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Issues and arguments in trade dispute cases against Korean industries on countervailing measures

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  • Issues and arguments in trade dispute cases against Korean industries on countervailing measures
  • Kim, Kap-You
  • Seoul National University(BK 21 Law)


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Title Issues and arguments in trade dispute cases against Korean industries on countervailing measures
Similar Titles
Material Type Articles
Author(English)

Kim, Kap-You

Publisher

[Seoul]:Seoul National University(BK 21 Law)

Date 2003
Journal Title; Vol./Issue Journal of Korean Law:vol. 3(no. 2)
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Laws and Legislation
Holding Seoul National University

Abstract

Korean industries have been targets of complaints involving charges of unfair subsidies on steel and chemical products by the Korean government filed in the USA and the EU, Korea’s two largest trading partners. A recent addition to these series of complaints is the complaint filed with the EU Commission against DRAM Industry in Korea, a Korean shipbuilding industry. These “countervailing duties” complaints, however, helped Korea identify and modify its problematic practices. Although subsidies and countervailing duties are less frequently used than are anti-dumping duties, their coverage spans over, inter alia, the industrial policies, and the tax system of each country, wielding significant influence thereupon. In particular, restructuring issues have an impact on the economy and the society at large and therefore should not be neglected. This paper will first offer an explanation of the ASCM and a review of operation of the current system and other general matters, and then will discuss a few cases that have identified potential flaws in the current system. Finally it will examine the DDA scene to anticipate possible future developments and propose certain means of preparation.