South Korea readies stimulus to soften impact of Japan trade rift

Tokyo says removal of Seoul's special status adheres to WTO rules

20190803 SOUTHKOREA-JAPAN/LABORERS

South Korean people chant slogans during an anti-Japan rally near the Japanese embassy in Seoul on Saturday. © Reuters

SOTARO SUZUKI, MARIE SAHORI and JUNICHI SUGIHARA, Nikkei staff writers

SEOUL/BANGKOK/BEIJING -- Seoul decided on Saturday to fast-track a 273.2 billion won ($226 million) stimulus package to help buffer South Korean companies from its deepening trade rift with Japan.

The decision to expedite the package was made at a special cabinet meeting. The money will go towards diversifying suppliers and localizing production of materials and components that depend on Japan. 

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