"Korea at the mercy of the West"...China media's warning, citing 'darkness' [Now News]

China's state-run media has checked that the Korean government can investigate anti-subsidy and impose countervailing tariffs on Chinese electric vehicles like the European Union (EU), saying it will backfire.

The Global Times, a Chinese state-run English-language newspaper, reported, "South Korea has been swayed by the wrong actions of the U.S. and EU politicizing trade protectionism and economic issues."

"China is South Korea's largest export market, and if the U.S.-Europe unilateral trade measures are followed, there is a risk of damaging the interests of South Korean companies and Koreans," he said.

Earlier, an official from the Ministry of Trade, Industry and Energy said on the 18th that Korea's law also has provisions on the ground to impose countervailing duties like the EU, ahead of China's BYD entering the Korean market, and that if domestic industry stakeholders apply for a subsidy investigation, they will investigate it fairly.

Countervailing tariffs are a measure in which the importing country protects its industry by imposing tariffs on the item if the government of a particular country directly or indirectly subsidizes it and determines that the exported item causes substantial damage to the imported country's industry.

In the wake of the recent rise of oversupply from China in major industries such as automobiles, steel, chemicals, and secondary batteries, the EU and the United States are already taking active trade countermeasures, including imposing countervailing tariffs.

a reporter | Kang Jung-kyu
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