Micron Seeks Duties on S. Korean Imports

Micron Technology Inc., the world’s second-largest maker of personal computer memory chips, asked the U.S. to set duties on chip imports from South Korea, saying the Korean government illegally subsidizes producers.

Boise, Idaho-based Micron said multibillion-dollar government bailouts and subsidized loans to companies such as Hynix Semiconductor Inc. violate global trade rules and have caused injury to Micron. It filed the case with the Commerce Department and the International Trade Commission, a U.S. agency that measures the effects of trade.

Micron filed the case against the South Korean government after its $3-billion bid to buy Hynix earlier this year was rejected by the Korean company’s board.

Micron shares rose 80 cents to $16.80 on the New York Stock Exchange.