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S. Korean Ruling Party Widens Outreach Effort Amidst Trade Row

Write: 2019-07-12 16:59:46Update: 2019-07-12 17:35:22

S. Korean Ruling Party Widens Outreach Effort Amidst Trade Row

Photo : YONHAP News

The ruling Democratic Party(DP) is enhancing party-wide efforts to help the nation address Japan’s restricted exports of high-tech materials.  

Led by Chairperson Lee Hae-chan, the party's leadership on Friday visited a small manufacturer in the semiconductor industry located some 20 kilometers south of Seoul.

In a meeting with the company, Lee said the current situation should serve as an opportunity to enhance the country’s self-reliance in certain areas and carry out industrial restructuring. 

Lee then promised that the party and the government will work together to secure a one-trillion won investment for related projects, 300 billion of which will come from an augmented supplementary budget bill pending in parliament.

Representative Choo Mi-ae, who sits on a special party committee launched in response to Japan’s trade restrictions, held an emergency forum at the National Assembly on Friday and discussed possible countermeasures in various sectors. 

A total of 27 DP lawmakers also proposed a joint resolution that urges Japan to rescind the export controls and describes inconsistencies between the curbs and Tokyo’s calls for free trade.

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