Japan and South Korea Brace for a Prolonged Trade Battle

Nov 25, 2019 | 09:15 GMT
South Koreans participate in a rally to denounce Japan's new trade restrictions and Japanese Prime Minister Shinzo Abe on Aug. 24, 2019, in Seoul. The bilateral relationship between Japan and South Korea has worsened recently amid escalating trade tensions.

Protesters rally against Japan's new trade restrictions in Seoul on Aug. 24, 2019. Tokyo's move to limit key chemical exports to tech companies has sparked ongoing boycotts of Japanese products in South Korea.

(CHUNG SUNG-JUN/Getty Images)

Both Tokyo and Seoul will be reticent to ease their trade spat until the economic toll outweighs the political risk of conceding. But for South Korea, that reckoning will come sooner due to its semiconductor sector's reliance on Japanese exports....

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