S. Korea whitelists Japan for export after 3 years

SOUTH Korea today put Japan back on its “white list” of trusted trading partners, three years after the removal, in a move to improve their bilateral economic and diplomatic relationship, the industry ministry said, reported Yonhap.

The Trade, Industry and Energy Ministry issued a revision to its public notice on exports and imports of strategic items in the day that calls for restoring Japan’s fast-track trade status, allowing companies that export strategic items to Japan to enjoy a shorter period of time for review and simpler paperwork.