17 Apr, 2012, 11:51 ET
WASHINGTON, April 17, 2012 /PRNewswire/ -- LG Electronics and its affiliates applauded today's determination by the U.S. International Trade Commission (ITC), confirming LG's position that imports of bottom-mount refrigerators from Korea and Mexico have not caused material injury to the U.S. industry, primarily Whirlpool Corp.
The 5-0 ITC vote ends the baseless investigation launched a year ago by Whirlpool. LG respects fair trade and the rules of international trade and is gratified that its selling practices were found to be in accordance with these rules, said Chris Jung, president, home appliances, LG Electronics USA.
As a result of the ITC's "negative injury determination," the Department of Commerce will not issue an antidumping duty order and imports of bottom mount combination refrigerator-freezers will once again enter the United States without any dumping duties being imposed. "More importantly," Jung said, "consumers will be free to choose refrigerators based on quality and innovation, hallmarks of LG's industry-leading home appliances."
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $49 billion global force and technology leader in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances, commercial displays, air conditioning systems and solar energy solutions, all under LG's "Life's Good" marketing theme. For more information, please visit www.lg.com.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances. With 117 operations around the world, LG achieved global sales of $49 billion in 2011. LG is comprised of four business units – Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions – and is one of the world's leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. For more news and information on LG Electronics, please visit www.LGnewsroom.com.
SOURCE LG Electronics USA, Inc.
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