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Korea experience of the dispute settlement in the world trading system

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Frame of Image , whose performance has amazed many economists as well as policy makers.1 From the legal perspective, however, Korea’s economic development saga has been filled with numerous trade disputes with its major trading partners. Its primary exporting items have been routinely targeted by various non-tariff barriers such as antidumping, countervailing and safeguard measures in the major markets, particularly since the 1980s.2 Despite the prevalence of such bilateral trade disputes, Korea was not eager to utilize the multilateral dispute settlement system established under the GATT. This general tendency of the Korean government to avoid legal confrontation in the multilateral forum and rather to resort to bilateral diplomatic settlements has changed substantially with the development of the WTO dispute settlement system. Thus, the Korean experience of trade dispute settlement seems a conspicuous example of how the newly augmented system under the WTO is perceived and effectively utilized by many less visible Member countries to address international trade problems. In this paper, I review the Korean experience of dispute settlements in the GATT/WTO and analyze it to draw some implication. But, rather than delving into the individual legal issues, I examine the overall progress of trade dispute resolution and implementation thereof. Section II examines the GATT disputes involving Korea and
* I am grateful to useful comments by Ho-Young Ahn, Doo-Sik Kim, Sungjin Kang and Robert A. Bur


Full Text
Title Korea experience of the dispute settlement in the world trading system
Similar Titles
Material Type Reports
Author(English)

Ahn, Dukgeun

Publisher

[Seoul]:KDI school of Public Policy and Management

Date 2002
Series Title; No Working Paper Series / 02-03
Pages 30
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI school of Public Policy and Management