South Korea warns US of damage from high-tech restrictions

SEOUL (Reuters) – South Korea has warned the United States of the potential damage from “undesirable” Japanese restrictions on exports of high-tech material to South Korea, as a trade row between the East Asian US allies intensifies. Kang “expressed concern that this is undesirable in terms of friendly relations between South Korea and Japan and trilateral cooperation among South Korea, the US and Japan”, Kang’s ministry said in a statement. South Korea hoped Japan would withdraw the curbs and that the situation would not deteriorate further, it said. He is also scheduled to visit South Korea next week, but he did not mention the dispute when he spoke to reporters. Shares in South Korean chip giants rose for a third day on Thursday on expectations that Japanese export curbs may ease a supply glut of South Korean memory chips.

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