South Korea, today  filed a complaint against the European Union at the World Trade Organization alleging that European governments unfairly imposed import duties on South Korean computer memory chips.

Last week, the EU said it had imposed a 34.8 percent tariff on imports from Hynix Semiconductor Inc. after ruling that the South Korean government had subsidized the chipmaker in violation of WTO rules, according to the report.

The action follows a move by the United States, which in June slapped a 44.71 percent import tariffs on chips made by Hynix Semiconductor Inc. South Korean authorities have said they planned to file a dispute with the WTO over the U.S. duty, according to the report.

Last year, Infineon and Micron filed complaints to the European Union and the U.S. Department of Commerce, saying South Korean rivals received subsidies allowing them to undercut global chip prices.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved