[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 29 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
S. CON. RES. 29

Expressing the sense of Congress regarding semiconductor trade between 
the United States and the Republic of Korea and the need to assure that 
 United States trade actions do not result in geopolitical tensions or 
                       United States job losses.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 25, 2003

     Mr. Smith (for himself and Mr. Wyden) submitted the following 
 concurrent resolution; which was referred to the Committee on Finance

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
Expressing the sense of Congress regarding semiconductor trade between 
the United States and the Republic of Korea and the need to assure that 
 United States trade actions do not result in geopolitical tensions or 
                       United States job losses.

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 over $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 Americans 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 South Korea is no longer 
        involved in commercial lending decisions; and
Whereas the Government of South Korea has affirmed that it has had no role in 
        the economic restructurings of Hynix Semiconductor Inc.: Now, therefore, 
        be it
    Resolved by the Senate (the House of Representatives concurring), 
That it is the sense of 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 American jobs, 
        including jobs at United States facilities of Korean 
        semiconductor manufacturers;
            (2) the Secretary of Commerce should 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 South Korea in recent years, 
        and avoid taking any action which will threaten the jobs of 
        American workers in the semiconductor industry or threaten 
        future investment in Hynix Semiconductor Inc.'s facility in 
        Eugene, Oregon; 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>