IV 
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 semicon-
ductor 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;
•HCON 124 IH 
Whereas the current tensions on the Korean Peninsula re-
quire 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 high-
ly 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 uncer-
tainty; 
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 cur-
rency crisis in the mid-1990s, implemented economic re-
forms; 
Whereas as a result of those reforms the Government of 
Korea is no longer involved in commercial lending deci-
sions; 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—
•HCON 124 IH 
(1) the United States Government should act 
carefully and judiciously with regard to issues involv-
ing semiconductor trade between the United States 
and the Republic of Korea to assure that trade dis-
putes 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 manufac-
turers; 
(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 re-
cent 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 semicon-
ductor trade between the United States and the Re-
•HCON 124 IH 
public of Korea through consultation after full re-
view of the facts.
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