SEOUL, Nov. 24 (Korea Bizwire) – The United States International Trade Commission (ITC) has recommended a 50 percent tariff rate on South Korean washing machine sold in the U.S. market, a move that could severely hamper sales for the likes of Samsung and LG. The recommendation by the ITC is widely interpreted among South Korean electronics [...]
WASHINGTON, Nov. 21 (Korea Bizwire) — A United States trade panel on Tuesday called for import restrictions on South Korean washing machines to improve the standing of domestic rivals. The U.S. International Trade Commission said it is recommending a 50 percent tariff rate on large residential washers built by Samsung and LG, and exceeding a [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean consumer electronics producers Samsung and LG have said American refrigerator manufacturer Whirlpool’s growing calls for U.S. trade authorities to impose safeguard tariffs on its rivals could restrict choices for consumers. The two South Korean electronics giants are increasingly having to defend their position in the U.S. refrigerator market [...]
SEOUL, Oct. 20 (Korea Bizwire) — LG Electronics Inc. said Friday Washington’s steps to impose trade barriers against South Korean washers could give adverse impact on U.S. consumers, saying such changes may also result in the delay of its on-going factory construction in Tennessee. The statement came as the U.S. International Trade Commission determined earlier [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean officials have defended the country’s makers of solar cells against a possible safeguard action by the United States during a public hearing, the foreign ministry said Thursday. A team of government officials from the foreign and trade ministries in charge of import regulations in overseas markets participated [...]
SEOUL, Aug. 28 (Korea Bizwire) – South Korean conglomerate SK Group’s North American division SKC has made public its stance in support of the U.S. government’s trade ban on imported solar energy batteries, including those from South Korea. SKC, despite being a division of a South Korean company, called for measures against importing solar energy batteries [...]