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Japan-South Korea rift

Samsung says Japan's export curb a 'burden' as profit plunges

South Korean tech giant also scales back foldable smartphone goals

SEOUL -- Samsung Electronics said Wednesday that Tokyo's export curb on South Korea is impacting its business by making it harder and more time-consuming to import key chemicals from Japan.

"We feel burdens due to the approval process from Japan's export restrictions even though exports are not banned yet," said Vice President Lee Myung-jin in a conference call after announcing its second-quarter earnings. "We will do our best to minimize negative impacts on production, although we cannot estimate how things will unfold at the moment."

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