Seoul, Sep 26 (IANS) South Korea plans to launch an antidumping investigation into stainless steel plates imported from China after a local company claimed that cheap imports have damaged the domestic market, the industry ministry said on Thursday.
The move came after DK Corp filed a complaint with the Korea Trade Commission in June, claiming that stainless steel plates from four Chinese companies were imported at below reasonable market prices, according to the Ministry of Trade, Industry and Energy.
The plates are widely used in various industries, including the petrochemical, shipbuilding, and semiconductor sectors, reports Yonhap news agency.
The commission said it plans to carry out investigations on products imported in 2023.
Last month, the government said that Children’s bicycles, skates and sunglasses sold in South Korea by Chinese online platform AliExpress have been found to contain a hazardous substance exceeding the country’s standard by about 260 times.
The government conducted a safety examination on 16 kinds of children’s products sold on AliExpress, such as inline skates, kickboards, bicycles, glasses, and sunglasses, and half of them were found to contain hazardous substances exceeding domestic standards or were not durable enough.
The number of complaints by South Korean users about the products and services on the Chinese platforms has soared recently.
Given this, the South Korean antitrust regulator Fair Trade Commission (FTC) in May signed agreements with the Chinese retail platforms AliExpress and Temu meant to prevent them from selling harmful products and to better protect consumers.
The move came as the customs agency found that some of the products sold on AliExpress, owned by Alibaba, and Temu contained high levels of carcinogens and other harmful substances, the FTC said.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
