• East Asian Economic Review
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• 제25권1호
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• pp.33-71
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• 2021

Many different approaches and databases have been developed for the evaluation of non-tariff measures (NTMs) and free trade agreements (FTAs). This paper is devoted to the EU-South Korea agreement, which is the first 'second-generation' FTA of the EU, addressing a wide array of non-tariff policies. We review the evolution of NTM types applicable to the EU-South Korea trade relationship and the role of NTMs in ex-ante and ex-post analyses of the agreement. Subsequently a structural gravity model is employed to assess the value added of information on different aspects of FTAs and types of NTMs by evaluating their ability to predict the trade effects of the EU-South Korea FTA. Our results show that, when accounting for information on the components common in modern deep trade agreements, no additional trade effect is attributable to the EU-South Korea FTA. The evolution of NTMs differs considerably across indicators used, but trade predictions are hardly affected. Most specifications point towards a negative effect of bilateral differences in the number of technical barriers to trade (TBT) applied and sanitary and phytosanitary measures (SPS) against which trading partners issued complaints at the WTO.

• 무역학회지
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• 제43권3호
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• pp.47-74
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• 2018

미국은 20세기 GATT와 WTO 설립에 크게 기여하며 자유무역국가로 인식되어 왔다. 그러나 2017년 트럼프 행정부 출범과 함께 '미국 우선주의'(America-First) 정책 노선과 그 과정에서의 교역상대국에 대한 일방적인 통상압박으로 신(新)통상기류에 대한 우려를 확산시키고 있다. 하지만 미국은 역사적으로도 자국의 이해관계가 큰 산업 군에 대해서는 일방주의 통상정책을 활용해 왔는데, 대표적인 예가 일본 및 한국의 자동차 산업과 관련된 것이다. 본 논문에서는 자동차 산업을 중심으로 미국의 일방주의 통상정책 사례를 일별한 뒤 향후 미국의 또 다른 주력 산업인 IT, 지적재산, 서비스, 농축산물과 관련해 재연될 소지가 있는 본 정책 노선에 대해 지적하고 이에 대한 시사점을 도출하고자 한다. 또한, 미국이 상기 일방주의 통상정책으로 기대했던 결과를 달성 했는지에 대한 검토와 평가도 함께 고찰한다.

• Journal of Korea Trade
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• 제27권5호
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• pp.153-166
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• 2023

Purpose - This research empirically analyzes the influence of economic policy uncertainty and free trade agreements (FTAs) on bilateral trade volumes between Korea and its trading partners. The study investigates whether fluctuations in the Economic Policy Uncertainty Index (EPUI) for both Korea and its trading partners significantly impact trade volumes and whether the implementation of FTAs mitigates these effects. Design/methodology - The study employs dynamic panel data analysis using the system generalized method of moments (system GMM) estimation method to achieve its research objectives. It utilizes country-month-level panel data, including the EPUI, trade volume between Korea and its trading partner countries, and other pertinent variables. The use of system GMM allows for the control of potential endogeneity issues and the incorporation of country-specific and time-specific effects. Findings - The analysis yields significant results regarding the impact of economic policy uncertainty on Korea's exports and imports, particularly before the implementation of FTAs. An increase in the EPUI of trading partners leads to a notable increase in Korea's exports to them. Conversely, an increase in Korea's EPUI negatively affects its imports from trading partners. However, post-FTA implementation, the influence of each country's EPUI on trade volume is neutralized, with no significant difference observed. Originality/value - This research contributes to the existing literature by providing empirical evidence on the interaction effects between economic policy uncertainty and FTAs on bilateral trade volumes. The study's uniqueness lies in its examination of how FTAs mitigate the impact of economic uncertainty on trade relations between countries. The findings underscore the importance of trade agreements as mechanisms to address economic risks and promote international trade relations. In a world where global market uncertainties persist, these insights can aid policymakers in Korea and other countries in enhancing their trade cooperation strategies and navigating challenges posed by evolving economic landscapes.

