Where the import of foreign goods which have been subsidized and financially supported (hereinafter referred to as "subsidies, etc."), directly and indirectly, in the course of their manufacturing, production or export in any foreign country is verified to fall under any of the following cases (hereafter referred to as "material injury, etc." in this Sub-section) as a result of an investigation, and where it is deemed necessary to protect the relevant domestic industry, upon a request for assessment by a person interested in the domestic industry and prescribed by Presidential Decree, or the relevant Minister, the relevant goods, an exporter or an exporting country of such foreign goods, a supplier or an exporting country thereof may be designated; and customs duties not exceeding the amount of the subsidies, etc. (hereinafter referred to as "countervailing duty") may be assessed on the relevant goods in addition to customs duties in accordance with Ordinance of the Ministry of Economy and Finance: <Amended on Jun. 9, 2020>
1. Where the domestic industry suffers, or is likely to suffer, material injury;
2. Where the development of the domestic industry is substantially hampered.[This Article Wholly Amended on Dec. 30, 2010]