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Additionally, China is using the WTO mechanism to convince the US to treat it as a "market economy" — despite Beijing's restrictions on capital movement and currency manipulations.

South Korea threatened a separate WTO action if President Trump enforces a 53-percent steel tariff proposed by the Commerce Department last week.

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Under WTO rules, individual countries can't impose unilateral trade restrictions in the form of tariffs unless there are facts available at the time of decision showing the targeted manufacturer is consciously uncooperative with a trade remedy probe.

READ MORE: US-China 'Trade War': Is It Just a Diversion Tactic for Trump Voters?

In its WTO filing, South Korea alleges the US Department Commerce made its decision to impose the tariffs based on ‘adverse facts available' from the Korean manufacturers.

READ MORE: How China is Fighting Corruption as It Faces Trade War With US South Korea's filing with the World Trade Organization (WTO), dated February 14, disputed the US anti-dumping and anti-subsidy tariffs introduced under the Obama administration.

South Korea alleged the US didn't review the available facts "properly and objectively." South Korea is heavily reliant on the exports of its manufactured goods, and the US is one of its largest overseas markets.

Experts point out that US restrictions on imports could affect economic growth, employment and currency valuations of its trade partners, which, aside of South Korea, also include Japan, nations of Southeast Asia, and beyond.

This as the Trump administration has made it clear it seeks to raise the costs of imports for the domestic market.

"To better manage risks down the road, we have to explore new markets and develop value-added products and innovative materials," Trade Minister Paik said.

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