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The Blue House urgently held a National Economic Advisory Council to find a solution to Japan's export control retaliation. President Moon Jae-in repeatedly criticized Japan's white list exclusion measures and asked participants to provide a comprehensive and fundamental response.

I'm Jeon Byung-nam.

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President Moon Jae-in presided over the National Economic Advisory Council in eight months since December last year.

It is an urgent meeting to hear opinions from academia and the field about Japan's economic retaliation.

[President Moon Jae-in: We need to watch a bit more about where Japan will lead this situation. Your wisdom is more urgent than ever.]

Mr. Moon said Japan has undermined the order of a highly international division of labor and that Japan will eventually lose credibility in the international community.

Whatever the excuse, we reiterated that Japan's action is economic retaliation following the US Supreme Court's ruling.

At the same time, it urged Japan to withdraw its export control measures.

He also said that this opportunity should be a chance for our economy to take a new leap forward.

[President Moon Jae-in: Through this situation, we have to look back on our economy and make it an opportunity to take a leap forward by improving the constitution and industrial ecosystem of our economy.]

It was known that Kim Sang-jo, head of policy at the Blue House, had a meeting with key executives from five major groups including Samsung, Hyundai, and SK, and discussed practical solutions for localizing parts and materials.