In an effort to protect his domestic industries which have weak position compared to that of other countries, most of the countries are providing subsidy or countervailing duties on the imported goods from outside.
The countervailing duties are regarded as an effective measures and adopted actually as well as largely by the government to protect and promote a country, s export amount.
For the appearance of WTO, it is the general acknowledgement that it has played an important role in the world trade. The organization has contributed to set up the systemic disciplines and order in the world trade. However, when we look into the actual situation, it cannot be denied that most of the countries are still utilizing any kind of control system to protect his country's industry.
Especially for the industrialized countries, they are enforcing the counter taxes and it functions as a type of non-tariff barrier to have control the enormous influx of foreign products.
Korea is ranked in 11th largest country in the world trade. It means there are high possibilities to be involved in the trade dispute or commercial conflicts.
So, it is very necessary for us to have through understanding on the rules and regulations of other countries. And it is not an exceptional principle for any other enterprise in the world.
Otherwise, any corporate could be driven to the serious circumstances such as to pay big money for compensation or violation for the charge. Even a company has been successful in the law sue, the loss of time and spent budget can be beyond the imagination.
As mentioned in the study, it was our intention to find and review an actual case which is typically conforming to our purpose. The selected case of Hynix is a good example that is showing a lot of lessons and what to prepare to evade or prevent any potential disputes.