Daily News / Global Trends / Market Analysis / Wood Products / Wood-based panels / Asia & Middle East / Global
December 3, 2019
South Korea launches anti-dumping probe into Vietnamese plywood
South Korea's trade commission has launched an anti-dumping investigation into plywood imported from Vietnam, as local firms claimed the cheap imports are seriously damaging the domestic industry. The investigation came as the Korea Wood Panel Association, a union of South Korean plywood producers, filed a petition claiming that Vietnamese products have led to a decrease in their earnings. South Korea's market for plywood was estimated at 800 billion won (US$677 million) in 2018, with Vietnamese products accounting for 40 percent. Local firms took up around 10 percent of ...
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