safeguards Archives | Be Korea-savvy
South Korean Exports Threatened by Foreign Protectionism

South Korean Exports Threatened by Foreign Protectionism

SEOUL, Jan. 12 (Korea Bizwire) – The number of regulatory measures enacted against South Korean exports is on the rise, menacing the lifeblood of the South Korean economy. According to the Ministry of Foreign Affairs on Friday, regulatory measures such as antidumping tariffs, countervailing duties and safeguards imposed on South Korea exports increased to 189 [...]

S. Korean Gov’t Making Last-Ditch Effort to Dissuade U.S. From Imposing Tariffs

S. Korean Gov’t Making Last-Ditch Effort to Dissuade U.S. From Imposing Tariffs

SEOUL, Jan. 11 (Korea Bizwire) – Deputy Minister for Trade Kang Sung-chun left for the United States yesterday as South Korea looks to make one last push to encourage its second-largest trading partner to back off from imposing tariffs on solar panels and washing machines. Though fingers are crossed, the general mood is pessimistic, with [...]

Samsung, LG Concerned about Washington’s Move to Slap Tariffs on Washers

Samsung, LG Concerned about Washington’s Move to Slap Tariffs on Washers

SEOUL/WASHINGTON, Jan. 4 (Korea Bizwire) — South Korean tech giants on Wednesday (U.S. time) expressed concerns over Washington’s plan to impose stronger tariffs on washers, claiming the move will have adverse impacts on their hiring of U.S. workers. The remarks came during a hearing hosted by the U.S. International Trade Commission. Following a safeguard petition [...]