Name: Why Japan and South Korea are locked in a trade dispute | FT
Uploaded: 2020-04-04T08:06:48.000Z
Duration: 2 min 19 s
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The world has been fixated on Donald Trump's tariffs

on China, but a new trade war is emerging

in Asia, this time between Japan and South Korea.

What started as a historical dispute over forced labour

during Japan's wartime rule on the Korean peninsula has

swiftly turned into a major economic and political crisis

Tokyo believes that compensation for wartime forced labour was

But South Korean courts have allowed individual claims

Blaming a loss of trust and security issues,

Shinzo Abe's government has turned to export controls,

threatening to disrupt supplies of key technologies

to pressure South Korean president Moon Jae-in.

South Koreans are outraged, boycotting Japanese-made goods.

have died after setting themselves on fire in protest.

worried that Mr Abe is following the Trump

South Korea's tech giants, including the world's two

biggest makers of memory chips, Samsung and SK Hynix,

are urgently looking for replacement sources

for some of the key materials and components

Any long-term disruptions to the South Korean companies

will cause serious headaches across the global technology

There are also fears that the dispute will

drive a lasting wedge between these key US allies

in Asia, just as Washington needs their co-operation

and the rising threats posed by China and Russia.

Subtitles ListPlay Video

Why Japan and South Korea are locked in a trade dispute | FT

individual

term

crisis

extreme