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  • The world has been fixated on Donald Trump's tariffs

  • on China, but a new trade war is emerging

  • in Asia, this time between Japan and South Korea.

  • What started as a historical dispute over forced labour

  • during Japan's wartime rule on the Korean peninsula has

  • swiftly turned into a major economic and political crisis

  • for Seoul.

  • Tokyo believes that compensation for wartime forced labour was

  • settled under a 1965 treaty.

  • But South Korean courts have allowed individual claims

  • to be made against Japanese companies.

  • Blaming a loss of trust and security issues,

  • Shinzo Abe's government has turned to export controls,

  • threatening to disrupt supplies of key technologies

  • to South Korean companies in a bid

  • to pressure South Korean president Moon Jae-in.

  • South Koreans are outraged, boycotting Japanese-made goods.

  • And in the most extreme cases, two men

  • have died after setting themselves on fire in protest.

  • Some international experts are also

  • worried that Mr Abe is following the Trump

  • playbook in weaponising trade.

  • South Korea's tech giants, including the world's two

  • biggest makers of memory chips, Samsung and SK Hynix,

  • are urgently looking for replacement sources

  • for some of the key materials and components

  • that they use to make computer chips.

  • Any long-term disruptions to the South Korean companies

  • will cause serious headaches across the global technology

  • supply chain.

  • There are also fears that the dispute will

  • drive a lasting wedge between these key US allies

  • in Asia, just as Washington needs their co-operation

  • to deal with North Korea's missile tests

  • and the rising threats posed by China and Russia.

The world has been fixated on Donald Trump's tariffs

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日本和韓國為何陷入貿易爭端? (Why Japan and South Korea are locked in a trade dispute | FT)

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    林宜悉 發佈於 2021 年 01 月 14 日
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