186 - GOV.UK
185
Sector or sub-sector Description of reservations B. News and Press Agencies Services (CPC 962) None. D. Sporting services (CPC 9641) None. E. Recreation park and beach Services (CPC 96491) None. 16. TRANSPORT SERVICES A. Maritime Transport 51 a) International passenger transportation (CPC 7211 less national cabotage transport 52 ). b) International freight transportation (CPC 7212 less national cabotage transport 53 ) Unbound for the establishment of a registered company for the purpose of operating a fleet under the national flag of the United Kingdom. B. Internal Waterways Transport a) Passenger transportation (CPC 7221 less national cabotage transport 54 ) b) Freight transportation (CPC 7222 less national cabotage transport 55 ) Measures based upon existing or future agreements on access to inland waterways reserve some traffic rights to operators based in the countries concerned and meeting nationality criteria regarding ownership. Unbound for the establishment of a registered company for the purpose of operating a fleet under the national flag of the United Kingdom. 51 The horizontal limitation on public utilities applies to port services and other maritime transport services requiring the use of the public domain. 52 Without prejudice to the scope of activities which may be considered as cabotage under the relevant national legislation, this schedule does not include national cabotage transport, which is assumed to cover (a) transportation of passengers or goods between a port or point located in the United Kingdom and another port or point located in the United Kingdom, including on its continental shelf as provided in the UN Convention on the Law of the Sea, and (b) traffic originating and terminating in the same port or point located in the United Kingdom. 53 Without prejudice to the scope of activities which may be considered as cabotage under the relevant national legislation, this schedule does not include national cabotage transport, which is assumed to cover (a) transportation of passengers or goods between a port or point located in the United Kingdom and another port or point located in the United Kingdom, including on its continental shelf as provided in the UN Convention on the Law of the Sea, and (b) traffic originating and terminating in the same port or point located in the United Kingdom. 54 Without prejudice to the scope of activities which may be considered as cabotage under the relevant national legislation, this schedule does not include national cabotage transport, which is assumed to cover (a) transportation of passengers or goods between a port or point located in the United Kingdom and another port or point located in the United Kingdom, including on its continental shelf as provided in the UN Convention on the Law of the Sea, and (b) traffic originating and terminating in the same port or point located in the United Kingdom. 55 Without prejudice to the scope of activities which may be considered as cabotage under the relevant national legislation, this schedule does not include national cabotage transport, which is assumed to cover transportation of passengers or goods between a port or point located in the United Kingdom and another port or point located in the United Kingdom, including on its continental shelf as provided in the UN Convention on the Law of the Sea, and traffic originating and terminating in the same port or point located in the United Kingdom. 186
Transcript of 186 - GOV.UK
Sect
or o
r su
b-se
ctor
D
escr
iptio
n of
rese
rvat
ions
B.N
ews a
nd P
ress
Age
ncie
s Ser
vice
s
(CPC
962
)
Non
e.
D.S
port
ing
serv
ices
(CPC
964
1)
Non
e.
E.R
ecre
atio
n pa
rk a
nd b
each
Ser
vice
s
(CPC
964
91)
Non
e.
16.T
RANS
PORT
SER
VICE
S
A.M
ariti
me
Tran
spor
t51
a)In
tern
atio
nal p
asse
nger
tran
spor
tatio
n
(CPC
721
1 le
ss n
atio
nal c
abot
age
trans
port52
).
b)In
tern
atio
nal f
reig
ht tr
ansp
orta
tion
(CPC
721
2 le
ss n
atio
nal c
abot
age
trans
port53
)
Unb
ound
for t
he es
tabl
ishm
ent o
f a re
gist
ered
com
pany
for t
he p
urpo
se o
f ope
ratin
g a
fleet
und
er th
e na
tiona
l fla
g of
the
Uni
ted
Kin
gdom
.
B.I
nter
nal W
ater
way
s Tra
nspo
rt
a)Pa
ssen
ger t
rans
port
atio
n
(CPC
722
1 le
ss n
atio
nal c
abot
age
trans
port54
)
b)Fr
eigh
t tra
nspo
rtat
ion
(CPC
722
2 le
ss n
atio
nal c
abot
age
trans
port55
)
Mea
sure
s bas
ed u
pon
exis
ting
or fu
ture
agr
eem
ents
on
acce
ss to
inla
nd w
ater
way
s res
erve
som
e tra
ffic
righ
ts to
ope
rato
rs ba
sed
in th
e cou
ntrie
s co
ncer
ned
and
mee
ting
natio
nalit
y cr
iteria
rega
rdin
g ow
ners
hip.
Unb
ound
for t
he es
tabl
ishm
ent o
f a r
egis
tere
d co
mpa
ny f
or th
e pu
rpos
e of
op
erat
ing
a fle
et u
nder
the
natio
nal f
lag
of th
e U
nite
d K
ingd
om.
51Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
app
lies
to p
ort s
ervi
ces
and
othe
r m
ariti
me
trans
port
ser
vice
s re
quiri
ng th
e us
e of
the
publ
ic d
omai
n.52
With
out p
reju
dice
to th
e sc
ope
of a
ctiv
ities
whi
ch m
ay b
e co
nsid
ered
as
cabo
tage
und
er th
e re
leva
nt n
atio
nal l
egis
latio
n, th
is s
ched
ule
does
not
incl
ude
natio
nal c
abot
age
trans
port,
whi
ch is
ass
umed
to c
over
(a) t
rans
porta
tion
of p
asse
nger
s or
goo
ds
betw
een
a po
rt or
poi
nt lo
cate
d in
the
Uni
ted
Kin
gdom
and
ano
ther
por
t or p
oint
loca
ted
in th
e U
nite
d K
ingd
om, i
nclu
ding
on
its c
ontin
enta
l she
lf a
s pr
ovid
ed in
the
UN
Con
vent
ion
on th
e La
w o
f the
Sea
, and
(b)
traff
ic o
rigin
atin
g an
d te
rmin
atin
g in
the
sam
e po
rt or
poi
nt lo
cate
d in
the
Uni
ted
Kin
gdom
.53
With
out p
reju
dice
to th
e sc
ope
of a
ctiv
ities
whi
ch m
ay b
e co
nsid
ered
as
cabo
tage
und
er th
e re
leva
nt n
atio
nal l
egis
latio
n, th
is s
ched
ule
does
not
incl
ude
natio
nal c
abot
age
trans
port,
whi
ch is
ass
umed
to c
over
(a) t
rans
porta
tion
of p
asse
nger
s or
goo
ds
betw
een
a po
rt or
poi
nt lo
cate
d in
the
Uni
ted
Kin
gdom
and
ano
ther
por
t or p
oint
loca
ted
in th
e U
nite
d K
ingd
om, i
nclu
ding
on
its
cont
inen
tal s
helf
as
prov
ided
in th
e U
N C
onve
ntio
n on
the
Law
of t
he S
ea, a
nd (b
) tra
ffic
orig
inat
ing
and
term
inat
ing
in th
e sa
me
port
or p
oint
loca
ted
in th
e U
nite
d K
ingd
om.
54W
ithou
t pre
judi
ce to
the
scop
e of
act
iviti
es w
hich
may
be
cons
ider
ed a
s ca
bota
ge u
nder
the
rele
vant
nat
iona
l leg
isla
tion,
this
sch
edul
e do
es n
ot in
clud
e na
tiona
l cab
otag
e tra
nspo
rt, w
hich
is a
ssum
ed to
cov
er (a
) tra
nspo
rtatio
n of
pas
seng
ers
or g
oods
be
twee
n a
port
or p
oint
loca
ted
in th
e U
nite
d K
ingd
om a
nd a
noth
er p
ort o
r poi
nt lo
cate
d in
the
Uni
ted
Kin
gdom
, inc
ludi
ng o
n its
con
tinen
tal s
helf
as
prov
ided
in th
e U
N C
onve
ntio
n on
the
Law
of t
he S
ea, a
nd (
b) tr
affic
orig
inat
ing
and
term
inat
ing
in th
e sa
me
port
or p
oint
loca
ted
in th
e U
nite
d K
ingd
om.
55W
ithou
t pre
judi
ce to
the
scop
e of
act
iviti
es w
hich
may
be
cons
ider
ed a
s ca
bota
ge u
nder
the
rele
vant
nat
iona
l leg
isla
tion,
this
sch
edul
e do
es n
ot in
clud
e na
tiona
l cab
otag
e tra
nspo
rt, w
hich
is a
ssum
ed to
cov
er tr
ansp
orta
tion
of p
asse
nger
s or
goo
ds b
etw
een
a po
rt or
poi
nt lo
cate
d in
the
Uni
ted
Kin
gdom
and
ano
ther
por
t or p
oint
loca
ted
in th
e U
nite
d K
ingd
om, i
nclu
ding
on
its c
ontin
enta
l she
lf as
pro
vide
d in
the
UN
Con
vent
ion
on th
e La
w o
f the
Sea
, and
traf
fic o
rigin
atin
g an
d te
rmin
atin
g in
the
sam
e po
rt or
po
int l
ocat
ed in
the
Uni
ted
Kin
gdom
.
186
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
C.R
ail T
rans
port
56
a)Pa
ssen
ger t
rans
port
atio
n
(CPC
711
1)
b)Fr
eigh
t tra
nspo
rtat
ion
(CPC
711
2)
Non
e.
D.R
oad
Tran
spor
t57
a)Pa
ssen
ger
Tran
spor
tatio
n
(CPC
712
1 an
d C
PC 7
122)
Fore
ign
inve
stor
s can
not p
rovi
de tr
ansp
ort s
ervi
ces w
ithin
the
Uni
ted
Kin
gdom
(cab
otag
e), e
xcep
t for
rent
al of
non
-sch
edul
ed se
rvic
es of
bus
es
with
ope
rato
r.
