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S. Korea to impose anti-dumping duties on Chinese offset printing plates

All News 15:07 January 20, 2017

SEJONG, Jan. 20 (Yonhap) -- South Korea is set to impose anti-dumping duties on Chinese-made aluminum plates for offset printing, the trade commission here said Friday, amid rising trade tensions between the two countries.

After a preliminary examination, the Korea Trade Commission (KTC) said it will recommend the finance ministry levy punitive duties of 5.73-10 percent on the Chinese products for underselling Korean products and causing damage to the South Korean market.

The finance ministry is to determine whether to actually impose anti-dumping duties.

The plate, a thin and flexible metal panel with light-sensitive chemicals applied, is used to transfer the image from original materials to printing sheets.

S. Korea to impose anti-dumping duties on Chinese offset printing plates - 1

Chinese aluminum plates accounted for 70 percent of the South Korean market worth 130 billion won (US$111 million).

"The KTC concluded that there is enough evidence of anti-dumping practices and substantial damage on the South Korean industry," the commission said in a release. "We will recommend the finance ministry impose anti-dumping duties in order to prevent further losses."

The commission will make a final decision after carrying out an on-site investigation and hearings.

The KTC decision came as relations between Seoul and Beijing seem to have been tense over the planned deployment of the U.S.-led Terminal High Altitude Area Defense (THAAD) to South Korea.

The Seoul government has stressed firm action against China's intensifying anti-Korean moves, with Korean cosmetics and air purifiers denied import approval.


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