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Moon warns Japan of consequences of export controls against S. Korea

Arirang News 2019-08-02

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문 대통령, 일본 조치 "깊은 유감",.. "상응조치 단호하게 취할 것"

President Moon Jae-in during an emergency Cabinet meeting this afternoon warned that Japan will face severe consequences for what he called its "reckless" act.
Our presidential correspondent Shin Se-min joins us live from the Blue House.
Se-min, tell us more.
It's looking like an eye-for-an-eye situation with Japan on this Friday.
President Moon Jae-in, during an emergency Cabinet meeting this afternoon, sent out a warning to Japan, describing its decision to drop South Korea from its whitelist of trusted importers as a "grave challenge" to the two countries' relations and a "selfish" move that will greatly hamper the global economy.
I want to go back to that bit from the meeting earlier,... here's President Moon Jae-in sending a clear message to Japan.
"It's become obvious that the Japanese government is responsible for having made the situation worse by ignoring the Korean government and the international community's efforts to resolve the issue diplomatically. Accordingly, I unequivocally warn that the Japanese government will be entirely responsible for what unfolds going forward."
The president called the decision... a case of "clear unjust economic retaliation" over South Korea's top court's ruling that ordered Japanese companies to compensate the Koreans used for forced labor during colonial rule.
He said his government will take corresponding measures in a resolute way and said despite Japan being an economic powerhouse,... South Korea has its own methods to counter Japan's attempt to damage the economy.
And Devin,... the fact that the Cabinet meeting, normally held on Tuesdays, was held today and that the president's opening remarks were broadcast live already shows how the Korean government is handling the matter with a sense of gravity and sensitivity. The president was speaking not only to Japan here. He also made an appeal to the people of Korea.
Tell us about that.
The president, while blasting Japan for its actions,... at the same time,... called on the people of Korea to stand together, united.
He said when Koreans believe in the competence of their government and their companies,... large and small,... with confidance we can overcome this crisis.
The president imparted a sense of confidence.
"If we take the current challenges as an opportunity to make a new economic leap forward, we can triumph over Japan. Our economy can surpass Japan's."
Behind that strong message, though,... President Moon left the door open to Japan,... saying that one way to stop all this and the vicious cycle of tit-for-tat is for Japan to immediately withdraw its wrongful measures and return to the table for talks.
As for ways South Korea can respond,... the finance minister will hold a joint presser in a few moments' time and that could include short-term supply and demand countermeasures along with a message condemning Japanese government.
The government may also review possible legal changes that could per

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