Friday, June 20, 2003
The South Korean government has said it will take the European Commission to the World Trade Organization over the body's preliminary decision to levy a 33 percent import tariff on chips made by Hynix Semiconductor Inc.
The government plans to file a complaint on the EU tariff in July, the finance ministry said in a statement, according to the report, which implies Korea is not prepared to wait for the final ruling from the Commission, the executive arm of the 15-member state European Union, which is expected in August.
The decision over Europe comes a day after the South Korean Ministry of Commerce, Industry and Energy said it would take a U.S. Department of Commerce ruling to levy 44.71 percent import tariffs on chips made by Hynix in South Korea to the WTO in June.
The U.S. case against Hynix was brought last November by U.S. DRAM maker Micron Technology Inc., alleging that the South Korean chip firm received $11.7 billion in illegal Korean government-sanctioned subsidies as part of three different bailouts in the period January 2001 to June 2002
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
