and for an expert analysis and Tokyo's decision to remove South Korea from its
whitelist at doctors homeless a young law professor at County University joins
me in the studio today hello professor happy to be here all right so what we
worried about the most ended up happening today we're at Japan has
decided to take Korea off of its list of countries that enjoy trade a
preferential trade conditions what happens from here and out well first of
all it's regrettable that this trade dispute is escalating the the meaning of
the Korea being left off the white list is obviously that it used to be that it
was a blanket approval pre-approval that was easy to kind of navigate through the
process but now it's a permission based every time and it could take up to 90
days so it's and one word the big red tape and of course it's gonna hurt
Korean economy because of the very close relationship that Korea in Japan had in
terms of the supply chain management so in that sense and I think that it's
going to be a very painful period for some industries although many industries
have kind of had this kind of known risk for some time so that's why I think that
there were some good news about some companies that have already taken some
measures to have a stockpiles all right well what kind of other countermeasures
do you think South Korea could come up with at this time of difficulties at
this point the diversification I guess but of course you have to kind of take
the head-on they had on the problem of separating the the economic issues and
the historical issues or historical issues go much deeper between two
countries long history has a tensed I think that you can analyze these things
to the teams that and come up with a lot of different reasons why both countries
are doing especially pan seems like there's a lot of domestic
issues that they're dealing with and there was a concern that what's
happening around this region would make Japan not very relevant so maybe they're
they're using this as kind of a noise marketing and kind of a tantrum that is
designed to attract attention from around the world whatever the reason is
I think that their stated goal of catering to the domestic base probably
would have to be countered by what kind of criticism that they garner from the
world economy especially not because of the moral reasons alone but because of
the real impact that will have on the global economy especially to any
important countries to to Japan which is the United States which has a lot of
taxing their sectors that relies on the kinds of supplies that comes from this
neck of the wood right now going back to the impact this is going to have on the
South Korean economy obviously we know that South Korea is actually the only
Asian country on the 27 member white list that will be excluded from the list
- so tell us more about how this would all affect the Korean economy which is
already struggling with a lot of issues right obviously we're targeted we know
that because of their feeble excuses it's as security-related that that
didn't really pan out that much and we know that this came about because of the
judicial decisions that the Supreme Court had that goes directly to the
question of who's at fault in terms of the the colonial times and those this is
a very sensitive topic for Japan that's why they are reacting
similarly kind of unnecessarily kind of strongly I think that the as I mentioned
before because of the that impact that that spills over to the to the
industries and business in me the short-term impact would be Korea
but also Japan will feel that too and the long-term effect is to the world
economy I think that that entails not only the economic issues but it's a
political as well because that's related to the what Donald Trump once that
happened in this region that kind of feed back to his re-election campaign
that goes to the the political outlook diplomatic outlook and also economy so
in that sense it's a complicated math but as time goes by
probably Japan's outlook would be less rosy because I think they will start to
it as they have already now right here from around the world that this is very
worrisome and the the overwhelming criticism is directed towards not Korea
but to Japan so you mentioned this a little bit before but what kind of a
role can we expect the u.s. to play especially with that trilateral meeting
coming up between foreign ministers of Japan and South Korea and US Secretary
of State Pompeo we know that's coming up in Thailand so what can we expect from
the u.s. at this point in time right in the same vein I think that for the
United States that this is a tricky matter because Japan is very important
for them also Korea is very important for them American bases in both
countries and for security reasons we matter in terms of forming a team and
any kind of disruption in the alliances between three countries is a game to the
stated fall namely China so that's not what u.s. wants and in the short term
they certainly don't want it in the long term and don't want that kind of
landscape to settle in this region so I think it's understandable that Mike
compared wants some resolution in this I mean we think that he has planned the
meeting with Korea meeting with Japan and the trilateral meeting
well that seems to suggest that he wants to play a role and probably has some
message to both countries they put put our eyes on what comes out of that
meeting and what role the u.s. is going to play from here and out thank you so
much for your insight today thank you