SEOUL, Jul. 22 (Korea Bizwire) — Fast Retailing Co., which owns Japanese fashion brand Uniqlo, on Monday issued an apology for remarks by its executive that have drawn criticism from South Korean consumers amid ongoing trade friction between Tokyo and Seoul. On July 11, Takeshi Okazaki, CFO of the Tokyo-based fast fashion brand, said during [...]
SEOUL, Jul. 22 (Korea Bizwire) – The campaign to boycott Japanese products and services has spread to the movie industry. Japanese animations that were recently released or are about to be released have been hit directly by the boycott. “Butt Detective: The Movie”, which was released on July 11, is under attack on the comments [...]
SEOUL, Jul. 21 (Korea Bizwire) — South Korea will step up its efforts this week to fend off a move by Japan to impose additional trade restrictions against Seoul, according to government officials on Sunday, amid a growing trade dispute that could also disrupt global supplies of semiconductors and smartphones. Diplomatic and economic tensions are [...]
SEOUL, Jul. 19 (Korea Bizwire) — Amid a tentative truce in the U.S.-China trade war, another potentially calamitous conflict is looming between two other key players in the global economy and regional security — South Korea and Japan — with trade weaponized as well. Often prickly Seoul-Tokyo relations are at the worst level since the [...]
SEOUL, Jul. 19 (Korea Bizwire) — The sentiment of boycotting trips to Japan in response to the Japanese government’s retaliatory economic sanctions is growing in South Korea. With the popularity of Japan, the top tourist destination among South Koreans, fading, the possibility of a boost in domestic travel is also being discussed among industry watchers. [...]
SEOUL, Jul. 19 (Korea Bizwire) — Amid Japan’s recent trade offensive against South Korea and the ensuing boycott movement in the nation against Japanese products, Coupang Inc., a major e-commerce platform in the country, is suffering from accusations that it is a Japanese company. The accusers point to the fact that Masayoshi Son, a Korean [...]
SEOUL, Jul. 18 (Korea Bizwire) — Samsung Electronics Co. is exploring all possible means to secure stock piles of Japanese materials in preparation for Tokyo expanding its export restrictions, company sources said Thursday. The tech giant has sent letters to its local partners in the production of televisions, consumer electronics and smartphones, urging them to [...]
SEOUL, Jul. 18 (Korea Bizwire) — A peace park named after the late Kim Bok-dong, an iconic Korean victim of Japanese wartime sexual slavery, will be built in her hometown, officials said Thursday. The municipal council of Yangsan, a South Gyeongsang Province town about 420 kilometers southeast of Seoul, said it and 21 civic groups [...]
SEOUL, Jul. 18 (Korea Bizwire) — Despite the nationwide boycott of Japanese products, a boycott of Japanese medicines, which has been weak and ineffective, is actively taking place online. The boycott online is characterized by a new form of “not selling” boycotts by self-employed people beyond consumers’ “not buying.” In the midst of this, some [...]
SEOUL, Jul. 17 (Korea Bizwire) — Samsung Electronics Co. has begun testing etching gas critical for the production of semiconductors, a source familiar with the issue said Wednesday, as South Korea is struggling to cope with Japan’s export restrictions. Since July 4, Japan tightened regulations on exports to South Korea of resist, etching gas and [...]