South Korea's Moon pledges action against Japan's "unfair" trade step

President Moon Jae-in vowed on Friday to take stern action against Japan's decision to strip South Korea of its fast track export status, calling it a reckless and unfair retaliatory action by Tokyo.

"We won't be defeated by Japan again," Moon told a cabinet meeting in a rare live broadcast, but without giving details of possible countermeasures, however.

He also criticised Japan as a "selfish nuisance" for disrupting the global supply chain.

Also Read: UPDATE 2-Japan's cabinet approves taking S. Korea off favoured trade list