Following Japan's export restrictions on high-tech materials essential for producing semiconductors and display panels-- Korea's top export items--- Seoul authorities and the country's top business leaders are putting their heads together respond to Japan's controversial trade action.<br />Our Park Hee-jun reports. <br />Finance minister Hong Nam-ki and the presidential chief of staff for policy Kim Sang-jo,... will reportedly meet the top executives of major South Korean companies on Sunday to address the issue of Japan's new export controls which came into effect on Thursday.<br />Local media have reported that they will hold face-to-face talks with Chung Eui-sun, executive vice chairman of Hyundai Motor Group,... Chey Tae-won, Chairman of SK Group,... and Koo Kwang-mo, Chairman of LG Group.<br />"I plan to meet them all at once. It's being scheduled. I'll let you know separately when everything has been decided."<br />The heads of Samsung Electronics and Lotte Group are said to be unable to join the meeting due to overseas travel.<br />Samsung Electronics Vice Chairman Lee Jae-yong is believed to be visiting Japan as early as Sunday,... to find ways to minimize the damage on its semiconductor business.<br />A senior Blue House official said on Friday that the top office is actively searching for solutions to the issue by collecting opinions from businesses.<br />As part of such efforts,... the Blue House is also arranging a meeting between President Moon Jae-in and South Korean conglomerate heads,... which will likely focus on addressing the very same issue.<br />President Moon is said to be looking to discuss possible countermeasures with around 30 major South Korean companies, including Korea's five biggest conglomerates.<br />And this issue is also expected to be raised by the president,... during his meeting with top aides on Monday.<br />Park Hee-jun, Arirang News. <br />
