The European Union accused South Korea of selling ships at a loss in an attempt to push its European rivals out of the market. In other words, South Korea was accused of:a. dumpingb. illegal importingc. countertradingd. fiscal improprietye. using an illegal cartel

Dumping

Explanation:

Dumping is the practice of when a country sells a product in the foreign market at a lower price then as it was sold in their domestic market. This term applies to export/import. As we can see in the example, South Korea is selling their ships at a lower price in the European Union than it was sold in its own country. The purpose of dumping is to gain market share at a rapid pace and drive out its competition. It is widely seen as unethical, and can invoke certain penalties in some countries.