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South Korea to Offer Temporary Preferential Policies for Companies Affected by Japan’s Export Curbs

Japan’s Cabinet has approved the removal of South Korea from its whitelist of preferential export screening partners, which will take effect on Aug 28th. South Korea will institute temporary preferential measures to help Korean companies affected by Japan’s export curbs. MoE is working on rules to simplify new chemical registration for R&D purposes.

Japan and South Korea have slipped into a trade war over the past few weeks (CL news[1]). Most recently, the Japanese Cabinet convened on Aug 2nd and approved the removal of South Korea from its whitelist of preferential export partners. The order will take effect on Aug 28th, 2019 signifying the escalation of a trade war which is now affecting multiple industries in both countries.

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