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Korea, U.S. to hold chip talks

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Apr 30,2003
Talks between Korea and the United States concerning the latter’s recent decision to impose punitive tariffs on Korean dynamic random access memory, or DRAM, chips will be held over two days starting tomorrow, according to the Ministry of Commerce, Industry and Energy. The Korean government had proposed a Suspension Agreement against the U.S. decision to impose countervailing tariffs of 57 percent on Hynix Semiconductor Co.’s DRAM exports and will suggest cuts in the volume of exports instead of tariffs. Whether Washington will accept the Korean government’s suggestion was not known. Early this month, the U.S. Department of Commerce ruled that Hynix had been illegally subsidized by the Korean government. Negotiations are expected to conclude by May 15.


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