LG Electronics Disputes ITC Injury Finding In Washing Machine Antidumping Case

LG Electronics Disputes ITC Injury Finding In Washing Machine Antidumping Case

PR Newswire

WASHINGTON, Jan. 23, 2013

WASHINGTON, Jan. 23, 2013 /PRNewswire/ -- LG Electronics USA disputes today's
injury findings by the U.S. International Trade Commission (ITC) in a washing
machine antidumping investigation. Commissioners ruled that domestic industry,
principally Whirlpool Corporation, is "materially injured" by washer imports
from Korea.

(Logo: http://photos.prnewswire.com/prnh/20110203/CG42292LOGO-d)

Wayne Park, president and CEO, LG Electronics USA, said, "LG respects the work
the ITC Staff and Commissioners have put into this determination, but we
disagree with the result, which will harm U.S. retailers and consumers by
artificially raising prices on some of the country's most popular washing
machines."

LG Electronics has aggressively contested the injury-related issues in all
phases of this proceeding and will review its appeal options when the ITC's
final determination is released next month.

"LG is committed to full compliance with U.S. trade laws," Park said. "As the
leading brand of front-load residential washing machines in the United States,
LG is proud of its premium, stylish and innovative laundry products designed
to meet the needs of U.S. consumers."

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 USD 49
billion (KRW 54.26 trillion) in 2011. LG comprises 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. LG
Electronics is a 2012 ENERGY STAR® Partner of the Year.

SOURCE LG Electronics USA

Website: http://www.lg.com
Contact: John I. Taylor, LG Electronics USA, +1-847- 941-8181,
john.taylor@lge.com
 
Press spacebar to pause and continue. Press esc to stop.