World News: 04:37 GMT Wednesday 11th September 2019. [Yahoo Business News Feed via SPi World News]
It will formally request bilateral consultations with Japan on Wednesday as the first step in the WTO dispute settlement process, said Yoo Myung-hee, a senior official at South Korea's Ministry of Trade, Industry and Energy. Japan in July imposed tighter export controls on three chemicals South Korean companies use to produce semiconductors and displays for smartphones and TVs, citing unspecified security concerns over South Korea's export controls on sensitive materials that could be used for military purposes.
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