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However, it is expected to take more time to return to the whitelist, which will lead to the simplification of export procedures.
The Ministry of Trade, Industry and Energy announced on March 16th that this was the outcome of the 9th Japan-Korea Export Control Policy Dialogue with the Japanese Ministry of Economy, Trade and Industry.
Both sides exchanged views on the effectiveness of export controls, including the structure of the export control authorities of both countries, the operation of the system, and follow-up controls.
Japan decided to immediately lift the export restrictions imposed in July 2019 on three items, including hydrogen fluoride. In response, the South Korean government decided to implement changes to Japan's export control rules for the three items and withdraw the WTO lawsuits against the three items.
Prior to this, in July 2019, Japan restricted exports to South Korea of three items, including hydrogen fluoride, which is a material for semiconductors and displays, in July 2019 as a de facto retaliatory measure after the 2018 South Korean Supreme Court ruling on compensation for forced labor. South Korea was also excluded from the whitelist in August. In September 2019, South Korea filed a WTO complaint against Japan's export restrictions.
The Ministry of Trade, Industry and Energy said on the same day that the lifting of export restrictions on the three items would not only simplify documents, but would also have significant effects such as eliminating uncertainties for companies and cutting costs.
2023/03/21 09:36 KST
