South Korea’s Ministry of Finance imposes definitive anti-dumping tariffs on polyvinyl chloride (PVC) paste resin imports from Germany, France, Norway and Sweden. The ministry says the duties address market distortions caused by imports priced below fair value and follow findings from a trade investigation into potential dumping. The case began after chemical firm Hanwha Solutions filed a complaint last July (or August, per reporting) alleging that certain European exporters sold PVC paste resin into Korea at unfairly low prices. Korea’s trade commission accepted the complaint, opened an investigation, and later recommended that the finance ministry impose duties, with the final decision announced this week.
The anti-dumping tariffs range from 25.79% to 31.55% depending on the country of origin. The measures are scheduled to take effect on Aug. 5 and are set to remain in force for five years after a formal legislative notice process. The finance ministry also indicates it will continue monitoring low-priced imports that could disrupt the domestic market. PVC paste resin is described as a fine-particle material used in products such as interior building materials and industrial goods including wallpaper and gloves.
