Japan to Tighten Controls on Exports of Semiconductor Materials to S. Korea
Tokyo, July 1 (Jiji Press)--The Japanese government said Monday that it will tighten controls on exports of semiconductor materials to South Korea, effective from Thursday, in apparent retaliation against the neighboring country over the issue of wartime labor.
Subject to the tighter export controls will be resists, hydrogen fluoride and fluorinated polyimide, which is used in organic electroluminescent displays for smartphones and other products.
Japanese companies are believed to have combined shares of around 70 to 90 pct in global markets for each of the three items.
The announcement came on the heels of the Japan-chaired Group of 20 summit in the two days through Saturday, which produced a joint declaration calling for free, fair and nondiscriminatory trade.
The Japanese government, as a self-proclaimed champion of free trade, has been voicing concerns over trade control measures, while the United States, under President Donald Trump, takes a protectionist stance, considering additional automotive tariffs on the grounds of national security.
[Copyright The Jiji Press, Ltd.]