As the trade battle between South Korea and Japan drags on, Seoul announced it will cut down its economic dependence on Japanese industries.
Kang expressed her concern over the phone to Pompeo saying that "this is undesirable in terms of friendly relations between South Korea and Japan and trilateral cooperation among South Korea, the U.S. and Japan," South Korea's foreign ministry said in a statement.
"However, it is unclear how the Trump administration will be involved. Ideally, they would encourage both governments to engage in dialogue to find a reasonable solution to the current dispute," Stangarone told CNBC via email. Koll said that trade regulations imposed are not due to a short term "political ploy" by Japanese Prime MinisterThe trade conflict between the two countries "has been in the planning for quite a while," Koll said, adding that there's been "growing distrust" between Japan and South Korea in the last two years.
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