The National Trade Commission of Korea has awarded damages to a Korean pork processor for injury it has sustained as the result of the Korea-EU FTA. The pork processor will, now, be able to receive Korea government support. Hopefully, the support will be used to lower the price of Korean pork and not just pad the coffers of the processor.
Prior to the implementation of the Korea-EU FTA, Korea pork has a near 85% market share. Today, the share stands at around 70% and is expected to further decrease. Three other cases have been filed to the National Trade Commission.
Sean Hayes, IPG’s Co-Chair of the Korea Practice Team, may be contacted at: SeanHayes@ipglegal.com
- Calculating Child Support in Korea
- Korea’s Amendment to the Act on the Arrival, Departure, etc. of Ships: Korean Shipping Law
- Child Support Basics in South Korea
- Korean Patent Law’s Trade Secret Protection: Amendment to Trade Secret Law in Korea
- Barriers to Trade in the Korean Franchising Industry
- Digital Forensic Reviews at the Korean Fair Trade Commission
- Liquidated Damages vs. Penalty Damages: Korean Contract Law Basics
- KORUS FTA: Impacts on Trade & Investment for Korea and the States (Guest Post by NerdWallet Journalist)
- Korea Companies Defendants in Anti-Dumping Lawsuits Second to Only China: Check the Veracity of Data Produced by Korean Companies
- Minimum Wage Raised in Korea for 2020: Employment Law Updates
You must log in to post a comment.