RTA DISPUTES - ASIA AND OCEANIA
Korea-US FTA (KORUS FTA)
Procedure in KFTA competition hearings:
15 March 2019: US requests consultations with Korea under the chapter on Competition-Related Matters of the Korea-US (KORUS) Free Trade Agreement, concerning procedures in competition hearings held by the Korea Fair Trade Commission (KFTC). US argues that recently drafted amendments to Korea’s “Monopoly Regulations and Fair Trade Act” fail to address U.S. concerns that KFTC hearings deny U.S. firms due process rights under the KORUS agreement (opportunity to review and rebut evidence) that are necessary to secure a fair competition hearing in Korea. Links: USTR press release; coverage from Business Korea.
9 July 2019: US holds consultations with Korea under Korea-US FTA chapter on Competition-Related Matters. Link: US press release, coverage from Business Korea (linking this dispute to December 2016 Korea Fair Trade Commission action imposing fine and corrective order on Qualcomm).
Last edited: 10 July 2019