Last year, domestic corporations filed a record number of trade remedy petitions asking the government to investigate dumping.
According to trade remedy statistics from the Trade Commission of the Ministry of Trade, Industry and Resources on the 18th, domestic corporations filed a total of 13 anti-dumping investigations with the commission last year. That is the most since 2002.
By country, petitions seeking anti-dumping investigations against Chinese corporations were the most at nine. European Union (EU) corporations accounted for three, and Japanese corporations for one.
The Trade Commission initiated 10 anti-dumping investigations last year. Steel and nonferrous metal other products were the most at four, followed by chemical products at three.
Last year, the commission found that dumping imports caused material injury to the domestic industry in an anti-dumping investigation filed by Hyundai Steel regarding hot-rolled products of carbon steel and alloy steel from Japan and China. It then issued a preliminary determination to impose an anti-dumping tariff of 28.16%–33.57% on the products.
In addition, in the anti-dumping investigation related to imports of polyvinyl chloride (PVC) paste resin (PSR), used for interior building materials, filed by Hanwha Solutions, the commission issued a preliminary determination to impose an anti-dumping tariff of up to 42.81%.