Japan lifts export restrictions on South Korea

                                                                                    INQUIRY

      Japan on Tuesday responded to South Korea's call to lift restrictions on high-tech exports, as disputes between the two countries over the forced expropriation of South Korean labour by Japanese companies during World War II escalated.
The dispute could destroy the global supply chain of memory chips and smartphones in South Korea, as well as key companies such as Samsung Electronics (005930.KS) and SK Hailishi (000660.KS).
Japan's Minister of Economy and Industry, Hirohiro Shigeru, said that Japan had "not considered" lifting restrictions on high-tech exports to South Korea, and that export restrictions did not violate World Trade Organization (WTO) rules.
"Whether Japan imposes further export restrictions depends on the reaction of South Korea," he said at a regular press conference after the cabinet meeting.
The Korean Composite Stock Index. KS11 fell after his speech, reaching 2,060.38 at 0155GMT, down 0.18%.
Earlier, South Korean President Wen Zaiyin urged Japan on Monday to lift restrictions on high-tech materials. He added that if Korean enterprises suffer losses, the ROK would not rule out countermeasures.
South Korea plans to appeal to the WTO.
Japan announced last week that it would tighten restrictions on exports of high-tech materials used in smartphone displays and chips in South Korea, in connection with a dispute over South Korea's ruling on forced labor recruitment in wartime.


INQUIRY sales@hellerbearings.com
  • Details： Japan lifts export restrictions on South Korea

  • Like Model No.:

  • We cooperate with UPS,TNT,FEDEX,EMS,DHL,etc.They guarantee to meet your needs in terms of time and money,even if you need your Japan lifts export restrictions on South Korea bearing tomorrow morning (aka overnight or next day air) on your desk, 2, 3 days or more.Note to international customers, YES, we ship worldwide. INQUIRY -->

    Hot Model No.: