Korea protests punitive Japan chip tariff

January 20, 2006

South Korea warned Friday it would take Japan's punitive tariff on Hynix Semiconductor to the World Trade Organization.

Japan announced Thursday that semiconductor chips manufactured by Hynix would be subjected to a 27.2-percent countervailing tariff due to the company's heavy financial support from state-owned Korean banks.

Tokyo said the banks had bailed Hynix out of financial trouble twice, enabling the world's second-largest chip maker to undercut its competitors.

The JoonAng Daily newspaper said Friday that Seoul characterized the move as having no legal basis and coming at the behest of Japanese chip companies.

If enacted, the tariff would apply to Hynix's dynamic random access memory chips beginning Jan. 27 and would last five years. The chips are used in digital music players, personal computers and other consumer electronics.

Copyright 2006 by United Press International

Explore further: In Brief: WTO panel to examine Japan-Korea chip tiff

Related Stories

Korean DRAM finds itself shut out of Japan

January 27, 2006

Japan may claim that the countervailing duty it slaps against Korean DRAM chip maker Hynix from today is just a protest against unfair trade practices and to curb dumping, but there's a widespread belief that the country ...

Collaboration aims to harness the energy of 2,000 suns

April 22, 2013

Today on Earth Day, scientists have announced a collaboration to develop an affordable photovoltaic system capable of concentrating, on average, the power of 2,000 suns, with an efficiency that can collect 80 percent of the ...

Recommended for you

NASA's space-station resupply missions to relaunch

November 29, 2015

NASA's commercial space program returns to flight this week as one of its private cargo haulers, Orbital ATK, is to launch its first supply shipment to the International Space Station in more than 13 months.

CERN collides heavy nuclei at new record high energy

November 25, 2015

The world's most powerful accelerator, the 27 km long Large Hadron Collider (LHC) operating at CERN in Geneva established collisions between lead nuclei, this morning, at the highest energies ever. The LHC has been colliding ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.