Korea seeks US intervention in Japan trade spat - Mobile World Live

Korea seeks US intervention in Japan trade spat

12 JUL 2019

South Korea asked the US to step in to help resolve a bitter diplomatic row with Japan which threatens to severely hamper chip and smartphone manufacture, China Daily reported.

Japan and Korea are embroiled in a spat which has so far resulted in the former announcing it would limit exports of three chemicals used by some of Korea’s most prominent technology companies.

In response, Korea unveiled a massive investment plan to produce its own materials and limit imports. Politicians have also called for a budget of KRW300 billion ($255 million) to be set aside to help companies deal with the current crisis.

Korea’s foreign minister reportedly discussed the issue with the US Secretary of State in a bid to ease tensions. The US apparently agreed to help facilitate a conversation between the two countries.

Separate reports from Yonhap News Agency today (12 July) added a senior official from the country’s foreign office was in Tokyo, engaged in talks to try and diffuse the row and remove trade restrictions.

Among the goods impacted by Japan’s order are specialist materials used in the production of chips and smartphone displays, which are vital in many of the electronics produced in Korea.

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Chris Donkin

Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved...

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