Trade

Joint Statement of Korean Civil Societies on ISDS in RCEP negotiation

Trade Minister of South Korea should not undermine the ISDS reform objectives pursued by the Prime Minister On July 12, 2019, the Korean Prime Minister officially stated at the National Assembly that he “agreed to abolish investor-state dispute settlement (ISDS)”.[1] This remark is in line with the recommendation of UN human rights experts to UNCITRAL member …

Criminal Enforcement of Copyright and Unintended Consequences

Soon after the signing of the Korea-US FTA (“KORUS”) in June 2007, South Korea experienced a dramatic increase of complaints of copyright crime from 2007. Around one hundred thousands of persons were accused of copyright infringement in a year, and juvenile’s victims occupied 24% in 2008.[1] But the actual indictments by the prosecutors were very small: from …

Patent Linkage and its Reform

The US has disseminated TRIPS-plus rules through FTAs. One of them is a so-called drug approval and patent linkage system. South Korea imported the linkage system in 2012, and the Korean model was fully implemented from March 15, 2015. After four-year experience, the Korean government, specifically the Ministry of Food and Drug Safety, tries to revise the linkage system. Still we don’t …

Letter between USG and SKG on confidentiality of KORUS renegotiation documents

January 5, 2018 Michael BeemanAssistant United States Trade RepresentativeOffice of the United States Trade RepresentativeWashington, D.C. Dear Mr. Beeman: This letter is to acknowledge receipt of your letter of this date, which reads as follows: “In preparation for initiating negotiations on amendments and modifications to the United States-Korea Free Trade Agreement (KORUS), I would like to outline …

Letter between EC and SKG on confidentiality of negotiation documents of the EU-Korea FTA

Transparency is crucial in legitimacy of bilateral trade agreement. The negotiation of the EU-Korea FTA, like other FTAs, was made in secrecy. This letter shows the agreement between the EC and the South Korean government to keep the negotiation documents of the EU-Korea FTA for three years after its entry into force. Conversely, this means …