Asia Business Channel

Japan and South Korea hold trade talks and discuss resolving their disputes

Lee Ho-hyeon (left) greets Yoichi Iida (right) before a director-general level meeting at the trade ministry in Tokyo to discuss trade and disputes between South Korea and Japan

 

Senior officials from Japan and South Korea held talks Monday (Dec 16) on high-tech exports for the first time since Tokyo tightened controls on South Korean semiconductor parts earlier this year.

The high-level, director-general meeting took place in Tokyo between Yoichi Iida of Japan's Trade Control Department and his South Korean counterpart, Lee Ho-hyeon. The two officials shook hands at the beginning of the talks, though they made no opening remarks to the media.

In July, Japan placed tightened trade controls on South Korea materials used in smartphones, television screens and other high-tech products, citing national security concerns. Japan also downgraded South Korea a month later from a list of preferential trade partners.

South Korea has demanded Japan reverse the measures, saying Tokyo has weaponized export controls in retaliation for South Korean court rulings demanding Japanese companies pay compensation to former Korean laborers over their treatment during Japan's 1910-1945 colonial rule of the Korean Peninsula. Japan has pressured South Korea to stick with a 1965 agreement that resolved their dispute over wartime Korean laborers, and has criticized the South Korean court decisions a violation to international law.

Japan's trade curbs against South Korea have led to subsequent retaliatory measures that spilled into the area of national security, with Seoul threatening to abandon a key military intelligence sharing pact with Tokyo. The pact was saved just hours before its expiration in November, following Washington's repeated pressure on both countries, and with Tokyo agreeing to resume export control talks requested by Seoul.

Monday's talks come one week before a planned summit between China, Japan and South Korea.

Japanese and South Korean foreign ministers, Toshimitsu Motegi and Kan Geun-wha, both attending the Asia-Europe Meeting in Madrid, Spain, talked briefly and welcomed their trade officials’ meeting in Tokyo, Japanese officials said. The two sides also agreed to cooperate closely on threats from North Korea and to achieve next week's summit.

Chief Cabinet Secretary Yoshihide Suga said that Japan's export control measures are part of the country's international responsibility and that "they are not something that we decide by negotiating with a trade partner."

"Our policy has been consistent and there is no change to our position," Suga said, referring to Japan's position on the wartime compensation issue. "We urge South Korea to act wisely.”

South Korean national assembly speaker Moon Hee-san is seeking to set up a compensation fund for the Korean wartime laborers with an option that allows Japanese companies to chip in donations as a compromise.

 

 

 

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