Japan Begins Talks to End Strict Export Controls on South Korea

The Economy, Trade and Industry Ministry building in Chiyoda Ward, Tokyo
18:00 JST, March 6, 2023
The Economy, Trade and Industry Ministry announced Monday that it will begin bilateral talks to ease its tightened export controls for semiconductor materials and other exports to South Korea. The two countries will soon hold an export control policy dialogue after South Korea suspended its appeal to the World Trade Organization over the controls.
In its announcement, the trade ministry said that it will “promptly hold consultations” on pending issues between Japan and South Korea regarding export controls in order to return to the situation prior to the introduction of the strict controls.
In July 2019, the Japanese government imposed tightened export controls on South Korea for three items, including hydrogen fluoride, which is used to clean semiconductors. The Japanese side described the measures as a security response, but some viewed the move as retaliation for South Korea’s handling of the issue of former wartime requisitioned workers.
South Korea had filed a case with the WTO in September 2019, claiming that the export control measures for the three items were unfair.
"Business" POPULAR ARTICLE
-
Rice Prices Rise for 15th Straight Week, with Releases of Stockpiled Rice Slow to Circulate
-
U.S. Tariffs to Deal Serious Blow to Asia’s Emerging Economies; Firms with Production Bases in Southeast Asia May Be Forced to Restructure
-
Groundbreaking Ceremony Held for Japan’s 1st Casino Resort; Site Set to Open in Fall of 2030
-
Stock Prices Swing: Red and Blue Change Places Daily in Tokyo
-
Trump Aims to ‘Shock and Awe’ with Tariff Policy; Japanese Business Leader Examines U.S. Moves
JN ACCESS RANKING