South Korea and Japan resolve trade dispute through diplomatic efforts.

1 min read
Source: Reuters.com
South Korea and Japan resolve trade dispute through diplomatic efforts.
Photo: Reuters.com
TL;DR Summary

Japan and South Korea have agreed to end their four-year-old trade dispute over high-tech materials, indicating their willingness to rebuild their relationship and work together against growing security threats, particularly from North Korea. Japan will lift its export restrictions on critical materials for smartphone displays and chips, while South Korea will withdraw its World Trade Organization complaint against Tokyo. The two countries are also expected to revive "shuttle diplomacy" of regular visits between their leaders. However, Japan remains cautious about immediate improvements in relations, and South Korean President Yoon Suk Yeol faces scepticism at home.

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