because this is not for south korea's and this is not based on the concerns about south korea's domesticare not because to me it is about the japanese domestic regime for export control if indeed south korean the companies are going to find other sources well that somewhat does south korea and the companies should decide on and that's a totally up to the south korean companies but when it comes to the export control regime that the japanese government minister has that is what does this happen he's government is going to look after so what will it take for the japanese government to roll to roll back the export restriction. there the console taishan mechanism is very much a linchpin for these 2 nations to push to continue having some ongoing economic and trade relationships especially about sensitive matters that could be put into do all use but one has to point out that out consultation mechanism has not been. working the design of which. urges these took these 2 countries to and so that's something that both come countries have to work on but the ball currently is on the court of the s

permission when it comes to exporting sensitive materials to the importance but south korea has been he only and sole nation in the entire part of asia that japan has maintained this arrangement over the last 15 years european union has given no such permission out right south to south korea japan has given no such permission to other men's members of asia so south korea is going to return back to where it was 2004 and in addition no ban whatsoever no ban whatsoever either about the 3 sensitive materials. or the future in the future other materials is going to be imposed upon japan's export it's going to make the process slow and cumbersome if you like but that's the one. any country is having with any other country. the economic aspect of this relationship has been the glue supporting political cooperation between south korea and japan until now to what extent korea's domestic politics complicating the situation and do you think there is a certain willingness domestically to improve things with japan. no i would say this is very unlikely the timing of the situation is most unfortunat

also of apology however japan sees this conflict as settled it is solved and they don't want to south korea to bring it up in the international community so there's a conflict and recently south korean president basically backed the claim of the south korean civil society and also the constitutional court order japan's biggest filmmaker to pay financial compensation to the form of victims of forced labor so basically the straight war is a retaliation by japan for the historic dispute i see and it's as we say spilling over into today but it's also spilling over in a region that's already made complicated by the north korean issue now how big of a role does that play into days cautions quite a big role japanese media have reported that south korea has exported bent goods towards north korea named the hydrogen fluoride which is received from japan and then. supposedly exported to north korea that would be a violation of international sanctions however seoul rejects that claim so we cannot verify it cannot falsify it and both countries have a quite different stance towards north korea south kor

and it's just really wartime crimes that south korea allege have never been forgiven orforgotten southten and that something that will take more than simple mediation. thank you so much for updating us from seoul, south korea, the bbc promo corresponded, laura bicker. you are watching newsday on the bbc. live from singapore and london. still to come on the programme: a pawn in a global power struggle. how iran's seizure of a british flagged tanker has affected one crewmember — the ship's cook. also on the programme: withjust a year until the opening of the tokyo 0lympics, we meet the local athletes hoping it's their time to shine. mission control: you can see them coming down the ladder now. it's one small step for man, one giant leap for mankind. a catastrophic engine fire is being blamed tonight for the first crash in the 30 year history of concorde, the world's only supersonic airliner. it was one of the most vivid symbols of the violence and hatred that tore apart the state of yugoslavia. but now, a decade later, it's been painstakingly rebuilt and opens again today. there's been a

right south to south korea japan has given no such permission to other men's members of asia so south korea is going to return back to where it was 2004 and in addition no ban whatsoever no ban whatsoever either about the 3 sensitive materials or the future in the future of the materials is going to be imposed upon japan's export it's going to make the process slow and cumbersome if you like but that's the one. any country is having with any other country. the economic aspect of this relationship has been the glue supporting political cooperation between south korea and japan until now to what extent korea is domestic politics complicating the situation and do you think there is a certain willingness domestically to improve things with japan. no i would say this is very unlikely the timing of the situation is most unfortunate because korea already was feeling the pressure from the trade were between china and the us and there was a lot of hand-wringing a mess to create over what the government could do to improve the business climate and then came this will by japan and building on th

