South Korea Proposes 5-Year Anti-Dumping Duties on Petroleum Resin from Taiwan & Mainland China

Measures Proposed: South Korea’s Trade Commission recommended imposing anti-dumping duties ranging from 2.26% to 18.52% on petroleum resin imports from China and Taiwan for a 5-year period.

Origins: The proposal follows a complaint last year by Kolon Industries accusing five Chinese and two Taiwanese companies of selling petroleum resin at unfairly low prices in the Korean market.

Scope & Rates: The preliminary decision (Dec 2024) set duties between 4.45%–18.52%. Later, in February 2025, the Ministry of Finance imposed temporary duties of 4.45%–7.55% until June 2025.

Extension: In June 2025, these temporary duties were extended to July 31, 2025.

Product Details: Petroleum resin, also known as hydrocarbon resin, is derived from naphtha cracking and used as an additive in paints, inks, adhesives, paper, and hygiene products. Under Korea’s free-trade agreement, Chinese goods usually enter duty-free, but the commission determined that the surge in low-priced imports threatened domestic producers

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