FOCUS: Japan-South Korea trade to face more restrictions amid forced labor row

摘要

A simmering dispute between Japan and South Korea is expected to inflict further damage on the trading relationship and diplomatic ties between the two countries, analysts told Fastmarkets this week. Two weeks ago, the District Court in Daegu, South Korea, approved the seizure of Nippon Steel assets in the country to compensate Korean men forced to work in Nippon’s factories during the Second World War, when Korea was under Japanese rule. Nippon immediately appealed the verdict and Japanese government officials promised retaliation if assets are confiscated.