Fears are growing that a high-tech trade dispute between Japan and South Korea could reduce or delay the global supply of smartphones.
South Korea has cut intelligence cooperation with Japan in the latest tit-for-tat escalation between the two countries. The decision is a blow to the United States as it seeks to expand East Asia security cooperation.
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.
Japanese Prime Minister Shinzo Abe says South Korea has damaged trust by ending an intelligence-sharing agreement. He said he would work closely with the US for regional peace.
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.
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