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South Korean economic body urges reconsideration

A major South Korean business body has submitted a letter to the Japanese government urging it to reconsider the export restrictions.

 

The Federation of the Korean Industries says the trade curbs could affect supply chains for semiconductors and display panels. It says some of the products made in South Korea have a nearly 90 percent share of the global market.

 

It also says the measures could damage Japanese companies that import semiconductors as well as the tourism industry.

 

The business group points out that the restrictions could also threaten security cooperation and the image Japan projects as a “leader of free trade.”

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