South Korea’s Trade Commission Finalizes 10.65% Duties on Imported Plywood Products from Vietnam

Following a nine-month probe, South Korea’s Trade Commission has called for anti-dumping duties of 10.65% for five years against Vietnamese plywood products for causing damage to South Korean producers. In their ruling the commission concluded that Vietnamese products were imported below normal prices, resulting in a drop in domestic companies’ market share, employment and operating profit. The commission’s decision still requires the approval of the South Korea’s Minister of Strategy and Finance prior to year’s end.