• Kyodo

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Japan asked South Korea on Tuesday to launch bilateral talks over what it sees as Seoul’s unfair subsidies for shipbuilders, but a government source said the dispute will most likely go to the World Trade Organization.

Tokyo believes that massive assistance provided to the South Korean shipbuilding industry by government-affiliated financial institutions goes against international trade rules, but Seoul has resisted reviewing its subsidy program, claiming the institutions provide the assistance at their own discretion.

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