Worldwide

South Korea urges Japan to scrap export curbs, pledges help to firms

South Korea urges Japan to scrap export curbs, pledges help to firms”

South Korea plans to complain to the WTO.

Japanese and South Korean officials plan to hold talks in Japan as early as this week on the export restrictions, the Yomiuri Shimbun said Tuesday.

"The Japanese government's move to inflict damage on our economy to serve political purposes and link (the issue) with sanctions against North Korea without any evidence is surely not ideal for the friendship and security cooperation between the two countries", Moon said.

Tokyo last week tightened the approval process for Japanese shipments of photoresists and other sensitive materials to South Korean companies. Japan is also considering removing South Korea from a list of trusted export markets, a move that could affect a broader swath of products. "It should no longer walk straight toward a dead-end street", Moon said in a meeting with senior executives from 30 of South Korea's biggest companies, including the Samsung, Hyundai and SK conglomerates.

Major Japanese dailies criticized Prime Minister Shinzo Abe's export restrictions announced on July 1, warning that they breach World Trade Organization rules and, due to the complexities of the supply chain, hurt Japanese business as well.

At Wednesday's meeting, Moon repeated that the government is seeking diplomatic solutions, and urged the Japanese government to respond appropriately.

"The measure is not a subject for consultation and we have no intention of withdrawing it either", Japanese Chief Cabinet Secretary Yoshihide Suga told a news conference.

More news: Kilometer-sized asteroid orbits the sun every 151 days

The dispute stems from Japan's frustration over what it sees as South Korea's failure to act in response to a ruling by one of its courts last October ordering Japan's Nippon Steel (5401.T) to compensate former forced laborers. According to the data, the number of illegal exports of such materials between 2015 and March this year came to 156.

While the stricter checks that took effect Thursday don't amount to a ban, exporters would be required to obtain a separate license each time they want to sell the materials to South Korea, causing delays.

"We applied the simplified procedures before to Korea, but now we changed, and just normal procedures will be applied - are applied - to (South) Korea".

"I want to ask why President Moon can not ask President Trump to persuade Japan (to mend its ways)", Liberty Korea Party Floor Leader Rep.

She went on to say that the US by not intervening in the issue "again revealed the current state of South Korea-US relations".

South Korea's trade ministry is in talks with its Japanese counterpart about the timing and agenda, but nothing has been decided, a ministry spokeswoman said.

While noting that South Korea-Japan relations are unlikely to improve in the near future, she warned that the two sides should avoid taking a hard-line position.



Like this

loading...
loading...

Latest


30 August 2019
The FIBA Basketball World Cup Is Starting, Can Someone Stop Team USA?
The two Balkan sides have a bunch of NBA stars in their ranks, as well as players from the top European basketball leagues. The teams will then have the chance to rest for 2 days, before returning for the second group stage on September 7 th .

10 July 2019
After journalists call to boycott Kangana Ranaut, Ekta Kapoor's production house apologises
Her film " Judgementall Hai Kya " is getting ready for release on 25th July and obviously the producer would be anxious . Ranaut's sister and manager Rangoli Chandel said on Twitter on Tuesday afternoon that the actor would not apologise.

10 July 2019
Bank of Canada holds rates, frets about trade war damage
The changes, including stricter inspections on Canadian goods by Chinese authorities, have come amid a bilateral diplomatic dispute.

10 July 2019
Stranger Things 3 sets new Netflix streaming record
Meanwhile, for those wanting an extra taste of the Stranger Things world, Coca-Cola is bringing Hawkins to Shoreditch. As we said, it's pretty obvious all these things are on the table considering how the season ended.

10 July 2019
Springbok legend James Small dies age 50
Ruben Kruger died of brain cancer in 2010, while Joost van Der Westhuizen died of motor neuron disease in 2017. He also became the first Springbok to ever be sent off, as a result of dissent towards referee Ed Morison.

10 July 2019
Apple Co-Founder Wozniak Tells Users to Get Off Facebook
He thinks social media sites should give users the option to pay to keep their private data out of the hands of advertisers. Apple's co-founder, Steve Wozniak , thinks that everyone should join him in deleting their Facebook accounts.

10 July 2019
Pokemon Go: Niantic Labs Anticipates the Arrival of Team Rocket
There are also going to be some new features in the game, including another chance for you to capture unique Pokemon Entei. If you observe the reports, you can see that many beta users are pointing out that Beta builds are not CTS certified yet.

10 July 2019
This Transforming Smartwatch Can Become A Tablet: Patent
There are four compartments to the device in smartwatch mode with each of the compartments storing a pair of screen tiles. The patent shows a rectangular shaped smartwatch that has a thicker than usual casing underneath the display.

10 July 2019
Raspberry Pi 4 doesn't work with some USB-C chargers
More specifically, it doesn't work with so-called e-marked cables, such as those used on Apple Macbooks and several other laptops. It's not a calamity, then - you'll just want to be careful if you're going to use a Pi 4 as the heart of your next DIY project.

10 July 2019
Women's British Open: Prize money increased by 40%
The R&A is using its own funds to increase the total payout by almost 40% - or $1.25 million - to $4.5 million. The championship was taken over by the R&A after their merger with the LGU in January 2017.