Econ
omic
nee
ds te
st fo
r tax
i ser
vice
s. M
ain
crite
ria: n
umbe
r of a
nd im
pact
on
exis
ting
esta
blis
hmen
ts, p
opul
atio
n de
nsity
, geo
grap
hic
spre
ad, i
mpa
ct o
n tra
ffic
con
ditio
ns a
nd c
reat
ion
of n
ew e
mpl
oym
ent.
56Th
e ho
rizon
tal
limita
tion
on p
ublic
util
ities
app
lies
to r
ail t
rans
port
serv
ices
req
uiri
ng th
e us
e of
the
publ
ic d
omai
n.57
The
horiz
onta
l lim
itatio
n on
pub
lic u
tiliti
es ap
plie
s.
187
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
b)Fr
eigh
t Tra
nspo
rtat
ion58
(CPC
712
3, e
xclu
ding
tran
spor
tatio
n of
pos
tal a
nd c
ourie
rite
ms o
n ow
n ac
coun
t59).
Non
e.
E.Pi
pelin
e tr
ansp
ort o
f goo
ds o
ther
than
fuel
60,6
1
(CPC
713
9)
Non
e.
17.S
ERVI
CES
AUXI
LIAR
Y TO
TRA
NSPO
RT62
A. S
ervi
ces a
uxili
ary
to M
ariti
me T
rans
port
63
a)M
ariti
me C
argo
Han
dlin
g Se
rvic
es
b)St
orag
e and
war
ehou
sing
Ser
vice
s
(par
t of C
PC 7
42)
c)C
usto
ms C
lear
ance
Ser
vice
s
d)C
onta
iner
Sta
tion
and
Dep
ot S
ervi
ces
e)M
ariti
me A
genc
y Se
rvic
es
f)M
ariti
me F
reig
ht F
orw
ardi
ng S
ervi
ces
g)R
enta
l of V
esse
ls w
ith C
rew
(CPC
721
3)
h)Pu
shin
g an
d to
win
g se
rvic
es
(CPC
721
4)
i)Su
ppor
ting
serv
ices
for
mar
itim
e tr
ansp
ort
(par
t of C
PC 7
45)
j)O
ther
supp
ortin
g an
d au
xilia
ry se
rvic
es (i
nclu
ding
cate
ring
) (pa
rt of
CPC
749
)
Unb
ound
for t
he es
tabl
ishm
ent o
f a re
gist
ered
com
pany
for t
he p
urpo
se o
f ope
ratin
g a
fleet
und
er th
e na
tiona
l fla
g of
the
Uni
ted
Kin
gdom
.
58Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
app
lies.
59Pa
rt of
CPC
712
35,
whi
ch is
to b
e fo
und
in C
OM
MU
NIC
ATI
ON
SER
VIC
ES u
nder
7.A
. Pos
tal a
nd C
ourie
r Se
rvic
es.
60Pi
pelin
e tra
nspo
rtatio
n of
fue
ls is
to b
e fo
und
in E
NER
GY
SER
VIC
ES u
nder
19.
B.61
The
horiz
onta
l lim
itatio
n on
pub
lic u
tiliti
es ap
plie
s.62
Doe
s no
t inc
lude
mai
nten
ance
and
repa
ir s
ervi
ces
of tr
ansp
ort e
quip
men
t, w
hich
are
to b
e fo
und
in B
USI
NES
S SE
RV
ICES
und
er 6
.F.l)
1. t
o 6.
F.l)
4.63
The
horiz
onta
l lim
itatio
n on
pub
lic u
tiliti
es a
pplie
s to
por
t ser
vice
s, to
oth
er a
uxili
ary
serv
ices
req
uirin
g th
e us
e of
the
publ
ic d
omai
n, a
nd to
pus
hing
and
tow
ing
serv
ices
.
188
Sect
or o
r su
b-se
ctor
D
escr
iptio
n of
rese
rvat
ions
B.Se
rvic
es a
uxili
ary
to in
tern
al w
ater
way
s tra
nspo
rt64
a)C
argo
-han
dlin
g se
rvic
es
(par
t of C
PC 7
41)
b)St
orag
e an
d w
areh
ouse
serv
ices
(par
t of C
PC 7
42)
c)Fr
eigh
t tra
nspo
rt a
genc
y se
rvic
es
(par
t of C
PC 7
48)
d)R
enta
l of V
esse
ls w
ith C
rew
(CPC
722
3)
e)Pu
shin
g an
d to
win
g se
rvic
es
(CPC
722
4)
f)Su
ppor
ting
serv
ices
for
inte
rnal
wat
erw
ays t
rans
port
(par
t of C
PC 7
45)
g)O
ther
supp
ortin
g an
d au
xilia
ry se
rvic
es
(par
t of C
PC 7
49)
Mea
sure
s bas
ed u
pon
exis
ting
or fu
ture
agr
eem
ents
on
acce
ss to
inla
nd w
ater
way
s res
erve
som
e tra
ffic
righ
ts to
ope
rato
rs ba
sed
in th
e cou
ntrie
s co
ncer
ned
and
mee
ting
natio
nalit
y cr
iteria
rega
rdin
g ow
ners
hip.
Unb
ound
for t
he es
tabl
ishm
ent o
f a r
egis
tere
d co
mpa
ny f
or th
e pu
rpos
e of
op
erat
ing
a fle
et u
nder
the
natio
nal f
lag
of th
e U
nite
d K
ingd
om.
64Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
app
lies
to p
ort s
ervi
ces,
to o
ther
aux
iliar
y se
rvic
es re
quiri
ng th
e us
e of
the
publ
ic d
omai
n an
d to
pus
hing
and
tow
ing
serv
ices
.
189
C.Se
rvic
es a
uxili
ary
to ra
il tr
ansp
ort65
a)C
argo
-han
dlin
g se
rvic
es
(par
t of C
PC 7
41)
b)St
orag
e an
d w
areh
ouse
serv
ices
(par
t of C
PC 7
42)
c)Fr
eigh
t tra
nspo
rt a
genc
y se
rvic
es
(par
t of C
PC 7
48)
d)Pu
shin
g an
d to
win
g se
rvic
es
(CPC
711
3)
e)Su
ppor
ting
serv
ices
for
rail
tran
spor
t ser
vice
s
(CPC
743
)
f)O
ther
supp
ortin
g an
d au
xilia
ry se
rvic
es
(par
t of C
PC 7
49)
Non
e.
65Th
e ho
rizon
tal
limita
tion
on p
ublic
util
ities
app
lies
whe
n th
e se
rvic
es r
equi
re th
e us
e of
the
publ
ic d
omai
n.
190
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
D.Se
rvic
es a
uxili
ary
to r
oad
tran
spor
t66
a)C
argo
-han
dlin
g se
rvic
es
(par
t of C
PC 7
41)
b)St
orag
e an
d w
areh
ouse
serv
ices
(par
t of C
PC 7
42)
c)Fr
eigh
t tra
nspo
rt a
genc
y se
rvic
es
(par
t of C
PC 7
48)
d)R
enta
l of C
omm
erci
al R
oad
Veh
icle
s with
Ope
rato
rs
(CPC
712
4)
e)Su
ppor
ting
serv
ices
for
road
tran
spor
t equ
ipm
ent
(CPC
744
)
f)O
ther
supp
ortin
g an
d au
xilia
ry se
rvic
es
(par
t of C
PC 7
49)
Non
e.
E.Se
rvic
es a
uxili
ary
to a
ir tr
ansp
ort s
ervi
ces
a)G
roun
d-ha
ndlin
g se
rvic
es (i
nclu
ding
cat
erin
g)U
nbou
nd, e
xcep
t for
Nat
iona
l Tre
atm
ent.
Cat
egor
ies o
f act
iviti
es d
epen
d on
the
size
of t
he a
irpor
t. Th
e nu
mbe
r of s
ervi
ce su
pplie
rs in
eac
h ai
rpor
t can
be
limite
d, d
ue to
ava
ilabl
e-sp
ace
cons
train
ts, a
nd to
not
less
than
two
supp
liers
for o
ther
reas
ons.
66Th
e ho
rizon
tal
limita
tion
on p
ublic
util
ities
app
lies
whe
n th
e se
rvic
es r
equi
re th
e us
e of
the
publ
ic d
omai
n.
191
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
b)St
orag
e an
d w
areh
ouse
serv
ices
(par
t of C
PC 7
42)
Non
e.
c)Fr
eigh
t tra
nspo
rt a
genc
y se
rvic
es
(par
t of C
PC 7
48)
Non
e.
d)R
enta
l of a
ircr
aft w
ith c
rew
(CPC
734
)
Airc
raft
used
by
a U
nite
d K
ingd
om a
ir ca
rrie
r hav
e to
be
regi
ster
ed in
the
Uni
ted
Kin
gdom
.
To b
e re
gist
ered
, airc
raft
may
be
requ
ired
to b
e ow
ned
eith
er b
y na
tura
l per
sons
mee
ting
spec
ific
natio
nalit
y cr
iteria
or b
y ju
ridic
al p
erso
ns
mee
ting
spec
ific
crite
ria re
gard
ing
owne
rshi
p of
cap
ital a
nd co
ntro
l.
