South Korea said Wednesday it has imposed anti-dumping duties of up to 40 percent on Japanese polyvinyl chloride (PVC) makers while an investigation into dumping charges proceed. The finance and economy ministry said the tariffs took effect Monday for four months until investigations into anti-dumping charges against Japanese firms are completed.
"Anti-dumping duties are effective tentatively from December 20 through April 19," ministry spokeswoman Song Kyung-Jin said.
"The rate of duties will be readjusted afterward."
Seoul has imposed 40.20 percent anti-dumping duties on Takiron Co's PVC plates while slapping other Japanese firms' with tariffs ranging from 35.23 percent to 38.60 percent, according to the ministry.
Japan supplies more than 30 percent of South Korea's demand for PVC plates, which are extensively used in semiconductors, liquid crystal displays and plasma display panels.
South Korean trade authorities have looked into the dumping charges since May at the request of a local manufacturer, Crown Inc. The probes usually take one year, Song said.
The Korean Trade Commission in October decided to impose preliminary anti-dumping duties against the Japanese firms after on-site investigations.
South Korea's PVC plate market is growing fast at home and abroad thanks to the booming information and technology industry.
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