And upon hearing the news, economy-related sectors have been calling on Japan to lift the the unfair restrictions.<br />For more, we have our Kim Da-mi on the line for us.<br />Da-mi, any remarks from the economy-related ministries so far?<br /><br />Hi Ji-yoon,<br />So far, none have been announced by South Korea's trade or finance ministry.<br />But it's highly likely finance minister Hong Nam-ki will hold a briefing on Japan's decision in the afternoon...after a cabinet meeting scheduled for 2PM, Korea time.<br />South Korea's economy-related ministries have been strongly urging Japan to lift the unfair trade restrictions for weeks.<br />On Thursday, South Korea's trade ministry said Tokyo's whitelist removal decision would end up hurting not only Seoul-Tokyo trade, but also the global supply chain.<br />And of course, the ministry highlighted the negative impact it will have on Seoul's already decreasing trade volume.<br />South Korea's trade minister Sung Yoon-mo said this week that Seoul will pool all the capacity and resources of its public and private sectors to minimize the economic blow.<br />According to the minister, Seoul has been thoroughly reviewing parts and materials that could be heavily affected by Tokyo's additional export restrictions.<br />He added the South Korean government has prepared countermeasures for all possible scenarios, stressing Seoul will cope with Tokyo's measures.<br />That's all from me as of this hour, but I'll be back later with more updates. Jiyoon.<br />