Airc
raft
mus
t be
oper
ated
by
an a
ir ca
rrie
r ow
ned
eith
er b
y na
tura
l per
sons
mee
ting
spec
ific
natio
nalit
y cr
iteria
or b
y ju
ridic
al p
erso
ns
mee
ting
spec
ific
crite
ria re
gard
ing
owne
rshi
p of
cap
ital a
nd co
ntro
l.
e)Sa
les a
nd M
arke
ting
f)C
ompu
ter R
eser
vatio
ns S
yste
m
Whe
re a
ir ca
rrie
rs o
f the
Uni
ted
Kin
gdom
are
not
acc
orde
d eq
uiva
lent
trea
tmen
t67 to
that
pro
vide
d in
the
Uni
ted
Kin
gdom
by
CR
S se
rvic
es
supp
liers
in K
orea
, or w
here
CR
S se
rvic
es su
pplie
rs o
f the
Uni
ted
Kin
gdom
are n
ot ac
cord
ed eq
uiva
lent
trea
tmen
t to
that
pro
vide
d in
the U
nite
d K
ingd
om b
y ai
r car
riers
in K
orea
, mea
sure
s may
be
take
n to
acc
ord
equi
vale
nt tr
eatm
ent,
resp
ectiv
ely,
to th
e ai
r car
riers
of K
orea
by
the
CR
S se
rvic
es su
pplie
rs in
the
Uni
ted
Kin
gdom
, or t
o th
e C
RS
serv
ices
supp
liers
of K
orea
by
the
air c
arrie
rs in
the
Uni
ted
Kin
gdom
.
F. S
ervi
ces a
uxili
ary
to p
ipel
ine
tran
spor
t of g
oods
oth
erth
an fu
el68
a)St
orag
e an
d w
areh
ouse
serv
ices
of g
oods
oth
er th
anfu
el tr
ansp
orte
d by
pip
elin
es69
(par
t of C
PC 7
42)
Non
e.
67‘E
quiv
alen
t tre
atm
ent’
impl
ies
non-
disc
rimin
ator
y tre
atm
ent o
f air
carr
iers
of t
he U
nite
d K
ingd
om a
nd C
RS
serv
ices
sup
plie
rs o
f the
Uni
ted
Kin
gdom
.68
Serv
ices
aux
iliar
y to
pip
elin
e tra
nspo
rtatio
n of
fuel
s ar
e to
be
foun
d in
EN
ERG
Y S
ERV
ICES
und
er 1
9.C
.69
The
horiz
onta
l lim
itatio
n on
pub
lic u
tiliti
es ap
plie
s.
192
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
18.O
THER
TRA
NSPO
RT S
ERVI
CES
Prov
isio
n of
Com
bine
d Tr
ansp
ort S
ervi
ce
Non
e, w
ithou
t pre
judi
ce to
the l
imita
tions
insc
ribed
in th
is L
ist o
f Com
mitm
ents
aff
ectin
g an
y gi
ven
mod
e of
tran
spor
t.
19. E
NERG
Y SE
RVIC
ES
A.S
ervi
ces I
ncid
enta
l to
Min
ing70
(CPC
883
)71
Non
e.
C.S
tora
ge a
nd w
areh
ouse
serv
ices
of f
uels
tran
spor
ted
thro
ugh
pipe
lines
72
(par
t of C
PC 7
42)
Non
e.
D.W
hole
sale
trad
e se
rvic
es o
f sol
id, l
iqui
d an
d ga
seou
s fue
lsan
d re
late
d pr
oduc
ts
(CPC
622
71)
and
who
lesa
le tr
ade
serv
ices
of e
lect
ricity
, ste
am a
nd h
ot
wat
er73
Unb
ound
for w
hole
sale
trad
e se
rvic
es o
f ele
ctric
ity, s
team
and
hot
wat
er.
E. R
etai
ling
Serv
ices
of m
otor
fuel
(CPC
613
)
F. R
etai
l sal
es o
f fue
l oil,
bot
tled
gas,
coal
and
woo
d
(CPC
632
97)
and
reta
iling
serv
ices
of e
lect
ricity
, (no
n-bo
ttled
) gas
, ste
am
Unb
ound
for r
etai
ling
serv
ices
of m
otor
fuel
, ele
ctric
ity, (
non
bottl
ed) g
as, s
team
and
hot
wat
er.
70Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
appl
ies.
71In
clud
es th
e fo
llow
ing
serv
ices
rend
ered
on
a fe
e or
con
tract
bas
is: a
dviso
ry a
nd c
onsu
lting
serv
ices
rela
ting
to m
inin
g, o
n-la
nd si
te p
repa
ratio
n, o
n-la
nd ri
g in
stal
latio
n, d
rillin
g, d
rillin
g bi
ts se
rvic
es, c
asin
g an
d tu
bula
r ser
vice
s, m
ud e
ngin
eerin
g an
d su
pply
, sol
ids
cont
rol,
fishi
ng a
nd d
ownh
ole
spec
ial o
pera
tions
, wel
lsite
geo
logy
and
dril
ling
cont
rol,
core
taki
ng, w
ell t
estin
g, w
irelin
e se
rvic
es, s
uppl
y an
d op
erat
ion
of c
ompl
etio
n flu
ids (
brin
es) s
uppl
y an
d in
stal
latio
n of
com
plet
ion
devi
ces,
cem
entin
g (p
ress
ure
pum
ping
), st
imul
atio
n se
rvic
es (f
ract
urin
g, a
cidi
sing
and
pre
ssur
e pu
mpi
ng),
wor
kove
r and
wel
l rep
air s
ervi
ces a
nd p
lugg
ing
and
aban
doni
ng o
f wel
ls. D
oes n
ot in
clud
e di
rect
acc
ess t
o or
exp
loita
tion
of n
atur
al r
esou
rces
. D
oes
not
incl
ude
site
prep
arat
ion
wor
k fo
r m
inin
g of
re
sour
ces
othe
r th
an o
il an
d ga
s (C
PC 5
115)
, w
hich
is
to b
e fo
und
unde
r 8.
CO
NST
RU
CTI
ON
AN
D R
ELA
TED
EN
GIN
EER
ING
SER
VIC
ES.
72Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
appl
ies.
73Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
appl
ies.
193
and
hot w
ater
74 Se
ctor
or
sub-
sect
or
Des
crip
tion
of re
serv
atio
ns
G.S
ervi
ces i
ncid
enta
l to
ener
gy d
istr
ibut
ion75
(CPC
887
)
Unb
ound
exce
pt fo
r con
sulta
ncy s
ervi
ces,
and
none
for c
onsu
ltanc
y se
rvic
es.
20.O
THER
SER
VICE
S NO
T IN
CLUD
ED E
LSEW
HERE
a)W
ashi
ng, C
lean
ing
and
Dye
ing
serv
ices
(CPC
970
1)
Non
e.
b)H
aird
ress
ing
serv
ices
(CPC
970
21)
Non
e.
c)C
osm
etic
trea
tmen
t, m
anic
urin
g an
d pe
dicu
ring
serv
ices
(CPC
970
22)
Non
e.
d)O
ther
bea
uty
trea
tmen
t ser
vice
s n.e
.c
(CPC
970
29)
Non
e.
e)Sp
a se
rvic
es a
nd n
on th
erap
eutic
al m
assa
ges,
to th
e ex
tent
th
at t
hey
are
prov
ided
as
rela
xatio
n ph
ysic
al w
ell-b
eing
serv
ices
and
not f
or m
edic
al o
r re
habi
litat
ion
purp
oses
76,7
7
(CPC
ver
. 1.0
972
30)
Non
e.
74Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
appl
ies.
75Ex
cept
for
con
sulti
ng s
ervi
ces,
the
horiz
onta
l lim
itatio
n on
pub
lic u
tiliti
es a
pplie
s.76
Ther
apeu
tical
mas
sage
s an
d th
erm
al c
ure
serv
ices
are
to
be f
ound
und
er 6
.A.h
) M
edic
al a
nd D
enta
l se
rvic
es,
6.A
.j) 2
. Se
rvic
es p
rovi
ded
by N
urse
s, Ph
ysio
ther
apis
ts a
nd P
aram
edic
al p
erso
nnel
, an
d H
ealth
Ser
vice
s (1
3.A
and
13.
C).
77Th
e ho
rizon
tal l
imita
tion
on p
ublic
util
ities
app
lies
to s
pa s
ervi
ces
and
non-
ther
apeu
tical
mas
sage
s pr
ovid
ed in
dom
ains
of
publ
ic u
tility
suc
h as
cer
tain
wat
er s
ourc
es.
194
f)Te
leco
mm
unic
atio
ns c
onne
ctio
n se
rvic
es
(CPC
754
3)
Non
e.
195
ANNEX 7-A-3
UNITED KINGDOM
LIST OF RESERVATIONS IN CONFORMITY WITH ARTICLES 7.18 AND 7.19
(KEY PERSONNEL AND GRADUATE TRAINEES AND BUSINESS SERVICE SELLERS)
1. The list of reservations below indicates the economic activities liberalised pursuant to Articles 7.7 and 7.13 for whichlimitations on key personnel and graduate trainees in accordance with Articles 7.18 and 7.19 apply and specifies suchlimitations. The list below is composed of the following elements:
(a) the first column indicating the sector or sub-sector in which limitations apply; and
(b) the second column describing the applicable limitations.
The United Kingdom does not undertake any commitment for key personnel in economic activities which are not liberalised (remain unbound) pursuant to Article 7.13.
2. In identifying individual sectors and sub-sectors:
(a) ISIC rev 3.1 means the International Standard Industrial Classification of all Economic Activities as set out inStatistical Office of the United Nations, Statistical Papers, Series M, No 4, ISIC REV 3.1, 2002;
(b) CPC means the Central Products Classification as referred to in footnote 27 to Article 7.25; and
(c) CPC ver. 1.0 means the Central Products Classification as set out in Statistical Office of the United Nations,Statistical Papers, Series M, No 77, CPC ver 1.0, 1998.