permission when it comes to exporting sensitive materials to the importance but south korea has been he only and sole nation in the entire part of asia that japan has maintained this arrangement over the last 15 years european union has given no such permission out right south to south korea japan has given no such permission to other men's members of asia so south korea is going to return back to where it was 2004 and in addition no ban whatsoever no ban whatsoever either about the 3 sensitive materials. or the future in the future other materials is going to be imposed upon japan's export it's going to make the process slow and cumbersome if you like but that's the one. any country is having with any other country. the economic aspect of this relationship has been the glue supporting political cooperation between south korea and japan until now to what extent korea's domestic politics complicating the situation and do you think there is a certain willingness domestically to improve things with japan no i would say this is very likely the timing of the situation is most unfortunate b

now south korea is claiming that russia has expressed regret for flying into south korean air space during its 1st joint patrol with china seoul had fired warning shots and scrambled fighter jets when the planes violated its space japan's government also raised complaints south korea laces summoned a senior russian diplomat over the incident. the reason why we summoned the russian deputy chief of mission without prior notice is to lodge a stern protest on russian aircraft entering the korean air defense identification zone and violation of our airspace and strongly urge them to prevent a reoccurrence. china's defense ministry is announcing its key priorities and is accusing the united states of undermining global stability it's releasing a white paper highlighting the issue of taiwan the ministry condemned planned u.s. sales to the territory and a spokesman refused to rule out the use of force against what he called independence that persists now our correspondent wayne hay joins us now live from beijing when talk us through what we're hearing from beijing what's the purpose of all of this

it's tuckers shima islands if you're in japan and they are claimed by both japan and south korea so when the russian aircraft chased by south korean interceptors wandered into what japan considers its airspace it was not too happy about that especially as the south korean interceptors then opened fire with these warning shots hundreds of rounds of ammunition fired so the japanese have lodged a complaint now the south korean defense ministry have hit back as saying that any criticism from japan doesn't even deserve any passing notice as they say the doctorow islands are very definitely south korean well as is speaking there we're hearing that they top u.s. security advisor john bolton it's in seoul what's that about. that's right he has been here on a visit that has long been planned he has been tokyo and there's now here in seoul at the end of this visit and of course all of this is come while he has been in the 2 countries he will be concerned about this incursion but more concerned i think about what this means to the relations between 2 very important u.s. allies in this part

missile test and less than a week they were fired from the town of one song and flew 250 kilometers south korea's foreign minister said the tests won't help ease tensions on the korean peninsula the government has held an emergency meeting in seoul from the bride has more from the south korean capital. this latest missile firing is being viewed with deep concern here in south korea it's the 2nd double launching of short range ballistic missiles in less than a week and the 3rd missile launch to take place since may in direct contravention of the landmark military agreement signed between north and south korea last september during the period of improving relations that was meant to have put an end to testings like this one south korea's defense minister has said that if the north continues with threats and provocations like this then it would have to be considered an enemy so there has been some very strong words used by south korea contrasting with all of the period of reconciliation that we've had over the past year and a half or so north korea said when it launched missiles last week that that

the next front forms in the global trade spat japan because high tech exposed to south korea of war time over forced labor is at the center of the growing dispute. violent protests rattled business there are reports some executives are thinking twice about setting up operations there. and let someone else do the shopping for you now a german startup can smile at you walk in just a phone call. i mean physical and let's do business south korea is accusing japan of threatening the global economy restrictions coming into effect today all materials bound for seoul used in south korean chips and spot for displays this will affect the country's tech firms and could slow down the whole export process by several months relations between the 2 countries have sowed dramatically in recent months after according to south korea or japanese companies to compensate for wartime labors at a fine japan says the issue was settled decades ago and is now could explode spiral to south korea's tech industry citing national security so as trade minister says the move violates world trade organization rules even

