This follows a 2018 South Korean top court order to seize the assets of Nippon Steel and Mitsubishi Heavy Industries for forced labour during Japan’s 1910-1945 colonial rule of the Korean Peninsula.
This led to tougher export controls on sensitive material such as hydrogen fluoride, which South Korea relies heavily on for its chips industry. It will be up to Mr Yoon, who told the Yomiuri that Seoul will not exploit history for political gain, to navigate these headwinds.Thousands of S. Koreans rally against govt plan to resolve forced labour row with Japan
“This will be an important moment to end the negative spiral and to establish once again a situation that will allow for genuine exchanges between the two nations,” South Korea’s national security adviser Kim Sung-han said on Tuesday.to pursue deeper security cooperation, and experts said that their collective dominance in chips and supply chains might reduce Chinese influence in the Indo-Pacific.