{"id":5348,"date":"2003-04-02T03:31:12","date_gmt":"2003-04-02T03:31:12","guid":{"rendered":"http:\/\/localhost:8080\/hynix-calls-u-s-commerce-department-preliminary-determination-in-subsidy-trade-case-disappointing-and-unjustified-on-the-facts-and-the-law\/"},"modified":"2026-07-29T15:06:42","modified_gmt":"2026-07-29T06:06:42","slug":"hynix-calls-u-s-commerce-department-preliminary-determination-in-subsidy-trade-case-disappointing-and-unjustified-on-the-facts-and-the-law","status":"publish","type":"post","link":"https:\/\/news.skhynix.com\/en\/hynix-calls-u-s-commerce-department-preliminary-determination-in-subsidy-trade-case-disappointing-and-unjustified-on-the-facts-and-the-law\/","title":{"rendered":"hynix Calls U.S. Commerce Department Preliminary Determination in Subsidy Trade Case \u201dDisappointing and Unjustified on the Facts and the Law\u201d"},"content":{"rendered":"<p><strong>SAN JOSE, Calif.\u2013(BUSINESS WIRE)\u2013April 1, 2003<\/strong><br \/>\n\u201cThe U.S. Commerce Department\u2019s preliminary determination that hynix received countervailable subsidies from the Korean Government is disappointing for us,\u201d Mr. Oh-chul Kwon, Vice President, said today. \u201cWe believe that this preliminary determination is unjustified on both the facts and the law.\u201d \u201cUnder U.S. law, these additional duties should only be assessed when the facts prove that a foreign government has been subsidizing exports of a product,\u201d Mr. Kwon stated.<\/p>\n<p>Mr. Kwon noted that \u201cin this case hynix and its Washington counsel and advisors provided extensive proof that the Korean government was not behind the restructuring measures adopted by hynix\u2019s creditors in 2001 and 2002. Rather, the evidence demonstrated that the bank restructurings that were the focus of the allegations in this case were wholly decided by the hynix\u2019s creditors based on market principles.\u201d Mr. Kwon also noted that \u201cthis case is far from over.\u201d<\/p>\n<p>The decision issued by the Commerce Department today was just a preliminary determination. The Commerce Department is scheduled to issue a final determination in the middle of June. Mr. Kwon stated that \u201cit appears that the Commerce Department was overwhelmed with all the information and data that they received and needs more time to digest and analyze it.\u201d Mr. Kwon stated that he is confident that the Commerce Department will agree that the Korean Government was not behind the restructuring efforts after they have more time to understand all of the complex transactions.<\/p>\n<p>Mr. Kwon also noted that the Commerce Department\u2019s decision is not that only ruling that maters. Under U.S. law, extra CVD import duties cannot be imposed unless and until both the Commerce Department makes a final determination that the Korean Government provided impermissible subsidies, and the U.S. International Trade Commission (ITC) makes final determination that subsidized exports from Korea caused the U.S. industry to suffer material injury. The ITC\u2019s final determination will not be made until July 29th. \u201cI have no doubt,\u201d Mr. Kwon stated, \u201cthat at the end of this case hynix will prevail and no additional import duties will be imposed on hynix\u2019s shipments.\u201d \u201cToday\u2019s determination will not affect hynix\u2019s commitment to provide our customers with the most advanced, highest quality products and to remain a world-class competitor.<\/p>\n<p>hynix will continue to manufacture state-of-the-art products at home and in our facility in Eugene, Oregon, where we have invested over $1 billion and employ over 1000 skilled American workers.\u201d Today\u2019s decision by the Commerce Department will have no affect on the ability of our Eugene facility to supply U.S. customers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAN JOSE, Calif.\u2013(BUSINESS WIRE)\u2013April 1, 2003 \u201cThe U.S. Commerce Department\u2019s preliminary determination that hynix received countervailable subsidies from the Korean Government is disappointing for us,\u201d Mr. Oh-chul Kwon, Vice President, said today. \u201cWe believe that this preliminary determination is unjustified on both the facts and the law.\u201d \u201cUnder U.S. law, these additional duties should only [\u2026]<\/p>\n","protected":false},"author":23,"featured_media":3393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_migrated_source_id":1562,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[4],"tags":[729,748],"class_list":["post-5348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-case","tag-u-s"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/comments?post=5348"}],"version-history":[{"count":1,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5348\/revisions"}],"predecessor-version":[{"id":6959,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5348\/revisions\/6959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media\/3393"}],"wp:attachment":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media?parent=5348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/categories?post=5348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/tags?post=5348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}