Will more Japanese firms exit South Korea as tensions rise after ‘comfort women’ ruling?

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Car manufacturers, clothing firms and electronics makers – including heavyweights Nissan and Olympus – were among the 45 Japanese companies that withdrew from the South Korean market in the financial year ending March last year, with analysts anticipating an increase in this figure amid the impact of Covid-19 and deteriorating relations between Tokyo and Seoul.Camera giant Olympus pulled out of South Korea in June last year, while carmaker Nissan left in December. While they were among the…

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