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Arbitration panel to rescue LG, Hyundai on anti-dumping

US will be forced to drop tariffs on SK firms

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Micron is likely to be disappointed at a decision by the World Trade Organisation (WTO) which will make the US government take LG and Hyundai off its anti-dumping list. According to a report in English language paper Korea Times, the WTO is likely to rule that a US refusal to take the companies off an anti-dumping list is unjustified. The South Korean government asked the WTO for a ruling last year after LG and Hyundai had anti-dumping tariffs imposed on them for three consecutive years. The US and the South Korean government had failed to reach a compromise and the WTO appointed three arbitrators to come to a conclusion. ®

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