SEOUL, Aug. 2 (Korea Bizwire) — South Korean citizens and civic groups on Friday condemned Japan’s decision to remove their country of a list of trusted trading partners, calling on the Korean government to take an active step to tackle the trade row. Earlier in the day, Japan’s Cabinet approved a proposal to strip South [...]
SEOUL, Aug. 2 (Korea Bizwire) — The number of passengers who used South Korea’s Incheon International Airport to visit Japan sharply decreased late last month, its operator said Friday, as an anti-Japan boycott campaign spreads fast amid a trade and history row. Japan imposed tighter controls on high-tech exports to South Korea on July 4 [...]
SEOUL, Aug. 2 (Korea Bizwire) — Japan’s expanded export curbs appear to target key pillars and future growth drivers of the South Korean economy, but its move could create mutually damaging situations for the closely intertwined Asian economies, depending on the scope of the measures, industry watchers say. The Japanese government passed a bill Friday [...]
SEOUL, Aug. 2 (Korea Bizwire) — Despite what Japan cites as reasons for its curbs on exports to South Korea, the country may have hidden motives that include an attempt to evade responsibility for its past wrongdoings, officials here say. On July 4, Tokyo implemented tougher restrictions on South Korea-bound shipments of three materials — [...]
SEOUL, Aug. 2 (Korea Bizwire) — Calls for a boycott of Japan-made goods in South Korea are expected to come to a boil as Tokyo went ahead with its threat to widen controls over exports of materials by removing Seoul from a list of trusted trade partners despite repeated calls to scrap the move. A [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea and Japan decided Friday to delist each other as trusted trading partners, sending their trade and diplomatic row spiraling into an economic war, after Tokyo rejected Seoul’s repeated appeals for a negotiated resolution. Japan first removed South Korea from its whitelist of reliable countries earlier in the [...]
SEOUL, Jul. 31 (Korea Bizwire) — South Koreans’ Japan-bound travel looks set to slip further as there are no signs of the trade tensions between the two neighbors abating. On July 4, Japan tightened controls on exports of three high-tech materials to South Korea, in apparent retaliation against a series of court rulings here that [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korean airlines have suspended services or plan to reduce the number of flights on some Japanese routes as outbound travel demand falls amid escalating trade tensions with the neighboring country. On Tuesday, Asiana Airlines Inc. said it will reduce the number of flights on the routes to Japanese [...]
SEOUL, Jul. 29 (Korea Bizwire) — Korean Air Lines Co., South Korea’s top carrier, said Monday it will suspend its Busan-Sapporo route from September as travel demand to Japan declines amid escalating trade tension between the two nations. Korean Air plans to cease its three regular weekly flights between the Korean southern port city and [...]
SEOUL, Jul. 29 (Korea Bizwire) — South Korea’s financial watchdog said Monday that there will be limited impact if Japanese savings banks operating here scale back their exposure amid an escalating trade row between the two nations. The value of outstanding loans extended by four Japanese savings banks in South Korea, including SBI Savings Bank [...]