Commerce Wants 'Continued' Export Control Cooperation With South Korea

Commerce Secretary Gina Raimondo discussed increasing export control collaboration with South Korea in an introductory meeting this week with South Korean Minister of Foreign Affairs Park Jin. Raimondo “expressed her interest in continued coordination” with South Korea on the export restrictions, Commerce said, which have been imposed on many areas of Russia’s economy, including its military, technology and luxury goods sectors. Commerce in March added South Korea to the list of countries that have imposed similar export controls against Russia and are excluded from certain license requirements under the U.S.’s Russia-related foreign direct product rules (see 2203040075).