13.07.2019
By Ee Minyeong
Japan reportedly expressed a negative opinion regarding the Korean government’s suggestion that an international organisation verify Japan’s proposed export control measures. Japanese media has responded by raising serious doubts about the export regulation.
When Japan stated that “the ultimate destination for Japan’s exported chemicals may be North Korea,” the Korean government suggested, with regret, that exports should be verified by an internationally-recognised organisation.
Gim Yugeun, NSC Secretary General said: “I propose to the UN Security Council panel, or appropriate international organisations, that they undertake a fair investigation of [any] violations of the four major export control systems in Korea and Japan.”
However, the Japanese government immediately responded negatively. A Japanese Foreign Ministry official said in an interview with the Sankei Shimbun newspaper that “I have never heard of international organisations judging the feasibility of a country’s trade administration.”
Meanwhile, the Japanese government began to roll back previous statements, saying that “inappropriate management” is not a matter of exporting goods to North Korea but a matter between [South] Korea and Japan. The Japanese media has continued publishing daily reports expressing anxiety around the export regulations.
Nihon Keizai, a leading economic magazine, pointed out that Japan’s [economic] presence could suffer because the export regulations are causing confusion in the semiconductor supply chain. The Sankei Shimbun, a right-wing newspaper, was concerned that Japanese companies’ stock prices are also showing signs of weakening due to “production disruptions as a result of export regulation.”
The Japanese media has also reported that China, Russia and other countries can benefit from this export regulation.