• 한국언론정보학보
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• 제35권
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• pp.36-86
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• 2006

전 세계를 시장화하는 GATT 및 WTO 등 다자간 자유무역체제의 확산 및 특정 국가간의 자유무역협정(FTA) 등이 확대됨에 따라 방송 분야의 산업화와 세계화가 급속히 진전되고 있다. 산업적 논리에 입각한 방송환경의 변화는 방송의 산업적 위상을 높이는 결과를 가져왔으며, 방송은 21세기 최고 유망산업 가운데 하나인 문화산업의 핵심 분야로 주목받고 있어, 방송 상품은 국제무역에서 중요한 교역물의 하나가 되었다. 국제교역에 있어서 미국과 일본은 문화 산물도 일반 재화와 동일하게 취급하여 국제적인 자유무역의 틀 안에 두려고 하며, 반면 EU와 캐나다 등의 국가들은 문화 산물을 상품임과 동시에 공공재라는 입장을 취하여 자유무역에서 제외해야 한다는 문화적 예외를 주장하고 있다. 그러나 WTO의 DDA협상이 진행되고 있고 미국이 FTA를 급속히 확대해 나가고 있는 상황에서 다자간 자유무역협정의 틀 안에서 이루어지는 문화적 예외는 한시적 대응수단으로 근본적인 대안이 될 수 없다. 따라서 유네스코의 문화다양성 협약을 통해 국가의 문화정체성 확보를 위한 정책 등을 실행함으로써 문화에 대한 자주권을 국제법상 보장받도록 해야 하며 무역협정의 교역질서를 대체하는 새로운 문화교류의 질서를 조직하여야 한다.

• 무역상무연구
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• 제58권
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• pp.313-328
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• 2013

Today FTA extends over the world and Korea as a main member of international trade is no exception. In the past Korea, as the developing countries, has made endlessly effort to induce foreign investment from foreign enterprise and/or government to be a truly OECD countries today and made it. Korea's trade economy was reached 1 trillion dollars in 2012. Now we have to find a new way to produce, process, procure goods from foreign investment and also need to protect our profit and/or rights within foreign judicial territory. There are two method to protect foreign enterprise or government. First they rely on general principles in WTO or Bilateral Investment Treaty that the principle of equality, national treatment, and most-favored-nation treatment, you can create a predictable environment to protect foreign enterprise and/or government. Second they need to incorporate contractual clauses in their agreement such as stabilization clause, force majeure, arbitration, governing law or sovereign immunity. Of course there are many things left behind to consider I hope it will be helpful to those who prepare foreign investment contract.

• 통상정보연구
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• 제8권3호
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• pp.23-42
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• 2006

Services, despite the difficulty of its exact definition, can be defined as deeds, efforts, or performances by economical bodies, attributing to four unique characteristics - intangibility, inseparability, heterogeneity, and perishability. This study aims to research the global competition and problems of the local professional services, especially educational services and health services, and to suggest some devices for increasing the exportation of both educational services and health services. Educational services and health services were reserved in the multilateral negotiation to open the WTO parties' markets because of its national public benefits. But it is indispensable to open our local market by the bilateral FTA negotiation. Legal restrictions, therefore, related to both education and health should be erased according to the basic rule of the market competition, and it is advisable to control the national public benefit of these services by enacting the different legal systems. For recovering from minus balance of payment in the educational services or health services, furthermore, it is necessary to drive rather some offensive exporting policies than the defensive policy against supply from the foreign countries. In conclusion, the korean Foreign Trade Act and other relative acts should be revised, and both educational services and health services should be contained within the definition of "the international trade" for the governmental benefits of supporting the services exportation.

• 한국중재학회지:중재연구
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• 제13권2호
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• pp.123-156
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• 2004

Settlement of investment disputes is quite different from that of commercial disputes arising from ordinary commercial transactions in view of disputing parties, applicable laws and rules, etc.. Therefore, it is very important to consider the Convention on the Settlement of Investment Disputes between States and Nationals of Other States(Washington Convention) of 1965. The creation of the International Centre for Settlement of Investment Disputes(ICSID), which was established under the Washington Convention, was the belief that an institution specially designed to facilitate the settlement of investment disputes between governments and foreign investors could help to promote increased flows of international investment. Pursuant to the Washington Convention, ICSID provides facilities for the conciliation and arbitration of disputes between member countries and investors who qualify as nationals of other member countries. Recourse to ICSID conciliation and arbitration is entirely voluntary. However, once the parties have consented to arbitration under the Washington Convention, neither can unilaterally withdraw its consent. Moreover, all Contracting States of the Washington Convention are required by the Convention to recognize and enforce ICSID arbitral awards. Provisions on ICSID arbitration are commonly found in investment contracts between governments of member countries and investors from other member countries. Advance consents by governments to submit investment disputes to ICSID arbitration can also be found in many bilateral investment treaties including the Korea-China Agreement on the Encouragement and Reciprocal Protection of Investments(1992), the Korea-Japan Agreement for the Liberalization, Promotion and Protection of Investment(2003) and the Korea-Chile FTA, the latter was signed as of February 15, 2003 and is still pending in the National Assembly for its ratification. Arbitration under the auspices of ICSID is similarly one of the main mechanism for the settlement of investment disputes under the bilateral treaties on investment. Therefore, it is a problem of vital importance that Korean parties interested in investment to foreign countries should understand and cope with the settlement mechanism of investment disputes under the Washington Convention and bilateral investment treaties.

