After Seoul announced that Japan and South Korea will be holding senior-level talks in December, some analysts said the development suggests relations may be thawing for now.
South Korea's trade ministry said on Friday it had agreed to hold senior-level talks with Japan in the third week of December to discuss export controls, according to a Reuters report. The two Asian powerhouses have recently been locked in a trade dispute that started in July whenwhich are critical for making semiconductors and display screens.
The leaders of the two nations have realized they "have a responsibility to demonstrate to other Asian nations that rules-based free trade is the best foundation for shared prosperity not just in Korea and Japan, but all across Asia and the world," Koll told CNBC via an email.
"These instances reflect that any short-term solution they reach will only be a shaky one at best as they still have deep-seated mistrust against each other," said the EIU's Adenwala.
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