SEOUL—South Korea's economy won't benefit from a prolonged breakdown
in relations between Japan and China because it would damage
increasingly interlinked trade in the region, Seoul's trade minister
said.
A simmering diplomatic feud between Beijing and Tokyo heated up on
Wednesday when top Chinese financial officials canceled plans to attend
meetings of the International Monetary Fund and World Bank in Japan. The
dispute, over contested islands, has also hurt sales of Japanese cars
in China.
South Korea's auto makers have in turn benefited from a jump in sales
in China, but Trade Minister Bark Tae-ho said Seoul was not "sitting
there and feeling happy."
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