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7/9/2019, 7:40 AM (Source: TeleTrader)
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Japan declines Moon's calls to hold export control talks

Japan is not considering abolishing or curbing export controls on South Korean products, Trade Minister Hiroshige Seko said at a government session on Tuesday. However, working-level talks may be organized too as South Korea asked for some clarifications regarding the measures.

On Monday, South Korean President Moon Jae-in called on Japan to scrap the export controls that affect mostly materials used in the production of electronic displays and microchips.

Japan's move came as the two countries are facing a dispute over compensation to victims of Japan's occupation of Korea in World War Two. Seoul's Supreme Court said last year that Japanese firms working in Korea need to compensate the victims, but Japan claims it compensated South Korea in accordance with a 1965 treaty.

Breaking the News / VP