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South Korea says may retaliate against Japan high-tech export curbs


Added 07-04-19 07:03:02am EST - “South Korea said on Thursday it may retaliate against Japan's latest export...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “South Korea says may retaliate against Japan high-tech export curbs”. Below is an excerpt from the article.

SEOUL (Reuters) - South Korea said on Thursday it may retaliate against Japan’s latest export limits on high-tech materials, as a row over forced wartime labor threatened to disrupt global supplies of memory chips and smartphones.

Samsung Electronics Co (005930.KS) and SK Hynix Inc (000660.KS) - the world’s top memory chipmakers, and suppliers to Apple (AAPL.O) and China’s Huawei Technologies - could face delays if the measures that took effect on Thursday drag on.

“Implementing corresponding measures against Japan cannot be ruled out,” Finance Minister Hong Nam-ki told South Korea radio. He said the trade row could cause “unfortunate damage to both Korean and Japanese economies”.

The dispute is the latest flashpoint in a quarrel over South Korean efforts to seek compensation for Japan’s use of forced wartime labor, which got fresh impetus from South Korean court rulings last year.

The curbs on exports of three materials used in South Korean chips and smartphone displays, which Japan had announced on Monday, will disrupt the global supply chain, South Korea’s trade minister said.

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