Japan said it “did not consider“ the withdrawal of export restrictions to South Korea, and South Korean companies tried to seek help from China

2020-08-02 11:45:06 0 Comment 2842 views
abstract

Foreign media said that senior Japanese officials responded on July 9 to South Korea’s call for the removal of high-tech export restrictions. The disp

Foreign media said that on July 9th, senior Japanese officials responded to South Korea’s call for the removal of high-tech export restrictions. At present, the dispute between the two countries over the forced conquest of South Korean labor by Japanese companies during World War II has further escalated.

According to a Reuters report on July 9, Japan’s Minister of Economy, Trade and Industry Hiroshige Seko stated that Japan “has no consideration” to lift high-tech export restrictions on South Korea, and the export restrictions do not violate the World Trade Organization ( WTO) rules.

He stated at a regular press conference after the cabinet meeting, “Whether Japan implements further export restrictions depends on South Korea’s response.”

The restriction order applies to three types. Japan’s dominant raw materials: photolithography materials (thin films used to transfer circuit diagrams to semiconductor substrates), high-purity hydrogen fluoride (used as etching gas in the chip manufacturing process), and fluorinated polyimides (used to make smartphones) Display).

According to the Nikkei News last week, Japan produces about 90% of fluorinated polyimide. According to a government report, about 90% of photoresist is produced in Japan.

In addition, according to South Korean industry data, in the first five months of this year, South Korea imported these three materials from Japan with a cumulative value of US$144 million.

Japan said it “did not consider“ the withdrawal of export restrictions to South Korea, and South Korean companies tried to seek help from China

Reported that the dispute between the two countries over the forced recruitment of South Korean labor may disrupt the global supply chain of South Korean memory chips and smartphones, and important companies such as South Korea's Samsung Electronics and SK Hynix will be affected.

Korea stock market composite stock price index.KS11 inSekoi fell after his speech.

Previously, South Korean President Moon Jae-in urged Japan on the 8th to lift restrictions on the export of high-tech materials to South Korea. He added that if South Korean companies suffer losses for this, South Korea does not rule out taking countermeasures.

Reported that South Korea plans to appeal to the WTO.

According to Japan’s Yomiuri Shimbun report on July 9, Japanese and South Korean officials plan to hold talks on export restrictions in Japan as soon as this week.

Japan’s Chief Cabinet Secretary Yoshihide Suga stated that South Korea has asked Japan to explain its export restrictions, and working-level officials will respond. He said that a timetable is being arranged.

A spokesperson for the Ministry of Trade, Industry and Energy said that the department is negotiating with Japanese counterparts on the time and agenda, but they have not yet been finalized.

On Tuesday (9th), according to Reuters, the chairman of the Korea Semiconductor and Display Technology Association-ParThe words of k Jea-gun reported that Samsung Electronics and SK Hynix are trying to increase purchases from suppliers in mainland China or Taiwan.

In addition, he added that this includes testing intentions for companies that may have surplus inventory outside of Japan.

Coincidentally, SK Securities analyst Kim Young-woo also said that South Korean chip manufacturers have sent sales teams to joint ventures operated by factories and suppliers outside Japan to ensure inventory.

In this regard, Samsung Electronics stated that it has been evaluating a number of measures to minimize the impact of Japanese export controls.

According to a Samsung Electronics company official, the company’s vice chairman Li Zairong will arrive in Tokyo on Sunday. The company source did not disclose more details about what measures Samsung will take.

avatar