S. Korea, Japan in Talks on Lifting of Export Curbs: Industry Chief | Be Korea-savvy

S. Korea, Japan in Talks on Lifting of Export Curbs: Industry Chief


On the morning of March 6th, a day after the government's official announcement of the "third-party reparations" solution for Japanese forced labor disputes, members of the Joint Action for Historical Justice and Peaceful Relations between Korea and Japan staged an emergency protest in front of the Ministry of Foreign Affairs in Jongno-gu, Seoul. Protesters labeled the government's solution for forced mobilization as "a complete victory for the Japanese government, which pays war criminal companies a penny, and the worst diplomatic disaster." They demanded the "withdrawal of the anti-human rights, anti-constitutional, and anti-historical forced mobilization humiliation solution." (Image courtesy of Yonhap)

On the morning of March 6th, a day after the government’s official announcement of the “third-party reparations” solution for Japanese forced labor disputes, members of the Joint Action for Historical Justice and Peaceful Relations between Korea and Japan staged an emergency protest in front of the Ministry of Foreign Affairs in Jongno-gu, Seoul.
Protesters labeled the government’s solution for forced mobilization as “a complete victory for the Japanese government, which pays war criminal companies a penny, and the worst diplomatic disaster.” They demanded the “withdrawal of the anti-human rights, anti-constitutional, and anti-historical forced mobilization humiliation solution.” (Image courtesy of Yonhap)

SEOUL, March 6 (Korea Bizwire) –South Korea and Japan have been in talks on the potential lifting of Japan’s yearslong restrictions on exports of key industry materials to South Korea as they have worked to resolve the issue of compensating victims of Japan’s wartime forced labor, Seoul’s industry chief said Monday.

In 2019, Tokyo imposed export controls on three major industrial materials to Seoul, which are essential for chips and displays, and officially removed South Korea from its list of nations given preferential treatment in trade in apparent retaliation for the South Korean Supreme Court’s ruling the previous year that ordered Japanese companies to pay compensation to Korean forced labor victims.

In response to the export controls, South Korea filed a complaint with the World Trade Organization (WTO) over the trade dispute, claiming it is a discriminatory act that violates WTO rules.

“There will be discussions naturally on how to address the export controls and related issues over the course of resolving the forced labor matter,” Minister Lee Chang-yang told reporters.

“Japan’s restrictions, the WTO complaint and other matters will be on the table. … Chances of industry cooperation between the two sides are expected to grow down the road,” he said.

His comments came just after the South Korean government announced a plan to create a foundation in charge of collecting public donations and compensating victims of Japan’s forced labor during its 1910-45 colonial rule of Korea in an effort to resolve the long-running feud between the two neighbors and to improve frayed ties.

The government announced a plan for "third-party reparations" on Monday (March 6th), intending to offer compensation to victims of forced labor through Japanese companies. In this picture captured on May 31st, 2012, representatives of the Japan Victims' Association and the Citizens' Group with Grandmothers of Work Psychiatric Institutions hold a press conference at the National Assembly Main Building, where they criticize the government's attitude towards the Supreme Court's ruling on the validity of the Japan-Korea Claims Settlement Agreement. (Image courtesy of Yonhap)

The government announced a plan for “third-party reparations” on Monday (March 6th), intending to offer compensation to victims of forced labor through Japanese companies.
In this picture captured on May 31st, 2012, representatives of the Japan Victims’ Association and the Citizens’ Group with Grandmothers of Work Psychiatric Institutions hold a press conference at the National Assembly Main Building, where they criticize the government’s attitude towards the Supreme Court’s ruling on the validity of the Japan-Korea Claims Settlement Agreement. (Image courtesy of Yonhap)

(Yonhap)

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