If Japan takes away special trade privileges from South Korea, Samsung could be forced to look for alternative suppliers for its memory chips and that could give prices a boost, says Mark Newman from Sanford C. Bernstein.
South Korea relies heavily on Japanese exports of intermediate parts and materials, particularly electronics components and chemical products, in its manufacturing industry.
On its earnings call, a Samsung executive said the company is facing "difficulties due to the burden of this new export approval process, and the uncertainties that this new process would bring." Still, Samsung said its second-quarter memory demand rose despite weak business conditions and that it expects further increase in the second half of the year due to "strong seasonality."Some experts have said the trade dispute between Tokyo and Seoul may not necessarily result in any major disruption to supply chains.
" on Wednesday. "Maybe there is a little bit of an added cost associated with this, but similar to the situation between U.S. and China, the dispute between Japan and Korea has not really had any disruptive impact.""The inventory correction of the downturn is behind us.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asiana feels chill in air travel from frosty South Korea-Japan tiesSouth Korea's Asiana Airlines Inc said on Tuesday it plans to s...
Read more »
South Korea braces for Japan decision on trade status, seen as soon as FridaySouth Korea is bracing for Japan's decision to drop it from a 'white l...
Read more »
Pompeo hopes to help patch up Japan-South Korea tiesU.S. Secretary of State Mike Pompeo said he would encourage the two biggest U.S....
Read more »
Japan-South Korea Tensions Are Eroding Security In Northeast AsiaDomestic polarization and political self-interest that dominate decision-making in Japan and South Korea render the current round of tensions between the two nations qualitatively different from previous incidents.
Read more »
SKorea says NKorea has fired unidentified projectilesSEOUL, South Korea (AP) — South Korea says North Korea has fired several unidentified projectiles off its east coast. South Korea's Joint Chiefs of Staff says the launches were done...
Read more »
North Korea launches projectiles: South Korea militaryNorth Korea has fired multiple unidentified projectiles, South Korea says. Seoul says its military is on alert for further launches.
Read more »