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Japan's export restrictions on high-tech materials to S. Korea begin Thursday

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our top story this morning Japan's decision to curb exports of semiconductor related materials to South Korea takes effect today it's a move that's sure to escalate the already high tensions between the two neighbors over historical issues now refuting reports that Aki's Tokyo of breaching WTO regulations and the spirit of free trade Japanese Prime Minister Shinzo Abe insists the restrictions were not an embargo on South Korea our kim eun-sun starts us off Japan's export restrictions on semiconductor and display materials to South Korea begin Thursday amid the continued diplomatic row over Tokyo's use of Koreans for forced labor during World War two Tokyo s trade ministry abruptly announced this week that experts to Seoul of high-tech materials used in semiconductor and smartphone production will have to be approved on a contract by contract basis it at a South Korea will be removed from its list of countries such as the US and European nations that have minimum restrictions on trade speaking at a political debate in Tokyo on Wednesday Japanese Prime Minister Shinzo Abe is stressed the move is not an embargo if another country doesn't keep their promise you can't have preferential treatment like before and some media don't report this properly but it's not an embargo it just means you can't have preferential treatment as you have so far the restriction should not be linked to historical issues between the two countries insisting the move to stop violates WTO rules building a question of Japan's new restrictions Seoul's foreign minister kang gyeongmo said Wednesday that our ministry has used various diplomatic channels to demand Tokyo scrap the ban calling it an unreasonable retaliatory measure Kang said it will hurt bilateral economic ties and global trade vowing to work with other countries who could also be affected South Korea says is drawing support from places you might not expect Japan's Asahi Shimbun publish an editorial on Wednesday urging Tokyo to withdraw such measures that go against a principle of free trade it also noted how such a move is in stark contrast with the Tecla in Japan made as the host of last week's g20 summit in Osaka during which a stress tray shall be free fair and non-discriminatory the Tokyo Shimbun also criticized the Japanese government for its not so wise decision to escalate tensions through trade restrictions other media outlets in China the UK and the US also pointed out that such a move who only harm Japan with the Wall Street Journal condemning Tokyo for taking a page from president Trump's playbook kim yusin arirang news meanwhile japanese billionaire of Korean descent a CEO of south bank will meet Chiefs of South Korean conglomerates including the vice chairman of Samsung Electronics EJ young now our sohn jung-in known in japan as Masayoshi son is also scheduled to visit the presidential blue house for meeting with president moon so it remains to be seen whether any possible solutions to japan's export restrictions to South Korea will come from these meetings today

Source: Youtube

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