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Samsung asks local partners to secure Japanese parts amid export curbs

2019-07-19 0 Dailymotion

삼성, 국내협력사에 '일본산 소재•부품 재고확보' 주문…LG, SK, 현대차도 모색 <br /><br />South Korean firms are exploring all possible means to prepare for Japan possibly expanding its export restrictions... as Samsung Electronics is stockpiling Japanese materials.<br />Kim Da-mi has more.<br />Samsung Electronics has asked its partner companies in Korea to stock up on Japanese components used in making consumer electronics and smartphones.<br />The tech giant reportedly told them to get as much as they can by August 15, promising to take complete responsibility if they end up with leftovers.<br />Samsung has earlier expressed concern over the high likelihood that Japan will take South Korea off of its so called "whitelist" of trading partners.<br />Analysts note that Samsung's openness about such plans signal that it's taking the situation extremely seriously.<br />Meanwhile, the vice chairman of Hyundai Motor, Chung Eui-sun, has been in Japan since Thursday.<br />Hyundai said Jung is there to attend the Pre-Olympics for Archery in Tokyo, but industry watchers think his trip is not totally irrelevant to Japan's export curbs.<br />Although 90 percent of Hyundai's vehicle components are made in Korea, the vice chairman might be looking for hydrogen fuel tanks for some models.<br />In addition to stocking up on supplies and visiting Japan, Korean firms are speeding up efforts to have their materials made locally.<br />LG Display is, in fact, reportedly ready to test the production of its own etching gas,... one of the three materials targeted by Japan's export curbs.<br />Samsung Electronics and SK Hynix are also in the process of testing and developing that and other materials now sourced from China and Taiwan.<br />As Tokyo dials up the economic pressure,... South Korean firms are doing all they can to get ready to stand on their own.<br />KIM Da-mi, Arirang News.<br />

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