3. Commitments on key personnel and graduate trainees do not apply in cases where the intent or effect of theirtemporary presence is to interfere with, or otherwise affect the outcome of, any labour/management dispute ornegotiation.
4. The list below does not include measures relating to qualification requirements and procedures, technical standardsand licensing requirements and procedures when they do not constitute a limitation within the meaning of Articles7.18 and 7.19. Those measures (e.g. need to obtain a licence, need to obtain recognition of qualifications in regulatedsectors, need to pass specific examinations, including language examinations, and need to have a legal domicile in theterritory where the economic activity is performed), even if not listed below, apply in any case to key personnel andgraduate trainees of Korea.
5. All requirements of the laws and regulations of the United Kingdom regarding entry, stay, work and social security measures shall continue to apply, including regulations concerning period of stay, minimum wages as well ascollective wage agreements even if not listed below.
6. In accordance with Article 7.1.3, the list below does not include measures concerning subsidies granted by a Party.
7. The list below is without prejudice to the existence of public monopolies and exclusive rights as described in the listof commitments on establishment.
8. In the sectors where economic needs tests are applied, their main criteria will be the assessment of the relevant marketsituation in the United Kingdom or the region where the service is to be provided, including with respect to thenumber of, and the impact on, existing services suppliers.
9. The rights and obligations arising from the list below shall have no self-executing effect and thus confer no rightsdirectly on natural or juridical persons.
196
Se
ctor
or
sub-
sect
or
Des
crip
tion
of re
serv
atio
ns
6. B
USIN
ESS
SERV
ICES
197
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
E.R
enta
l/Lea
sing
Serv
ices
with
out O
pera
tors
e)R
elat
ing
to p
erso
nal a
nd h
ouse
hold
goo
ds
(CPC
832
)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
f)Te
leco
mm
unic
atio
ns e
quip
men
t ren
tal
(CPC
754
1)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
F.O
ther
Bus
ines
s Ser
vice
s
l)3.
Mai
nten
ance
and
Rep
air
of m
otor
veh
icle
s, m
otor
cycl
es,
snow
mob
iles a
nd r
oad
tran
spor
t Equ
ipm
ent
(CPC
611
2, C
PC 6
122,
par
t of C
PC 8
867
and
part
of C
PC
8868
)
For m
aint
enan
ce a
nd re
pair
of m
otor
veh
icle
s, m
otor
cycl
es a
nd s
now
mob
iles,
natio
nalit
y co
nditi
on fo
r spe
cial
ists
and
for g
radu
ate
train
ees.
l)5.
Mai
nten
ance
and
Rep
air
serv
ices
of
met
al p
rodu
cts,
of(n
on o
ffic
e) m
achi
nery
, of (
non
tran
spor
t and
non
off
ice)
equi
pmen
t and
of p
erso
nal a
nd h
ouse
hold
goo
ds1
(CPC
633
, CPC
754
5, C
PC 8
861,
CPC
886
2, C
PC 8
864,
C
PC 8
865
and
CPC
886
6)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
, exc
ept f
or C
PC 6
33, 8
861,
886
6.
1M
aint
enan
ce a
nd re
pair
serv
ices
of t
rans
port
equi
pmen
t (C
PC 6
112,
612
2, 8
867
and
CPC
886
8) a
re to
be
foun
d un
der 6
.F. l
) 1. t
o 6.
F.l)
4. M
aint
enan
ce a
nd re
pair
serv
ices
of o
ffice
mac
hine
ry a
nd e
quip
men
t inc
ludi
ng c
ompu
ters
(CPC
845
) ar
e to
be
foun
d un
der
6.B.
Com
pute
r an
d R
elat
ed S
ervi
ces.
198
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
r)5.
Dup
licat
ing
serv
ices
(CPC
879
04)2
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
2D
oes
not i
nclu
de p
rintin
g se
rvic
es, w
hich
fal
l und
er C
PC 8
8442
and
are
to b
e fo
und
unde
r 6.
F. p
).
199
Sect
or o
r sub
-sec
tor
Des
crip
tion
of re
serv
atio
ns
16.T
RANS
PORT
SER
VICE
S
A.M
ariti
me
Tran
spor
t
a)In
tern
atio
nal p
asse
nger
tran
spor
tatio
n
(CPC
721
1 le
ss n
atio
nal c
abot
age
trans
port)
.
Nat
iona
lity
cond
ition
for s
hips
’ cre
w.
200
Sect
or o
r su
b-se
ctor
D
escr
iptio
n of
rese
rvat
ions
b)In
tern
atio
nal f
reig
ht tr
ansp
orta
tion
(CPC
721
2 le
ss n
atio
nal c
abot
age
trans
port)
Nat
iona
lity
cond
ition
for s
hips
’ cre
w.
20.O
THER
SER
VICE
S NO
T IN
CLUD
ED E
LSEW
HERE
a)W
ashi
ng, C
lean
ing
and
Dye
ing
serv
ices
(CPC
970
1)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
b)H
aird
ress
ing
serv
ices
(CPC
970
21)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
201
Sect
or o
r su
b-se
ctor
D
escr
iptio
n of
rese
rvat
ions
c)C
osm
etic
trea
tmen
t, m
anic
urin
g an
d pe
dicu
ring
serv
ices
(CPC
970
22)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
d)O
ther
bea
uty
trea
tmen
t ser
vice
s n.e
.c
(CPC
970
29)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
e)Sp
a se
rvic
es a
nd n
on th
erap
eutic
al m
assa
ges,
to th
e ex
tent
th
at t
hey
are
prov
ided
as
rela
xatio
n ph
ysic
al w
ell-b
eing
serv
ices
and
not f
or m
edic
al o
r re
habi
litat
ion
purp
oses
3
(CPC
ver
. 1.0
972
30)
Nat
iona
lity
cond
ition
for s
peci
alis
ts an
d fo
r gra
duat
e tra
inee
s.
3Th
erap
eutic
al m
assa
ges
and
ther
mal
cur
e se
rvic
es a
re t
o be
fou
nd u
nder
6.A
.h)
Med
ical
and
Den
tal
serv
ices
, 6.
A.j)
2.
Serv
ices
pro
vide
d by
Nur
ses,
Phy
siot
hera
pist
s an
d Pa
ram
edic
al p
erso
nnel
, an
d he
alth
ser
vice
s (1
3.A
and
13.
C).
202
AN
NE
X 7
-A-4
KO
RE
A
SCH
ED
UL
E O
F SP
EC
IFIC
CO
MM
ITM
EN
TS
IN C
ON
FOR
MIT
Y W
ITH
AR
TIC
LES
7.7,
7.1
3, 7
.18
AN
D 7
.19
203
A.S
ched
ule
of S
peci
fic C
omm
itmen
ts in
Ser
vice
s Sec
tors
EX
PLA
NAT
OR
Y N
OT
ES
1.Th
e lis
t of c
omm
itmen
ts b
elow
(her
eina
fter r
efer
red
to a
s “t
his
Sche
dule
”) in
dica
tes
the
serv
ice
sect
ors
liber
alis
ed p
ursu
ant t
o A
rticl
es 7
.7 a
nd7.
13, a
nd, b
y m
eans
of
rese
rvat
ions
, the
mar
ket a
cces
s an
d na
tiona
l tre
atm
ent l
imita
tions
that
app
ly to
ser
vice
s an
d se
rvic
e su
pplie
rs o
f th
e U
nite
dK
ingd
om in
thos
e se
ctor
s. Th
is S
ched
ule
is c
ompo
sed
of th
e fo
llow
ing
elem
ents
:
(a)
the
first
col
umn
indi
catin
g th
e se
ctor
or s
ubse
ctor
in w
hich
the
com
mitm
ent i
s und
erta
ken
by K
orea
, and
the
scop
e of
libe
ralis
atio
n to
whi
chth
e re
serv
atio
ns a
pply
;
(b)
the
seco
nd c
olum
n de
scrib
ing
the
appl
icab
le re
serv
atio
ns to
Arti
cles
7.5
and
7.1
1 in
the
sect
or o
r sub
sect
or in
dica
ted
in th
e fir
st c
olum
n;
(c)
the
third
col
umn
desc
ribin
g th
e ap
plic
able
rese
rvat
ions
to A
rticl
es 7
.6 a
nd 7
.12
in th
e se
ctor
or s
ubse
ctor
indi
cate
d in
the
first
col
umn;
and
(d)
the
four
th c
olum
n de
scrib
ing
spec
ific
com
mitm
ents
on
mea
sure
s af
fect
ing
the
cros
s-bo
rder
supp
ly o
f ser
vice
s an
d es
tabl
ishm
ent i
n se
rvic
ese
ctor
s not
subj
ect t
o sc
hedu
ling
unde
r Arti
cles
7.5
and
7.1
1 an
d A
rticl
es 7
.6 a
nd 7
.12.
Supp
ly o
f ser
vice
s in
sect
ors o
r sub
sect
ors c
over
ed b
y th
is A
gree
men
t and
not
men
tione
d in
this
Sch
edul
e is
not
com
mitt
ed.
2.M
easu
res i
ncon
sist
ent w
ith b
oth
Arti
cles
7.5
and
7.1
1 an
d A
rticl
es 7
.6 a
nd 7
.12
shal
l be
insc
ribed
in th
e co
lum
n re
latin
g to
Arti
cles
7.5
and
7.1
1.In
this
cas
e th
e in
scrip
tion
will
be
cons
ider
ed to
pro
vide
a c
ondi
tion
or q
ualif
icat
ion
to A
rticl
es 7
.6 a
nd 7
.12
as w
ell.1
3.Fo
ur d
iffer
ent m
odes
of s
uppl
y ar
e in
dica
ted
in th
is S
ched
ule.
