A majority of them has been lodged against Chinese firms in the sectors of steel, petrochemical, biotechnology, battery and new materials, in which China has been rapidly narrowing the gap with, or overtaken South Korea in terms of technology or output.“Domestic conglomerates that rely on exports have generally refrained from filing anti-dumping complaints, considering their relationships with the target countries,” said a South Korean business group official.“But the rise in anti-dumping and patent infringement cases indicates the significant sense of crisis these companies are currently feeling.” If the trend continues, the number of anti-dumping charges brought against China is expected to exceed the 11 cases filed in 2002, a year after China’s accession to the World Trade Organization.
In the first half of this year, South Korean companies filed six anti-dumping complaints against foreign companies, asking for the government to slap tariffs on foreign goods or take action to stop their low-price offensives, according to the Ministry of Trade, Industry and Energy (MOTIE) on Thursday.
Now South Korea’s export heavyweights, including POSCO Holdings Inc., Hyundai Steel Co.and petrochemical companies, are taking the lead in bringing patent infringement and trade secret leakage charges against Chinese peers with the South Korean government.
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