it said that south korea was doubledealing. ed the administration here, president moon's administration, of talking peace while acquiring new hi—tech weapons and taking part injoint us - rok, weapons and taking part injoint us — rok, south korean military drills, which are due to start in just a few weeks' time. that's right, you mention thosejoint weeks' time. that's right, you mention those joint exercises due to happen next month between the us and south korea. but tell us, just how significant are these latest series of lodges, when you think aboutjust a few weeks ago we had president trump, of course, meeting kim jong—un on the demilitarised zone, the border between the north and south? well, sharanjit, north korea has never promised not to test short—range missiles. it has promised, according to donald trump, not to test long—range nuclear when it comes to these short—range tests, certainly the reaction the us has been kind of a shrug of the shoulders, oh well, they are short—range missiles, says donald trump after the las

what do you think south korea's reaction is going to be? japan and already decided on a path to go strongly againstjapan and north korea, they are going to watch this u nfold korea, they are going to watch this unfold and there are requests from the united states in order to increase the level of cautionary expenses in the us, korea military engagements together, so south korea is on the verge of having to respond to those requests in order to counter any kind of threat coming from the north korean side. of course, this does affect neighbouring countries as well, because their short range missiles in countries like japan have every right to be concerned. from the japanese side, the prime minister has already stated on the previous missiles that they are not of consequence to japanese national security. 0n the other hand, for south korea, the situation may be a little bit different, depending on what the department of, the ministry of defence ends up with, in terms of results, this may vary in terms of official statements, but short—range bal

top stories for you this hour on al-jazeera south korea says the north as fired 2 missiles off its east coast the missiles for 250 kilometers and the south korean military joint chiefs of staff say they are monitoring the situation in case of additional launches tension on the korean peninsula just one of the issues likely to be discussed at a meeting of foreign ministers of southeast asian countries there in thailand's capital for the assy on meeting will be joined as well by the u.s. secretary of state money on paper and sudan's that ruling military council says it has suspended schools across the country until further notice that announcement comes after security forces fired live ammunition and tear gas at protesters mass rallies being held against monday's killing of 5 students. now 10 ambassadors from the u.n. security council level it's also delivered a diplomatic petition to the secretary-general they want to turn your good terrorists to set up an inquiry into the bombing of hospitals in syria not diplomatic at the james by. the parade this the 7th meeting of the security counci

on their own. -- south korea's industry. schultz about why japan has chosen now to make this move. the government has said it is losing trust in korea as a partner. that is a very serious issue. the big problem now is that the government is pulling the spat between the two countries that they can't easily solve on the political side and that is a serious matter because trust in business has been built up over a very long time between korea and japan so this is very disruptive. you have to imagine or wonder whether prime minister shinzo abe is taking a note from president trump's approach to trade tensions. to think that an offence japan, though? i don't think so. this is a major problem. the big difference between the us and japan is that the us is a major customer worldwide of asian supply chains, japanese, chinese, korean products. the products start injapan, then going through korea, china and to the us was not if japan starts to disrupt them, it has a big impact first but of course, as a supplier, companies are suffering

of course, her agreement was really discredited and south korea by her subsequent impeachment, and asesult the relationship with japan has got caught in south korean domestic politics in new and unprecedented ways. >> president moon jae-in when he took office said he would not let historical issues get in the way of progress on special relations. so what happened here? >> the administration began with a dual track policy placing history in one track and future relations and the other, but i don't think the moon administration has handled their non-rejection rejection of the agreement very well, and there is the issue of forced labor in the south korean supreme court that has added to the complexity and deepened the domestic component. of the issue as a problem between south korea and japan. >> in a practical sense, south korea needs a number of resources for its technology industry. if it is not able to talk to japan. does this open the door to other suppliers, potentially driving south korea into the arms of china economically? >> i think semi conductor manufacturers are looking at c

