South Korea’s foreign minister told US Secretary of State Mike Pompeo that Japan’s export curbs against Seoul are “undesirable”, the foreign ministry said, as a trade dispute between the East Asian neighbours grows.
South Korea’s ruling party also announced that up to about 300bn won ($254.8m) would be included in a supplementary budget bill to cope with Japan’s export curbs by speeding localisation of materials supplies for chips and display panels.
The ruling Democratic Party said about one-third of the proposed budget would be for supporting South Korean materials and equipment makers to commercialise their products.