South Korea’s trade watchdog said Thursday it held separate public hearings on suspected damage to local companies in two ongoing anti-dumping cases involving Chinese and Japanese firms.
The hearings hosted by the Korea Trade Commission (KTC) follow preliminary decisions to impose anti-dumping duties of up to 33.5 percent on hot-rolled alloy and steel plates imported from China and Japan, and a 43.3 percent tariff on Chinese optical fibers.
Both of the duties are effective until January.
An investigation was launched after a local steelmaker, Hyundai Steel, filed a complaint in December against six Japanese firms and five Chinese producers of hot-rolled alloy and steel plates for alleged dumping.
The other investigation, launched in March, came after LS Cable & System, South Korea’s largest cable manufacturer, filed a complaint in early January, alleging that three Chinese companies sold single-mode optical fiber products at below fair market value.
The KCT is scheduled to make final decisions on anti-dumping measures in the two cases in December.
Meanwhile, the commission said it has received a complaint from chemical giant LG Chem, accusing three Chinese butyl acrylate producers of dumping. (Yonhap)
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