Japan's Ministry of Economy, Trade and Industry said talks with South Korea this month showed that its controls over trade in sensitive materials with both civilian and military uses are now as effective as those used by Japan.
Japan trade ministry to restore preferred trade status for South Korea
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Japan's Ministry of Economy, Trade and Industry announced that effective Thursday the country would lift export controls of three key semi-conductor-related materials imposed in 2019 against South Korea, while Seoul said it would drop its complaint with the World Trade Organization over the issue.
Japan, South Korea drop export claims against each other
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