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.