The
se sh
all b
e un
ders
tood
as f
ollo
ws:
(a)
The
mod
e of
sup
ply
“1) t
he c
ross
-bor
der s
uppl
y” is
und
erst
ood
as th
e su
pply
of a
ser
vice
from
the
terr
itory
of a
Par
ty in
to th
e te
rrito
ry o
fth
e ot
her P
arty
, in
acco
rdan
ce w
ith A
rticl
e 7.
4.3
(a) (
i)
(b)
The
mod
e of
supp
ly “
2) th
e co
nsum
ptio
n ab
road
” is
und
erst
ood
as th
e su
pply
of a
serv
ice
in th
e te
rrito
ry o
f a P
arty
to th
e se
rvic
e co
nsum
erof
the
othe
r Par
ty, i
n ac
cord
ance
with
Arti
cle
7.4.
3 (a
) (ii)
.
1 For
the
purp
oses
of t
his p
arag
raph
, tre
atm
ent p
rovi
ded
unde
r Arti
cles
7.6
and
7.1
2 is
no
less
favo
urab
le th
an th
at c
omm
itted
in fr
ee tr
ade
agre
emen
ts to
whi
ch K
orea
is a
par
ty a
nd
whi
ch w
ill e
nter
into
forc
e af
ter t
he si
gnat
ure
of th
is A
gree
men
t.
204
(c)
The
mod
e of
sup
ply
“3) t
he c
omm
erci
al p
rese
nce”
is u
nder
stoo
d as
the
supp
ly o
f a s
ervi
ce th
roug
h an
est
ablis
hmen
t, in
acc
orda
nce
with
Arti
cle
7.9
(a).
(d)
The
mod
e of
supp
ly “
4) th
e pr
esen
ce o
f nat
ural
per
sons
” is
und
erst
ood
as th
e su
pply
of a
serv
ice
thro
ugh
the
tem
pora
ry p
rese
nce
of n
atur
alpe
rson
s for
bus
ines
s pur
pose
, in
acco
rdan
ce w
ith A
rticl
e 7.
17.
4.N
otw
ithst
andi
ng A
rticl
e 7.
11, n
on-d
iscr
imin
ator
y re
quire
men
ts a
s reg
ards
the
type
s of l
egal
form
of a
n es
tabl
ishm
ent d
o no
t nee
d to
be
spec
ified
in th
is S
ched
ule
in o
rder
to b
e m
aint
aine
d or
ado
pted
by
Kor
ea.
5.K
orea
doe
s no
t und
erta
ke a
ny c
omm
itmen
t und
er A
rticl
es 7
.18
and
7.19
on
key
pers
onne
l, gr
adua
te tr
aine
es a
nd b
usin
ess
serv
ice
selle
rs in
econ
omic
act
iviti
es w
hich
are
not
libe
ralis
ed p
ursu
ant t
o A
rticl
es 7
.7 a
nd 7
.13.
Kor
ea’s
com
mitm
ents
und
erta
ken
unde
r Arti
cles
7.1
8 an
d 7.
19 o
n ke
y pe
rson
nel,
grad
uate
trai
nees
and
bus
ines
s se
rvic
e se
llers
do
not a
pply
in c
ases
w
here
the
int
ent
or e
ffect
of
thei
r te
mpo
rary
pre
senc
e is
to
inte
rfer
e w
ith, o
r ot
herw
ise
affe
ct t
he o
utco
me
of, a
ny l
abou
r/man
agem
ent
disp
ute
or
nego
tiatio
n.
Kor
ea m
ay ta
ke m
easu
res a
ffect
ing
natu
ral p
erso
ns se
ekin
g ac
cess
to th
e em
ploy
men
t mar
ket o
f Kor
ea a
nd m
easu
res r
egar
ding
citi
zens
hip,
resi
denc
e or
em
ploy
men
t on
a pe
rman
ent b
asis
.
Key
per
sonn
el, g
radu
ate
train
ees a
nd b
usin
ess s
ervi
ce se
llers
who
se e
ntrie
s an
d te
mpo
rary
stay
s are
per
mitt
ed sh
all o
bser
ve th
e im
mig
ratio
n an
d la
bour
la
ws o
f Kor
ea.
6.In
iden
tifyi
ng in
divi
dual
sect
ors a
nd su
b-se
ctor
s, C
PC m
eans
the
Cen
tral P
rodu
cts C
lass
ifica
tion
as re
ferr
ed to
in fo
otno
te 2
7 to
Arti
cle
7.25
.
7.Th
is S
ched
ule
does
not
incl
ude
mea
sure
s re
latin
g to
qua
lific
atio
n re
quire
men
ts a
nd p
roce
dure
s, te
chni
cal s
tand
ards
and
lice
nsin
g re
quire
men
tsw
hen
they
do
not c
onst
itute
a m
arke
t acc
ess
or a
nat
iona
l tre
atm
ent l
imita
tion
with
in th
e m
eani
ng o
f Arti
cles
7.5
and
7.1
1 an
d A
rticl
es 7
.6 a
nd 7
.12.
Thos
e m
easu
res (
e.g.
nee
d to
obt
ain
a lic
ense
, uni
vers
al se
rvic
e ob
ligat
ions
, nee
d to
obt
ain
reco
gniti
on o
f qua
lific
atio
ns in
regu
late
d se
ctor
s, an
d ne
ed to
pass
spec
ific
exam
inat
ions
, inc
ludi
ng la
ngua
ge ex
amin
atio
ns an
d ne
ed to
hav
e a le
gal d
omic
ile in
the
terr
itory
whe
re th
e ec
onom
ic ac
tivity
is p
erfo
rmed
),ev
en if
not
list
ed, a
pply
in a
ny c
ase
to s
ervi
ces a
nd se
rvic
e su
pplie
rs o
f the
Uni
ted
Kin
gdom
.
8.In
acc
orda
nce w
ith A
rticl
e 7.1
, thi
s Sch
edul
e doe
s not
incl
ude m
easu
res c
once
rnin
g su
bsid
ies o
r gra
nts p
rovi
ded
by K
orea
, inc
ludi
ng g
over
nmen
t-su
ppor
ted
loan
s, gu
aran
tees
and
insu
ranc
e.
205
9.
The
right
s and
obl
igat
ions
aris
ing
from
this
Sch
edul
e sh
all h
ave
no se
lf-ex
ecut
ing
effe
ct a
nd th
us c
onfe
r no
right
s dire
ctly
on
natu
ral o
r jur
idic
al
pers
ons.
206
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
I.H
OR
IZO
NT
AL
CO
MM
ITM
EN
TS
ʺUnb
ound
*ʺ m
eans
unb
ound
due
to la
ck o
f tec
hnic
al fe
asib
ility
.
ʺ**ʺ
Dou
ble
aste
risks
on
the
CPC
Cod
e nu
mbe
r ind
icat
e th
at th
e co
rres
pond
ing
serv
ice
sub-
sect
or in
this
Sch
edul
e on
ly c
over
s a p
art o
r par
ts o
f the
serv
ice
sub-
sect
or c
lass
ified
un
der t
he g
iven
CPC
cod
e nu
mbe
r.
ALL
SEC
TOR
S IN
CLU
DED
IN T
HIS
SC
HED
ULE
3)Th
e ac
quis
ition
of o
utst
andi
ng st
ocks
of e
xist
ing
dom
estic
com
pani
es in
such
are
as a
s ene
rgy
and
avia
tion
by n
atur
al p
erso
ns o
r jur
idic
al p
erso
ns o
fth
e o
ther
Par
ty m
ay b
e re
stric
ted.
U
nbou
nd fo
r mea
sure
s with
resp
ect t
o th
e tra
nsfe
r or
disp
ositi
on o
f equ
ity in
tere
sts o
r ass
ets h
eld
by st
ate
ente
rpris
es o
r gov
ernm
enta
l aut
horit
ies,
and
the
trans
fer t
o th
e pr
ivat
e se
ctor
of a
ll or
any
por
tion
of
serv
ices
pro
vide
d in
the
exer
cise
of g
over
nmen
tal
auth
oriti
es.2,
3
Unb
ound
for m
easu
res t
hat a
ccor
d rig
hts o
r pr
efer
ence
s to
soci
ally
or e
cono
mic
ally
di
sadv
anta
ged
grou
ps, s
uch
as th
e di
sabl
ed,
pers
ons w
ho h
ave
rend
ered
dis
tingu
ishe
d se
rvic
es
to th
e st
ate,
and
eth
nic
min
oriti
es.4
1)2)
3) U
nbou
nd fo
r mea
sure
s with
resp
ect t
o th
efir
earm
s, sw
ords
, and
exp
losi
ves s
ecto
rs, i
nclu
ding
the
man
ufac
ture
, use
, sal
e, st
orag
e, tr
ansp
ort,
impo
rt,ex
port,
and
pos
sess
ion
of fi
rear
ms,
swor
ds, o
rex
plos
ives
.
1)2)
For
bus
ines
s ser
vice
s, un
boun
d fo
r mea
sure
sw
ith re
spec
t to
the
expo
rtatio
n an
d re
-exp
orta
tion
ofco
ntro
lled
com
mod
ities
, sof
twar
e, a
nd te
chno
logy
.
