KONTAN.CO.ID - SEOUL. South Korea is assessing the risks of a row with Japan over forced wartime labor spreading to the financial sector, including loans and investments by Japanese institutions, the financial regulator said. Japan last week imposed tighter curbs on exports of high-tech materials to South Korea for making smartphone displays and memory chips. The action triggered calls in South Korea for a boycott of Japanese goods. Speaking to reporters on Friday, the chairman of South Korea’s Financial Services Commission was asked if the dispute could affect investments and loans by Japanese institutions.
South Korea assessing financial sector risks of wider row with Japan
KONTAN.CO.ID - SEOUL. South Korea is assessing the risks of a row with Japan over forced wartime labor spreading to the financial sector, including loans and investments by Japanese institutions, the financial regulator said. Japan last week imposed tighter curbs on exports of high-tech materials to South Korea for making smartphone displays and memory chips. The action triggered calls in South Korea for a boycott of Japanese goods. Speaking to reporters on Friday, the chairman of South Korea’s Financial Services Commission was asked if the dispute could affect investments and loans by Japanese institutions.