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Economy / South Korea

Island Dispute Continues

September 2006 | Ratings Update

South Korea and Japan made no real progress during two days of talks intended to settle the territorial dispute involving deserted islands claimed by both countries. The talks addressed claims for economic exclusion zones around the islands, which sit among rich fishing grounds and above what South Korea claims could be billions of dollars worth of gas hydrate deposits. Given that the recent Yasukuni war shrine controversy led Seoul to restrict high level contact to meetings between vice-foreign ministers, we remain sceptical as to how much will be achieved in the talks, which are to resume in Tokyo on a

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