S.Korean president urges Japan to retract export curbs, launch consultation

South Korean vice chairman Jay Y. Lee of Samsung Electronics is traveling to Japan on Sunday. File

In the first five months, the number of Koreans who traveled to Japan declined 4.7 percent year-over-year to 3.25 million from the same period last year, the Korea Tourism Organization said in a statement.

The export curbs highlight how Japan, the world's third-largest economy, continues to hold sway over a vital corner of the global supply chain.

The row between the US allies flared last October when South Korea's Supreme Court ruled that Japan's Nippon Steel (5401.T) must compensate South Koreans for forced labor during World War Two.

South Korea and Japan are close economic partners and key allies of the United States, though they have always been in conflict over territory and other historical disputes.

Analysts say the measure won't have a meaningful impact immediately on South Korean companies like Samsung Electronics and SK Hynix Inc., which both have sufficient supplies of the materials for now, given the slowdown in demand for semiconductors.

Amid intensifying fears over Japan's retaliatory moves against Korea, leaders of major South Korean conglomerates were invited to a private meeting with top policymakers on Sunday to discuss countermeasures, according to reports.

Greek elections: New Democracy 'on course for majority'
DiEM25 of ex-Finance Minister Yanis Varoufakis is on 3.2 percent, while the new right-wing Greek Solution party is on 3 percent. Voting ends at 7.00 pm (1600 GMT), with the first official projections expected about two hours after voting ends.

Moon said he would prioritize development of home-grown high-tech equipment and materials and South Korea would improve the trade deficit with Japan in the long term.

Speaking to reporters on Friday, the chairman of South Korea's Financial Services Commission was asked if the dispute could affect investments and loans by Japanese institutions.

Japan also plans another round of export curbs for South Korea that could target a broader range of items applicable to weapons production, including machine tools, the government says.

Fluorine polyimide is used to make flexible organic light-emitting diode displays, and photoresist is a thin layer used to transfer a circuit pattern to a semiconductor substrate.

The neighbors share a bitter history dating to the Japanese colonization of the Korean peninsula from 1910 to 1945, including forced use of labor by Japanese companies and the use of comfort women, a euphemism for girls and women, many of them Korean, forced to work in its wartime brothels.

Related News:

  • Mariah Carey takes the Bottle Cap Challenge to a whole new level

    Bieber made a huge flip as he completed the challenge in slo-mo and oh god, he was fantastic at it. Android & IOS users, download our mobile app for faster than ever Bollywood & Box Office updates!
    Newcomers share top spot at 3M

    Newcomers share top spot at 3M

    Wiesberger birdied three of his last six holes as he earned a spot at this year's Open Championship courtesy of a top-10 finish. Morikawa had his opportunity to force a playoff with Wolff, but his 22-foot eagle-putt attempt faded left 3 feet past the hole.
    Three problems for Team India ahead of semi-final

    Three problems for Team India ahead of semi-final

    The Other scenario is that if India wins today's match and if Australia loses, India will take on New Zealand in the Semifinal. However, in the warm-up match before the World Cup and the league match of this World Cup, Australia beat England .
  • India bus crash: Dozens killed on highway near Agra

    India bus crash: Dozens killed on highway near Agra

    The bus, carrying 46 people, was going from Lucknow to Delhi when the accident happened this morning, the police said. The Uttar Pradesh Roadways will pay ex gratia of Rs 5 lakh to the next of kin of the deceased, the officials said.
    Biden: Russian Election Interference Wouldn’t Have Happened During the Obama Administration

    Biden: Russian Election Interference Wouldn’t Have Happened During the Obama Administration

    I regret it", Biden told a crowd of a few hundred at a campaign stop on Saturday. I think grandpa needs a nap. "New Jersey Sen. We all know the answer to that.
    Nigeria will sign Africa free trade agreement - presidency

    Nigeria will sign Africa free trade agreement - presidency

    The AfCFTA, Minister Moyo said, will massively boost intra-continental trade, from which Zimbabwe is expected to benefit. Different African countries have made varying levels of commitment.
  • Meghan and Harry's Baby Archie Becomes a Christian in Private Christening

    Meghan and Harry's Baby Archie Becomes a Christian in Private Christening

    Archie, who was born in May, wore a handmade replica of the royal christening robe created by the Queen's dressmaker Angela Kelly. This happens to be royal baby Archie's first pictures in which the seventh-in-the-line to the throne is wide awake and attentive.
    Scotland Yard questioned Kevin Spacey over assault claims

    Scotland Yard questioned Kevin Spacey over assault claims

    Spacey still faces a criminal charge over the alleged incident and pleaded not guilty to indecent assault and battery in January. The most novel model emerged a day after a one who claimed Spacey groped him within the U.S. in 2016 dropped his civil case .
    Sweden beat England for bronze medal

    Sweden beat England for bronze medal

    The forward had also had what would have been an equalising goal ruled out in the semifinal loss to the United States . It's the third time that Sweden has secured bronze after winning the third-place playoff games in 1991 and 2011.
  • Mulan Teaser Trailer #1 (2020) | Movieclips Trailers

