South Korea

S. Korea’s Moon calls for talks to end trade row with Japan

SEOUL, South Korea (AP) — South Korean President Moon Jae-in offered an olive branch to Japan to end an ongoing trade dispute Thursday, saying Seoul will “gladly join hands” if Tokyo wants to talk.

Moon in a nationally televised speech also downplayed the threat posed by North Korea’s recent short-range ballistic launches and expressed hope that Washington and Pyongyang would soon resume nuclear negotiations.

South Korea to drop Japan's trade status in tit-for-tat move

12 August 2019; DW: South Korea has said it will withdraw Japan from its fast-track trade list. The announcement comes after Japan placed export restrictions on South Korea.

South Korea's Trade Ministry said on Monday that from September it will remove Japan from its list of countries receiving preferential treatment in trade. 

The move deepens an ongoing trade rift between the countries.

Seoul to strip Tokyo’s trusted trade status in tit-for-tat measure

SEJONG, Aug. 12 (NNN-Yonhap) — South Korea on Monday decided to remove Japan from its trusted trading partners, upping the ante in the trade haggling sparked by the neighboring country’s export restrictions against Seoul.

The trade ministry said it will revamp its export list into three groups of trading partners from the current two, placing Tokyo in the newly established bracket, according to the Ministry of Trade, Industry and Energy.

North Korea boosts Kim’s rising status as global statesman

SEOUL, South Korea (AP) — There’s no question that North Korean leader Kim Jong Un is in full control of his nation. But a recent change to the way he’s being formally described in the North Korean Constitution may allow him even more diplomatic leverage as he steps with increasing confidence onto the world stage for negotiations over his powerful weapons program.

N. Korea says Kim supervised weapons tests, criticizes Seoul

SEOUL, South Korea (AP) — North Korea said Sunday leader Kim Jong Un supervised test-firings of an unspecified new weapons system, which extended a streak of launches that are seen as an attempt to build leverage ahead of negotiations with the United States while driving a wedge between Washington and Seoul.

NKorea fires 2 missiles into sea in likely protest of drills

SEOUL, South Korea (AP) — North Korea on Saturday extended a recent streak of weapons display by firing what appeared to be two short-range ballistic missiles into the sea, according to South Korea’s military.

Its fifth round of launches in less than three weeks was likely another protest at the slow pace of nuclear negotiations with the United States and continuance of U.S.-South Korea joint military exercises the North says are aimed at a northward invasion.

Kim says North Korean launches were warning to US, South

SEOUL, South Korea (AP) — North Korea said Wednesday leader Kim Jong Un supervised a live-fire demonstration of newly developed, short-range ballistic missiles intended to send a warning to the United States and South Korea over their joint military exercises.

The official Korean Central News Agency said two missiles launched from a western airfield flew across the country and over the area surrounding the capital, Pyongyang, before accurately hitting an island target off its eastern coast.

North Korea fires more weapons, denounces US military drills

SEOUL, South Korea (AP) — North Korea continued to ramp up its weapons demonstrations by firing two presumed short-range ballistic missiles into the sea Tuesday while lashing out at the United States and South Korea for continuing military exercises that the North says could derail fragile nuclear diplomacy.

South Korea to boost R&D spending to reduce Japan reliance

SEOUL, South Korea (AP) — South Korea said Monday it plans to spend 7.8 trillion won ($6.5 billion) over the next seven years to develop technologies for industrial materials and parts as it moves to reduce its dependence on Japan during an escalating trade row.

Trade Minister Sung Yun-mo said the Seoul government will also financially support South Korean companies in mergers and acquisitions of foreign companies and expand tax benefits to lure more international investment, while easing labor and environmental regulations so that local companies could boost their production.

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