BUSINESS

Gov't, firms to discuss countermeasures over US finding on Korean washers

By Yonhap
  • Published : Oct 7, 2017 - 12:29
  • Updated : Oct 7, 2017 - 15:31

The South Korean government and tech giants Samsung Electronics Co. and LG Electronics Inc. plan to discuss ways next week to counter a possible safeguard action by the US against their washing machines, industry sources said Saturday.

The move comes as the US International Trade Commission (ITC) said Thursday that imports of Samsung and LG's washing machines made in foreign countries were harming the US industry following its four-month probe prompted by a safeguard petition filed by Whirlpool Corp. against them.

Local manufacturers` washing machines are on display. Yonhap

Officials from the trade and foreign ministries and Samsung and LG officials plan to meet on Wednesday to discuss countermeasures ahead of a US public hearing on possible remedies on Oct. 19, according to an industry source.

The source said that they are expected to discuss ways to counter Whirlpool's claim and a possible safeguard action by the US

The panel plans to recommend remedies by Dec. 4, to US President Donald Trump who will make a final decision over the issue.

Samsung and LG have said that the ITC's announcement will have an adverse impact on US consumers by limiting their choices.

The Korean firms are likely to highlight their rise in boosting investment and job creation in the US by citing their plan to build factories on home appliances in South Carolina and Tennessee, according to an industry official.

"Though the move is not directly related to the latest case, Samsung and LG are expected to emphasize their contribution to the US economy," the official said.

"They will also stress that US consumers' choices will be restrained if the US imposes safeguards on their washers." (Yonhap)