3)Th
e ac
quis
ition
of l
and
is u
nbou
nd e
xcep
t:
(a)
that
the
acqu
isiti
on o
f lan
d by
com
pani
esw
hich
are
not
dee
med
as f
orei
gn u
nder
the
Fore
igne
r’s L
and
Acqu
isiti
on A
ct is
perm
itted
, and
2 Thi
s res
erva
tion
does
not
app
ly to
form
er p
rivat
e en
terp
rises
that
are
ow
ned
by th
e st
ate
as a
resu
lt of
cor
pora
te re
orga
nisa
tion
proc
esse
s.
3 For
pur
pose
s of t
his r
eser
vatio
n, “
stat
e en
terp
rise”
shal
l inc
lude
any
ent
erpr
ise
crea
ted
for t
he so
le p
urpo
se o
f sel
ling
or d
ispo
sing
of e
quity
inte
rest
s or a
sset
s of o
ther
stat
e en
terp
rises
or
gov
ernm
enta
l aut
horit
ies.
4 T
he m
easu
res f
or c
ompa
nies
em
ploy
ing
disa
dvan
tage
d gr
oups
are
app
lied
in a
non
-dis
crim
inat
ory
way
.
207
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
ALL
SEC
TOR
S IN
CLU
DED
IN T
HIS
SC
HED
ULE
Unb
ound
for m
easu
res a
ffect
ing
the
adm
inis
tratio
n an
d op
erat
ion
of a
ny st
ate-
owne
d el
ectro
nic
info
rmat
ion
syst
em th
at c
onta
ins p
ropr
ieta
ry
gove
rnm
ent i
nfor
mat
ion
or in
form
atio
n ga
ther
ed
purs
uant
to th
e re
gula
tory
func
tions
and
pow
ers o
f th
e go
vern
men
t. T
his r
eser
vatio
n do
es n
ot a
pply
to
paym
ent a
nd se
ttlem
ent s
yste
ms r
elat
ed to
fina
ncia
l se
rvic
es.
(b)
that
the
acqu
isiti
on o
f lan
d by
com
pani
esw
hich
are
dee
med
as f
orei
gn u
nder
the
Fore
igne
r’s L
and
Acqu
isiti
on A
ct a
nd b
ybr
anch
es o
f for
eign
com
pani
es is
per
mitt
ed,
subj
ect t
o ap
prov
al o
r not
ifica
tion
inac
cord
ance
with
the
Fore
igne
r’s L
and
Acqu
isiti
on A
ct, f
or a
ny o
f the
follo
win
gle
gitim
ate
busi
ness
pur
pose
s:
-la
nd u
sed
for s
uppl
ying
serv
ices
dur
ing
the
cour
se o
f nor
mal
bus
ines
s act
iviti
es;
-la
nd u
sed
for h
ousi
ng se
nior
com
pany
pers
onne
l und
er p
ertin
ent l
aws;
or
-la
nd u
sed
for f
ulfil
ling
land
-hol
ding
requ
irem
ents
stip
ulat
ed b
y pe
rtine
ntla
ws.
208
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
ALL
SEC
TOR
S IN
CLU
DED
IN T
HIS
SC
HED
ULE
4)5
Key
Per
sonn
el a
nd B
usin
ess S
ervi
ces S
elle
rs
Unb
ound
exc
ept a
s per
the
com
mitm
ent u
nder
the
Sect
ion
D “
Tem
pora
ry P
rese
nce
of N
atur
al
Pers
ons f
or B
usin
ess P
urpo
se.”
Gra
duat
e T
rain
ees(
GT
)
Unb
ound
for s
ecto
rs o
r sub
-sec
tors
as b
elow
:
CPC
861
, CPC
862
, CPC
863
, CPC
851
, CPC
85
3, C
PC 8
2201
**, C
PC 8
2202
**, C
PC 8
2203
**,
CPC
822
04**
, CPC
822
05**
, CPC
822
06**
, C
PC 8
3104
, CPC
832
, CPC
867
61**
,
C
PC
8676
3**,
CPC
867
69**
, CPC
633
, CPC
886
1,
CPC
886
2, C
PC 8
863,
CPC
886
4, C
PC 8
865,
C
PC 8
866,
CPC
874
**, C
PC 7
512*
*,
Tele
com
mun
icat
ion
Serv
ices
, Dis
tribu
tion
serv
ices
exc
ept
CPC
892
9**,
Edu
catio
nal
serv
ices
, C
PC 9
401*
*, C
PC 9
402*
*, C
PC 6
41,
CPC
642
, CPC
643
1**,
CPC
747
1, C
PC 8
7905
, C
PC 9
6191
, CPC
961
92, C
PC 9
62, C
PC 7
472,
C
PC 7
211,
CPC
721
2, C
PC 7
111,
CPC
711
2,
CPC
712
33**
, CPC
970
2, IS
IC re
v 3.
16 : 01
1,
012,
013
, 015
.
4)Th
e ac
quis
ition
of l
and
is u
nbou
nd e
xcep
t tha
tth
e le
ase
hold
righ
t of l
and
is p
erm
itted
.
II.
SEC
TO
R-S
PEC
IFIC
CO
MM
ITM
EN
TS
1.B
USI
NES
S SE
RV
ICES
A.
Prof
essi
onal
Ser
vice
s
5 The
se li
mita
tions
on
key
pers
onne
l, gr
adua
te tr
aine
es a
nd b
usin
ess
serv
ices
sel
lers
are
als
o ap
plie
d to
the
Sche
dule
of S
peci
fic C
omm
itmen
ts in
Est
ablis
hmen
t. R
egar
ding
the
CPC
co
des
with
dou
ble
aste
risks
in li
mita
tions
on
grad
uate
trai
nees
, the
scop
e of
“un
boun
d” is
the
sam
e as
the
scop
e of
the
com
mitm
ent i
n th
e re
late
d se
ctor
s or s
ub-s
ecto
rs in
“II
. Sec
tor-
Spec
ific
Com
mitm
ents
.”
6 “IS
IC re
v 3.
1” p
resc
ribed
in th
is S
ched
ule
mea
ns th
e In
tern
atio
nal S
tand
ard
Indu
stria
l Cla
ssifi
catio
n of
all
Econ
omic
Act
iviti
es a
s set
out
in S
tatis
tical
Offi
ce o
f the
Uni
ted
Nat
ions
, St
atis
tical
Pap
ers,
Serie
s M, N
° 4, I
SIC
REV
3.1
, 200
2.
209
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
a. L
egal
serv
ices
(CPC
861
)
Excl
udin
g (i
) re
pres
enta
tion
for
juri
dica
l or
stat
utor
y pr
oced
ures
in c
ourt
s an
d ot
her
gove
rnm
ent
agen
cies
as
wel
l as
prep
arat
ion
of le
gal
docu
men
ts f
or s
uch
proc
edur
es;
(ii)
lega
l rep
rese
ntat
ion
for
the
entr
ustm
ent o
f th
e pr
epar
atio
n of
not
aria
l de
eds;
1)2)
3) (a
) Onl
y a
byeo
n-ho
-sa
(Kor
ean-
licen
sed
law
yer)
regi
ster
ed w
ith th
e K
orea
n B
ar A
ssoc
iatio
n m
ay su
pply
lega
l ser
vice
s.
A b
yeon
-ho-
sa (K
orea
n-lic
ense
d la
wye
r) o
r a b
eop-
mu-
sa (K
orea
n-ce
rtifie
d ju
dici
al sc
riven
er) w
ho
prac
tices
in K
orea
mus
t est
ablis
h an
off
ice
in th
e ju
risdi
ctio
n of
the
dist
rict c
ourt
in w
hich
he
or sh
e pr
actic
es.
A g
ong-
jeun
g-in
(Kor
ean
nota
ry p
ublic
) m
ust e
stab
lish
an o
ffic
e in
the
juris
dict
ion
of th
e di
stric
t off
ice
of th
e pu
blic
pro
secu
tor i
n w
hich
he
or
she
prac
tices
. O
nly
a by
eon-
ho-s
a (K
orea
n-lic
ense
d la
wye
r) m
ay
esta
blis
h th
e fo
llow
ing
type
s of l
egal
ent
ity: b
eop-
yool
-sa-
mu-
so (l
aw o
ffic
e), b
eop-
mu-
beop
-in (l
aw
com
pany
with
the
char
acte
ristic
s of p
artn
ersh
ip),
beop
-mu-
beop
-in (y
oo-h
an) (
limite
d lia
bilit
y la
w
com
pany
), or
beo
p-m
u-jo
-hap
(lim
ited
liabi
lity
partn
ersh
ip la
w o
ffic
e).
For g
reat
er c
erta
inty
, a
pers
on th
at is
not
a K
orea
n-lic
ense
d la
wye
r is n
ot
perm
itted
to in
vest
in a
ny o
f the
se ty
pes o
f leg
al
entit
y.
1)2)
3) T
he sa
me
limita
tions
as s
peci
fied
in (b
) of
MA
col
umn
appl
y.
1.
Rep
rese
ntat
ion
in
inte
rnat
iona
l com
mer
cial
ar
bitra
tion
is p
erm
itted
, pr
ovid
ed th
at th
e ap
plic
able
pro
cedu
ral
and
subs
tant
ive
law
s in
the
arbi
tratio
n ar
e ei
ther
th
e la
ws w
hich
the
Fore
ign
Lega
l C
onsu
ltant
is q
ualif
ied
to p
ract
ice
in K
orea
, or
inte
rnat
iona
l rul
es.
2.
Use
of h
ome
title
in it
s ow
n la
ngua
ge is
pe
rmitt
ed, p
rovi
ded
that
it
is u
sed
with
refe
renc
e to
"Fo
reig
n Le
gal
Con
sulta
nt"
in K
orea
n.
