JapanKyodo News reported that theSouth KoreaAfter President Yoon Suk-yu visited Japan and improved relations with Japanese Prime Minister Fumio Kishida, Japan will also loosen its key to South Korea as South Korea has filed a complaint against Japan in the World Trade Organization (WTO). I have decided to withdraw my complaint.PieceRaw material export controls, South Korea’s chip maker’s share price jumped 17%.
After talks between Yin Xiu and Kishida Fumio on the 16th, they held a joint press conference and said that there had been “progress” in the discussion on export controls, and that “dialogue between relevant ministries will now begin.” Earlier, Japan announced the easing of controls on the export of three raw materials.
Japan’s Ministry of Economy, Trade and Industry said it would continue to study whether to restore South Korea’s preferred trading partner status. Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura said on the 17th that Japan will seek to loosen key semiconductor material export controls to South Korea, but has not yet decided whether South Korea’s “white list” of trade Whether to restore partner status.
Japan’s “white list” trading partners are considered to have a low risk of export products being diverted for unauthorized military purposes, and require fewer licenses for exports. Japan removed South Korea from the “white list” and tightened South Korean exports. Three major semiconductor raw materials: fluorinated polyimide, hydrogen fluoride and photoresist
Kyodo News reported that if South Korea returns to the white list, exports of these three raw materials to South Korea will be fully restored in the state before the tightening of export controls.
Samsung Electronics and SK Hynix are expected to benefit if Japan lifts export controls. Share prices of South Korean chip makers rose sharply on the 17th. Samsung Electronics climbed 1.8%, Deduk Electronics 5.5% and SK Hynix 6.8%. Vonic IPS climbed 9.3%.
Shares of Japanese chip raw material suppliers also rose during the session, with Stella Chemifa rising 1.9 percent and Sumco up 0.5 percent.
Finance (Tag to translate) Japan (T) South Korea (T) Chip