South Korea's Yoon says Japan will return to trade 'white list'

FILE PHOTO: South Korea's President Yoon Suk Yeol delivers a speech to students at Keio University in Tokyo, Japan March 17, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERS

SEOUL (Reuters) - South Korean President Yoon Suk Yeol said on Tuesday he would restore Japan's fast-track trade status after a summit with Japanese Prime Minister Fumio Kishida last week, a move he called crucial for bolstering supply chains in key areas.

Yoon announced the decision at a cabinet meeting, saying South Korea and Japan should make efforts to remove obstacles that hinder developing bilateral ties.