World Ch. Schedule : WED 20:00 KST
* Date : 2021-06-23
It’s been over two years since Japan has implemented trade restrictions on S. Korea. The measure, put in place to regulate the exports of materials crucial in manufacturing semiconductors and display, comes as a retaliation against a S. Korean court ruling that ordered Japanese companies to compensate its wartime forced labor victims in July 2019. What have S. Korea and Japan gained and lost since the trade curb? The trade dispute has resulted in a nationwide boycott of Japanese goods across S. Korea and a diplomatic spat derived from various incidents and issues between Seoul and Tokyo. The relationship between a once a close neighbor has rapidly exacerbated amid the leaderships’ failure to suggest a breakthrough to the frosty ties. Meanwhile, S. Korea found a few silver linings amid the cloudy development. The trade curb has led to the expansion of domestic manufacturing capabilities of the parts and materials that local firms had once heavily depended on Japanese suppliers. We bring in experts to analyze S. Korea and Japan’s gains and losses inflicted by the export curb and project the future of the bilateral relations.
- Lee Hee-eun