Daewoo Told to Pay 71% U.S. Duty on Washing Machines

The U.S. Commerce Department told Daewoo Electronics Corp. to pay a 71 percent import duty on large, residential washing machines made in South Korea, after the company didn’t respond to a probe of government subsidies.

The agency announced a preliminary finding yesterday after Whirlpool Corp. of Benton Harbor, Michigan, said in a Dec. 30 complaint that Seoul-based Daewoo, LG Electronics Inc. and Samsung Electronics Co. of Suwon, South Korea, sell washers in the U.S. for less than production costs.