SEOUL - South Korean President Moon Jae-in on Thursday berated Japan for carrying out its plan to downgrade South Korea's trade status and reiterated that Tokyo was weaponising trade to retaliate over political rows stemming from the countries' wartime history.
"Japan has yet to even state an honest reason for its economic retaliation.... No matter what excuse it provides as justification, it is clear that the Japanese government has linked historical issues to economic matters," Mr Moon said. The ministry said Mr Kim and Mr Kanasugi also discussed the forced labour issue but did not elaborate.
Following an angry reaction from Washington, Seoul said this week it could reconsider its decision to end the military agreement, which remains in effect until November, if Japan relists South Korea as a favoured trade partner. Japan insists that all compensation matters were settled when the two countries normalised relations under a 1965 treaty and that the South Korean court rulings go against international law.
"We will take this as an opportunity to elevate our economy to a new level by strengthening competitiveness of the manufacturing sector and other industries," Mr Moon said.
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