The Korea Times close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
  • Multicultural Youth Award
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Finance
  • Policies
  • Economy
  • Markets
  • Banks
  • Non-banks
  • Economic Essay Contest
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Arts
  • Books
  • Travel & Cuisine
  • Trend
  • Fashion
  • Around Town
  • Fortune Telling
Entertainment
  • K-pop
  • K-dramas & Shows
  • Movies
  • Music
  • Performances
  • Asia Model Festival
Sports
  • Football
  • Golf
  • Baseball
  • Other Sports
World
  • Asia Pacific
  • Americas
  • Europe & Africa
  • SCMP
Video
  • On the Spot
  • Feature
  • News
Photos
  • Photo News
  • Darkroom
Community
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Thu, January 28, 2021 | 08:31
Manufacturing
Korea strips Japan of preferred trade partner status
Posted : 2019-09-18 00:01
Updated : 2019-09-18 18:14
Mail
Print Preview
Font Size Up
Font Size Down
gettyimagesbank
gettyimagesbank

By Nam Hyun-woo

Korea has removed Japan from its "whitelist" of countries receiving preferential status in the trading of strategic items, the government said Wednesday.

The Ministry of Trade, Industry and Energy said it has revised the country's export control system for strategic items on its official gazette, meaning it has gone into effect. The revision contains details on removing Japan from the 29-country whitelist.

The ministry said it received public opinions on the revision from Aug. 14 to Sept. 3 and 91 percent supported the removal.

Korea controls exports of strategic items by dividing destination countries into two categories. Category A includes 29 countries which has joined all of the four major international export control regimes and category B is comprised of the rest. Japan was in Category A.

For countries in category A, called Korea's whitelist, the government gives preferential trade status such as minimal customs documentation and shorter periods of examinations.

With the revision, however, Korea made subcategories of A-1 and A-2, and placed Japan alone into A-2.

An A-2 country is subject to export control measures tantamount to category B countries "in principle," thus Korean exporters will not be allowed to get blanket permissions for certain strategic items' export to Japan and have to get permission for individual items.

However, exporters will be given exemptions in documentation for several cases of individual exports and exempted from examination if they are in relay trades.

The move came after Japan's removal of Korea from its whitelist Aug. 7 and its actual implementation Aug. 28. Before the removal, Tokyo has placed export restrictions on three important materials needed for making semiconductors and displays, July 4, which was in apparent retaliation to last year's Supreme Court rulings here calling for Japanese firms to compensate surviving Koreans forced to work for them during wartime.

In what appears to be a tit-for-tat measure, the government stressed that it is "not a response to Japan's whitelist removal" and was aimed at "improving Korea's strategic item export control scheme."


Emailnamhw@koreatimes.co.kr Article ListMore articles by this reporter
US is actively engaged to help resolve Korea-Japan row: official
The United States is actively engaged in efforts to resolve the current trade and historical row between South Korea and Japan, and will continue to encourage both sides to find "p...
Seoul, Tokyo FMs to meet at UN for GSOMIA issue
The South Korean and Japanese foreign ministers plan to meet in New York next week, on the sidelines of their participation in this year's United Nations General Assembly, for talk...









 
WooriBank
 
  • SsangYong faces receivership as Mahindra-HAAH deal collapses
  • What to expect from the Fed's first FOMC meeting of 2021
  • Are Kakao boss' children being prepared for future succession?
  • COVID-19 survivors suffering from aftereffects
  • Budget airline industry faces major changes with new players, merger
  • Questions rise over timing of Moon-Xi phone conversation
  • AmorePacific aims for rebound through collaboration with Off-White
  • S&P highlights Hyundai, Samsung, LG, SK betting on futuristic cars
  • Childbirths hit record low in November; deaths rise to highest in 37 years
  • New infections bounce back to over 500
  • Actress and model Song Yu-jung dies at 26 Actress and model Song Yu-jung dies at 26
  • More K-pop singers contribute to animation soundtracks More K-pop singers contribute to animation soundtracks
  • TXT's first Japanese album 'STILL DREAMING' dominates Oricon Chart TXT's first Japanese album 'STILL DREAMING' dominates Oricon Chart
  • K-pop groups prepare for returns after members finish mandatory military service K-pop groups prepare for returns after members finish mandatory military service
  • AFI Awards: 'Minari' among the Best Films of 2020 AFI Awards: 'Minari' among the Best Films of 2020
DARKROOM
  • Biden takes office as 46th president

    Biden takes office as 46th president

  • Biden-Harris inauguration is taking shape

    Biden-Harris inauguration is taking shape

  • Second Trump impeachment

    Second Trump impeachment

  • Pro-Trump rioters breach the US Capitol

    Pro-Trump rioters breach the US Capitol

  • Our children deserve better (Part 2)

    Our children deserve better (Part 2)

WooriBank
  • About Korea Times
  • CEO Message
  • Times History
  • Content Sales
  • Media Kit
  • Contact Us
  • Location
  • Privacy Statement
  • Terms of Service
  • Mobile Service
  • RSS Service
  • 고충처리인
  • hankookilbo
  • Dongwha Group
  • Code of Ethics
Copyright