Japan has discussed its purpose to fasten regulations on exports of some high-tech materials such as smartphone displays and chips to South Korea as the ongoing dispute over South Koreans who were made to work for Japanese companies during WW2 rages on.
Speaking to reporters following a meeting with authorities from the presidential office and government ministries, Cho Jeong-sik from the Democratic Party, commented: “We are carrying out a preliminary feasibility analysis (on the investment).”
It is regarded that the export curbs could influence production of South Korea-based giants, Samsung Electronics, and SK Hynix, with the two chemicals targeted regarded as crucial.
The data company, HIS Markit, verified that Japanese trade limitations against South Korea is set to add to the global trade tensions. In a note, Len Jelinek, executive director of semiconductor research at IHS Markit, said: “A reducing or elimination in the availability of these materials will considerably impede the production of memory and other semiconductor chips, impacting major semiconductor manufacturers including Samsung Electronics and SK Hynix.”