South Korea will reopen its complaint at the World Trade Organization over Japan's tightened export controls, as the latter has not shown willingness to settle the trade dispute.
South Korea gave Japan until the end of May to withdraw export controls, but the latter kept mum.
Japan tightened exports to South Korea of three essential materials for the latter's chip and display-panel industries while also removing South Korea from its list of trusted trade partners.
In taking the dispute to the WTO, South Korea argued that the measures Japan was implementing were in retaliation for court decisions ordering it to compensate Koreans forced to work in Japanese factories during the 1910-1945 colonial rule.
Japan's Foreign Minister Toshimitsu Motegi said they have been continuing discussions with South Korea on the matter, saying and that its neighbor's unilateral decision to make such an announcement is regrettable."
Motegi reiterated that South Korea should improve its export controls for Japan to ease its measures.


Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
European Stocks Rise as Markets Await Key U.S. Inflation Data
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease
IMF Deputy Dan Katz Visits China as Key Economic Review Nears




