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

“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.







