Containers are stacked at a port in Pyeongtaek, around 60 kilometers south of Seoul, in this July 24, file photo. (Yonhap)
Containers are stacked at a port in Pyeongtaek, around 60 kilometers south of Seoul, in this July 24, file photo. (Yonhap)

South Korea's finance ministry on Tuesday decided to impose antidumping duties on Chinese butyl acrylate after concluding that the imports had harmed the domestic industry.

The Ministry of Finance and Economy said it will impose antidumping duties ranging from 8.32 percent to 19.17 percent on imported products following an investigation by the Korea Trade Commission.

The duties will go into effect on Sept. 28 and run through Sept. 27, 2031.

A formal probe was launched in September 2025 following a complaint filed by LG Chem Ltd.

The domestic market was estimated at about 100 billion won ($73 million) in 2024, with Chinese products accounting for 47 percent.

"The measure will help remedy the damage caused to the domestic industry by low-priced dumped imports and correct market distortions caused by unfair pricing," the ministry said.

Butyl acrylate is a clear, colorless chemical used to manufacture various paints, coatings and adhesives. It is also used in the making of plastics and textiles. (Yonhap)