Japanese trade restrictions: S Korea holds talks with Pompeo

Japanese trade restrictions: S Korea holds talks with Pompeo

Agency News

Seoul, Jul 11 : South Korean Foreign Minister Kang Kyung-wha held a telephone conversation with US State Secretary Mike Pompeo, expressing her concerns about Japan’s restrictions on high-tech materials exports to the South, the South Korean Foreign Ministry said on Thursday.

Last week, the Japanese government canceled preferential treatment for the export of fluorinated polyimides, photoresist and hydrogen fluoride to South Korea, dealing a serious blow to the nation's high-tech industries. "Minister Kang said that given that Japan's trade restriction step could cause damage to our companies and have a negative impact on the world trade order, as well as on US firms, by disrupting the global supply system, it is undesirable in terms of the friendly cooperative relationship between South Korea and Japan and of trilateral cooperation among the South, the US and Japan," the ministry said in a statement.

According to the outlet, Kang also expressed hope that Seoul and Tokyo would reach a solution to their row through dialogue. Pompeo, in his turn, expressed his understanding and noted the need to boost US-South Korean-Japanese cooperation.

Japan's decision to introduce restrictions on hi-tech materials exports to South Korea is believed to be a response to Seoul’s last year’s decision to order Japanese companies to provide compensation to the victims of forced labor during the Japanese colonization of the Korean Peninsula in 1910-1945.(UNI)