In a weekly government meeting on state affairs in the administrative capital of Sejong on Thursday, the South Korean Prime Minister (PM) Lee Nak-yon warned that Japan should not further aggravate tensions sparked by its export curbs against the South.
Lee added: “If Japan makes the situation worse, there is a concern that it can spiral out of control. We’re ready for diplomatic consultations. We expect Japan to make a wise decision.”
Despite the ongoing trade spat, the South Korean GDP returned to growth in the second quarter, arriving at 1.1% vs. 1.0% growth estimated.
Meanwhile, the USD/KRW cross keeps its recent trading range intact around 1,175 region, little affected by the rebound in the growth, as market remains concerned over the trade dispute.
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