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Moon Warns Korean Business to Prepare for a Prolonged Fight With Japan

  • South Korean president meets top business leaders in Seoul
  • Accuses Japan of hurting country’s economy for political gain
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Moon Jae-in warned the nation’s business leaders about an extended battle with Japan. Bloomberg’s Jihye Lee reports.Source: Bloomberg
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South Korean President Moon Jae-in warned top business leaders of an extended battle with Japan over its export controls on vital manufacturing materials, raising concerns their latest fight could disrupt global supply chains.

On Wednesday, Moon told executives from about 30 companies including Samsung Electronics Co., SK Group, Hyundai Motor Co. and Lotte Group, that he saw Japan targeting South Korea’s economy for political gains. Japan last week imposed curbs on highly specialized products needed to make semiconductors and computer displays, and could also remove its neighbor from a list of trusted buyers.