SEOUL, Aug. 5 (Xinhua) -- The South Korean Defense Ministry said Monday that it was reviewing whether to maintain a military intelligence-sharing pact with Japan amid an escalating trade row.

"Regarding the renewal of GSOMIA, the government is reviewing whether it is right to continue exchanging sensitive military intelligence with a country that takes issue with the lack of trust and the security-related problems," Defense Ministry spokesperson Choi Hyun-soo told a press briefing.

Asked about the rising speculation to rescind the bilateral intelligence-sharing pact, the spokesperson said nothing has been decided yet.

It was the reiteration of an announcement by the presidential Blue House, which was made on Friday after Japan's removal of South Korea from its whitelist of trusted trading partners that are given preferential procedure for export.

On July 4, Japan tightened regulations on its export to South Korea of three materials crucial for the production of memory chips and display panels, which are the mainstay of the South Korean export.

The General Security of Military Information Agreement (GSOMIA) was signed in November 2016 by South Korea and Japan despite strong oppositions from the South Korean public.

Many South Koreans saw the deal with Japan as unacceptable because the Japanese leadership had yet to sincerely apologize for its militaristic history. The Korean Peninsula was colonized by Imperial Japan between 1910 and 1945.

The GSOMIA had been automatically renewed each year in August. If either party wants to scrap the pact, the party will be required to notify the other of its intention 90 days in advance. This year's notification deadline falls on Aug. 24.