World Ch. Schedule : WED 20:00 KST
* Date : 2019-10-10
Since Japan placed its export curbs on S. Korea, the bilateral trade rift is continuing for almost 100 days. South Korean boycotts of Japanese goods have resulted in Japan losing at least 290 million dollars worth of production inducement costs. However, the Abe administration is unfazed by the falling numbers. It is still standing by its claim that the South Korean Supreme Court’s ruling on forced labor issue has violated the 1965 Basic Relations agreement.
Tokyo has stressed its intention to take the matter to the International Court of Justice. For that, the contrast in how the two nations interpret the 1965 pact might be an essential factor to look into.
The trade rift seems to be reaching its end game, but there hasn’t been a clear breakthrough on the horizon. How should the two sides resolve the issue? We will take a deep dive into the matter with experts in and around the nation.