World

South Korea restores Japan to trade white list amid warming ties

April 25, 2023 6:13 am

[Source: Aljazeera News]

South Korea has formally restored Japan to its list of countries it gives preferential treatment in trade.

This after three years after the neighbours downgraded each other’s trade status amid a diplomatic row driven by historical grievances.

In announcing the move through a government gazette on Monday, South Korea’s Ministry of Trade, Industry and Energy says Seoul will further restrict technology and industrial exports to Russia and its ally Belarus.

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The restriction is to support the US-led pressure campaign against Moscow over the war in Ukraine.