{"id":2207569,"date":"2024-12-19T08:00:05","date_gmt":"2024-12-18T23:00:05","guid":{"rendered":"https:\/\/koreapro.org\/?p=2207569"},"modified":"2024-12-18T18:04:41","modified_gmt":"2024-12-18T09:04:41","slug":"us-court-overturns-ruling-on-south-koreas-electricity-rates-as-subsidy","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/12\/us-court-overturns-ruling-on-south-koreas-electricity-rates-as-subsidy\/","title":{"rendered":"US court overturns ruling on South Korea\u2019s electricity rates as subsidy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea scored a key win in its trade battle with the United States, as the U.S. Court of International Trade <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169954\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=\"><span style=\"font-weight: 400;\">overturned<\/span><\/a><span style=\"font-weight: 400;\"> a decision that labeled the country\u2019s electricity rates as an unfair subsidy. The case, filed by Hyundai Steel with South Korea\u2019s government as a third-party participant, challenged the U.S. Commerce Department\u2019s 2023 ruling that targeted four high-energy-use industries. The court criticized the use of \u201csimplistic metrics\u201d to determine imbalance and questioned grouping practices for widely used resources like electricity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ruling ordered the Commerce Department to revise its findings within 90 days, offering South Korean exporters a temporary reprieve. However, the reassessment process will coincide with the start of Donald Trump\u2019s presidency, raising uncertainties about the political and trade dynamics that could reshape the outcome.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. court\u2019s decision provides an opportunity for South Korean exporters to avoid higher costs tied to countervailing duties. It also challenges the methodology used by the U.S. Commerce Department, potentially influencing how future subsidy cases are handled. For South Korea, securing a favorable final outcome is essential to preserving its competitiveness in the U.S. market, particularly as exports remain a cornerstone of its economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The timing complicates matters, with the 90-day reassessment period running into the early days of Donald Trump\u2019s presidency. Trump\u2019s history of protectionist trade policies and skepticism toward international trade norms could sway how the case proceeds. South Korea will likely focus on active diplomacy to reinforce its position, but Acting President Han Duck-soo\u2019s interim role may limit Seoul\u2019s influence.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea scored a key win in its trade battle with the United States, as the U.S. Court of International Trade overturned a decision that labeled the country\u2019s electricity rates as an unfair subsidy. The case, filed by Hyundai Steel with South Korea\u2019s government as a third-party participant, challenged the U.S. Commerce Department\u2019s 2023 ruling [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2207570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2207569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US court overturns ruling on South Korea\u2019s electricity rates as subsidy - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/12\/us-court-overturns-ruling-on-south-koreas-electricity-rates-as-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US court overturns ruling on South Korea\u2019s electricity rates as subsidy - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea scored a key win in its trade battle with the United States, as the U.S. Court of International Trade overturned a decision that labeled the country\u2019s electricity rates as an unfair subsidy. 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