Korea Gave Hynix DRAM Subsidies, Commerce Says

Law360, New York (September 14, 2010, 7:25 PM EDT) -- The U.S. Department of Commerce has issued a preliminary determination that Hynix Semiconductor Inc. received countervailable subsidies from the Korean government.

In a Federal Register notice published Tuesday, Commerce issued the preliminary results of its administrative review of countervailing duties on dynamic random access memory semiconductors from South Korea. Should the preliminary results be finalized, Hynix would be assessed countervailing duties of 2.94 percent, the notice states.

The countervailable subsidies in question involve the Korean government's treatment of a debt-for-equity swap for which Hynix issued shares...
To view the full article, register now.