• Title/Summary/Keyword: International Treaty

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A Study on the Model of Competitive Electricity Market Considering Emission Trading (온실가스 배출권 거래제도를 고려한 경쟁적 전력시장 모형 연구)

  • Kim, Sang-Hoon;Lee, Kwang-Ho;Kim, Wook
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.8
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    • pp.1496-1503
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    • 2009
  • The United Nations Framework Convention on Climate Change (UNFCCC) is an international environmental treaty to stabilize greenhouse gas concentrations in the atmosphere. In order to fulfil the commitments of the countries in an economically efficient way, the UNFCCC adapted the emission trading scheme in the Kyoto Protocol. If the UNFCCC's scheme is enforced in the country, considerable changes in electric power industry are expected due to the imposed greenhouse gas emission reduction. This paper proposes a game theoretic model of the case when generation companies participate in both competitive electricity market and emission market simultaneously. The model is designed such that generation companies select strategically between power quantity and greenhouse gas reduction to maximize their profits in both markets. Demand function and Environmental Welfare of emission trading market is proposed in this model. From the simulation results using the proposed model the impact of the emission trading on generation companies seems very severe in case that the emission prices are significantly high.

Space Development and Relevant Regulations of PRC

  • Juqian, LI
    • 한국항공우주법학회:학술대회논문집
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    • 2008.05a
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    • pp.235-255
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    • 2008
  • On the basis of briefing the development of space technology and activity in China, this essay analysis the characteristics and main rules of the space regulations in China, and proposes how to advance and perfect the space law in China further. The beginning of space technology in China can be traced back to 1956. After more than fifty years development phased in three periods of technology preparation, technology experimentation and engineering application, the achievement of space technology and activity in China is noticeable in the world. But the space legislations in China, which is mainly composed as ministerial rules, orders, and regulatory documents, are really lagged far behind the space activity, and can not adapt to the quick and comprehensive development of space activity. Therefore, national space law must be passed in time.

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Selection of the Optimal Building Skin-System in Remodeling Projects (그린 리모델링을 위한, 적정 외피시스템 선정에 관한 연구)

  • Shin, Young-Su;Cho, Kyu-Man
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.296-297
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    • 2014
  • United Nations Framework Convention on Climate Change(UNFCCC), an international treaty to prevent the regulation and global warming, has passed through the General Assembly for 17 times from 1992 to 2011. To create a performance plan specific, such as the Kyoto Protocol, it is to promote the reduction of energy consumption and greenhouse gases worldwide. In South Korea, Korea Infrastructure Safety and Technology Corporation(KISTEC) is working and supporting for developing method of green remodeling policy. Among several solutions, "Remodeling" ensures to increase the energy efficiency of buildings and to reduce the emissions of greenhouse gases, and consequently it could maintain buildings high efficiency. For remodeling projects, it is most important to determine construction plan including remodeling scopes and methods, while the plan has been determined by the engineer's background and experience. Therefore, this study aims at developing a method for selecting optimal skin system which has remarkable influence to energy performance of the buildings.

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Recent Developments : The Third Reading of the Revised Version of the UNCITRAL Arbitration Rules of 1976 (UNCITRAL의 최근 동향 : 1976년 UNCITRAL 중재규칙 개정안의 제3회독을 중심으로)

  • Kang, Pyoung-Keun
    • Journal of Arbitration Studies
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    • v.20 no.2
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    • pp.3-26
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    • 2010
  • In 2006, the UNCITRAL Working Group II started a new project on the revision of the UNCITRAL Arbitration Rules of 1976. Ever since that time, 9 sessions of the Working Group II were devoted to the discussions on such topic. The Arbitration Rules has been acknowledged to be used for settling international disputes involving various disputing parties. In recent years, many treaty-based arbitrations have been subject to the Arbitration Rules. This article focuses on the discussions made in the 52nd session of the Working Group II where the third reading of the revised draft of the Arbitration Rules was completed except for a few provisions. Among the draft rules, the delegations were hardly able to reach an agreement with regard to Articles 2(2), 34(2), 41(3), (4), and (6). It is expected that those provisions would be agreed in the coming 43rd plenary session of the UNCITRAL. The use of the Arbitration Rules is dependent on the agreement by the disputing parties. It is not like the UNCITRAL Model Law on International Commercial Arbitration which was adopted in Korean legal system in 1999. However, the proper functioning of arbitration rules is essential for the efficient and successful operation of the arbitration system in a particular country. That is the reason why we should keep close attention on the discussions of the UNCITRAL with regard to the revision of the Arbitration Rules.

