export curbs Archives | Be Korea-savvy
S. Korea to Spend 7.8 tln Won for Stable Supply of 100 Key Strategic Items

S. Korea to Spend 7.8 tln Won for Stable Supply of 100 Key Strategic Items

SEOUL, Aug. 5 (Korea Bizwire) — South Korea said Monday it will spend 7.8 trillion won (US$6.47 billion) over the next five years to nurture its materials, parts and equipment sectors and trim its dependence on Japanese imports in the latest move to cope with the neighbor’s economic retaliation. The move to boost R&D for [...]

Japan’s Broader Export Curbs Aim for S. Korea’s Achilles Heel

Japan’s Broader Export Curbs Aim for S. Korea’s Achilles Heel

SEOUL, Aug. 2 (Korea Bizwire) — Japan’s expanded export curbs appear to target key pillars and future growth drivers of the South Korean economy, but its move could create mutually damaging situations for the closely intertwined Asian economies, depending on the scope of the measures, industry watchers say. The Japanese government passed a bill Friday [...]

Samsung Asks Local Partners to Secure Japanese Parts amid Export Curbs

Samsung Asks Local Partners to Secure Japanese Parts amid Export Curbs

SEOUL, Jul. 18 (Korea Bizwire) — Samsung Electronics Co. is exploring all possible means to secure stock piles of Japanese materials in preparation for Tokyo expanding its export restrictions, company sources said Thursday. The tech giant has sent letters to its local partners in the production of televisions, consumer electronics and smartphones, urging them to [...]