Photo: Lee Jae-Won / Reuters
South Korea needs to develop its cooperation with Russia in the chemical industry for the recovery of damages from the sanctions of Japan, said South Korean corporations at a meeting with President mun Jae Otherwise. This writes The Korea Herald, citing a representative of the presidential administration To Min-Jun.
The meeting, which was held Wednesday, July 10, was attended by heads of 30 largest corporations of South Korea. The main topic was the decision by Japan to tighten control over exports to South Korea.
During the meeting, participants stressed the need to expand cooperation with Russia in the chemical industry, and also pointed to the need to diversify supply chains in this area.
The foreign Ministers of Russia and South Korea, Sergei Lavrov and Kang Kyong Hwa at a meeting in June agreed to negotiations on forming a free trade zone between the two countries. In addition, the foreign Ministers of the two countries discussed the development of cooperation in the fields of science and technology, ICT sector and innovation.
Japan 1 July imposed sanctions against South Korea, tightening the export of materials necessary for the production of semiconductors and screens of various gadgets. After the entry into force of restrictions on their export South Korea need to obtain separate permission. Limits can hit on this Korean giant, like Samsung.
The reason for the sanctions was the conflict about the events of the Second world war. The occasion was the decision of the Supreme court of Korea in the fall of 2018 on payment of compensation to four former employees of the Japanese company, currently called Nippon Steel & Sumitomo Metal. The court found that in dhtvz the Second world war these people were forced to work.
Video, photo All from Russia.