Japan restricts exports to South Korea, South Korea intends to resort to the WTO

2019-07-02 09:08:51 冠淇科技

South Korea’s Minister of Industry, Trade and Resources, Cheng Yunmo, said on the same day that South Korea will respond to Japan’s restrictions on exports to South Korea, including resorting to the WTO.

Cheng Yunmo said that the relevant departments held a ministerial meeting that morning to discuss the current situation and response measures. The government will adopt countermeasures including resorting to the WTO in accordance with international and domestic laws.

He pointed out that restricting exports not only violates the basic principles of the WTO, but also violates the "G20 Summit of Osaka Summit" and emphasizes the commitment of all parties to free, fair, non-discriminatory, transparent, predictable and stable trade and investment. The environment and the spirit of open market.

It is reported that the Ministry of Economy, Trade and Industry of Japan revised the regulations on export management to Korea on the 1st, and since the 4th, it has restricted the export of three kinds of semiconductor materials: "fluoropolyimide", "photoresist" and "high-purity hydrogen fluoride". These are the materials used to make TV and smartphone parts. The Japanese side explained that this measure was taken because the mutual trust relationship between the two countries was obviously damaged. However, the South Korean media believe that Japan’s move is a counter-measure against the South Korean Supreme Court’s decision to impose a labor case.