compensation that s the equivalent of $2400000000.00 in today s money. japan s government says the export restrictions on materials vital to south korea and high tech companies like samsung have nothing to do with the dispute. going on you know sure we have made it clear that our move to carry out export controls appropriately is for national security purposes also it s not a counter measure for these court rulings therefore what south korean president moon said yesterday does not apply to what we are doing at the. do. japan says it has restricted exports of hydrogen fluoride and other materials because south korea does not only use them to produce smartphones but also ships them to north korea where the chemical could be used to make weapons and
japanese companies to compensate the aging victims but firms like nippon steel and mitsubishi all said the matter was settled under a bilateral treaty in 1965 back then japan paid the equivalent of $300000000.00 in compensation that s the equivalent of $2400000000.00 in today s money japan s government says the export restrictions on materials vital to south korea and high tech companies like samsung have nothing to do with the dispute. you know sure we have made it clear that our move to carry out export controls appropriately is for national security purposes also it s not a counter measure for these court rulings therefore what south korean president moon said yesterday does not apply to what we are doing either with or state you should meet it with us it. japan says it has restricted exports of hydrogen fluoride and other materials because south korea does not only use them to produce
high tech imports lifted south korea s president says they threaten to shatter relations and could damage japan more than south korea don t wear japanese brands and don t buy japanese beer or cards that s what dozens of south korean small business owners are urging their fellow country men to do until tokyo withdraws its trade curbs earlier this month japan imposed restrictions on exporting goods that south korean high tech companies like samsung need to produce t.v. and smartphone display ads as well as semiconductors. we will continue our consumption and distribution boycott of japanese products until the japanese government and ave administration make an apology and withdraw the export restrictions. japan s trade curbs are seen here as retaliation for recent south korean court rulings ordering japanese companies to compensate aging korean victims
business south korea is seeking help with the united states in its trade route with japan the japanese government has imposed export restrictions on some south korean bound products after so-called tokyo to compensate forced laborers from the 2nd world war speaking to u.s. secretary of state mike compost south korea s foreign minister said the trade codes were undesirable and would hurt tech firms around the world some of the materials affected a key to making memory chips and smartphone despite. chelsea delaney joins us from frankfurt bureau to talk about this chelsea is the trade realm escalates what s the likelihood of a major slowdown in global supply chains. right so we re really looking at you know global disruptions here. you know these these chemicals these products that japan is restricting exports of they re crucial to basically all of our high tech devices
a furious response from seoul. to not only does to plants matter damage the economic relationship between our countries but it s also expected to grossly affect the world trade order and corporations and 3rd party countries. japan s prime minister shinzo outby denies accusations he is using business as a bargaining chip for dealing with his country s history. we did not mix up historical issues with those of trade. the issue of former civilian workers is not and has starkly issue it s about whether to keep that promise between countries under international law. the export restrictions could cause months of delays in production processes pushing south korean tech giants like samsung and l.g. under major pressure so it s korea has already launched a complaint with the world trade organization and says it s not ruling out