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Manufacturers mourn for “Non-buying movement calm”, exports to South Korea significantly reduced

2019-10-21T12:34:38.968Z


The sluggish sales of Japanese products in Korea are becoming increasingly serious. According to the trade statistics for September announced by the Ministry of Finance on September 21, the amount of exports to South Korea decreased by more than 15% compared to the same month last year, and further expanded from the previous month when it decreased by 9.4%. The depression is particularly large ...


The sluggish sales of Japanese products in Korea are becoming increasingly serious. According to the trade statistics for September announced by the Ministry of Finance on September 21, the amount of exports to South Korea decreased by more than 15% compared to the same month last year, and further expanded from the previous month when it decreased by 9.4%. Manufacturers may be forced to reconsider their South Korean strategy for food and automobiles, where the decline is particularly large. Exports to the world as a whole are sluggish, and the deterioration of Japan-Korea relations is catching up.

Exports to Korea in September were 402.8 billion yen, down 15.9% from the same month last year. In particular, food products fell 62.1% to ¥ 1.7 billion, and automobiles fell 48.9% to ¥ 3.9 billion. The number of cars was 1407, down 48.4%.

In July, the Japanese government tightened export restrictions to Korea over three chemical products used in semiconductor manufacturing. The backlash spread within South Korea and the non-buying movement began. In particular, consumer products that display the brand name of a Japanese company have a significant impact.

Sapporo Beer exports high-priced beer "Ebisu Beer" to Korea. Although the specific figures are not disclosed, it is said that the impact has come out, a spokesman said, "I want the non-buying movement to settle down quickly."

Susumu Yajima, Chairman of the Japan Paper Association (...

Source: asahi

All news articles on 2019-10-21

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