Japanese and Korean trade frictions damage the interests of both parties
August 07, 2019 09:14 Source: "China Social Sciences" August 7, 2019, Total No. 1751 Author: Reporter Yan Yong

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The Japanese Cabinet approved the revision of the "Export Trade Management Order" on August 2,The amendment will take effect at the end of August,South Korea will be excluded by Japan to get a "white list" that has facilitated trade.。For this,The Korean government said it will introduce corresponding countermeasures。So,What impact will it affect the situation of the two countries and regions in the two countries,Some experts and scholars expressed their opinions here。

  Damage to the semiconductor industry of the two countries

Pusan ​​National University (Pusan ​​National University) The School of Economics and International Trade, Ryo Hinata-YAMAGUCHI, bet365 Play online games believes,The friction between Japan and South Korea will damage the interests of both parties。For South Korea,Japan has always been the source of its most important chemicals and manufacturing technology; for Japan,South Korea is an important export market。

George Mason University Korea, a lecturer in the George Mason University (George Mason University Korea), also has similar insights。Parker said,The technology industry of the two countries is "closely connected,Supplement of each other。For example,Korean semiconductor company purchases raw materials from Japan to produce semiconductor,Then sell it to the Japanese company。Considering the current tension,The decoupling of industries on both sides is not impossible to happen。If this situation continues,may have an overflow effect,until it affects the supply of global electronic product chips。

  The influence spreads to all walks of life

A multinational consulting bet365 live casino games company Eurasia Group, Asia, the head of Asia, Scott Seaman, believes,Negative emotions between Japan and South Korea surge,May weaken the willingness to buy each other's products or travel as a tourist。

Current,The transnational tourism between Japan and South Korea has shown a significant reduction in the situation,Leading many major airlines to reduce the number of flights between the two countries,Even the direct flight between Japan and major cities in South Korea。

"Japan Economic News" English website recently reported,Under the tension situation,Some Korean airlines will reduce flights to Japan。It is reported,Due to market pressure,Two airlines decided to cut low -profit routes。

A large Korean airline announced,From September,Flights between Busan and Sapporo, a port city in South Korea and Sapporo, Japan。Another large Korean airline also announced,bet365 best casino games Due to the continuous upgrade of economic and political tensions,Demand decrease,The company plans to replace small planes on some routes between Japan and South Korea from September。According to the "South Korea Times" report,Some cheap airlines in Korea also announced the same,It will reduce regular flights between the two countries。

but,The current situation is not all bad things for companies in other areas of South Korea。Upgrade with the situation of trade tensions,Korean consumer goods manufacturing company may become winners。In fact,Some Korean candy、The stock of the stationery and clothing company has risen two digits,The reason is not optimistic about market expectations,Many Korean consumers will not choose to buy products from Japanese consumer goods manufacturers。

  Once the situation is upgraded, it will drag the global economy

Korea Economic Institute, a senior director of the Korean Institute of Economic Research, said,Bet365 lotto review Any restrictions on Japan's export sensitive materials to South Korea will produce a global chain reaction。At present, when people evaluate the impact of Japanese and Korean trade frictions, they are focused on the semiconductor manufacturing industry,But it may also be extended to the petrochemical industry。In addition,From the short term,Japan's tourism industry facing the Korean market may be the first,But from the middle period,An important impact will be that the future direct investment between Japan and South Korea will decline,The reason may be that investors "weaken confidence"。

Himan thinks,The Japanese government's move may arouse negative reactions among these two Asian economic powers。If the tense situation continues to upgrade,Cooperation other than bilateral economic relations may become challenging,and have a negative impact on the global economy。

Editor in charge: Wang Ning
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