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Moon Seeks to Turn Japanese Trade Curb into High-Tech Opportunity

Write: 2020-07-09 15:33:07Update: 2020-07-09 18:55:35

Photo : YONHAP News

Anchor: President Moon Jae-in stressed on Thursday the need for South Korea to become a global powerhouse in materials, parts and equipment. Moon made the remark during a visit to SK Hynix, which has succeeded in domestically developing semiconductor parts that had been imported from Japan prior to Tokyo's enactment of trade restrictions on Seoul.
Kim Bum-soo has more. 

Report: Just about a year ago, Japan toughened its bilateral export restrictions on high-tech materials in apparent retaliation against South Korean court decisions on Japan’s wartime forced labor.

President Moon Jae-in on Thursday marked the passing of the first year of the trade dispute by visiting SK Hynix, which joined the government campaign to substitute Japanese imports with Korean parts and materials. 

[Sound bite: President Moon Jae-in (Korean/English translation)]
"In about a year, we succeeded in the local production of hydrogen fluoride and fluorine polyimide, for which we depended on Japanese imports, and doubled the production of hydrofluoric acid. We also stabilized the supply of EUV photoresists by investing in global corporations."  

Noting that South Korean companies didn't see production glitches in the past year, Moon said it's time to turn the crisis into an opportunity. 

[Sound bite: President Moon Jae-in (Korean/English translation)]
"We will take a different path than Japan. South Korea will turn the crisis into an opportunity to become a powerhouse in high-tech parts and materials and equipment. And that will lead to our international cooperation by contributing to the stabilization of the global supply. That's the Korea path that we would like to take."  

Moon also revealed the government's initiative to foster the parts and materials industry, promising an investment of one-and-a-half trillion won, or around one-point-25 billion dollars, to attract international high-tech projects and create a global production cluster in the nation.
Kim Bum-soo, KBS World Radio News.

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