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Anti-Dumping case about washing machines
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Anti-Dumping case about washing machines : ウィキペディア英語版
Anti-Dumping case about washing machines

On August 29, 2013, an antidumping case involving South Korea began at the World Trade Organization over U.S. tariffs imposed on imported washing machines. Korea exports around U.S.$800 million–1 billion worth of washing machines to the United States per year. The machines are made in Mexico and Korea. Korea was notified by the WTO for consultations with the United States on anti-dumping and countervailing measures on Korean "residential washers" by the US Department of Commerce. The case was brought by Whirlpool Corporation, one of the world's biggest appliance makers.
Whirlpool produces large residential washers in the United States under the Whirlpool, Maytag, Roper, Estate, Admiral, Amana, and Crosley brands.
The antidumping investigation came in response to a petition filed in December 2011 by Whirlpool Corporation, claiming washing machines imported from South Korea and Mexico were being sold at prices below fair market value. Whirlpool filed several complaints against imports from South Korea and Mexico.
==History of Chaebols==
South Korean companies are known as chaebols, multinational corporations owning numerous international firms. These conglomerates play a role in Korean politics. During the 1960s, Park Chung-hee's government initiated a series of five-year plans under which the chaebols were required to fulfill a series of objectives. These plans were initiated to promote growth and development within South Korea. Chung-hee's goal was to increase industrialization by promoting large businesses through the First Five Year Economic Plan. The chaebols' growth was directly related to foreign loans and special favors, as well as access to newer technology. Tremendous growth began in the early 1960s with the expansion of South Korean exports and continued to expand into export markets in the 1980s, when the chaebols became financially independent.

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