Analysis of the impact of excluding Japan from South Korea's export preferential countries Ministry of Economy, Trade and Industry August 13, 7:28
In response to South Korea ’s policy to exclude Japan from preferential export control countries in September, the Ministry of Economy, Trade and Industry will explain why Korea has taken this measure and how much it will affect Japanese companies. We will proceed with the analysis.
The Korean government has stated that it will exclude Japan from the preferential countries for export control on the Korean side from next month. It ’s difficult to work closely with countries that generate such things. ”
In this regard, the Ministry of Economy, Trade and Industry has participated in all international export control frameworks related to security and responded to regulations covering a wide range of items to prevent diversion to conventional weapons as well as weapons of mass destruction. And the Korean side is not sure why to exclude Japan from the preferential export control countries.
South Korea is Japan's fifth largest importer, and petroleum products, steel, and semiconductors, including semiconductors, occupy the top ranks of imported products. The reason why the Korean side took this measure and the impact on Japanese companies. We are going to proceed with the analysis of how much is covered.
On the other hand, the Korean side says that it will be ready to respond if there is a request for consultation from Japan before implementing the measures.
The Minister of Economy, Trade and Industry of Seko said at the press conference on the 8th of this month that the Korean side unilaterally announced the contents of the briefing on strengthening export control held on July 12th. Unless we can do this, we cannot have a director-level policy dialogue. First, we want to seek action from the Korean side. ”
It is unclear whether there will be a forum for dialogue between the two countries.