educated they think they're constantly being threatened because american troops are stationed in south korea in japan in in guam so that part of the world they said very heavy on that by the united states and north korea is very unhappy about that and threaten that in terms of their security so we have to really sit down talk about mutual concessions we have to give us something to them by way of reducing. sanctions and canceling the joint military exercise compromising the arms sales to south korea so these things would have to be coming together with north koreans concessions to ward complete denuclearization well the tension on the korean peninsula is likely to be discussed at amazing a foreign ministers of southeast asian nations are they gathering in bangkok for the meeting of asio on as it's known and they will be joined by the u.s. secretary of state might compare as well as the chinese and russian counterparts the region is facing many challenges including the dispute over the south china sea on the ongoing us china trade war more from scott hietala. as thailand hosts the foreign min

the korean peninsula but we've already had reaction from the foreign from the defense minister of south korea saying that if these provocations and threats continue then north korea the regime its military would have to be considered an enemy you know these are pretty tough words coming from the south korean administration which of course has been trying to build bridges have this period of reconciliation with the north so there is a lot of concern here that it's going to be remembered that this is now the yes it's the 2nd launch within a week it's actually the 3rd multiple launch that's taken place since may now the launch of these the short range missiles even though they are short range they are considered to be ballistic in nature as the japanese have said this could be a contravention of u.n. resolutions these were supposedly i think of the past these weren't meant to happen it in contravention of a very important military agreement that was signed between north and south korea last september when the hopes were at their height at the highest of stablish in some kind of reconciliation th

the reason we're looking this closely is because south korea and japan have beenin because south korea japan have been in their own sort of trade war. this is having a big impact on companies like samsung. particularly in the technology space, sally. semiconductors make up for about one fifth of south korea's total exports and it suffered a 40% drop in total shipments. it is a major concern and the south korea situation is not helped by this ongoing technology dispute with japan. when tokyo earlier this month restricted exports of material is critical to the country's hi—tech industries, citing national security concerns. japan and south korea are large exporters of chips and smartphone displays, and escalating trade fight between the two sides could be bad news for the global technology industry. and economists are saying this conflict is disturbing and unhelpful for this conflict is disturbing and unhelpfulfor economic this conflict is disturbing and unhelpful for economic sentiment, and to begin with we already have so much around the trade war between the united states and the rest

this latest missile firing is being viewed with deep concern here in south korea it's the 2nd double launching of short range ballistic missiles in less than a week and the 3rd missile launch to take place since may in direct contravention of the landmark military agreement signed between north and south korea last september during the period of improving relations that was meant to have put an end to testings like this one south korea's defense minister has said that if the north continues with threats and provocations like this then it would have to be considered an enemy so there has been some very strong words used by south korea contrasting with all of the period of reconciliation that we've had over the past year and a half or so north korea said when it launched missiles last week that that should be considered to be a solemn warning to south korea being very careful not to direct any of its anger all wrath at the americans and that u.s. president donald trump in particular but this does seem to be a reminder from them about the size of their nuclear and missile arsenal that y

and south korea hasn't ruled over tallying poll shows 67 percent of south koreans are willing to boycott japanese products like beer and cars. china's latest growth figures have investors waiting to see how they will affect the global growth quarterly results for the world's 2nd largest economy expanded by 6.2 percent the worst performance in decades its trade dispute with the us is hurting industries are also fears a history of unregulated lending could trigger a debt crisis slowing chinese growth is also a source of concern for german companies especially the car makers folks wagon generates a 3rd of its profits there the chinese market accounts for 12 percent of diamonds sales 14 percent of b.m.w. and 10 percent of the industrial conglomerate siemens for the slowdown could really put on the brakes globally let's go over to frank for our financial correspondent daniel corpuz standing by daniel i've spoken to many analysts who said we're just going to have to get used to even lower numbers and that that's the trajectory what do you reckon. obana g.d.p. growth off a 6.2 percent that's wh

