South Korea has failed to convince the United States to suspend its preliminary decision to impose tariffs on exports from Hynix Semiconductor Inc., according to news reports today.

The talks began in Paris on Tuesday and ended with no U.S. concessions, reports noted. That raises the odds that U.S. government will implement its 57.37 percent duties on Hynix this summer.

"There was a wide difference between the two sides over the issue and the U.S. semiconductor industry held negative views about the suspension," an official from the Ministry of Commerce, Industry and Energy, told the Asian Times .

Hynix could not be reached for comment.

Talks between the two counties began in April as South Korea proposed postponing the U.S. Department of Commerce tariffs – duties that followed the European Commission's already suggested 33 percent tariffs in its union.

Meanwhile, Hynix's main creditor, the Korean Exchange Bank (KEB), said earlier this month that is has put the debt-ridden memory maker back on the selling block. KEB will begin a tour of China looking to sell the company as soon as the SARS epidemic has ended.

By: DocMemory
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