Keyword Search:
text size: A | A | A
South Korea's Hynix hopeful after WTO ruling on Japan tariff
   posted 3:04 pm Wed May 07, 2008 - SEOUL, South Korea
NewsChannel 8 - South Korea's Hynix hopeful after WTO ruling on Japan tariff
  NewsChannel 8 - Share South Korea's Hynix hopeful after WTO ruling on Japan tariff  NewsChannel 8 - Print South Korea's Hynix hopeful after WTO ruling on Japan tariff  NewsChannel 8 - Email South Korea's Hynix hopeful after WTO ruling on Japan tariff  NewsChannel 8 - RSS Feeds  NewsChannel 8 - Send South Korea's Hynix hopeful after WTO ruling on Japan tariff via Instant Messager
NewsChannel 8 - Share This Article
related stories:
Stay on top of breaking news! Sign up for NewsChannel 8 e-mail alerts.
Your Email:  
Hynix Semiconductor Inc. of South Korea said Wednesday it expects to sell more dynamic random access memory chips in Japan after a World Trade Organization ruling.An arbitrator for the WTO on Monday gave Japan until Sept. 1 to amend the import charges it imposes on DRAM chips made by Hynix. "With the WTO decision, we expect our exports to Japan to return to the levels seen before the Japanese authorities imposed punitive duties on our products," said Hynix spokesman Seong Ae Park.

In 2006, the South Korean government filed a complaint against Japan with the WTO over the 27.2 percent charge Japanese tax authorities imposed on imports of Hynix DRAM chips, which provide temporary memory for computers and other products when they're in use.

NewsChannel 8 myTAKE - What's Your Opinion?

The arbitrator's decision follows a WTO panel ruling in November that Japan incorrectly calculated the tariff. At that point, the WTO stopped short of ordering Japan to scrap the fees outright.

Hynix's market share in the Japanese DRAM market fell to around 13 percent in 2006 from about 16 percent earlier.

Hynix, the world's second-largest DRAM maker after Samsung Electronics Co., will try to get a refund for duties it has already paid to the Japanese tax authorities, Park said. She didn't elaborate.

Hynix, which nearly collapsed under the weight of its debt in 2001 after chip prices plunged, has been bailed out by creditors, including state-owned banks, through several swaps of debt for equity.



Need Some Help Around The House? The Pro Knows
You need to be a registered member of
NewsChannel 8 to leave comments on news stories.
Not a member yet? Click Here to sign up.
Username or Email Address
Password
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or advertising content or inappropriate links may be removed and may result in the loss of your posting privileges. Please do not post any private information unless you want it to be available publicly. Never assume that you are completely anonymous and cannot be identified by your posts.


TM & © WJLA/NewsChannel 8, a division of Allbritton Communications Company
Please read our Privacy Policy. By using this site, you accept our Terms of Service.
Children's Television | EEO Reports | NewsChannel 8 adheres to the ICRA RATING SYSTEM