Japan and Korea set to meet over trade dispute

Japan and South Korea have agreed to meet in Geneva in an attempt to resolve a deepening trade rift.

The meetings are part of a World Trade Organisation arbitration process.

Last month, Japan struck Korea off its list of trusted trade partners – a move that would curb the export of three materials used in smartphone chips and displays.

Tokyo said the move was over national security concerns, but many see it as retaliation for South Korea’s Supreme Court ordering Japanese companies to pay compensation over wartime labour.