South Korea has said it will take Japan off its favoured trade partners’ list.
The move is a tit-for-tat response toJapan’s decision earlier this month to do the same to South Korea.
Industry Minister Sung Yun-mo said Japan would be placed on a newly created restrictive trade list instead.
Long-running bilateral tensions were inflamed last year by South Korean court rulings ordering Japanese firms to pay compensation to Koreans over forced labour during World War Two.
The legal decisions drew condemnation from Japan, which argues the dispute was settled in 1965 when diplomatic ties were normalised between the neighbouring countries.
The two nations share a complicated history that includes Japanese colonial rule of Korea from 1910 until the defeat of Japan in 1945.
The trade spat, which includes curbs on tech supplies, has sparked fears over risks to…
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