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To: Chas who wrote (32933)	5/5/1998 11:11:00 PM
From: DJBEINO	Respond to of 53903

Korean Goods Hit With Anti-Dumping Charges as Export Drives Continue 05/05 15:41 An increasing number of Korean goods are getting hit with anti-dumping charges in foreign markets as both the government and the private sector push ahead with a powerful export drive. According to the Ministry of Commerce, Industry and Energy yesterday, four products, including hot coils and stainless steel wires, are undergoing anti-dumping investigations by the International Trade Commission. The investigations follow the National Trade Estimate report by the Office of the U.S. Trade Representative, in which the American Automobile Manufacturers Association demanded action against Korean cars. Similarly, the European Union has tentatively ruled on anti-dumping margins of 24-26.7 percent on stainless steel bolts and nuts and a similar ruling is expected for mini-facsimile systems, ministry officials said. In fact, Korean sources overseas, including the Korea Trade-Investment Promotion Agency, said European countries are moving quickly to impose anti-dumping duties on Korean cars, PC monitors and wireless telephones. ''With the slow demand for Korean products in developing markets such as Southeast Asia, export to advanced economies has been increasing at a steady rate, thus giving rise to these investigations,'' one ministry official said. Another region that is acting tough against the increasing inflow of Korean goods is Latin America, particularly Mexico, which is closely monitoring the import of Korean fabric into its market. In Colombia, there have been reports of concern in government that the market share of Korean vehicles is growing at a rapid pace and a regulatory agency is determining if an anti-dumping investigation is needed. ''The reality of the situation is that Korea has to concentrate on exports to bring in more foreign currency, but similarly poor economic situations in regions like China and Southeast Asia are forcing Korean firms to flood concentrated markets,'' the official explained. In an effort to head off further trade friction with trading allies, the ministry is planning to dispatch trade missions to affected countries to explain the situation confronting Korea, he added