at one side south korea's defense ministry is urging people to stop its tests. well not always on. always have korean government has been closely monitoring the related move of north korea and we urge north korea to stop such actions that don't help the effort 3 leave tensions on the korean peninsula south korean government will step up its monitoring plus to under u.s. south korea cooperation and closely communicate regard with this well last month u.s. president donald trump held talks with north korean leader kim jong un during a surprise trip when he became the 1st sitting american president to step foot into north korea. has more now from the south korean capital. officials in south korea and also japan are analyzing data from this double missile launch working with their u.s. allies looking in particular at one of these missiles that traveled a total of 690 kilometers which they believe could be a new type of weapon with reports that possibly this missile has a guided capability unable to get to avoid interception now if this is true then it means that nort

but our correspondent robin wright joins me now live from seoul rob what kinds of assurances has south korea gotten from russia over this incident i mean it seems that this expression of regret was all off the record. that's right the south koreans i think have taken the decision to release the details of what was said in this meeting because they do contradict what the russian defense ministry said in public after this incursion took place when they accuse the south korean pilots of dangerous flying behavior way in by making this interception of course the south korean interceptors fired hundreds of rounds of machine gun fire as a warning to the russian intruder well now according to the south korean government in a meeting with the defense ministry official here in seoul he expressed deep regret to his south korean counterpart seeming to accept that the russian aircraft was in the wrong place the wrong position of blaming some sort of mechanical malfunction for being in that place and promising a full investigation and interestingly asking the south koreans for help in that investigation b

and china, but now between japan and south korea. ll this boost rationale for the bank of korea to start using? there is definitely pressure on the bank of korea to do more policy stimulus. there is also a lot of political uncertainty in korea at the moment. add to thatnsions uncertainty. we can see that here in australia, cutting interest rates back to back by 50 basis points or lower. it is the global environment where banks are under pressure to ease policy. the bank of malaysia easing interest rates. cut outnot put a rate of question for the bank of korea. shery: thank you for that. you can get a roundup of the stories that you need to know to get your day going. mobile.so available on you can customize your settings to get the news on the industry and assets that you care about. this is bloomberg. ♪ paul: this is "daybreak: asia." shery: i'm shery ahn new york. south korea hinting at potential overtime nation against japan. the vicious cycle of measures and countermeasures would not be ideal for both countries. south korean compa

south korea says north korea launched two ballistic missiles from a peninsula on its east coast. r said the missiles appear to be of a different type from previous models. last week, the north fired two short—range ballistic missiles, describing the tests is a solid warning to soul as it plans to conductjoint military exercises with us next month. stay with us for more updates. tuesday brought a destructive combination of weather to some parts of the british isles. across the southern counties it was all about the strength of the wind which downed a number of trees at a number of locations but further north, particularly across the northern parts of yorkshire it was the rain and thunderstorm activity brought by this area of low pressure that cause real problems, with anything up to 100 millimetres of rain falling in a very short space of time, hence the flooding in northern parts of yorkshire and indeed elsewhere across the north of england. we are not done just yet. that low pressure taking time to drift offshore into the north sea. a much improved day across the southern countie

and south korea hasn't ruled out retaliating a poll shows 67 percent of south koreans are willing to boycott japanese products like beer and cars. china's latest growth figures have investors waiting to see how they will affect global growth quarterly results are the world's 2nd largest economy expanded by 6.2 percent the worst performance in decades it's trade dispute with the us is hurting industries are also fear is a history of unregulated lending could trigger a debt crisis slowing chinese growth is also a source of concern for german companies especially the car makers for its wagon generates a 3rd of its profits there the chinese market accounts for 12 percent of diners sales 14 percent of b.m.w. and 10 percent of the industrial conglomerate siemens for the slowdown could really put on the brakes globally let's go over to frank for our financial correspondent daniel corpuz standing by daniel i've spoken to many analysts who said we're just going to have to get used to even lower numbers and that that's the trajectory what do you reckon. obana g.d.p. growth off a 6.2 percent th

