August 2, 2019 / 7:59 AM / 20 days ago

South Korea will take steps to drop Japan from white list countries

SEOUL (Reuters) - South Korea plans to take steps to drop Japan from white list countries with fast-track export status, South Korea’s finance minister said on Friday.

The move came in response to Japan’s earlier decision to remove South Korea’s fast-track export status, further straining relations already stressed by a dispute over compensation for wartime forced laborers.

South Korean Finance Minister Hong Nam-ki said Japan’s measure will have an impact on 159 items, adding that Seoul would provide support to firms that produce those items.

Reporting by Hyunjoo Jin and Joori Roh; Editing by Tom Hogue

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