S. Korea Hints at Retaliation against Export Controls by Japan
Seoul, July 4 (Jiji Press)--South Korean Deputy Prime Minister Hong Nam-ki on Thursday left open the possibility of the nation taking retaliatory action against Japan's tightened controls on semiconductor materials exports to South Korea.
The South Korean government will consider a variety of possible countermeasures unless Japan withdraws the measure, introduced on Thursday, Hong, also minister of economy and finance, said on a radio program.
He expressed deep regret over Japan's move, saying that South Korea clearly recognizes it as a retaliatory step taken against South Korean judicial decisions over the issue of wartime labor, which has strained the East Asian neighbors' ties in recent months.
Last year, South Korea's supreme court ordered Japanese companies to pay compensation to Koreans requisitioned to work for them during World War II. The Japanese government takes the position that the wartime labor issue was resolved by a 1965 bilateral agreement on property and claims.
Hong also said Japan itself will suffer from the tightened export controls.
[Copyright The Jiji Press, Ltd.]