Japan and South Korea Both Stand to Lose in Trade Spat, KEI's Tokola Says

The transcript discusses the Japan-Korea trade dispute, highlighting its historical roots and the challenges in resolving it. The US's potential role is considered, but direct intervention is unlikely. Emotional and historical issues complicate the situation, and both countries face domestic political constraints. Economic implications are significant, with supply chains being reorganized. The future of Japan-Korea relations depends on resolving these issues and restoring trust.

What are the implications of Japan and South Korea removing each other from trusted partners economically?

In what ways might South Korea seek alternative suppliers if Japan does not grant licenses quickly?