South Korea will reopen its complaint at the World Trade Organization over Japan's tightened export controls, as the latter has not shown willingness to settle the trade dispute.
South Korea gave Japan until the end of May to withdraw export controls, but the latter kept mum.
Japan tightened exports to South Korea of three essential materials for the latter's chip and display-panel industries while also removing South Korea from its list of trusted trade partners.
In taking the dispute to the WTO, South Korea argued that the measures Japan was implementing were in retaliation for court decisions ordering it to compensate Koreans forced to work in Japanese factories during the 1910-1945 colonial rule.
Japan's Foreign Minister Toshimitsu Motegi said they have been continuing discussions with South Korea on the matter, saying and that its neighbor's unilateral decision to make such an announcement is regrettable."
Motegi reiterated that South Korea should improve its export controls for Japan to ease its measures.


Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Gold Prices Hit Record High Above $5,500 as Iran Strike Fears Fuel Safe-Haven Demand
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions
Gold Prices Pull Back After Record Highs as January Rally Remains Strong
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade
UK Housing Market Gains Momentum in Early 2026 as Mortgage Rates Fall




