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Japan gains from trade curbs to be short-lived: South Korea

South Korean President Moon Jae-in speaks during an irregular cabinet meeting at the Presidential Blue House in Seoul, South Korea, on August 2, 2019. (Photo by Reuters)

South Korean President Moon Jae-in said on Thursday that Japan imposing tighter export curbs against South Korea will undermine Japan's international credibility for using its industrial advantage as a weapon against another country.

"Even if there are any gains, it will be short-lived. In the end, it is a game without winners, where everyone, including Japan itself, becomes a victim," Moon said during a meeting with economic advisers.

Moon also visited South Korean robot component manufacturer SBB TECH on Wednesday as the government is planned to support its companies using domestics as substitutes.

Earlier in the day, South Korea said that Japan has granted its first approval for the export of a high-tech material to the country since Tokyo imposed tighter curbs in July on three high-tech components used for making chips and displays, driving up shares of Japanese chemical makers.

(Source: Reuters)


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