210
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(iii)
activ
ities
con
cern
ing
labo
r af
fair
s co
nsul
ting
serv
ices
or
a le
gal c
ase
who
se o
bjec
tive
is th
eac
quis
ition
, los
s or
chan
ge o
f rig
hts
conc
erni
ng r
eal
prop
erty
in K
orea
,in
telle
ctua
l pro
pert
yri
ghts
, min
ing
righ
ts o
rot
her
righ
ts a
risi
ngup
on r
egis
trat
ion
ther
eof
with
gove
rnm
ent a
genc
ies
inK
orea
; and
(b)
Unb
ound
for l
egal
serv
ices
oth
er th
an le
gal
serv
ices
per
mitt
ed to
pro
vide
in (a
)7 , ex
cept
for t
hefo
llow
ings
:
(i)N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
sin
to fo
rce,
Kor
ea sh
all a
llow
, sub
ject
toce
rtain
requ
irem
ents
con
sist
ent w
ith th
isA
gree
men
t, la
w fi
rms o
f the
Uni
ted
Kin
gdom
to e
stab
lish
repr
esen
tativ
e of
fices
(For
eign
Leg
al C
onsu
ltant
off
ices
or F
LCof
fices
) in
Kor
ea, a
nd la
wye
rs li
cens
ed in
the
Uni
ted
Kin
gdom
to p
rovi
de le
gal a
dvis
ory
serv
ices
rega
rdin
g th
e la
ws o
f the
juris
dict
ion
in w
hich
they
are
lice
nsed
and
publ
ic in
tern
atio
nal l
aw a
s for
eign
lega
lco
nsul
tant
s in
Kor
ea; a
nd
3.U
se o
f firm
nam
e is
perm
itted
, pro
vide
d th
atit
is u
sed
with
refe
renc
eto
"Fo
reig
n Le
gal
Con
sulta
nts O
ffice
" in
Kor
ean.
(iv)
activ
ities
in a
lega
l cas
eco
ncer
ning
fam
ilyre
latio
ns o
r in
heri
tanc
e,in
whi
ch a
Kor
ean
natio
nal i
s in
volv
ed a
sa
part
y or
the
prop
erty
conc
erne
d is
loca
ted
inK
orea
.
(ii)
No
late
r tha
n th
e da
te th
is A
gree
men
t ent
ers
into
forc
e, K
orea
shal
l allo
w a
repr
esen
tativ
eof
fice,
subj
ect t
o ce
rtain
requ
irem
ents
cons
iste
nt w
ith th
is A
gree
men
t, to
ent
er in
tosp
ecifi
c co
oper
ativ
e ag
reem
ents
with
Kor
ean
law
firm
s in
orde
r to
be a
ble
to jo
intly
dea
lw
ith c
ases
in w
hich
dom
estic
and
fore
ign
lega
l iss
ues a
re m
ixed
, and
to sh
are
prof
itsde
rived
from
such
cas
es.
7 Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re, i
nclu
ding
but
not
lim
ited
to (a
) res
trict
ions
on
certi
ficat
ion,
app
rova
l, re
gist
ratio
n, a
dmis
sion
, and
supe
rvis
ion
of, a
nd a
ny
othe
r req
uire
men
ts w
ith re
spec
t to,
fore
ign
coun
try-li
cens
ed la
wye
rs o
r for
eign
law
firm
s su
pply
ing
any
type
of l
egal
ser
vice
s in
Kor
ea; (
b) r
estri
ctio
ns o
n fo
reig
n co
untry
-lice
nsed
la
wye
rs o
r for
eign
law
firm
s en
terin
g in
to p
artn
ersh
ips,
com
mer
cial
ass
ocia
tions
, aff
iliat
ions
, or a
ny o
ther
typ
e of
rela
tions
hip
rega
rdle
ss o
f leg
al fo
rm, w
ith b
yeon
-ho-
sa (K
orea
n-lic
ense
d la
wye
rs),
Kor
ean
law
firm
s, be
op-m
u-sa
(K
orea
n ju
dici
al s
criv
ener
s), b
yeon
-ri-s
a (K
orea
n pa
tent
atto
rney
s), g
ong-
in-h
oe-g
e-sa
(ce
rtifie
d pu
blic
acc
ount
ants
), se
-mu-
sa
(Kor
ean
certi
fied
tax
acco
unta
nts)
or
gwan
-se-
sa (
Kor
ean
cust
oms
brok
ers)
; (c)
res
trict
ions
on
fore
ign
coun
try-li
cens
ed la
wye
rs o
r fo
reig
n la
w f
irms
hirin
g by
eon-
ho-s
a (K
orea
n-lic
ense
d la
wye
rs),
beop
-mu-
sa (K
orea
n ju
dici
al s
criv
ener
s), b
yeon
-ri-s
a (K
orea
n pa
tent
atto
rney
s), g
ong-
in-h
oe-g
e-sa
(cer
tifie
d pu
blic
acc
ount
ants
), se
-mu-
sa (K
orea
n ce
rtifie
d ta
x ac
coun
tant
s) o
r gw
an-s
e-sa
(Kor
ean
cust
oms b
roke
rs);
and
(d) r
estri
ctio
n on
seni
or m
anag
emen
t and
the
boar
d of
dire
ctor
s of l
egal
ent
ities
supp
lyin
g fo
reig
n le
gal c
onsu
lting
serv
ices
, in
clud
ing
with
resp
ect t
o th
e ch
airm
an, n
otw
ithst
andi
ng th
e pr
ovis
ion
of th
e fo
otno
tes 1
5 an
d 24
in C
hapt
er S
even
.
211
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(iii)
No
late
r tha
n th
e da
te th
is A
gree
men
t ent
ers
into
forc
e, K
orea
shal
l allo
w la
w fi
rms o
f the
Uni
ted
Kin
gdom
to e
stab
lish,
subj
ect t
oce
rtain
requ
irem
ents
con
sist
ent w
ith th
isA
gree
men
t, jo
int v
entu
re fi
rms w
ith K
orea
nla
w fi
rms.
Kor
ea m
ay im
pose
rest
rictio
ns o
nth
e pr
opor
tion
of v
otin
g sh
ares
or e
quity
inte
rest
s of t
he jo
int v
entu
re fi
rms.
For
grea
ter c
erta
inty
, suc
h jo
int v
entu
re fi
rms
may
, sub
ject
to c
erta
in re
quire
men
ts, e
mpl
oyK
orea
n-lic
ense
d la
wye
rs a
s par
tner
s or
asso
ciat
es.
4)U
nbou
nd, e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n. T
he m
ovem
ent o
f nat
ural
pers
ons i
s onl
y al
low
ed in
rela
tion
to a
com
mer
cial
pre
senc
e.
Onl
y le
gal a
dvis
ory
serv
ices
on
the
law
s of t
he
juris
dict
ion
in w
hich
fore
ign
law
yers
are
lice
nsed
an
d pu
blic
inte
rnat
iona
l law
is p
erm
itted
.
4)U
nbou
nd, e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n.
212
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
The
follo
win
g in
form
atio
n is
pro
vide
d fo
r tra
nspa
renc
y pu
rpos
es o
nly:
1.A
fore
ign
law
yer w
ho w
ishe
s to
prac
tice
law
as
Fore
ign
Lega
l Con
sulta
nt (F
LC) i
n K
orea
mus
t be
appr
oved
by
the
Min
iste
r of J
ustic
e, m
ust r
egis
ter w
ith th
e K
orea
n B
arA
ssoc
iatio
n, m
ust h
ave
prac
tised
law
for a
t lea
st 3
yea
rs in
the
juris
dict
ion
whe
re h
e or
she
is q
ualif
ied
as a
law
yer,
and
mus
t be
in g
ood
stan
ding
of t
he le
gal p
rofe
ssio
n in
the
juris
dict
ion.
2.Pe
rmis
sion
of t
he M
inis
ter o
f Jus
tice
and
regi
stra
tion
with
the
Kor
ean
Bar
Ass
ocia
tion
are
requ
ired
for t
he e
stab
lishm
ent o
f a re
pres
enta
tive
offic
e in
Kor
ea.
The
repr
esen
tativ
e of
fice
cons
ists
of a
FLC
or F
LCs a
ppro
ved
by th
e M
inis
ter o
f Jus
tice.
It m
ust h
ave
cred
ibili
ty a
nd e
xper
tise,
and
suff
icie
nt c
apab
ility
to c
ompe
nsat
e fo
rda
mag
es c
ause
d to
clie
nts,
if an
y. T
he c
hief
of t
he re
pres
enta
tive
offic
e m
ust h
ave
prac
tised
law
for a
t lea
st 7
yea
rs, i
nclu
ding
3 y
ears
in th
e ju
risdi
ctio
n of
his
or h
erqu
alifi
catio
n.
3.A
repr
esen
tativ
e of
fice
can
cond
uct p
rofit
-mak
ing
activ
ities
pro
vide
d th
at su
ch p
rese
nce
in K
orea
mai
ntai
ns p
rope
r bus
ines
s pla
ns a
nd fi
nanc
ial b
ases
.
4.Fo
r pur
pose
s of t
he c
omm
itmen
t in
this
sect
or, o
nly
a la
w fi
rm w
hich
is o
rgan
ised
und
er th
e re
leva
nt la
w o
f the
Uni
ted
Kin
gdom
and
hea
dqua
rtere
d in
the
Uni
ted
Kin
gdom
can
esta
blis
h its
repr
esen
tativ
e of
fice
in K
orea
. A
ny ty
pe o
f sub
ordi
nate
or d
epen
dent
lega
l ent
ity, i
nclu
ding
but
not
lim
ited
to a
bra
nch,
a lo
cal o
ffice
, a su
bsid
iary
or a
join
t-ven
ture
firm
of t
he la
w fi
rm o
f a c
ount
ry th
at is
not
the
Uni
ted
Kin
gdom
, sha
ll no
t be
perm
itted
to e
stab
lish
its re
pres
enta
tive
offic
e in
Kor
ea.
