TOKYO -- South Korea does not plan to drop anti-dumping tariffs on Japanese pneumatic valves despite a ruling Monday by the World Trade Organization favoring Japan, exposing a deep divide between the two countries amid heightened tensions.
The decision by the WTO's Dispute Settlement Body calling the tariffs in violation of trade rules will have little impact on its tariff policy, Seoul said late Monday. South Korea argued that it actually won the anti-dumping case, as the settlement body upheld its position on 10 of 13 issues in play.
