SEOUL (Reuters) -South Korean Minister for Trade Yeo Han-koo asked for a swift removal of sanctions against South Korean shipbuilder Hanwha Ocean’s U.S. subsidiaries in a phone call with Chinese counterpart Li Chenggang on Wednesday, his office said. Yeo and Li also discussed recent export curbs on rare earths imposed by Beijing, the South Korean […]
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South Korea trade envoy seeks removal of China curbs on Hanwha Ocean’s US units
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SEOUL (Reuters) -South Korean Minister for Trade Yeo Han-koo asked for a swift removal of sanctions against South Korean shipbuilder Hanwha Ocean’s U.S. subsidiaries in a phone call with Chinese counterpart Li Chenggang on Wednesday, his office said.
Yeo and Li also discussed recent export curbs on rare earths imposed by Beijing, the South Korean industry ministry said in a statement.
China has imposed sanctions on Hanwha Ocean’s U.S. subsidiaries and export controls on rare earths, which are expected to impact chipmakers including South Korea’s Samsung Electronics and SK Hynix.
(Reporting by Jack Kim; Editing by Himani Sarkar)