South Korea and Japan Cool Their Trade Spat in the Name of Security

Nov 22, 2019 | 21:34 GMT


Just in the nick of time, South Korea has saved a bilateral intelligence-sharing pact with Japan. On Nov. 22, Seoul decided to provisionally extend the pact -- mere hours before it expired -- that it had planned to exit in retaliation for export restrictions that Tokyo imposed in response to Seoul's demands for greater compensation for the Korean wartime victims of imperial Japan. In addition, Seoul announced that it would pause its related challenge against Japan at the World Trade Organization. But even if the two have managed to halt the escalation in their miniature trade war, Seoul and Tokyo still have much work to do to truly bury the hatchet....