The Chinese government has issued a preliminary ruling indicating that there is dumping in the imports of pecans from the United States and Mexico, determining a dumping margin of 54% specifically for U.S. products.
According to Yonhap News on August 10, the Ministry of Commerce of China announced the results of its anti-dumping investigation, which began in September of last year, stating that "dumping exists, the Chinese pecan industry has suffered substantial damage, and there is a causal relationship between the two parties."
The ministry also stated that starting August 11, it will implement temporary anti-dumping measures in the form of a deposit, requiring importers to pay a deposit to the authorities.
For Mexican imports, the deposit rates range from 17.8% to 51.6% depending on the company, while all U.S. companies will face a 54.3% deposit.
U.S. Ambassador to South Korea Michelle Steel visited the National Cemetery in Seoul on August 10, accompanied by U.S. Forces Korea Commander Javier Brunson.
Ambassador Steel expressed her honor in a post on X (formerly Twitter), stating, "It was a privilege to lay a wreath with Commander Brunson at the National Cemetery to honor the dedication and sacrifice of Korean War veterans."
Steel's husband, attorney Sean Steel, who has accompanied her on key engagements since her appointment, was also present during the visit.
Ambassador Steel arrived in South Korea on July 30 and submitted her credentials to Foreign Minister Park Jin on August 4.
Despite Ukraine's calls for South Korea to support its air defense systems amid concerns of a potential additional troop deployment of 30,000 to 50,000 North Korean soldiers to Russia, the South Korean government is maintaining its cautious approach.
On August 10, a Foreign Ministry official responded to Ukrainian President Volodymyr Zelensky's remarks about ongoing diplomatic contacts regarding air defense support, stating, "Our provision of defense materials to each country has been conducted in compliance with relevant domestic laws and policies."
The official added that South Korea has been providing support to Ukraine in various sectors, including energy, infrastructure, healthcare, and education, and will continue to explore options for peace and reconstruction in Ukraine.
Kolmar Holdings announced on August 10 that its consolidated operating profit for the second quarter reached 25.3 billion won, marking a 54.7% increase compared to the same period last year.
However, sales decreased by 19.0% to 142.3 billion won, and net profit fell by 10.1% to 35.3 billion won. For the first half of the year, the cumulative operating profit was 45.7 billion won, a 134.4% increase from the previous year.
Sales for the first half totaled 294.3 billion won, down 10.3%, while net profit rose by 86.1% to 75.1 billion won.
Police have begun a formal investigation into allegations that Ador, the agency representing the girl group NewJeans, leaked visa information of member Hani, an Australian of Vietnamese descent, on August 10.
According to Yonhap News, attorney Park Kang-ho from the law firm representing Kim Seong-soo, a cultural critic who filed a complaint against Ador and its employees for violating personal information protection laws, appeared at the Yongsan Police Station in Seoul on the same day.
Kim had previously claimed that Ador leaked Hani's personal information, including her E-6 visa type, expiration date, and the status of her visa extension application, during a dispute over her exclusive contract.
Hanssem announced on August 10 that it achieved an operating profit of 11.3 billion won in the second quarter, marking its 13th consecutive quarter of profitability.
The company attributed its success to strengthening the competitiveness of its B2C products and enhancing its brand value, resulting in a 400% increase in operating profit compared to the same period last year, despite the second quarter traditionally being a slow season in the home interior industry.
Sales decreased by 9.2% to 417.2 billion won, while net profit fell by 85.2% to 4.8 billion won.
* This article has been translated by AI.
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