• 무역상무연구
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• 제43권
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• pp.481-507
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• 2009

Along with continuous increase in international investments encouraged by wide spread bilateral investment treaties (BIT) including free trade agreements (FTA), international investment disputes have been also increasing. This means that a host State, an importer of foreign investments, and a investor who exports its investment to foreign State, need to take measures to prevent international disputes arising from international investment or to prepare for the arbitration for resolving the disputes. Under these circumstances, this paper compares ICSID arbitration rules and UNCITRAL arbitration rules in respect of (i) the institution of arbitration, (ii) the appointment of arbitrators and the composition of arbitral tribunal, and (iii) the procedures for, and the form of, arbitral awards. On base of this comparison, this paper further suggests certain practical issues that the host State's government and the foreign investors should be aware of in order to be ready for the resolutions of disputes by ICSID or UNCITRAL arbitrations.

• 정보통신설비학회논문지
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• 제8권4호
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• pp.163-169
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• 2009

Recently, the concern of the FTA (Free Trade Agreement) have shifted to the promotion of the professional service's trade via the bilateral and reciprocal agreement of its professional laws. In the construction industry, this policy has intended to make the standardization of the construction manager's profession in the world. The purpose of this paper is 1) first to define the general model of professions in the U.S., UK and Japan, 2) then to declare the construction manager's model of the profession in them to apply the general model of professions, and 3) finally to analyze the identity of Korean construction managers and acquirement of its construction manager's law comparing with construction manager's model of the profession in the U.S., UK and Japan.

• 국제지역연구
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• 제22권2호
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• pp.81-110
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• 2018

본 논문에서는 삼차원게임이론의 논리 구조를 통해 지역경제통합체, 즉 유럽연합의 통상 협상 전략 및 협상력을 분석하였다. 삼차원게임이론에서는 협상자가 각 면 게임의 경계에 서서 게임을 동시에 운용해 나아가면서, 각 방향으로부터 제약을 받거나 때때로 제약을 기회로 활용하는 등 삼중 측면의 협상 전략이 상존함을 강조하였다. 삼차원게임이론에 대한 연구는 지역연합이 협상의 주체로서 등장하여 국제레벨, 지역레벨 및 회원국레벨의 의견을 조율하고, 이해관계를 조정하는 과정을 체계화하기 위한 목적을 가진다. 본 연구에서는 최근 체결된 EU-일본 EPA(Economic Partnership Agreement) 협상과정을 사례로 한-EU FTA 사례와 비교 분석하여, 지역경제협력체의 FTA 추진 시 적용할 수 있는 삼차원게임이론의 논리를 정리하였다. 또한 본고에서는 지역경제통합체의 통상협상 대상국은 협상에 임할 때 어떠한 전략에 대응할 수 있을 것인가에 관해 분석하였다. EU 지역차원의 통상정책 영역은 기술적 특성으로 정치화되기 어려운 영역에 관한 연합의 배타적 권한화가 이미 완성되었으며, 연합 차원의 정책과정이 정치쟁점으로 드러나지 않아왔던 점 그리고 여론 전달 과정이 더블 스텝 접근 방식인 점 등이 복합되어 그 특성을 형성해 왔다. 결론적으로 EU의 통상영역 정책 과정은 다양한 중앙조직에 의한 권한 배분으로 복잡하고 정교한 과정을 구성한다. 이러한 공동정책 결정과정과 통상 영역의 구조적 특성으로 말미암아 오히려 협상의 메커니즘 역설적으로 단순화되었고, 공동체 차원의 협상력은 높아졌다. 결과적으로 유럽위원회는 국제레벨 단계의 양자간 통상협상에서 매우 강력한 협상 행위자로 기능하게 된다.