The World Trade Organization is investigating the legality of countervailing duties imposed by the
The EU Commission and the US Department of Commerce found Hynix Semiconductor guilty in getting illegitimate financial support from its creditors that were said to be controlled by the Korean government as well as numerous other kinds of financial assist.
Hynix Semiconductor and South Korean government have been pretty consistent in proving that all accusations against Hynix have no ground and the company is totally innocent of performing any illegal actions or receiving illegal financial aid from the country’s government.
In the first half of 2003 the
If the WTO discovers that Hynix is not guilty, the US and EU will have to dismiss the punitive customs and return Hynix already paid tariffs.