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Customs Act — Article 54 (Proposal of Undertaking in Connection with Anti-Dumping Duties)

관세법 제54조

This English translation is based on the Korean text effective 2023-06-05. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) If the dumping of the relevant goods and the existence of material injury, etc. caused thereby are made definite as a result of conducting a preliminary investigation to determine whether anti-dumping duties on such goods are assessed, the Minister of Economy and Finance or the exporter of the relevant goods may propose a undertaking to adjust the price of the relevant goods to the extent that the adjusted price eliminates such material injury caused by the dumping of the relevant goods or suspend the dumping export, as prescribed by Presidential Decree.

(2) If the proposed undertaking referred to in paragraph (1) is accepted, the Minister of Economy and Finance shall have the investigation suspended or terminated without taking a provisional measure or assessing anti-dumping duties: Provided, That if the Minister of Economy and Finance deems it necessary to continue the investigation or the exporter of the relevant goods requests to continue the investigation, such investigation may continue.[This Article Wholly Amended on Dec. 30, 2010]

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