Japan to ease rules on chip materials exports to S.Korea

The Japanese government announced on Thursday it is set to ease controls on shipping high-tech materials to South Korea. That came after a three-day director-level meeting between the neighboring countries.

Japan tightened rules for exporting three materials used for semiconductors and organic LED displays in 2019, citing security concerns. Japanese companies are major manufacturers of these goods.

South Korea reacted to the controls by filing a complaint with the World Trade Organization in 2020.

Japan's decision to ease the controls came as it has confirmed that South Korea will drop the WTO case.