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A Study on the Validity and Other Issues of Arbitration Clause for ICSID Arbitration (ICSID 중재 이용을 위한 투자계약서상의 중재조항의 유효성과 추가쟁점)

  • Oh, Won-Suk
    • International Commerce and Information Review
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    • v.9 no.4
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    • pp.141-158
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    • 2007
  • The purpose of this paper is to examine the validity or effectiveness of the Arbitration Clause such as Model Clause I, and to confirm how other issues such as arbitrable "investment", appointment of arbitrators and law governing the agreement be reflected in the agreement. However, the parties should be sure that the arbitration clause is valid if they have checked whether, for their particular situation, the ICSID Centre has jurisdiction. For the validity of the Arbitration Clause, first the host country and the country which the investor belong to must be "contracting states" to the ICSID Convention. Second, the specific consent to arbitrate must be expressed in writing in the investment contract or in a national investment law or in an investment protection treaty. The issue of "nationality" of an other contracting state is determined by the place of incorporation or the location of the head office. In case the parties have doubts about a valid consent to arbitrate, Art. 41 of the ICSID Convention provides, regarding ICSID jurisdiction, that the tribunal shall be the judge of its own competence. It follows that ICSID Arbitration has an autonomous and exclusive character. As a consequence, domestic courts may not interfere with the question of ICSID's jurisdiction, which is called as "rule of abstention".

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Counterstrategy of Textile/Clothing Industry to FTA (Focusing on Korea-US/China FTA) (섬유/의류 산업의 FTA 대응전략 (한-미, 한-중 FTA를 중심으로))

  • Kim, Jung Hoi
    • Fashion & Textile Research Journal
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    • v.18 no.2
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    • pp.139-148
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    • 2016
  • There is an expanding global network of free trade agreements (FTA). High-quality, comprehensive free trade agreements play an important role to support global trade liberalization and are explicitly allowed under the World Trade Organization (WTO) rules. An FTA is an international treaty that removes barriers to trade and facilitates stronger trade and commercial ties that contribute to increased economic integration between participating countries. Korea benefits from the global FTA trend; however it has started and developed FTA negotiations later than other countries. Current FTA agreements exist with Chile, Singapore, EFTA, ASIAN, India, EU, Peru, USA, Turkey, Australia, and Canada; in addition, there are ongoing negotiations with China, Colombia, New Zealand, and Vietnam. FTA open up opportunities for the textile/clothing industry to expand businesses into key overseas markets. FTA improve market access across all areas of trade to help maintain and stimulate the competitiveness of textile/clothing firms. This study examines the expansion of free trade agreements in light of changes in the international trade environment and the status of the Korean textile/clothing industry. Korea's textile/clothing export/import products and concession of tariff, country of origin covered under Korea-US/China FTA are investigated to identify problems. This study provides practical and policy implications for the textile/clothing industry in regards to the Korea-US/China FTA.

Northern Limit Line and its Problems of the Law of the Sea in the Sea Area around Five South Korean Islands of the West Sea (북방한계선(北方限界線)과 서해5도(西海5島) 주변수역(周邊水域)의 해양법문제(海洋法問題))

  • CHOl, Jong-Hwa;KIM, Young-Gyu
    • Journal of Fisheries and Marine Sciences Education
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    • v.16 no.1
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    • pp.110-123
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    • 2004
  • Five Islands in the West Sea of Korea (Baekryeong-do, Daecheong-do, Socheong-do, Yeonpyeong-do, and Woo-do) are located very close to the North Korea's coast and all of them are under the jurisdiction of South Korea. The North and South Korean naval vessels clashed twice in the West Sea of Korea on June 15, 1999 and on June 29, 2002. These incidents were resulted from conflicts over the validity of the Northern Limit Line(NLL) and the appropriate maritime boundary between the two Koreas. From the viewpoint of South Korea, the North Limit Line is a lawful Maritime Military Demarcation Line under the Korean Military Armistice Agreement and it must be maintained as a maritime boundary between two Koreas until being substituted by a peace treaty. In conclusion, the maritime boundary between two Koreas cannot be settled easily by the principles of the International Law of the Sea at present.