this then it would have to be considered an enemy so there has been some very strong words used by south korea contrasting with all of the period of reconciliation that we've had over the past year and a half or so north korea said when it launched missiles last week that that should be considered to be a solemn warning to south korea being very careful not to direct any of its anger all wrath at the americans and that u.s. president donald trump in particular but this does seem to be a reminder from them about the size of their nuclear and missile arsenal that yes this is only a short range missile but it is a reminder that they are serious about getting the u.s. back to the negotiating table and eventually getting some relief from the crippling sanctions. now one part as they found director of the center for the study of global issues at the university of georgia and the u.s. and he says that they want to be a deal with north korea unless the u.s. makes concessions. i think north korea is willing to give up their nuclear program but we have to presume paroquet did. with the sanction reductio

it could slow trade by several months and the top chip makers the memory chip makers are all in south korea they supply not only. other companies within south career and japan so it will hurt both sides but also the u.s. like apple weiwei in china so this is pulling in a whole lot of different economies. which are already involved in this trade war and if there is a tit for tat response from south korea which looks likely that this whole thing could explode ok let's talk about the effect on the consumers if this dispute does drag on could it become more people more difficult for people to get their hands on a samsung phone and say in the short term no. samsung says it has months of stockpiles the main chip makers also say they find in the short term the small it produces could it could be the death of them they're already facing the sector's biggest downturn ever and if neither side backs down way hearing from south korea this is only the beginning japan has been telling reporters that it could actually expand these curbs and yeah it's going to hurt production it's going to hurt a whole lot

now south korea is claiming russian officials have privately expressed regret for flying into south korean air space on tuesday russia and china carried out their 1st joint patrol south korea says the planes crossed into its territory and the military fired warning shots in response japan's government also raised complaints while china's defense ministry maintains that the aircraft did not enter the territorial airspace of any other country it made the announcement during the unveiling of its strategic priorities while south korea later summoned a senior russian diplomat over the incident. the reason why we summoned the russian deputy chief of mission without prior notice is to lodge a stern protest on russian aircraft entering the korean air defense identification zone and violation of our airspace and strongly urge them to prevent a reoccurrence while we have reaction from across the region in a moment we'll speak to wayne hay in beijing but 1st robert bride in seoul rob what assurances has south korea gotten from russia over this incident. that's right the stars or the south koreans the

welcome to the news that the south korean government has held an emergency meeting after north korea launched 2 ballistic missiles the 2nd weapons test in less than a week was launched from the turn of loose on military commanders in the south say the missiles flew around 250 kilometers before crashing into the sea but mcbride has more from seoul. this latest missile firing is being viewed with deep concern here in south korea it's the 2nd double launching of short range ballistic missiles in less than a week and the 3rd missile launch to take place since may in direct contravention of the landmark military agreement signed between north and south korea last september during the period of improving relations that was meant to have put an end to testings like this one south korea's defense minister has said that if the north continues with threats and provocations like this then it would have to be considered an enemy so there has been some very strong words used by south korea contrasting with all of the period of reconciliation that we've had over the past year and a half or so north

a year ago japan and south korea came together 20 goals stopping north korea from getting nuclear weapons and boosting regional trade. a year later the 2 sides meet again this time to trade disputes over north korea japan says south korea cannot be trusted to implement u.n. sanctions against pyongyang its imposed restrictions on some exports south korea says japan's claims are untrue and wants an international investigation. if the investigation finds fault with our government then we will make an apology for that and make corrections immediately however if the investigation draws a conclusion that our government is not at fault and the japanese government should not only apologize to us but also retract the retaliatory export restrictions immediately. there is anger and so calls for a boycott of japanese goods. the japanese restrictions are seen as a retaliation after recent south korean court's rulings relating to japan's former rule over the korean peninsula and its actions during world war 2 japanese companies were ordered to compensate for most south korean forced laborers japan insi

