Sunday, September 22, 2019
South Korean Trade Minister Leaves for the United States
'Japan’s Economic Retaliation Affects Global Value Chains'
South Korean Trade Minister Leaves for the United States
  • By Jung Suk-yee
  • July 24, 2019, 08:58
Share articles

South Korean Trade Minister Yoo Myung-hee at Incheon International Airport before flying to Washington D.C. on July 23

South Korean Trade Minister Yoo Myung-hee departed to Washington D.C. on July 23 after saying that she would have meetings there to explain how Japan’s economic retaliation against South Korea affects global value chains as well as American companies.

She is likely to meet with U.S. Trade Representative Robert Lighthizer and many more. “I will meet with those in the business and trade communities, enterprises, lawmakers, etc.,” she said, adding, “The purpose of the meetings is to share our views about the impact of Japan’s measure on South Korean and American companies and global value chains.” She continued to say that specific meeting schedules have yet to be finalized and there will be a debriefing after she returns.

“There are some comments saying that the United States is rather passive in supporting South Korea concerning the issue, yet I am in no position to remark on the role of the U.S. government regarding the matter,” she went on to say, adding, “What I can say is that Japan is negatively affecting the global economy by shaking the foundation of international labor division on which countries have made efforts to develop their economies based on mutual trust and I will explain that point to the United States.”