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Japanese curbs will negatively affect semiconductor value chain and billions of consumers: official

2019-07-17 44 Dailymotion

韓 정부 관계자 "반도체 수출규제, 수십억 소비자에 부정적 영향"<br /><br />a South Korean government official has warned that Japan's export restrictions that target Korea's semiconductor industry,... will hurt companies and consumers around the world.<br />Urging Japan to honor its promise at the G20 Summit in Osaka,... it demanded Japan to immediately retract is export curbs.<br />We begin with our Park Hee-jun. South Korea says Japan's recent trade sanctions will have dire consequences on firms and consumers around the world,... and implored Japan to call off its measures.<br />A government official told foreign correspondents in Seoul Wednesday,... that the export restrictions will disrupt chip production lines,... and severely affect companies like Apple, Amazon, Dell and Sony.<br />They said its effects will be felt by billions of consumers around the globe.<br />The official expressed disappointment regarding the measures that targeted the semiconductor industry.<br />This, especially as semiconductors take up around 25 percent of Korean exports,... while Korean chipmakers account for 70 percent of the world's DRAM production... as well as a significant portion of NAND flash and system memory.<br />He said Korea will have to take great efforts to produce the sanctioned chemical products and machinery domestically.<br />And because that will unhinge the global value chain that once worked well,... the official says users who rely on Korean semiconductors will also suffer immensely.<br />The official called on Japan to honor its promise made at the G20 Summit in Osaka last month,... that it will continue to uphold the principles of free trade.<br />Warning that such actions violate WTO rules,... he urged Tokyo to withdraw them immediately.<br />He also reiterated that the South Korean government hopes to resolve the issue constructively,... through dialogue and creative solutions.<br />It believes them to be the best way to maintain solidarity between Korea, the U.S., and Japan,... especially amid the numerous challenges in the region.<br />Stressing that science and technology are not a tool for war,... the official emphasized the need to settle the conflict regarding export control and the Supreme Court ruling for future-oriented relations.<br />Park Hee-jun, Arirang News.<br />

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