Analysts Say South Korea Needs to Diplomatically Resolve Japanese Economic Retaliation

I don’t see the Japanese backing down on their economic retaliation until the ROK government resolves the forced labor court ruling issue:

Merchants affected by Japan’s restrictions on high-tech exports participate in a campaign to boycott Japanese products in front of the former Japanese embassy to Korea in downtown Seoul, Friday. Yonhap

“Japan may suffer from the government’s strategy in the long term, but by then, the damage on our companies will be even greater,” Kang said.

Park Won-gon, an international relations professor at Handong Global University, speculated Korea will “never beat Japan in the economic tit-for-tat.”

“It’s apparent Japan has planned its retaliatory measures carefully and meticulously, whereas Korea has come up with a counterstrategy hastily and hurriedly,” Park said. “I bet Japan has more cards to play as the economic showdown intensifies. I’m afraid that’s not the case for Korea.”

Shin Yul, a political science professor at Myongji University, said, “Our countermeasures are not very practical.”

The analysts suggested going “back to the beginning” and resolving the dispute diplomatically.

“Everything started from the diplomatic dispute over Japan’s wartime past. Korea should resume talks with Japan and concentrate on forced labor,” Park said.

As an option, he cited the need for President Moon to send a special envoy, such as National Security Office chief Chung Eui-yong, to Japanese Prime Minister Shinzo Abe.

Shin Yul voiced a similar view.

“I’m not sure whether sending a special envoy is a good idea, but I’m certain mobilizing all possible diplomatic means is necessary at this point,” he said.

Korea Times

You can read more at the link, but the Moon administration may have woken a sleeping giant. If the economic retaliation by Japan is ultimately effective, this could be something the Japanese government continues to turn to every time the ROK government pushes an anti-Japanese issue for domestic political purposes.

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setnaffa
setnaffa
6 years ago

“Tickling the dragon’s tail” is dangerous, because the Korean economy is crunchy and good with wasabi and soy sauce.

Flyingsword
Flyingsword
6 years ago

Of course commie moon has no plan.. He thought he would get quick political points in Korea by having courts sieze some Japanese companies and Japan wouldn’t do anything. Commie moon had no thought or plan that Japan was going to take countermeasures.

J6Junkie
J6Junkie
6 years ago

It’s all going to Commie Moon’s plan to ruin the ROK economy and industries. Won’t need semiconductors under socialism!

2ID Doc
2ID Doc
6 years ago

commie moon pie keeps surprising me with his stupidity, if he actually extended an olive branch I’m fairly certain many of the simmering hostilities would evaporate and the ROK would have as unshakable ally as the US, much closer to them. If a neighbor came banging on my door about a wrong I did 75 years ago, I would tell them to go home and sober up, we’ll discuss when you are thinking clearly. Obviously commie moon pie is drunk on power again.

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