Biological Resources Potential and the Recent State of International Cooperation in Indonesia

  • Park, Chang-Ho;Junaedi, Ahmad;Lee, Mi-Ra;Lee, Yeon-Hee
    • Interdisciplinary Bio Central
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    • v.2 no.4
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    • pp.11.1-11.8
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    • 2010
  • Indonesia is a mega-biodiversity country having at least one trillion US Dollars value of biological resources per year over the next 20 years. Indonesia is home to 11 percent of the world's flowering plant species and 12 percent of all mammals. Many of Indonesia's species and more than half of the archipelago's endemic plant species are found nowhere else on the Earth. This information is just a small portion of all higher plants and animals being found in Indonesia. Former studies described that total number of species in Indonesia is estimated more than 1,000,000 and most of them remain unknown scientifically. Most of lower plants and animals have not been studied yet, so that greatest portion of Indonesia's biological resources has never been assessed with respect to its economic value or conservation status. Many developed countries are building cooperation with Indonesia on resources, mainly in the fields of grant aid, socio-economic services, R & D, researcher exchange, technology transfer, infrastructure, education/training, finance, etc. Indonesia will obtain greater benefits and management of its biological richness via increasing its international capacity to add value and information to its biological diversity. These goals can be achieved by close international collaboration on search of important biological resources and other bioactive products that have potential economic values. Development of biological resource-based technology stands as the industry of the $21^{st}$ century and, therefore, Indonesia has a unique opportunity to lead the process in the world.

A Study on the Complex Arbitrations (Multi-Issues, Multi-party, Multi-Contract) (복합중재에 관한 소고)

  • Park, Young Gil
    • Journal of Arbitration Studies
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    • v.9 no.1
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    • pp.139-160
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    • 1999
  • International commercial arbitrations have developed into a simple form in which both parties involved in the dispute by a contract intend to solve the dispute through the legal arbitration system. however nowadays the above traditional form taken by international projects are rarely seen and instead the form of complex arbitration in which many parties are involved has become more and more universal. The complex arbitration means not only many-sided parties concerned but also means a plural number of contract involved in conflicts, a plural number of issues involved in conflicts and a plural number of contracts though their contractors are not in a plural number. However in this report the complex arbitrations will be studied into categories as follows : 1. Pure multi-issue situations, 2. Pure multi-party situations, 3. Pure multi-contract situations. A Pure Multi-Issue arbitration basically includes a plural number of claims between the two parties concerned. A Pure Multi-party case classically presupposes an arbitration clause which involves a plural number of parties concerned. After Party A takes a legal proceeding and then Party B institutes a request to Party C in the above proceeding. In that case the problem arises on whether it is allowed to do so or not. A Pure Multi-Contract case presupposes that when Party A and Party B have independent arbitration clauses based on separate contract relations, respectively, the problem is whether both above-mentioned proceedings can be unified into one or not. As for the above-mentioned complex arbitration, though international treaties are being formed, including the WTO treaties, the NAFTA treaties, the Mercosur treaties and others, legal regulations and customs have not yet been formed domestically. The institutional preparations will be necessitated in consideration of national legal status as well as international treaty relations.

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Prospect of Soybean Production, Consumption and Supply in Korea (콩 생산 수급전망과 대책)

  • Kim Seok Dong;Park Keum Yong
    • Proceedings of the Korean Society of Crop Science Conference
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    • 1998.10a
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    • pp.249-265
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    • 1998
  • The yearly consumption of soybean ranged from 1.5 to 1.7 million tons in Korea during 1995-1997 with an increasing trend of annual consumption by 60,000 tons. Gross consumption of soybean was 1.74 million tons in 1997: 1.292 million tons for feed, 0.433 million tons for food and its processing, and 15,000 tons for seed and other uses. Particularly, Korea totally depends upon imports of soybean for feed and oil. Only about $40{\%}$ of soybeans used for food and its processing are supplied through domestic production. Korean markets will be open to foreign agricultural products except for rice in 2004 when the Uruguay Round treaty is completed. According to the Korean Rural Economics Institutes reports, soybean consumption in 2004 is expected to be 1.87 million tons that is higher than that in 1997 by 0.13 million tons. In order to meet the need for soybean, Korean government planned to supply from 0.17 million tons of domestic production plus 1.7 million tons of imports, and also planned to raise the self-supply rate of $9.1{\%}$ in 2004 from $8.6{\%}$ in 1997. According to the USDA reports on international soybean production and consumption, its production is expected to be 150 million tons over the world and the international market prices for soybean will be unstable in 2004. Based on these reports, international soybean trade capacity will be 36 million tons in 2004 that is lower than 39 million tons (accounting for $25{\%}$ of gross production) in 1597. Also, a term-end stock in 2004 is estimated to be 9.6 million tons that is low as compared to 18.6 million tons In 1997, In coping with domestic and international soybean production, consumption and supply, and further possible food crisis, national policies and continuous efforts are necessarily required to promote domestic production and to reduce imports of soybean.

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