Japan deals a powerful blow to Samsung and LG

South Korea has long been one of Japan's main competitors in the global high of technologies, first of all - electronics. Corporations such as Samsung and LG Electronics have long been competing with Japanese companies on equal terms, and in some ways surpass them.


Now, Japan has decided to recoup and respond to competitors, and Tokyo’s response can inflict a devastating blow on South Korean high-tech companies and force them to significantly reduce the scale of production of their products.

Since July 4, Japan has tightened the procedure for exporting nanomaterials to the Republic of Korea. In particular, we are talking about fluorinated polyimide, resistors and hydrogen fluoride, which are used in the manufacture of smartphones and other high-tech products.

Japanese exporters will now have to submit applications and wait 90 days for their consideration. It will not be easy for South Korea to make up for the shortage of these materials, as 90% of their world market is controlled by Japan.

What is the reason for this decision of Tokyo? In fact, the beginning trade war between the two Asian countries is an echo of events almost a century ago. Recently, the Supreme Court of the Republic of Korea ordered the Japanese company Nippon Steel & Sumitomo Metal to pay compensation for the use of slave labor by Koreans at a time when the Korean Peninsula was occupied by the Japanese in the first half of the XNUMXth century. The same requirements may apply to other Japanese companies, including Mitsubishi. And so Japan, angry at the decision of the Korean court, strikes back.

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  1. depavel Offline depavel
    depavel (Pavel Pavlovich) 3 July 2019 19: 34
    0
    It turns out that the Japanese like the samurai, like the German knights of the heart, burst their enemies' liver. And then I think, "where did the indigenous population from the Northern Territories go?"
    1. Nikolay Malyugin (Nikolai Malyugin) 4 July 2019 06: 56
      0
      Dear, this is still a trade war.
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 4 July 2019 09: 18
    0
    Ah, there are plenty of trade wars. Here's another one reported. Everyday business.
    1. The comment was deleted.
      1. The comment was deleted.
  3. kosmozoo Offline kosmozoo
    kosmozoo (Andrei) 7 July 2019 07: 46
    +1
    Since July 4, Japan has tightened the procedure for exporting nanomaterials to the Republic of Korea. In particular, we are talking about fluorinated polyimide, resistors and hydrogen fluoride.

    In the long run: the one who had a 10% share in the supply of these materials will simply take the market from Japan.