    Mulan Teaser Trailer #1 (2020) | Movieclips Trailers

    When does this live-action adaptation premiere ? Until then, you can listen to "I'll Make A Man Out Of You" on repeat right here . Mulan looks upset but is outwardly submissive as she replies: 'Yes, I will bring honor to us all'.
    Father of Bossa Nova dies at the age of 88 years old

    Father of Bossa Nova dies at the age of 88 years old

    The album's global success would bring Gilberto to the United States and Mexico, where he lived throughout the 1960s and '70s. João sang the lyrics in Portuguese, Astrud repeated them in English and Getz added an now-iconic tenor sax solo.
    Apple working on foldable iPad to compete with the foldable Surface?

    Apple working on foldable iPad to compete with the foldable Surface?

    IHS Markit explains that this foldable device can also be supplied with 5G mobile phone support. We've previously seen reports of iPad upgrades in 2020, although nothing as extreme as this.

Most liked

Barty shocked at Wimbledon by soon-to-be-wed Riske
Ashleigh Barty's Wimbledon charge has come to a shuddering halt at the hands of free-swinging American Alison Riske . I was sticking to how I wanted to play", Barty said. "It's a tough one to swallow but I lost to a better player".

British Airways fined £183m after website hack
Until now, the biggest penalty was £500,000, imposed on Facebook for its role in the Cambridge Analytica data scandal. British Airways is set to be fined more than £183 million over a customer data breach, the airline has announced .

North Korea: Trump tries to undermine peace with sanctions
Security Council imposed increasingly tough sanctions on North Korea in response to its nuclear bomb and ballistic missile tests. But those talks ended with no deal, as they failed to agree on the pace at which sanctions should be eased.

Grandfather's horror as toddler fatally plunges from cruise ship in Puerto Rico
The child fell from a deck 11 window after slipping from her grandfather who was apparently holding her at the time. A toddler has died after plunging 150 feet from a cruise ship while being dangled out of a window by her granddad.

North Korea reveals why Australian student was detained
Sigley, who had been held in North Korea since June 25, admitted his "spying acts" and repeatedly asked for a pardon, KCNA said. But North Korea's KCNA news agency said he collected data and photographs that he passed on to "anti-DPRK" media outlets.

Border agency knew of troubling Facebook posts in 2016: acting secretary
The claims come after acting Department of Homeland Secretary Kevin McAleenan ordered a probe of Border Force agents' conduct. The witnessing agent saw the note, approached an agent responsible for writing it and another agent who was laughing.

Stripling expected to start as Los Angeles hosts San Diego
In Atlanta, Yadiel Rivera hit a go-ahead, two-run single in the fifth and Miami beat the Braves for the second time this season. Aaron Hicks had tied it at 3 in the top of the ninth for the Yankees, homering on a 2-2, two-out pitch from Colin Poche (2-1).

Crusaders control pressure on Jaguares to seal Super Rugby title
It also stretched their competition-record winning streak in Christchurch to 31 games. Note: Super 12 from 1996-2005, Super 14 from 2006-10, Super 15 from 2011-13.

Raptors coach Nurse: Leonard 'played his heart out for us'
The Raptors have one of the oldest rosters in the league, and, most importantly, Kawhi Leonard has departed for Los Angeles. The Raptors have agreed to a two-year deal with free agent Stanley Johnson , according to Shams Charania of The Athletic .

Contaminated pig ear treats could sicken pets, owners: FDA
Consumers who have purchased bulk pig ear products may wish to avoid giving them to their pets and consider discarding them. However, infected dogs "usually have diarrhea that may contain blood or mucus", per the federal health agency.

Deutsche Bank to slash 18000 jobs in reshuffle
Media reports had suggested that Deutsche Bank could cut as many as 20,000 jobs - more than one in five of its 91,500 employees. On Friday, Garth Ritchie, the head of Deutsche's South African investment banking unit, was first out of the door.

Infantino Hails France 2019 Women’s World Cup, Plans Tournament Expansion
Much has been made of this World Cup having a similar impact on Europe as the 1999 tournament did on the US , who won it as hosts. In England , Manchester United's promotion to the Women's Super League (WSL) can only help grow its profile.

Samsung’s Galaxy Tab A (8.0) officially launched
There's a " Family Share " feature as well that allows users to share schedules, notes, photos and reminders among each other. Under the hood, the new Galaxy Tab A packs in a Qualcomm Snapdragon 439 SoC, followed by 2GB RAM and 32GB of onboard storage.

Tour de France 2019, stage two
It was the first time since Stuart O'Grady and Credit Agricole in 2001 that the yellow jersey holder won the team time trial. For Peter Sagan , however, the vision is clear - winning the sprinter's green jersey for a record seventh time .

Frenkie de Jong would like to see Matthijs de Ligt join Barcelona
At his presentation on Friday, De Jong was asked if he would like to be reunited with his fellow Netherlands worldwide .