Korea to Lodge Formal Complaint with Japan
Korea will formally complain to Japan on Tuesday against striking it from a whitelist of countries that do not require case-by-case permits every time they want to import certain Japanese materials and parts. "We plan to point out the injustice of the curbs to Japan's Ministry of Economy, Trade and Industry, which is in the process of gathering opinions on removing Korea from the whitelist and demand a halt," an official at the Ministry of Trade, Industry and Energy here said.
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NATIONAL/POLITICS
All Korean Parties Urge Japan to Scrap Export Restrictions
President Moon Jae-in met with the heads of the five main political parties on Thursday to discuss responses to Japanese export curbs on vital IT materials. He called for the country to reduce technological dependency on Japan.
NORTH KOREA
Sanctions Regime Against N.Korea Full of Holes
A veritable fleet of ships are suspected of violating international sanctions against North Korea by transporting North Korean coal or carrying out ship-to-ship transfers of crude oil to the North while exploiting tracking flaws.
BUSINESS
BOK Lowers Interest Rates
The Bank of Korea on Thursday slashed the base interest rate by a quarter percentage point from 1.75 to 1.5 percent. The last time the central bank cut interest rates was in June 2016.