Скачать или смотреть [NEWS IN-DEPTH] Analysis on Korea-Japan trade friction

일본 수출 규제 조치, 대응은?

We've entered the 13th day since Japan's export curbs of high-tech materials against Korea,... and Seoul-Tokyo tensions are showing no sign of abating.
President Moon Jae-in has sent a grave warning to Japan, saying that the measures will backfire, eventually hurting Japanese firms,... to which Tokyo's Chief Cabinet Secretary Yoshihide Suga said the measure will be imposed for national security reasons, not as retaliation.
This, while diplomatic and economic efforts continue to mitigate impact.
Today we go in-depth on the issue with Dr. Yang Jun-sok, Professor of Economics at the Catholic University of Korea.

1. Japan has not given one single export approval to Korea-bound core semiconductor materials over the last 13 days. The deadline for the approval is 90 days. Do Korean firms have to wait for another 77 days to see if they can import the materials they need?
2. Korean firms are busy looking for alternatives that can replace materials from Japan. Samsung Electronics has reportedly obtained emergency supplies of three key materials following Vice Chairman Lee Jae-yong's visit to Japan,... and SK Hynix is known to be testing home-made high-purity hydrogen fluoride. The government is also looking to diversify its import channels, including Russia and Taiwan. How do you assess on-going efforts? Sufficient?
3. Japan also said that it will exclude Korea from its 'whitelist' of trading partners that were given export privileges. Japan plans to collect opinions this month and make a final decision in August. If Korea is excluded from the list, what kind of impact would it have?
4. Japan is citing the fact that Korea has not implemented catch-all restrictions on conventional weapons, and the absence of bilateral consultations in recent months... as grounds for pulling Korea out of the whitelist. Your thoughts on this?

5. The Korean government is reportedly setting its strategy against Japan's move to pull South Korea out of the whitelist. What could be done about this?
6. The recent Seoul-Tokyo trade friction is shedding new light on bilateral trade relations between the two nations. And Korea, the U.S. and Hong Kong are Japan's three major trade surplus nations. In fact, Korea has been posting trade deficit against Japan for more than five decades now. Then doesn't this mean a loss for Japan as well?
7. What other option are there for Seoul to reduce dependency on Japanese imports, especially on high-tech materials?
8. Japan's export curbs are adding to currency market uncertainties ahead of the Bank of Korea's monetary policy meeting set for this Thursday. A rate freeze is widely expected, what's your forecast for this month and the next?

#Japan #exportrestrictions #retaliations #Japanscurbs #forcedlabor #exportrestrictions

Arirang News Facebook:   / arirangtvnews