▲ Ministry of Economy and Finance
The Ministry of Economy and Finance announced today (August 21) that it has decided to impose anti-dumping duties on seamless copper pipes imported from Thailand into South Korea.
This decision was made after the Trade Commission under the Ministry of Trade, Industry and Energy accepted and investigated an anti-dumping investigation request filed by Neowon Metal Industry Co., Ltd. and LS Metal Co., Ltd., which confirmed the existence of dumping.
Consequently, anti-dumping duties ranging from 4.93% to 8.41% will be levied on imported Thai seamless copper pipes for five years, starting from the 11th of next month.
Seamless copper pipes from Thailand are materials widely used in everyday life, serving as raw materials for residential and industrial air conditioning systems.
As of 2024, the domestic market size is approximately 600 billion won, and the market share of Thai products is around 8%.
The government expects that this measure will improve the conditions of domestic industries that have struggled with low-priced dumped imports and foster a fair competitive environment.
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