TOKYO --- Japan's downgrading of South Korea's trade status took effect Wednesday, a decision that has already set off a series of reactions hurting bilateral relations. Japanese manufacturers now must apply for approval for each technology-related contract for South Korean export, rather than the simpler checks granted a preferential trade partner, which is still the status of the U.S. and others. Since Japan announced the decision about two months ago, South Korea decided to similarly downgrade Tokyo's trade status, which will take effect next month. Seoul has also canceled a deal to share military intelligence with Japan. South Korea has accused Japan ...
Keep on reading: Japan’s move to lower South Korea trade status takes effect
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