INDIAN FIRMS ACCUSE S. KOREANS OF DUMPING

INDIAN FIRMS ACCUSE S. KOREANS OF DUMPING

Indian petrochemical companies plan to accuse South Korean firms of dumping high-density polyethylene, a Korea Petrochemical Industry Association official said Monday.

An Indian petrochemical industry association has asked South Korean companies to provide documentation of domestic and export prices of high- density polyethylene, he said.The allegations would be ridiculous, the official said, because India already imposes a 150 percent tariff on the petrochemicals. Representatives

from South Korean firms plan to meet Wednesday to discuss possible countermeasures, he said.

An Indian anti-dumping suit would be damaging to South Korean petrochemical firms because of their heavy reliance on exports. South Korea exports about 48 percent of all high-density polyethylene output.

India is South Korea's third-largest high-density polyethylene export market, following China and Hong Kong, with shipments totaling 98,000 tons in 1992.