South Korea announces preliminary decision to impose anti-dumping duty on plywood imported from Vietnam
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South Korea’s Ministry of Trade, Industry and Energy has made a preliminary decision to place anti-dumping duties on plywood products from Vietnam, and requested the Ministry of Economy and Finance to impose an anti-dumping duty of 9.18 percent to 10.65 percent on plywood coming from Vietnam.
The Ministry of Economy and Finance is expected to make a decision within one month from its official request.
According to the Ministry of Trade, Industry and Energy, abnormal prices of plywood products imported from Vietnam has adversely impacted the domestic industry.
The plywood products that will be investigated include those used as interior and exterior building materials, furniture, packaging boxes and interior goods. In 2018, the plywood market of South Korea was valued at approximately 900 billion won, with plywood from Vietnam accounting for about 45 percent of the market.
The investigations will cover the period of 2016 to the first half of 2019.