South Korea’s President Says Japan Deal Could Help Supply Chains for Chips

Under Yoon’s plan for the colonial-era workers, South Korean companies, rather than Japanese ones, would finance a foundation to pay Koreans conscripted into labor. Photo: Bloomberg

(Bloomberg) — South Korea’s president sees a deal to end a feud with Japan opening the way to better business ties between the neighbors that could bolster global supply chains of semiconductors and steady their economic relations with China.

“If Korea and Japan — both global trade powerhouses and manufacturing industry leaders — work together on technology, I expect that it will create an enormous synergy,” Yoon Suk Yeol said in joint written interview with Bloomberg, the Associated Press, Agence France-Presse, Reuters and Kyodo News that was released Wednesday.

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