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THE INVESTOR
November 29, 2020
Big Reunion

Economy

Lawmakers submit resolutions against Japan’s trade curbs

  • PUBLISHED :July 16, 2019 - 15:46
  • UPDATED :July 16, 2019 - 15:48
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South Korean lawmakers have submitted several draft resolutions demanding Japan withdraw its recent curbs on hi-tech exports to the neighboring country.

Rep. Lee Soo-hyuck and 44 other lawmakers from the ruling Democratic Party proposed a resolution bill on July 15, claiming the export restrictions would undermine the relations between the two countries, disrupt the free and fair international trade order and adversely affect the world economy.


Japan began to impose stricter regulations on July 4 on shipments of three chemicals used in the production of semiconductors and display panels, in what appears to be retaliation for Seoul court rulings that ordered some Japanese firms to compensate the Korean victims of forced labor during World War II.

The ruling party lawmakers called on Japanese firms involved to sincerely apologize and compensate the plaintiffs.

Rep. Sul Hoon from the same party also submitted a separate bill, which called for the cancellation of Japanese officials’ remarks that suggested South Koreans may have transferred some sensitive materials to North Korea. Seoul officials have dismissed the claim as groundless, urging Japan to give substantial evidence.

In a separate statement, 24 legislators from the conservative opposition Liberty Korea Party expressed regret about the “retaliatory” trade measures and urged the two governments to seek a diplomatic solution.

Two other draft resolutions were submitted by 24 lawmakers from the center-right Bareunmirae Party and a group of three liberal lawmakers from the Democratic Party, Justice Party and Minjung Party.

The proposals will be reviewed by the National Assembly’s Foreign Affairs and Unification Committee before being sent to the plenary session.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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