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Monday, July 22, 2019, 14:21
Uniqlo maker apologizes for S. Korea-Japan trade spat remarks
By Bloomberg
Monday, July 22, 2019, 14:21 By Bloomberg

Japan’s largest clothing maker Fast Retailing Co issued an apology on its South Korean website for remarks that angered South Korean customers amid the trade spat between Japan and South Korea.

Fast Retailing clarified that the remarks were intended to mean that the company “hoped” the impact wouldn’t be long-lasting

At its earnings press conference on July 11, the Uniqlo owner’s CFO Takeshi Okazaki said he “thinks” that the impact of a boycott of Japanese goods wouldn’t last long.

READ MORE: ROK boycott Japanese brands as diplomatic row intensifies

In its statement, Fast Retailing clarified that the remarks were intended to mean that the company “hoped” the impact wouldn’t be long-lasting, and apologized for upsetting South Korean customers.

The remarks were “insufficient,” it said, and unintentionally conveyed the impression that the company expected the boycott movement wouldn’t last long. It also posted the remarks on its Japanese website.

ALSO READ: ROK leader says Tokyo's trade curbs will hurt Japan more

Credit-card purchases at Uniqlo stores in South Korea dropped 26% recently, according to an analysis by a credit card company cited by the JoongAng Ilbo newspaper.


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