President Moon Jae-in has again demanded Japan to withdraw its retaliatory trade restrictions against South Korea, and to "end a game that has no winners."
The president made the remarks on Thursday as he chaired his third National Economic Advisory Council meeting to seek advice on countering Tokyo's actions.
The Chief of Staff for Policy Kim Sang-jo and Finance Minister Hong Nam-ki joined the president, along with other related government officials and experts in the field.
President Moon said, Japan's measures also hurt its own companies and disrupt the world's free trade order.
Saying how Tokyo's retaliation against South Korea's Supreme Court wartime forced labor ruling violates a fundamental principle of democracy, he added it's important to enhance local firms' competitiveness to overcome current difficulties.