Seoul Asks Tokyo Not to Remove S. Korea from "White List"


Seoul, July 19 (Jiji Press)--The South Korean trade ministry on Friday asked Japan not to remove South Korea from the "white list" of trustworthy countries qualified for simplified export procedures.

In a statement, the ministry expressed concerns, saying that the planned Japanese measure would have an enormous influence on not only the two countries' economies but the global supply chain.

The ministry also called for a bureau chief-level meeting with Japan to discuss further about South Korea's export control system and its operation.

On the tighter controls on semiconductor materials exports to South Korea implemented this month, the Japanese government says that it just ended special preferential treatment and brought back the normal procedures.

Meanwhile, the South Korean ministry said Japan's action is beyond the level of a country's export controls, adding that the action gives negative impact on the global supply chains and consumers around the world.

[Copyright The Jiji Press, Ltd.]

Jiji Press