figures released here in seoul and has to be pointed out that these figures are do originate from south korea north korea if it does produce these figures it certainly doesn't publicize them figures released here show that trade between 20172018 fell by a half with a devastating impact on north korea's exports falling by 86 percent. sections like the sectors like the mining sector exports of coal particularly being hard hit to this is where north korea normally earns most of its money so it is does show how the the sanctions are biting or hurting the economy and also really impeding kim jong un's attempts to try to breathe life into the economy he has made it his goal his were one of the cornerstones of his leadership not to concentrate so much on military development but to try to develop his economy elizabeth the economy might be taking ahead but that doesn't seem to have had an impact on their missile program rob because the north koreans are frankly bragging about the latest test. absolutely in their position always is that sanctions don't work it just makes them more determined to. go on

last year south korea's supreme court said a japanese steel company must compensate south koreans for their time of forced labor as during the war tokyo retaliated last week with restrictions on exports essential to south korea's tech industry that's causing worries in seoul. and i urge a parent to withdraw its measures and for the 2 countries to have a sincere consultation to the vicious cycle of actions and counteraction this is not desirable at all for both countries however our government cannot rule out the countermeasures if the japanese actions inflicts damage on south korean companies our new show of. japan's restrictions will affect tech companies like samsung and hynix they in turn supply u.s. tech giant apple and china as well way the regional spat could soon become a global event south korea says it's planning to file a complaint with the world trade organization over japan's restrictions. british airways is facing a fine of more than 200000000 euros over a day to bridge its the biggest penalty handed out by the u.k. information watchdog last year their line fell victim to

and a trade dispute between japan and south korea.

in 2018 south korea's supreme court ordered mitsubishi to pay compensation tokio insists compensationhas already been paid under a 1965 treaty nippon steel and nazi food because she have already had south korean assets seized following similar court orders this week the general counsel of the world trade organization is meeting to resolve escalating tensions tokyo's curbing the export of high tech goods to south korea the koreans say these restrictions violate trade rules and accuse japan of using them to retaliate for south korea's demands for compensation. to japanese governments export regulation is clearly an economic invasion of korea without using guns the regulations also show that japan's nasty aggressive spirit of days past but forced tens of millions of people to wage war is still deeply rooted inside them. if the court approve the plaintiffs demands mitsubishi assets in south korea will be put up for auction to raise funds to pay the compensation. or more companies are jumping on the 5 g. brown wagon for their internal communications logistics needs german chemicals maker.

but relations between south korea andjapan but relations between south korea and japan have been at one, when rulings came out that japan should compensate south korean victims of wartime colonial forced labour. what are the implications of this? for example, huge giants such as samsung, will they be affected? they will be. they commented that they are looking into what this means to their company. however, south korean economy relies heavily on exports. if you are looking to south korean exports, semiconductors alone take up exports, semiconductors alone take up 20% of south korean exports and semiconductors, display items, they rely heavily if not entirely on japanese materials and chemicals, sometimes up to 90%, sometimes 80% range top so it's crucial materials that go into semiconductors and displays. and also the economy is one of the biggest pillars of the south korean economy. south korean economy ways it has not been doing well in the south korean president has been criticised a lot recently for his economic policy. that has a great perspective and context. thank you for that. w

the japan and south korea of held talks to resolve a worsening trade dispute tokyo has restricted the export of materials used in manufacturing smartphones and memory chips to seoul raising concerns for the south korean economy and the global tech supply chain japanese officials say the restrictions are because south korea's failing to control the export of sensitive materials to north korea solved has denied that claim demanding evidence and a u.n. investigation. is or has the latest from tokyo. it's not so good news to the south korean makers today's meeting basically it was just a briefing by both countries on their position. announced at the end of this meeting which i ended in behind me in the trade ministry today they say that this meeting is basically not a negotiating meeting it's just to explain stance on this issue and in fact. this meeting that was working level but it was a very small working level meeting just to south korean officials met with 2 counterparts from the japanese trade minister also picture says it all it's a very small meeting and they explained to south ko

