FILE PHOTO: South Korean President Moon Jae-in delivers his speech on the government’s 2019 budget proposal during a plenary session at the National Assembly in Seoul, South Korea, November 1, 2018. REUTERS/Kim Hong-Ji/Pool
July 8, 2019
SEOUL (Reuters) – South Korea’s President Moon Jae-in has urged Japan to withdraw export controls on high-tech materials bound for South Korea, he said on Monday, calling the restriction a bid to limit bilateral private trade with a political aim.
In his first public remarks on Japan’s restriction on exports to South Korea, Moon said the issue had became a concern for the world as it put a global supply chain at risk.
South Korea’s tech giant 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 [HWT.UL] – could face delays if the measures that took effect on Thursday drag on.
(Reporting by Ju-min Park and Hyonhee Shin; Editing by Robert Birsel)
