S. Korea launches anti-dumping probe into ethanolamine imports
By 송상호Published : Dec. 20, 2013 - 22:01
South Korea's trade commission on Friday launched a formal investigation into alleged dumping by a local importer of ethanolamine.
The probe will affect products from the United States, Japan, Malaysia and Thailand, according to the Ministry of Trade, Industry and Energy.
Ethanolamine is a chemical compound used to produce various products including detergent and plasticizer.
In 2012, the country's market for ethanolamine came to about US$47 million with 49 percent of the total supplied by the four countries, the ministry said in a press release.
The probe by the Korea Trade Commission will take about three months, during which the commission will also interview suppliers from the four countries.
The commission will make a preliminary decision in March on whether to impose anti-dumping duties on products supplied by the local importer, KPX Green Chemical. A final decision will likely be made in June, the ministry said. (Yonhap News)
The probe will affect products from the United States, Japan, Malaysia and Thailand, according to the Ministry of Trade, Industry and Energy.
Ethanolamine is a chemical compound used to produce various products including detergent and plasticizer.
In 2012, the country's market for ethanolamine came to about US$47 million with 49 percent of the total supplied by the four countries, the ministry said in a press release.
The probe by the Korea Trade Commission will take about three months, during which the commission will also interview suppliers from the four countries.
The commission will make a preliminary decision in March on whether to impose anti-dumping duties on products supplied by the local importer, KPX Green Chemical. A final decision will likely be made in June, the ministry said. (Yonhap News)