Japan’s tougher export rules could deal a crippling blow to chip and display makers such as Samsung. Photo: Kyodo
South Korea to invest US$857 million to break its dependence on Japanese tech materials in response to Tokyo tightening export rules
- Ties between Japan and South Korea have sunk to their lowest point in years amid deepening rift over wartime forced labour
- Japan’s decision to tighten export rules could hurt chip and display makers such as Samsung, incentivising Seoul to develop materials domestically
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South Korea
Japan’s tougher export rules could deal a crippling blow to chip and display makers such as Samsung. Photo: Kyodo
Samsung’s Galaxy Fold. The company could be hit hard by Japan’s new restrictions on exports to South Korea. Photo: Bloomberg
Japan-South Korea ‘trade war’: has Tokyo shot itself in foot?
- Japan is to restrict exports to South Korea of three key materials used in smartphone displays and chips as bilateral ties take turn for the worse
- But move could hurt Japanese companies in the long term as Korean firms are forced to rethink their supply chains
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Japan
Samsung’s Galaxy Fold. The company could be hit hard by Japan’s new restrictions on exports to South Korea. Photo: Bloomberg