26 July 2016 at 0:56 GMT
The Korea Herald
Amid the rising tide of protectionism, a growing number of Korean companies are becoming the targets of protectionist measures in major overseas markets, including the US and China. Last week, the US took a series of harsh measures against Korean exporters. Notably, the Department of Commerce introduced high anti-dumping and countervailing duties on cold-rolled steel plates produced by POSCO and Hyundai Steel. In the US, protectionism has been gaining force. The outcry against free trade has been fanned by politicians in the run-up to the presidential election. The US is not alone in moving away from free trade. This trend has been manifested by the decision of the UK to leave the EU. The rising tide of protectionism poses serious challenges to Korean companies.
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