{"id":2202126,"date":"2023-09-01T08:00:37","date_gmt":"2023-08-31T23:00:37","guid":{"rendered":"https:\/\/koreapro.org\/?p=2202126"},"modified":"2023-08-31T22:09:19","modified_gmt":"2023-08-31T13:09:19","slug":"korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/","title":{"rendered":"Korea and China discuss latter\u2019s export restrictions signaling diplomatic thaw"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In bilateral consultations between South Korea and China on Aug. 29, Beijing <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20230831155500504?section=news\"><span style=\"font-weight: 400;\">clarified<\/span><\/a><span style=\"font-weight: 400;\"> its stance on the gallium and germanium export restrictions it implemented earlier this month. Chinese officials reassured their South Korean counterparts that the measures aren\u2019t an outright ban but export restrictions and that exports to South Korean companies can resume if they apply for permissions according to stipulated procedures. This move comes as China <\/span><a href=\"https:\/\/www.bbc.com\/news\/business-66118831\"><span style=\"font-weight: 400;\">accounts for<\/span><\/a> <span style=\"font-weight: 400;\">80% of the world\u2019s gallium and 60% of germanium,<\/span><span style=\"font-weight: 400;\"> materials vital for manufacturing semiconductors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">South Korea voiced its hopes during the 27th Korea-China Economic Joint Committee meeting in Beijing, urging that export control procedures related to the two elements operate reasonably, ensuring no adverse impacts on Korean businesses. China emphasized the mutual benefits of maintaining a stable supply chain, suggesting an ongoing commitment to policy communication between the two nations.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Diplomatic relations between South Korea and China hit a stumbling block earlier this year. In April, South Korean President Yoon Suk-yeol\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2023\/04\/chinese-foreign-ministry-rejects-yoons-remarks-about-taiwan\/\"><span style=\"font-weight: 400;\">remarks<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><i><span style=\"font-weight: 400;\">Reuters<\/span><\/i><span style=\"font-weight: 400;\"> \u2014 categorizing the \u201cTaiwan issue\u201d on the same global scale as North Korea\u2019s challenges \u2014 sent ripples through Beijing. The waters muddied further in June when China\u2019s ambassador to South Korea, Xing Haiming, <\/span><a href=\"https:\/\/koreapro.org\/2023\/06\/a-chinese-diplomats-controversial-remarks-stoke-tensions-with-south-korea\/\"><span style=\"font-weight: 400;\">cautioned<\/span><\/a><span style=\"font-weight: 400;\"> that those \u201cbetting on China\u2019s defeat will certainly regret it later.\u201d Many in South Korea viewed this as a veiled warning against Yoon\u2019s foreign policy, which leans more toward alignment with U.S. interests.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the recent consultations regarding China\u2019s export restrictions on gallium and germanium hint at a mutual desire to mend fences or, at a minimum, prevent further diplomatic erosion. Such discussions are not merely about trade; they&#8217;re a conduit for larger geopolitical negotiations, emblematic of both nations\u2019 efforts to strike a balance between economic cooperation and political positioning. Further, with <\/span><a href=\"https:\/\/www.koreatimes.co.kr\/www\/nation\/2023\/08\/113_357961.html\"><span style=\"font-weight: 400;\">whispers<\/span><\/a><span style=\"font-weight: 400;\"> of a potential meeting between President Yoon Suk-yeol and Chinese leader Xi Jinping in the offing \u2014 <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230831005451315?section=national\/diplomacy\"><span style=\"font-weight: 400;\">possibly<\/span><\/a><span style=\"font-weight: 400;\"> in Jakarta during the ASEAN summit or in New Delhi for the G20 \u2014 there appears to be an indication that Seoul and Beijing are searching for common ground amid their differences.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>In bilateral consultations between South Korea and China on Aug. 29, Beijing clarified its stance on the gallium and germanium export restrictions it implemented earlier this month. Chinese officials reassured their South Korean counterparts that the measures aren\u2019t an outright ban but export restrictions and that exports to South Korean companies can resume if they [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2202127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2202126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Korea and China discuss latter\u2019s export restrictions signaling diplomatic thaw - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korea and China discuss latter\u2019s export restrictions signaling diplomatic thaw - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"In bilateral consultations between South Korea and China on Aug. 29, Beijing clarified its stance on the gallium and germanium export restrictions it implemented earlier this month. Chinese officials reassured their South Korean counterparts that the measures aren\u2019t an outright ban but export restrictions and that exports to South Korean companies can resume if they [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-31T23:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T13:09:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2023\/08\/eb-14.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"Korea and China discuss latter\u2019s export restrictions signaling diplomatic thaw\",\"datePublished\":\"2023-08-31T23:00:37+00:00\",\"dateModified\":\"2023-08-31T13:09:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/\"},\"wordCount\":357,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/09\/korea-and-china-discuss-latters-export-restrictions-signaling-diplomatic-thaw\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/08\/eb-14.png\",\"keywords\":[\"Business &amp; 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