South korea acomodating information security in business
It is a move that could strip Japan of vital information about North Korea's nuclear program.
South Korea's National Security Council decided to end the General Security of Military Information Agreement (GSOMIA) after an hour-long meeting on Thursday, Reuters reported, adding that President Moon Jae-in personally approved the plan.
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South Korea is ending its intelligence-sharing pact with Japan in a dramatic escalation of the two countries' trade war.
Read more: South Korea created a new category of country specifically to punish Japan in their escalating trade war The decision to terminate the GSOMIA came shortly after Japan and South Korea's foreign ministers met in Beijing on Wednesday and Thursday, but failed to achieve a breakthrough, Yonhap and Reuters reported. "Although ties between Japan and South Korea are in a very tough situation, we believe we should cooperate with South Korea where cooperation is necessary," Japanese Chief Cabinet Secretary Yoshihide Suga said Thursday, shortly before Seoul's announcement to end GSOMIA, Reuters reported.
Tensions bubbled to the surface late last year when the South Korean Supreme Court ordered Japanese companies to compensate Korean laborers who were forced to work for them during World War II.
Japan and South Korea failed to make headway in this meeting.
GSOMIA went into effect in November 2016, and was apparently created out of the US's strong encouragement, Yonhap and the Associated Press (AP) reported.
Tensions bubbled to the surface late last year when the South Korean Chinese Premier Li Keqiang (center) at a meeting with Japanese Foreign Minister Taro Kono (left), South Korean Foreign Minister (second-left), and Chinese Foreign Minister Wang Yi (second-right) in Beijing, China, on Thursday.Those moves mean that Japanese and South Korean exporters of "strategic" goods will now have to go through additional screening to sell abroad.