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Pres. Moon demands that Japan ends the 'game with no winners'

Arirang News 2019-08-08

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문 대통령, "日 무역보복, 승자 없는 게임"

A national economic meeting was held this morning,... to draw up response measures against Japan's export restrictions.
During that session, President Moon Jae-in emphasized, the trade dispute benefits no one, and hurts both countries.
Park Hee-jun stars us off. President Moon Jae-in urged Japan to end this dispute that has no winner.
He called on the Japanese government to call off its trade restrictions,... which are hurting the economies and people of both countries.
"I do not understand what Japan gains from its unilateral trade measures. Even if it has benefits, they are only temporary. In the end, this is just a game where there is no winner and all are losers."
President Moon held his third National Economic Advisory Council meeting on Thursday,... where he discussed possible countermeasures against Japan’s trade restrictions with related senior officials and experts,... including his chief of staff for policy Kim Sang-jo and Finance Minister Hong Nam-ki.
There, he criticized Japan for its contradictory behavior.
"Japan is a country that has benefited the most from free trade and actively argued for free trade when it needs it for its own good, making the measures very contradictory."
President Moon also said Tokyo might not carry out the trade controls,... meaning there may not be any actual damage.
According to Blue House Spokesperson Ko Min-jung, he was saying that although there are export curbs on three high-tech materials,... Japan could end up granting approval for their export.
Nevertheless,... economic uncertainties remain.
That's why Moon also raised the need for a response plan and diplomatic efforts.
On the same day, Presidential Chief of Staff for Policy Kim Sang-jo met with executives of the country's top five conglomerates.
He gathered the opinions of Samsung Electronics, Hyundai Motor, SK, LG and Lotte on the unprecedented situation,... as part of government efforts to work together with businesses to overcome the difficulties.
Park Hee-jun, Arirang News.

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