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South Korea has said it will take Japan off its favoured trade partners’ list.
The move is a tit-for-tat response to Japan’s decision earlier this month to do the same to South Korea.
Industry Minister Sung Yun-mo said Japan would be placed on a newly created restrictive trade list instead.
Long-running bilateral tensions were inflamed last year by South Korean court rulings ordering Japanese firms to pay compensation to Koreans over forced labour during World War Two. Read more