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S. Korean consultation body vows all-out efforts to help resolve Seoul-Tokyo trade dispute

2019-07-31 1 Dailymotion

민관정협의회 첫 회의…소재부품산업 경쟁력 강화 총력대응<br /><br />South Korea has launched a new consultation body made up of lawmakers, government officials and representatives of the private sector to deal with Japan's growing restrictions on trade with South Korea.<br />After a closed-door meeting on Wednesday,... Seoul's finance minister Hong Nam-ki, who's the body's co-leader,... said that they're preparing measures for all possible scenarios,... especially with Tokyo getting ready to expand its trade restrictions on Seoul.<br />Hong said that the participants agreed that first and foremost is to minimize the impact on local companies<br />They promised to come up with both long-term and short-term plans to boost the competitiveness of South Korea's parts and materials industries.... and to promote localization.<br />He also stressed the need to seek a diplomatic solution,... which will include boosting cooperation from the international community.<br />

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