22.8.2003 Official Journal of the European Union L212/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 1480/2003 of 11 August 2003 imposing a definitive countervailing duty and collecting definitively the provisional duty imposed on imports of certain electronic microcircuits known as DRAMs (dynamic random access memories) originating in the Republic of Korea THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 2026/97 of 6 October 1997 on protection against subsidised imports from countries not members of the European Community (*), and in particular Article 15 thereof, Having regard to the proposal submitted by the Commission after consulting the Advisory Committee (), Whereas: A. PROVISIONAL MEASURES (1) Pursuant to Commission Regulation (EC) No 708/ 2003 (), (hereinafter referred to as ‘the provisional Regu- lation’), a provisional countervailing duty was imposed on imports into the Community of certain electronic microcircuits known as DRAMs (dynamic random access memories) originating in the Republic of Korea. (2) It is recalled that the investigation of subsidisation and injury covered the period from 1 January 2001 to 31 December 2001 (TP’). The examination of trends relevant for the assessment of injury covered the period from 1 January 1998 to the end of the IP (‘period under consid- eration’). B. SUBSEQUENT PROCEDURE (3)  Subsequent to the disclosure of the essential facts and considerations on the basis of which it was decided to impose provisional measures, several interested parties submitted comments in writing. In accordance with the provisions of Article 11(5) of Regulation (EC) No 2026/ 97 (hereinafter referred to as ‘the basic Regulation’), all interested parties who requested a hearing were granted an opportunity to be heard by the Commission. () OJ L 288, 21.10.1997, p. 1. Regulation as amended by Regulation (EC) No 1973/2002 (O] L 305, 7.11.2002, p. 4). (%) Proposal of 25 July 2003 (not yet published in the Official Journal). () OJ L 102, 24.42003, p. 7. (4) The Commission continued to seck and verify all infor- mation deemed necessary for the definitive findings. All parties were informed of the essential facts and considerations on the basis of which it was intended to recommend the imposition of a definitive countervailing duty and the definitive collection of amounts secured by way of the provisional duty. They were also granted a period within which they could make representations subsequent to this disclosure. The oral and written arguments submitted by the parties were considered, and, where appropriate, the provisional findings have been modified accordingly. C. PRODUCT UNDER CONSIDERATION AND LIKE PRODUCT As no comments were received following disclosure of the provisional findings regarding the definition of the product concerned and the like product, the conclusions as set out in recitals 8 to 11 of the provisional Regula- tion are confirmed. D. SUBSIDIES Following the publication of the Regulation imposing the provisional countervailing duty, the Community producers, Samsung Electronics Co., Ltd (‘Samsung), Hynix Semiconductor Inc. (Hynix)), the Government of Korea (‘GOK'), Korea Exchange Bank (KEB’), Korea Development Bank (KDB’), Citibank Seoul, Woori Bank, National Agricultural Cooperative Federation (NACF) and Shinhan Bank submitted comments concerning the Commission's findings as regards subsidies. The measures commented are the syndicated loan of