The World Trade Organization ruled that tariffs slapped on DRAM from Hynix Semiconductor by the USA and the European Union are illegal, as both did not provide enough evidence that Hynix had been unlawfully subsidized by the South Korean government.
Last week the WTO said EU could not prove that the loans Hynix received from S. Korean banks were actually illegal subsidies from the government. Earlier the WTO ruled against 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.
In the first half of 2003 the
The World Trade Organization initiated the investigation of the legality of countervailing duties imposed by the
It was indicated that in case the WTO discovers Hynix was not guilty, the US and EU would have to dismiss the punitive customs and return Hynix already paid tariffs.