South Korea Suspends Decision to Withdraw from GSOMIA with Japan
|Considering all the U.S. pressure that the Moon administration has been facing from the U.S. this must be the face saving way they are attempting to maintain the GSOMIA without looking like they backed down:
South Korea announced a decision Friday to “conditionally” suspend the expiry of a military information-sharing accord with Japan.
South Korea has also decided to temporarily halt a petition process at the World Trade Organization while negotiations with Japan on the two sides’ export control policies go on, Kim You-geun, deputy director of Cheong Wa Dae’s national security office, said at a press briefing.
He added the two sides have agreed to resume working-level talks to discuss the export controls.
It paves the way for the two sides to focus on substantive dialogue, at least for the time being, on pending bilateral issues such as compensation for wartime forced labor and the trade dispute. Depending on progress, President Moon Jae-in may hold one-on-one summit talks with Prime Minister Shinzo Abe next month.
Seoul’s announcement was made six hours before the expiry of the General Security of Military Information Agreement (GSOMIA), scheduled at the end of the day.
A key condition is that South Korea can terminate GSOMIA at any time it wants and Japan has expressed “understanding” over it, Kim said.
Yonhap
You can read more at the link.
South Koreans can’t handle power or freedom.
Commie Moon blinked.
Foreign investors withdrew $2B of Korean stock in the last 12 days due to the looming economic instability caused by Moon’s policy blusters including GSOMIA. Joongang Ilbo article below.
It’s the economy, stupid.
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