South Korean Firms To Keep Production Despite Japan’s Limitations

Seoul, July 14 (Prensa Latina) South Korean technology companies assured on Sunday to have a reserve of materials to keep equipment production going, although Japan banned the sale of certain products.

Vice President of Samsung Electronics, Lee Jae-yong, affirmed they can keep up the pace because they already have an adequate amount of the three key high-tech materials subject to Japanese restrictions against South Korea: fluorinated polyimide, photosensitive resin and fluoride of gaseous hydrogen.

 

Yonhap agency reports there is no definitive solution to the problem, since Japan’s trade dispute may last in the future; Lee ordered affiliates to prepare for contingency plans.

On July 4, Japan banned the sale to South Korea of the three materials used in semiconductors and displays of electronic devices, a measure that, according to Seoul, is a reprisal for sanctions on Japanese companies to compensate South Korean victims of forced labor during the Second World War.

Officials from both Asian countries met yesterday in Tokyo but they failed to reach an agreement to resolve the trade dispute.

According to the Japanese government, South Korean controls are too lax and some of these materials are sent to the Democratic People’s Republic of Korea (DPRK), a country that could use them to manufacture weapons.

This commercial conflict is part of the constant friction between Japan and South Korea in recent months due to issues related to the Japanese colonization of the Korean peninsula from 1910 to 1945.

The post South Korean Firms To Keep Production Despite Japan’s Limitations appeared first on Independent Newspapers Nigeria.

Source: Independent

CLICK HERE TO READ FULL CONTENT

Brought to you by: RIDBAY | WEBSITE DESIGN & DIGITAL MARKETING