Japan export curbs could be prolonged, says South Korea's Moon

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Japan export curbs could be prolonged, says South Korea's Moon
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South Korea's president said on Wednesday Japan's export curbs on key ...

“We can’t rule out the possibility that the situation would be prolonged, despite our diplomatic efforts to resolve the issue,” President Moon Jae-in said at a meeting with executives from South Korea’s top 30 conglomerates.

“It is a very regrettable situation, but we have no choice but to prepare for all possibilities,” said Moon, adding that the government will sharply increase spending to help Korean firms source parts, materials and equipment domestically. He also dismissed reported remarks by a politician in Japan that South Korea illegally shipped hydrogen fluoride imported from Japan to North Korea in violation of international sanctions, calling them “groundless”.“It is not desirable at all...that Japan takes measures that deal a blow to our economy because of political purpose and makes remarks that link the measures to sanctions on North Korea,” Moon said.

Reporting by Hyunjoo Jin; Additional reproting by Choonsik Yoo; editing by Darren Schuettler and Michael Perry

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