OTHER NEWS - March 17, 1993

U.S. Sets Duties on S. Korean Computer Chips: The Commerce Department set duties of up to 7% on computer chips imported from South Korea after finding that the products were being “dumped” on the U.S. market at less than fair value. The duties, effective immediately, apply to dynamic random access memory chips, or DRAMs, made by Goldstar Electron Co. Ltd., Hyundai Electronics Co. Ltd., Samsung Electronics Co. Ltd. and other manufacturers. The United States is the biggest buyer of South Korean chips, accounting for almost 40% of the country’s exports of DRAMs, which are used in computers, office automation equipment and telecommunications. The duties range from 0.74% 7.19%.