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U.S. COMMERCE SECRETARY SAYS HYNIX DECISION WILL BE EVENHANDED.

AsiaPulse News

| June 02, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 2 Asia Pulse - U.S. Secretary of Commerce Donald Evans said a final decision on the issue of levying countervailing duties on semiconductors produced by Hynix will be made in a transparent manner and will be based on a review of the positions of all concerned.

Speaking at a press conference at the Hyatt Hotel in Seoul, Evans said the entire administrative process concerning Hynix (KSE:00660) has been in the works for six months and that the expected ruling by the commerce department on June 16 will be based on all due considerations. He added that if the need arises another ruling will be made by the ITC on July 31 that could determine whether Hynix's chips harmed U.S companies. A final verdict will be made in mid-August, he said.

The official, currently in Korea to attend the 3rd Global Forum Against Corruption and to discuss outstanding issues involving the two trading partners, stressed the significance of the Seoul-Washington partnership and said he brought up concerns related to pharmaceuticals, corporate ...

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