The Limited Times

Now you can see non-English news...

South Korea excludes Japan from export preferential countries Retaliation measures

2019-09-17T15:31:32.437Z


The Korean government officially removed Japan from the list of preferential countries that can simplify the export procedure on the 18th. From mid-August to early September, the government asked the public about the changes in the system to exclude Japan, and 91% of the total agreed.


The Korean government officially removed Japan from the list of preferential countries that can simplify the export procedure on the 18th. From mid-August to early September, the government asked the public about the changes in the system to exclude Japan, and 91% of the total agreed.

An official from the Ministry of Industry, Trade and Industry in Korea explained the reason for the change, saying that “it is difficult to cooperate with a country that operates the system against the basic principles of the international export control system.” Seems to be a retaliation against the regulation.

Specifically, the system that had previously been classified into two categories, preferential and non-preferential, has been changed to three. Japan was the only designated new category. In the future, exports to Japan will in principle be excluded from the scope of a “comprehensive license” that allows export for a certain period of time with a single license, and individual licenses are required. The target company is said to be less than 100 companies. (Seoul = Kamiya Kaoru)

Source: asahi

All news articles on 2019-09-17

You may like

News/Politics 2024-04-15T10:33:29.617Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.