politics

S Korea, Japan to hold talks over trade dispute on Friday

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Nothing will come out of it, the WTO trial will proceed and find Japan at fault for violating the well-established WTO rule against any form of export control except in case of wars, and Korea gets to slap retaliatory tariffs on billions of dollars worth of Japanese imports.

But by then, Korea would have removed all Japanese material from its semiconductor manufacturing by then, and most Japanese material suppliers would be severely hit well before the WTO ruling because there are few places on earth to sell those materials in the first place.

-22 ( +3 / -25 )

In addition to reviewing the export controls, Japan removed South Korea on Aug 28 from its "white list" of trusted trade partners that enjoy minimum trade restrictions on goods such as electronic components that can be diverted for military use.

In response, South Korea deleted Japan from its equivalent list on Sept 18.

This hurts SK a hell of a lot more than Japan, as SK manufactuers need those materials a hell of a lot more than the Japanese need what SK is exporting!

It was a pure "tit-for-tat" political response!

15 ( +20 / -5 )

@Yubaru

This hurts SK a hell of a lot more than Japan

Actually the trade war hit Japan 9 times harder than Korea.

-22 ( +3 / -25 )

After all this time, South Korea finally acts like grown adults and seeks talks on neutral ground. Why didn't they do this long before, instead of ignoring Japan's repeated requests for clarification on violations of export controls?

What a farce

19 ( +23 / -4 )

Nothing will come out of it, the WTO trial will proceed and find Japan at fault for violating the well-established WTO rule against any form of export control except in case of wars, and Korea gets to slap retaliatory tariffs on billions of dollars worth of Japanese imports.

Or maybe, the opposite of that will happen.

Not sure why you feel the need to theorize - no theorization is necessary, we'll all see the outcome soon enough.

16 ( +19 / -3 )

After all this time, South Korea finally acts like grown adults and seeks talks on neutral ground. Why didn't they do this long before, instead of ignoring Japan's repeated requests for clarification on violations of export controls?

The answer is here:

The talks are part of a dispute settlement process stipulated in WTO rules. If the talks fail to resolve differences, South Korea would likely ask the WTO to set up a dispute settlement panel, which would function as a lower court.

These talks are mandated as part of the process. Both countries agreed to WTO mediation, and therefore both countries have sought talks on neutral ground.

This is the right way to move forward.

17 ( +19 / -2 )

Tokyo has dismissed such a view, saying the trade measure is not linked to the dispute over wartime labor.

Sure. Totally believable.

-17 ( +3 / -20 )

This is gonna hurt Japan 900000x more lol

-6 ( +4 / -10 )

Nothing will come out of it, the WTO trial will proceed and find Japan at fault for violating the well-established WTO rule against any form of export control except in case of wars

Stupidly repeated phrase. In such case, all other countries which have been in the lower category until recently could've started filing WTO on unfair treatments

8 ( +9 / -1 )

South Korea has come crawling back! LOL! This has badly hurt SK economy, which is at risk of Great Depression. Meanwhile Japans economy is continuing to power ahead and grow. SK shouldnt expect to be put back on the White List of elite nations, either.

Message for SK going forward : Dont start trade wars with Japan, you have no hope of winning.

8 ( +11 / -3 )

@Samit, sorry buddy, but this time again I have to side with Yabaru on this topic. This is rare even for me to agree not once but twice and in sequence. Unless you are heavily invested in SK then yes but that does not apply to all Japan just a selected few. Overall it SK is the one hurting not Japan. Besides I don't see all the yack by SK as they started this and even according to Moon they don't need Japan.

8 ( +9 / -1 )

PLs make these talks fair.

-3 ( +1 / -4 )

Samit BasuToday  07:05 am JST

Nothing will come out of it, the WTO trial will proceed and find Japan at fault for violating the well-established WTO rule against any form of export control except in case of wars, and Korea gets to slap retaliatory tariffs on billions of dollars worth of Japanese imports.

It's not an export control. Why is it so hard for you to understand?

South Korea was given "ease of export" over and above what they deserved. That is the benefit of being a "white list" nation... you don't have to go through the NORMAL export prcedures. They call it fast-tracking.

This "export control" as you wrongly lable it, is putting exports to South Korea back to the NORMAL procedure required. Something which all other Asian nations must adhere to and are fine with it.

But by then, Korea would have removed all Japanese material from its semiconductor manufacturing by then, and most Japanese material suppliers would be severely hit well before the WTO ruling because there are few places on earth to sell those materials in the first place.

Nice hypothesis. Why didn't South Korea do this in the first place and stop Japan having such huge, all-encompassing control over their memory chip, display and semicinductor industries?

Answer: They need Japan's quality materials to make quality components. They can't just get those materials from anywhere (say Big Daddy China) and still be able to produce components at a high standard.

South Korea needs Japan so much that they forgot how to maintain good relationships, ie: they got cocky.

They have only themselves to blame.

11 ( +13 / -2 )

Micron tech will replace Samsung n kimsung will supply Chinese market so sk is still the looser

5 ( +7 / -2 )

But by then, Korea would have removed all Japanese material from its semiconductor manufacturing by then, and most Japanese material suppliers would be severely hit well before the WTO ruling because there are few places on earth to sell those materials in the first place.

Sure... If that's the case, there wouldn't be any point in South Korea negotiating now would there...

Tokyo has dismissed such a view, saying the trade measure is not linked to the dispute over wartime labor.

Sure. Totally believable.

About as believable as South Korea dropping GSOMIA not being linked to the trade dispute.

7 ( +8 / -1 )

A waste of time.

2 ( +4 / -2 )

But by then, Korea would have removed all Japanese material from its semiconductor manufacturing by then, and most Japanese material suppliers would be severely hit well before the WTO ruling because there are few places on earth to sell those materials in the first place.

GOOD for YOU!!. You will be doing things just fine and only Japan suffers. Right? If that makes you feel happy, let things be. Now Let's go on separated ways. Why bother? As much as you don't need Japanese materials, Japan doesn't need made in Korea and you know what? Japan pretty much fed up with all the narratives painted and fabricated with lies and lies.

4 ( +4 / -0 )

I seriously hope SK came to their senses this time around. There's nothing wrong with relying to someone else for materials for your own industry. What is wrong is bringing up, continuously, age old complaints, most of which have already been paid for and done.

3 ( +4 / -1 )

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