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The World Trade Organization (WTO) will kick off the selection process for its new leader this week, with South Korean Trade Minister Yoo Myung-hee locking horns with candidates from seven other countries. During the first round of the process that will run through Sept. 16, representatives from 164 member states will provide a maximum of four preferences, after which three candidates will be re..

Seoul, Tokyo should not miss opportunity to mend fences South Korean and Japanese negotiators met in Geneva, Friday, to find a solution to the dispute over Seoul's complaint with the World Trade Organization (WTO) about Tokyo's "unilateral" export restrictions. The negotiators failed to reach an agreement, but agreed to meet again for further talks. Chief South Korean delegate..

Tokyo should no longer try to distort historical facts Japanese Prime Minister Shinzo Abe has shown no signs of changing his hardline stance on historical and trade disputes with South Korea. During a policy speech to a Lower House plenary session Oct. 4, he repeated his position that Seoul should keep its promise to Tokyo. His remarks certainly implied that Korea should abide..

Seoul should prove Tokyo violates free trade rules South Korea has decided to file a complaint with the World Trade Organization (WTO) against Japan for its discriminatory trade measures. The decision comes 69 days after Tokyo imposed export restrictions on three key materials which are crucial for Korean companies making semiconductors and display panels. For Seoul, it is ine..

The Moon Jaein administration will tighten its import quota on fishery and agricultural products from Fukushima in Japan in response to Tokyo's decision to remove Korea from its whitelist of Group A countries that receive preferential trade processing. A presidential aide said Sunday that if the Japanese Cabinet's decision to remove Korea from the list takes effect Aug. 28, So..

Moon should reach out to Abe immediately Seoul is considering taking "corresponding" measures against Tokyo's export restrictions, triggered by a South Korean court's ruling on forced labor during the colonial era. President Moon Jaein plans to hold a meeting this week with chief executives of conglomerates, including Samsung, SK, Hyundai and LG, which are directly affected by..

A diplomatic row between Korea and Japan has developed into a trade conflict as Tokyo imposed restrictions Monday on exports to Seoul of high-tech materials and chemicals used in semiconductor and smartphone production. In response, the Korean government expressed regret, saying the move violated World Trade Organization rules. Minister of Trade, Industry and Energy Sung Yunmo..