Chapter 4: Trade Laws and Regulations in Korea: Safeguard Measures
Dukgeun Ahn HISTORIC DEVELOPMENT OF SAFEGUARD SYSTEMS IN KOREA 1. As in many other developing countries, the Korean government used to rely mainly on safeguard actions, rather than anti-dumping actions, at an early stage of its trade remedy system.1 The frequency to use safeguard actions was, however, substantially reduced after the World Trade Organization (WTO) was established in 1995. A more detailed account of historic development follows in the sections below. 1.1. Safeguard Measures in the General Agreement on Tariffs and Trade (GATT) Period After the Korea Trade Commission (KTC) was established in 1987 as the main trade remedy institution, the safeguard action had been the major trade remedy instrument for the Korean government particularly during 1989 to 1992. As shown in Table 4.1, many investigations initiated between 1989 and 1991 actually resulted in positive determination. Among the 25 investigation requests during 1987–1994, only nine requests Table 4.1 Annual trend of safeguard investigation under the GATT system 87 Investigation Request Positive Determination Negative Determination 1 0 1 88 2 2 0 89 7 6 1 90 5 3 2 91 4 4 0 92 3 0 3 93 0 0 0 94 3 1 2 1 The Korean government has never used a countervailing action yet. 79 M2509 - CHANG PRINT.indd 79 27/01/2011 10:19 80 Trade law and regulation in Korea ended up with no positive measures. Actually, investigation requests were withdrawn by petitioners in seven cases. It is also noted that the very first safeguard petition was...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.