Ep.21 Korea-Japan Trade Disputes. How will it affect the global economy?
Date : 2019-08-14
Japan has enforced export regulations on South Korea in early July, and now, in less than a month later, Japan has stated that it will eliminate South Korea from its whitelist.
Trade disputes between both countries are in effect, but recently, the Japanese government has lifted its export ban on one core material for semiconductors. Pundits are saying that this could be a sign of thawing trade disputes between the two countries, or it could be a sign of a break before restrictions take place in full effect.
There is a possibility that the Japanese government could strengthen its export regulations. How will the trade disputes between South Korea and Japan unfold?
"The Chamber" takes a look at the effects the trade disputes have on the Korean economy and on the global economy with local and foreign economic experts. In addition, we will see what kind of realistic measures the Korean government will need to take to iron out the disputes.