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S. Korea’s Steel Exports to U.S. Drop by Bigger Margin than Rivals

S. Korea’s Steel Exports to U.S. Drop by Bigger Margin than Rivals

SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s steel exports to the United States last year, regulated by a quota, fell more than those by key rivals China and Japan that were subject to higher tariffs, analyzed data indicated Tuesday. According to the analysis by the Washington office of the Korea Trade-Investment Promotion Agency (KOTRA), [...]

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 [...]

Canada Slaps Provisional Duties on S. Korean Steel Products

Canada Slaps Provisional Duties on S. Korean Steel Products

SEOUL, Sept. 13 (Korea Bizwire) — Canada’s border authorities said they have imposed up to 107.2 percent provisional duties on South Korean steel products in a preliminary ruling that could deal a blow to South Korean companies. The Canada Border Services Agency said on its website checked here Tuesday that it “made a preliminary determination” [...]

U.S. Import Restrictions on Rise With New Tools for Tariffs

U.S. Import Restrictions on Rise With New Tools for Tariffs

SEOUL, April 25 (Korea Bizwire) – The number of U.S. import restrictions so far this year has already surpassed half of last year’s total, a local trade body said Monday, including one against South Korean products. According to the Korea International Trade Association (KITA), the U.S. has launched an investigation into 24 separate cases on suspicions of anti-dumping and countervailing duties in the January-April period. This [...]