Japan tax newsletter | 04 July 2019

Japan announces stringent licensing procedures for exports to Korea

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Executive summary

On 1 July 2019, the Japanese government announced that it would tighten controls on some exports to Korea. Accordingly, procedures for obtaining export licenses to Korea have been made more stringent for certain items used in the manufacture of LCD screens and semiconductors as of 4 July. The Japanese government has also taken steps to remove Korea from its “white country” list.

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