SEOUL, Nov. 17 (Korea Bizwire) – U.S. Department of Commerce said Friday it issued preliminary anti-dumping duties on cold-drawn mechanical tubing from South Korea and five other nations, claiming cheap imports were hurting local companies. In a statement, the U.S. government said its investigation determined that companies from South Korea, Germany, China, Switzerland, India and [...]
SEOUL, Aug. 2 (Yonhap) — South Korean companies face some 190 import tariff restrictions in 28 countries, with emerging markets accounting for over 70 percent of the barriers, a local trade promotion agency said Wednesday. As of June, Korean firms were involved in 154 antidumping and countervailing duty actions and 36 safeguard tariffs imposed by [...]
SEOUL, Mar. 27 (Korea Bizwire) — A mid-size South Korean alloy maker has decided to withdraw from the U.S. market after being slapped with prohibitively heavy anti-dumping duty over its exports to the U.S., the trade ministry said Sunday. The U.S. Department of Commerce has recently sealed its decision to levy a 54.69 percent anti-dumping [...]
SEOUL, March 17 (Korea Bizwire) – South Korea’s agency handling trade remedies said Friday that it has decided to extend the current anti-dumping tariffs imposed on some foreign stainless steel products by three additional years. The Korea Trade Commission said it will ask the finance ministry to continue to slap anti-dumping tariffs of 3.56 to [...]
SEJONG, Jan. 20 (Korea Bizwire) – South Korea is set to impose anti-dumping duties on Chinese-made aluminum plates for offset printing, the trade commission here said Friday, amid rising trade tensions between the two countries. After a preliminary examination, the Korea Trade Commission (KTC) said it will recommend the finance ministry levy punitive duties of [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korean exporters are bracing for growing protectionism as foreign countries are struggling to shield their local industries from a prolonged economic slowdown and surge in foreign imports, industry data showed Wednesday. According to the data compiled by the Korea International Trade Association (KITA), a total of 132 anti-dumping [...]