Business Services Industry
U.S. FINAL DUTY ON HYNIX TO DEAL SETBACK TO KOREAN EXPORTS.
AsiaPulse News, June, 2003
SEOUL, June 18 Asia Pulse - The final decision by the US Commerce Department to impose stiff punitive tariffs on Hynix (KSE:00660) memory chip shipments has sent jitters through the business community as it comes at a time when South Korea faces a series of trade disputes in the coming months.
The ruling immediately raised fears the European Union (EU) may follow suit in August, when it plans to complete a review of whether the Korean government provided illegal subsidies for Hynix Semiconductor Inc.
Such a decision may adversely affect on-going trade disputes over the Korean government's alleged provision of subsidies to the shipbuilding, paper making and livestock industries sector.
In its final ruling, the U.S. Department of Commerce slapped a...
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