this then it would have to be considered an enemy so there has been some very strong words used by south korea contrasting with all of the period of reconciliation that we've had over the past year and a half or so north korea said when it launched missiles last week that that should be considered to be a solemn warning to south korea being very careful not to direct any of its anger all wrath at the americans and that u.s. president donald trump in particular but this does seem to be a reminder from them about the size of their nuclear and missile arsenal that yes this is only a short range missile but it is a reminder that they are serious about getting the u.s. back to the negotiating table and eventually getting some relief from the crippling sanctions that han park is the founding director of the center for the study of global issues at the university of georgia and the u.s. and he says they want to deal with north korea unless the u.s. makes concessions. i think north korea is who willing to give up their nuclear program but we have to presume paroquet did. with the sanction reduction wi

federal reserve has signaled that it will lower rates soon so could the european central bank but south korea isn't waiting neither is indonesia both central banks taking action today analysts say other asian nations could follow in korea's case the timing was unexpected but trade tensions are rising with japan tokyo has put curbs on here exposed to sold high tech industry that could slow global supply chains for smartphones and t.v.'s the dispute may have put more pressure on the trade dependent economies central bank to make the move to places. let's talk about this with daniel cope our financial correspondent in frankfurt that you've done today shows that this conflict is already hurting japan which is exactly what south korea focused. yeah exactly this interest rate cut by south korea has been are quite a surprise today experts thought that this would most likely happen later this year we are learning that interest rates will be lowered from 1.75 to a level of only 1.5 percent this is the 1st time this is happening for since 3 years that the south korean central bank is making a decision

south korea says that russia's apology for this incursion came during a closed door meeting here on tuesday in seoul between a senior official from russia's defense ministry and his south korean counterpart when he expressed deep regret for the incident saying that it was due to some sort of mechanical error and that a full investigation would now take place it comes as a separate route seems to have developed between south korea and japan over this whole incident because it took place in disputed air space between the 2 neighbors above the doctorow islands as they are known here in south korea attackers shima islands if you're in japan but they are islands that are claimed by both japan and south korea so japan is none too happy about a russian aircraft chased by south korean interceptors wandering into what it sees as its airspace especially as shots were fired several 100 warning rounds of machine gun fire from those korean aircraft the japanese have lodged their own complaint and now the south korean defense ministry has hit back saying that any protests from japan are not even worth no

and then fizzle and let's do business another front widens in the global trade war south korea is seeking help from the united states in its dispute with japan the japanese government has imposed export restrictions on some south korean bound products off the so called on tokyo to compensate forced labor is from the 2nd world war speaking to us secretary of state michael peo south korea's foreign minister said the trade curbs were undesirable and would hurt tech firms across the world materials affected a key to making memory chips and smartphone displays in south korea which supplies from seumas around the globe with devices. chelsea delaney joins us from frankfurt now chelsea will consumers have to stop worrying about getting their hands on a spot for it any time sir. yeah i mean that's definitely something that people need to be thinking about you know these these products that japan is restricting care are crucial to basically every consumer electronic we have today so you mentioned smartphones but also tv's tablets laptops really everything and so there are also the other problem her

japan denies its trade round with south korea threatens the global high tech sector instead tokyo puts the onus on seoul to return to the negotiating table and rebuild trust. the global grounding of the 737 max drags on costing u.s. plane make a boeing billions of dollars more. and space agency send companies joining forces to exploit the potential of asteroids we speak to a scientist to find out more about mining in the milky way. i mean physical and let's do business critics accuse the japanese prime minister of using his trade dispute with south korea to ghana votes with tokyo curbing exports of high tech materials to seoul there is an election in japan this weekend and shinzo abbay may have reason to celebrate the latest polls predict his coalition will come out on top when the nation votes for a new upper house of parliament positive economic data is also helping his chances japan's economy beat expectations expanding by 2.2 percent in the 1st quarter but it's not all good news exports fell by 2.4 percent in the same time period with japan shipping fewer cars trucks and steel