South Korea will halt a World Trade Organization dispute process sparked by a complaint against Japan as the two countries discuss Japan’s export curbs on high-tech materials to South Korea, the two countries’ trade ministries said. | Reuters
SEOUL -South Korea will halt a World Trade Organization dispute process sparked by a complaint against Japan as the two countries discuss Japan’s export curbs on high-tech materials to South Korea, the two countries’ trade ministries said on Monday.
In July 2019, Japan imposed export curbs on materials used in smartphone displays and chips amid a decades-old row with Seoul about South Koreans who said they were forced to work under Japan’s 1910-1945 occupation of Korea.As South Korea has proposed its companies would compensate those people, both countries will quickly begin discussions to return export curbs to their pre-July 2019 state, the ministries said on Monday.
“The suspension of the WTO dispute resolution process is not really a withdrawal… but a pause,” said Kamchan Kang, director-general at Korea’s trade ministry. “If the issue does not progress well, the process may resume again.”
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