LG Contests Preliminary ITC Vote in Refrigerator Antidumping Investigation

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May 13, 2011, 11:38 ET

WASHINGTON, May 13, 2011 /PRNewswire/ -- In light of today's preliminary injury vote by the U.S. International Trade Commission (ITC), LG Electronics is prepared to show how imports of bottom-mount refrigerators from Korea and Mexico have not injured the U.S. domestic industry.

In this early phase of the case, ITC commissioners voted that there is a reasonable indication that the domestic industry, principally Whirlpool Corporation, is materially injured by reason of imports of bottom-mount refrigerators from Korea and Mexico. While LG respects the work the ITC Staff and Commissioners have put into this preliminary determination, the company respectfully disagrees with the preliminary result.

LG notes that the statutory standard at this preliminary stage of the proceeding is a very low threshold. The company will aggressively contest the injury-related issues in the final determination phase. "LG looks forward to the opportunity to more fully set forth the reasons why imports from LG, the innovation leader in the refrigerator industry, has in no manner injured Whirlpool," said Sam Kim, President, Home Appliances, LG Electronics USA, Inc. "We are confident that LG will prevail in the final ITC determination."

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a 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.

SOURCE LG Electronics USA