South Korea imposes antidumping tariffs on PET resin from China

On January 12, 2024, the Korea Trade Commission issued Announcement No. 2024-1 (Case No. 23-2024-1), stating that, in response to the application submitted by the South Korean company TK Chemical Co., Ltd. on November 20, 2023, an anti-dumping investigation has been initiated against Polyethylene Terephthalate Resin (PET resin) originating from China. The relevant Korean tariff code for the investigated products is 3907.61.0000.

The dumping investigation period spans from July 1, 2022, to June 30, 2023 (12 months), while the injury investigation period covers January 1, 2020, to December 31, 2023 (4 years). Chinese companies involved in this case include Hainan Yisheng Petrochemical Co. Ltd., China Resources Chemical Innovative Materials Co. Ltd., Yisheng Dahua Petrochemical Co. Ltd., and Zhuhai China Resources Chemical Innovative Materials Co. Ltd. The announcement takes effect from the date of publication, and unless extended, the preliminary ruling for this case will be made within three months.