[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 124 Introduced in House (IH)]






108th CONGRESS
  1st Session
H. CON. RES. 124

  Expressing the sense of the Congress regarding semiconductor trade 
  between the United States and the Republic of Korea and the need to 
    assure that trade actions by the United States do not result in 
geopolitical tensions or the loss of United States jobs, and calling on 
   the executive branch to recognize Korean economic reforms and the 
      United States-Korea strategic relationship in dealing with 
                      semiconductor trade issues.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 27, 2003

Mr. DeFazio (for himself, Ms. Hooley of Oregon, Mr. Blumenauer, Mr. Wu, 
     and Mr. Walden of Oregon) submitted the following concurrent 
   resolution; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
  Expressing the sense of the Congress regarding semiconductor trade 
  between the United States and the Republic of Korea and the need to 
    assure that trade actions by the United States do not result in 
geopolitical tensions or the loss of United States jobs, and calling on 
   the executive branch to recognize Korean economic reforms and the 
      United States-Korea strategic relationship in dealing with 
                      semiconductor trade issues.

Whereas the Republic of Korea is a vital ally of the United States in Asia;
Whereas the current tensions on the Korean Peninsula require the strongest 
        possible alliance between the United States and the Republic of Korea;
Whereas Hynix Semiconductor Inc. is a major Korean and global semiconductor 
        manufacturer;
Whereas Hynix Semiconductor Inc. has invested more than $1,000,000,000 in its 
        facilities in Eugene, Oregon, and is increasing that investment;
Whereas Hynix Semiconductor Inc. employs over 1,000 highly skilled and 
        compensated United States citizens at its facilities in Eugene, Oregon;
Whereas these jobs are particularly valuable to Oregon and the United States 
        economy at a time of economic uncertainty;
Whereas semiconductor trade between the United States and the Republic of Korea 
        is currently the subject of trade remedy proceedings and continuing 
        review by the United States Trade Representative;
Whereas the Republic of Korea has, as a result of the currency crisis in the 
        mid-1990s, implemented economic reforms;
Whereas as a result of those reforms the Government of Korea is no longer 
        involved in commercial lending decisions; and
Whereas the Government of Korea has affirmed that it has had no role in the 
        economic restructurings of Hynix Semiconductor Inc.: Now, therefore, be 
        it
    Resolved by the House of Representatives (the Senate concurring), 
That it is the sense of the Congress that--
            (1) the United States Government should act carefully and 
        judiciously with regard to issues involving semiconductor trade 
        between the United States and the Republic of Korea to assure 
        that trade disputes do not create geopolitical or economic 
        tensions between the United States and the Republic of Korea, 
        and do not result in the loss of highly skilled jobs in the 
        United States, including jobs at United States facilities of 
        Korean semiconductor manufacturers;
            (2) the Secretary of Commerce should--
                    (A) review carefully and objectively all the facts 
                surrounding the financial restructuring of Hynix 
                Semiconductor Inc. in light of economic reforms which 
                have taken place in Korea in recent years; and
                    (B) avoid taking any action that will threaten the 
                jobs of American workers in the semiconductor industry, 
                including those at Hynix Semiconductor Inc.'s facility 
                in Eugene, Oregon, or will threaten future investment 
                in that facility; and
            (3) the United States Trade Representative should seek to 
        address issues involving semiconductor trade between the United 
        States and the Republic of Korea through consultation after 
        full review of the facts.
                                 <all>