S. Korea says Japan to be removed from preferred trade list in Sept.

South Korea's trade ministry said Monday that Japan will be removed around September from a list of countries entitled to preferential treatment in trade.The Ministry of Trade, Industry and Energy said Japan will be placed in a newly established third category in which, in addition to narrowed conditions for applying comprehensive licenses for strategic goods, the approval process will be extended to between five and 15 days, with procedures being tightened.The exclusion measures are to be implemented after a 20-day public comment period, it said."It is difficult to work closely with countr…READ FULL ARTICLE