Tokyo decided on S. Korean export restriction in May: Yomiuri
- 5 years ago
日정부 "반도체 한국 수출 규제 5월에 결정
The Japanese government announced it would slap export restrictions on parts South Korea needs to make semiconductors and computer displays.
This decision reportedly goes further back,... and was made in May amid its diplomatic row with Seoul.
Kim Hyesung has the full story.
The Japanese government's reportedly decided to impose its export restrictions on chip supplies to Korea back in in May.
The Yomiuri Shimbun said Tuesday that Tokyo considered the chip export restrictions along with other measures like stricter visa conditions for South Koreans in response to the South Korean Supreme Court's ruling last year ordering Japanese companies to compensate Korean victims for wartime forced labor during Japan's colonial rule.
The export restrictions set to go into effect this Thursday affect fluorinated polyimides, photoresists and etching gas, which are used to produce semiconductors and displays.
It means Japanese exporters will have to apply for license for each batch they wish to export to South Korea, a process that could take 90 days.
Japan controls 70 to 90 percent of global production of these three materials, and export restrictions could affect Korean firms like Samsung Electronics and SK Hynix that are already struggling with falling chip exports.
South Korea's trade ministry criticized the move Monday as economic retaliation and said it will look into filing a lawsuit at the World Trade Organization.
"Chemical materials like resist are hard to store. The inventories Korean firms have are estimated to be around one to two months' supply. Japan's export restriction could affect their production of chips due to a delay in shipments or a total ban. There's a reliance on Japanese exports that can't be diversified immediately."
But the move is also likely to hurt Japanese firms, given the interconnected global value chain.
The Nihon Keizai Shimbun said Japan's export restrictions would also affect Japanese firms that have Korean companies as key customers and that a production snag for companies like Samsung Electronics could disrupt production of all electronics goods, including smartphones and TVs, that need semiconductors.
The Korea International Trade Association also released a report saying Japan exported 12 percent, 86 percent, 23 percent of resist, etching gas and fluorinated polyimides to South Korea between January and April, and that a protracted export restriction will hurt Japanese firms.
Kim Hyesung, Arirang News.
The Japanese government announced it would slap export restrictions on parts South Korea needs to make semiconductors and computer displays.
This decision reportedly goes further back,... and was made in May amid its diplomatic row with Seoul.
Kim Hyesung has the full story.
The Japanese government's reportedly decided to impose its export restrictions on chip supplies to Korea back in in May.
The Yomiuri Shimbun said Tuesday that Tokyo considered the chip export restrictions along with other measures like stricter visa conditions for South Koreans in response to the South Korean Supreme Court's ruling last year ordering Japanese companies to compensate Korean victims for wartime forced labor during Japan's colonial rule.
The export restrictions set to go into effect this Thursday affect fluorinated polyimides, photoresists and etching gas, which are used to produce semiconductors and displays.
It means Japanese exporters will have to apply for license for each batch they wish to export to South Korea, a process that could take 90 days.
Japan controls 70 to 90 percent of global production of these three materials, and export restrictions could affect Korean firms like Samsung Electronics and SK Hynix that are already struggling with falling chip exports.
South Korea's trade ministry criticized the move Monday as economic retaliation and said it will look into filing a lawsuit at the World Trade Organization.
"Chemical materials like resist are hard to store. The inventories Korean firms have are estimated to be around one to two months' supply. Japan's export restriction could affect their production of chips due to a delay in shipments or a total ban. There's a reliance on Japanese exports that can't be diversified immediately."
But the move is also likely to hurt Japanese firms, given the interconnected global value chain.
The Nihon Keizai Shimbun said Japan's export restrictions would also affect Japanese firms that have Korean companies as key customers and that a production snag for companies like Samsung Electronics could disrupt production of all electronics goods, including smartphones and TVs, that need semiconductors.
The Korea International Trade Association also released a report saying Japan exported 12 percent, 86 percent, 23 percent of resist, etching gas and fluorinated polyimides to South Korea between January and April, and that a protracted export restriction will hurt Japanese firms.
Kim Hyesung, Arirang News.