Korea: Japanese Exports and Asian Country

korea: The new restrictions go into effect August 28, according to CNN. South Korea was the only Asian country on the white list. The decision to remove South Korea from a so-called white list means that Japanese exports to South Korea now require additional screening to make sure they are not used for weapons and military applications. Revoking its preferred status means the country will receive the same treatment as other Asian countries and territories, including Taiwan, Japan's Chief Cabinet Secretary Yoshihide Suga said Friday. South Korea's president called the decision reckless and promised retaliation. This is not a trade ban, he added. (news.financializer.com). As reported in the news.