Recently, Japan and South Korea have set off a "Japan-South Korea trade war." The Japanese government has restricted the export of three key materials for semiconductors, smart phones and displays to South Korea on the 4th. The South Korean government will announce "response measures" on the 8th and file a complaint with the World Trade Organization (WTO). The Japanese government has also announced that it will remove South Korea from the "white list countries", and it is foreseeable that the contradictions between the two countries will be further intensified in the future.
South Korean Deputy Prime Minister and Planning Minister of Finance Hong Nanji and Qingwatai Policy Director Jin Shangyi, on the 7th with Hyundai Motor Group Principal Vice President Zheng Yixuan, SK Group President Cui Taiyuan, LG Group President Guangbo discussed Japan's restrictions on exporting key semiconductor materials problem. South Korean President Wen Zaiyi also considered inviting leaders of the top 30 major business groups in South Korea to visit the Qingwatai on the 10th.
《韩联社》On the 7th, according to the latest statistics of the Korea Trade Association (KITA) and the Customs Department, the trade deficit with Japan from 1965 to 2018 totaled 604.6 billion U.S. dollars. Since the establishment of diplomatic ties 54 years ago, South Korea’s trade with Japan has never There was a surplus, and the deficit with the Japanese economy grew as the size of the Korean economy grew.
The main reason is that South Korea has always relied on Japan's components, materials and technology to develop high-tech industries such as semiconductors and displays in Korea. It is not possible to get rid of Japan's dependence on Japan overnight. The Japanese government wants to limit the market share of Japanese-made fluorinated polyimides and photoresists exported to South Korea to 90% in the world. The high-purity hydrogen fluoride produced in Japan also accounts for more than 70% of global production.
The Korean government authorities have decided to promote the localization of intermediate products such as components and materials with high external dependence. The second official of the Ministry of Planning and Finance of the Republic of Korea revealed that the Korean government will actively promote the development and localization of core technologies, and is preparing to incorporate projects that can be promoted during the year into the revised budget plan reviewed by the National Assembly.
Sheila Smith, a senior researcher at the American Association of Foreign Relations (CFR), said on the 7th that he was interviewed by Japan《共同社》. Recently, the deterioration of Japan-Korea relations is completely different from the past and is close to the point where it cannot be repaired. She warned that the alliance between the United States and Japan and South Korea may fall into a state of inability to function, and will bring about a fundamental change in the Northeast Asian security system.
Through the dispute between Japan and South Korea, what a terrible thing if a country's core materials or technology are controlled by other countries.