A trade dispute rooted in history is heating up between Japan and South Korea. From today, Tokyo is restricting exports of equipment needed to make semiconductors and computer displays. The move is intended to hurt South Korea's high tech industry.
South Korea has said it will withdraw Japan from its fast-track trade list. The announcement comes after Japan placed export restrictions on South Korea.
The Japanese move is likely to disrupt supply chains and escalate tensions with South Korea. Tokyo said the decision was taken for national security reasons, but Seoul views it as retaliation.
Seoul called for the UN or another international body to investigate Japan's claims that some of its exports go to North Korea despite sanctions. Seoul and Tokyo have clashed over compensation to WWII forced laborers.
Japan's Foreign Ministry has summoned the South Korean ambassador amid a deepening diplomatic dispute over wartime compensation. Earlier, an elderly man set himself on fire in protest outside Japan's embassy in Seoul.
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