Will the trade tussle between South Korea & Japan ever going to end?

It was informed by a senior official of South Korea’s presidential office that the government will be dealing resolutely with Japan’s tight export restrictions against the country.

Chief of National Security Office ‘Chung Eui-Yong’ met with lawmakers of the ruling party on Tuesday to do a discussion on the export restrictions Japan launched on the 4th July on key high-tech materials needed for the manufacture of semiconductors.

Chung stated that it is a very serious & reckless challenge which jiggles the foundation of South Korea-Japan friendly relations that have been built up with difficulty since the 1965 establishment of diplomatic ties.

He said that South Korea will be responding resolutely until the government of Japan withdraws the measure.

The ruling party stated that the meeting’s attendees got to explore the intentions & background behind tougher restrictions of Japan. They found out that there are several factors, inclusive of past problems between the two countries, the threat posed by the economic rise of South Korea and enhanced inter-Korean relations.

The attendees decided to make every effort they could to prepare for all possible steps Japan might take, inclusive of additional measures. They also decided to approach neighboring countries to strengthen international cooperation.

President of South Korea ‘Moon Jae-in’ intends to meet the leaders of 5 ruling & opposition parties on Thursday. His, aims are to secure parliamentary support for his plan to provide funds to yield the key high-tech materials domestically.

Ties between the two countries worsened when Tokyo posed restrictions on exports of 3 high-tech materials to South Korea, which are necessary for the manufacturing of semiconductors. Japan also removed South Korea from its ‘white country’ list which is a list of nations which Japan considers to have trustworthy export control systems.

One of those three materials, hydrogen fluoride, was allegedly shipped to North Korea after it was exported to the South. Seoul completely denied those allegations.

Leave a Reply

Your email address will not be published.