that the controls were not retaliation over the forced-labor dispute. The Japanese government and companies have rejected the ruling, claiming that the 1965 treaty between the governments of Korea and Japan had settled the issue.

President Moon Jae-in has stressed unity and wisdom as South Korea seeks to reduce its trade dependence on Japan in the wake of Tokyo's new export restrictions.

The trade dispute is being noticed in Washington, where the U.S. House of Representatives has passed a resolution highlighting the importance of Japan-South Korea ties. "We would like to keep pressing South Korea to follow the procedure".

South Korea's five political parties have also made a decision to establish a pan-national "emergency cooperation" body, Yonhap reported Thursday.

Seeing Area 51 Memes Everywhere? The Truth About Them Is Out There
He says, "I just thought it would be amusing and get me some thumbsy uppies on the Internet". This is surprisingly low for an event for which over 1 million people may "attend".

Japanese Deputy Chief Cabinet Secretary Yasutoshi Nishimura said, "South Korea has until 12 o'clock midnight to accept arbitration, based on its obligation under the bilateral agreement".

KB Securities analyst Kim Dong-won warned there could be effects for other countries across the world. Korea accommodates the world's two largest memory chip makers of Samsung Electronics and SK hynix.

Last year, a Supreme Court of Seoul had ordered two Tokyo's firms to compensate the wartime labourers in a verdict that Japan believed breached global law.

Korea and Japan's historical tensions are rooted in a decades-old wartime disagreement.

Japan's policy to delay the export of key chemicals to South Korea is created to exclusively punish Korean companies. Japan has denied that the two developments are linked. On one hand, the Korean people are justified as Japan's treatment to them during colonization can be characterized as brutal.

South Korea is also bracing for the possibility that Japan will take further steps by removing it from a 27-country "whitelist" receiving preferential treatment in trade. Apologies must be given, and the countries must be able to work together for their futures, especially with China close to both countries' shores.

Recommended News

  • 'It: Chapter Two' Final Trailer Goes Wide After ScareDiego Debut

    'It: Chapter Two' Final Trailer Goes Wide After ScareDiego Debut

    Andy Muschietti is back to direct the sequel, which follows up the blockbuster success of the 2017 version. It: Chapter Two opens in theaters on September 6.
    AD ASTRA Official Trailer #2 (2019), Brad Pitt, Sci Fi Movie

    AD ASTRA Official Trailer #2 (2019), Brad Pitt, Sci Fi Movie

    Disney's 20th Century Fox has revealed the new Ad Astra trailer, previewing the film opening in theaters on September 20, 2019 . Ad Astra has Brad Pitt playing an astronaut and he chose this profession to be like his father, who is now supposedly dead.
    Luigi's Mansion 3 gets a Spooky Release Date

    Luigi's Mansion 3 gets a Spooky Release Date

    The good news is Nintendo has already revealed all of this information, and we'll break it all down for you in the article below. Over the weekend, a notice from Amazon Mexico was reportedly sent out stating the game would start shipping on October 4.
  • Viagogo suspended from advertising on Google

    Viagogo suspended from advertising on Google

    The CMA launched legal action against Viagogo in August past year over worries that it could be breaking consumer-protection law. Industry body UK Music has been among the organisations encouraging Google to take this step for some time.
    Royal Caribbean cancels stop in Puerto Rico due to protests

    Royal Caribbean cancels stop in Puerto Rico due to protests

    Late Monday Rossello released a statement saying he respected the demonstrators but did not address the calls for his resignation. The company's corporate communications manager, Owen Torres, announced the decision Tuesday on the company blog.
    Galaxy Note 10 will be powered by new Exynos, same Snapdragon SoC

    Galaxy Note 10 will be powered by new Exynos, same Snapdragon SoC

    The leak suggests that the Galaxy A10s will feature a thickness of 7.8mm, which is marginally thinner than the outgoing model. According to a Samsung insider known as the Ice Universe , the company's latest offering beats Qualcomm Snapdragon 855.
  • Emotional and proud, Clarke welcomes Open back to Portrush

    Emotional and proud, Clarke welcomes Open back to Portrush

    Woods celebrated by holding out both arms to receive the applause of the crowd, then licked his index finger and raised his arm. The cold breeze off the Atlantic can do damage to Woods' sore back, which he's been fighting throughout the season.
    British Open: Rory McIlroy begins with disastrous quadruple-bogey 8

    British Open: Rory McIlroy begins with disastrous quadruple-bogey 8

    Inside the entrance to Rathmore Golf Club, just past a sign offering umbrellas for sale on a rainy day, sits a replica of the U.S. It's certainly its most historic, and it brings out the greatest in all those who would dream of hoisting the Claret Jug.
    'Pulp Fiction in space' - Tarantino talks Star Trek

    'Pulp Fiction in space' - Tarantino talks Star Trek

    Remember his "Vega Brothers" movie, belatedly uniting John Travolta's Vincent, from Pulp Fiction , with Michael Madsen's Vic/Mr. If that sounds like going too far, he cited a certain recent hit that could inspire him to go beyond a PG or even a PG-13.
  • Will Instagram soon hide likes, video views?

    Will Instagram soon hide likes, video views?

    The change comes amid growing concern about the impact of social media on users' mental health, especially young people. People can choose to make a restricted person's comments visible to others by approving their comments.
    GEAR OF WAR 5's Multiplayer Test Is Now Available For Pre-load!

    GEAR OF WAR 5's Multiplayer Test Is Now Available For Pre-load!

    As with the full version of the game, the Gears 5 multiplayer technical test will be available on both Xbox One and PC. You can also earn three versus weapon skins for beating "some additional challenges", though they were not described.
    Massive Real Madrid star close to joining Arsenal…but…

    Massive Real Madrid star close to joining Arsenal…but…

    The talks are advanced, the terms of the deal have been agreed, and all that is missing is the final OK from Real Madrid . Arsenal are hoping to close the Spaniard's arrival this week.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.