The ongoing dispute between Japan and South Korea has begun to affect businesses across multiple sectors and could potentially even dent the global economy.
The political disagreement stems from an argument about Japan's conduct during the second World War, but it's recently. In early July, Japan restricted exports of materials critical to South Korea's semiconductor industry, citing national security concerns and a lack of trust in Korea.
She added that, if Seoul is to be removed from the list, "relations between the two countries would worsen to uncontrollable levels,"Business operations interrupted Among those negatively affected by the dispute are basic materials companies, he added. Japan's chemical companies , for one, had "made a big push into Korea over the past decade and they are now de-facto boycotted and are beginning to report steep production cuts," Koll said.
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