S. Korea to File WTO Complaint over Chip Export Controls
Seoul, Sept. 11 (Jiji Press)--South Korea's Ministry of Trade, Industry and Energy announced Wednesday that it will file a complaint with the World Trade Organization against Japan's decision to tighten controls on exports of three semiconductor materials to the country.
South Korea will request the same day bilateral talks with Japan under the WTO's dispute settlement procedure, South Korean trade minister Yoo Myung-hee said at a press conference.
Yoo criticized the tightened export controls as a politically motivated step in connection with a South Korean Supreme Court ruling last October demanding that a Japanese company pay compensation for Korean wartime laborers. The minister also said that the trade policy was a discriminatory measure that singled out South Korea.
South Korean Prime Minister Lee Nak-yon had previously said that Seoul would proceed smoothly with work to file a WTO complaint over the issue, and the announcement by Yoo made the move official.
[Copyright The Jiji Press, Ltd.]