5.A
For
eign
Leg
al C
onsu
ltant
is re
quire
d to
stay
in K
orea
not
less
than
180
day
s a y
ear.
213
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
b.A
ccou
ntin
g, a
uditi
ng a
ndbo
ok-k
eepi
ng se
rvic
es(C
PC 8
62)
1)2)
3) (a
) Onl
y a
gae-
in-s
a-m
u-so
(sol
epr
oprie
tors
hip)
, a g
am-s
a-ba
n (a
uditi
ng ta
sk fo
rce)
or a
hoe-
gye-
boep
-in (a
ccou
ntin
g co
rpor
atio
n lim
ited
liabi
lity
com
pany
) est
ablis
hed
in K
orea
by
a go
ng-in
-ho
e-gy
e-sa
(Kor
ean-
certi
fied
publ
ic a
ccou
ntan
t)re
gist
ered
und
er th
e C
ertif
ied
Publ
ic A
ccou
ntan
t Act
may
supp
ly a
ccou
ntin
g an
d au
ditin
g se
rvic
es.
For
grea
ter c
erta
inty
, a p
erso
n th
at is
not
a K
orea
n-re
gist
ered
cer
tifie
d pu
blic
acc
ount
ant i
s not
per
mitt
edto
inve
st in
any
of t
hese
type
s of l
egal
ent
ity.
Onl
y a
gong
-in-h
oe-g
ye-s
a (K
orea
n-ce
rtifie
d pu
blic
ac
coun
tant
) in
an a
uditi
ng ta
sk fo
rce
or a
n ac
coun
ting
corp
orat
ion
may
supp
ly a
uditi
ng se
rvic
es re
gula
ted
unde
r the
Ext
erna
l Aud
it of
Sto
ck C
ompa
nies
Act
.
(b)
Unb
ound
for a
ccou
ntin
g an
d au
ditin
g se
rvic
esot
her t
han
acco
untin
g an
d au
ditin
g se
rvic
es p
erm
itted
to p
rovi
de in
(a)8 ,
exce
pt fo
r the
follo
win
gs:
(i)N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
s int
ofo
rce,
Kor
ea sh
all a
llow,
subj
ect t
o ce
rtain
re
quire
men
ts c
onsi
sten
t with
this
Agr
eem
ent:
a)C
ertif
ied
publ
ic a
ccou
ntan
ts o
f the
Uni
ted
Kin
gdom
regi
ster
ed in
the
Uni
ted
Kin
gdom
or
acco
untin
g co
rpor
atio
ns o
rgan
ised
und
er th
e la
wof
the
Uni
ted
Kin
gdom
to su
pply
acc
ount
ing
cons
ultin
g se
rvic
es re
gard
ing
the
acco
untin
g la
ws
of th
e ju
risdi
ctio
n in
whi
ch th
ey a
re re
gist
ered
or
inte
rnat
iona
l acc
ount
ing
law
s and
stan
dard
sth
roug
h of
fices
est
ablis
hed
in K
orea
; and
1)2)
3) T
he sa
me
limita
tions
as s
peci
fied
in (b
) of
MA
colu
mn
appl
y.1)
2)3)
A K
orea
n ac
coun
ting
firm
or o
ffice
may
, by
payi
ngan
ann
ual m
embe
rshi
p fe
e,ac
quire
mem
bers
hip
toin
tern
atio
nal a
ccou
ntin
gor
gani
satio
ns w
hich
hav
ew
orld
-wid
e bu
sine
ssne
twor
ks.
The
follo
win
g se
rvic
es m
ay
be su
pplie
d to
a K
orea
n ac
coun
ting
firm
or o
ffice
th
roug
h a
mem
bers
hip
cont
ract
: (i)
Con
sulta
ncy
for f
orei
gnac
coun
ting
stan
dard
s and
audi
ting;
(ii)
Trai
ning
of C
PAs;
(iii)
Tran
sfer
of a
uditi
ngte
chno
logy
; and
(iv) E
xcha
nge
of in
form
atio
n.
8 Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re, i
nclu
ding
but
not
lim
ited
to (a
) res
trict
ions
on
certi
fied
publ
ic a
ccou
ntan
ts o
r acc
ount
ing
corp
orat
ions
regi
ster
ed u
nder
fo
reig
n la
ws
hirin
g go
ng-in
-hoe
-gye
-sa
(Kor
ean-
certi
fied
publ
ic a
ccou
ntan
ts);
(b)
rest
rictio
ns o
n fo
reig
n-ce
rtifie
d pu
blic
acc
ount
ants
pro
vidi
ng a
uditi
ng s
ervi
ces
in K
orea
; and
(c)
re
stric
tions
on
seni
or m
anag
emen
t and
the
boar
d of
dire
ctor
s of l
egal
ent
ities
supp
lyin
g ce
rtifie
d pu
blic
acc
ount
ancy
serv
ices
, inc
ludi
ng w
ith re
spec
t to
the
chai
rman
, not
with
stan
ding
th
e pr
ovis
ion
of th
e fo
otno
tes 1
5 an
d 24
in C
hapt
er S
even
.
214
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
b)C
ertif
ied
publ
ic a
ccou
ntan
ts o
f the
Uni
ted
Kin
gdom
regi
ster
ed in
the
Uni
ted
Kin
gdom
tow
ork
in h
oe-g
ye-b
eop-
in (K
orea
n ac
coun
ting
corp
orat
ions
).
(ii)N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
s int
ofo
rce,
Kor
ea sh
all a
llow
cer
tifie
d pu
blic
acc
ount
ants
of th
e U
nite
d K
ingd
om re
gist
ered
in th
e U
nite
dK
ingd
om to
inve
st in
any
hoe
-gye
-beo
p-in
(Kor
ean
acco
untin
g co
rpor
atio
n), s
ubje
ct to
cer
tain
requ
irem
ents
con
sist
ent w
ith th
is A
gree
men
t,pr
ovid
ed th
at:
a)go
ng-in
-hoe
-gye
-sa
(Kor
ean
regi
ster
ed c
ertif
ied
publ
ic a
ccou
ntan
ts) s
hall
own
mor
e th
an 5
0pe
rcen
t of t
he v
otin
g sh
ares
or e
quity
inte
rest
s of
the
hoe-
gye-
beop
-in; a
nd
b)an
y si
ngle
cer
tifie
d pu
blic
acc
ount
ant o
f the
Uni
ted
Kin
gdom
regi
ster
ed in
the
Uni
ted
Kin
gdom
ow
ns le
ss th
an 1
0 pe
rcen
t of t
he v
otin
gsh
ares
or e
quity
inte
rest
s of t
he h
oe-g
ye-b
eop-
in.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
4)Te
mpo
rary
mov
emen
t of
natu
ral p
erso
ns w
ho a
rere
gist
ered
as C
PAs u
nder
thei
r hom
e co
untry
's la
ws a
ndar
e em
ploy
ed b
y in
tern
atio
nal
acco
untin
g fir
ms f
or th
epu
rpos
e of
supp
lyin
g th
ese
rvic
es m
entio
ned
abov
e is
allo
wed
.
Entry
and
stay
of t
hese
pe
rson
s is l
imite
d to
a o
ne-
year
per
iod
that
may
be
exte
nded
if e
xten
sion
is
deem
ed to
be
nece
ssar
y.
215
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
c.Ta
xatio
n se
rvic
es(C
PC 8
63)
1)2)
3) (a
) Onl
y a
se-m
u-sa
-mu-
so (s
ole
prop
rieto
rshi
p), a
se-m
u-jo
-jeon
g-ba
n (ta
xre
conc
iliat
ion
task
forc
e) o
r a se
-mu-
beop
-in (t
axag
ency
cor
pora
tion
limite
d lia
bilit
y co
mpa
ny)
esta
blis
hed
in K
orea
by
a se
-mu-
sa (K
orea
n-ce
rtifie
dta
x ac
coun
tant
) reg
iste
red
unde
r the
Cer
tifie
d Ta
xAc
coun
tant
Act
may
supp
ly se
-mu-
sa (K
orea
n-ce
rtifie
dta
x ac
coun
tant
) ser
vice
s, in
clud
ing
tax
reco
ncili
atio
nse
rvic
es a
nd ta
x re
pres
enta
tive
serv
ices
. Fo
r gre
ater
certa
inty
, a p
erso
n th
at is
not
a K
orea
n-re
gist
ered
certi
fied
tax
acco
unta
nt m
ay n
ot in
vest
in a
ny o
f the
sety
pes o
f leg
al e
ntity
.
Onl
y a
se-m
u-jo
-jeon
g-ba
n (ta
x re
conc
iliat
ion
task
fo
rce)
or a
se-m
u-be
op-in
(tax
age
ncy
corp
orat
ion
limite
d lia
bilit
y co
mpa
ny) m
ay su
pply
tax
reco
ncili
atio
n se
rvic
es.
(b)U
nbou
nd fo
r tax
atio
n se
rvic
es o
ther
than
taxa
tion
serv
ices
per
mitt
ed to
pro
vide
in (a
)9 , ex
cept
for t
hefo
llow
ings
:
(i)N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
s in
tofo
rce,
Kor
ea sh
all a
llow,
subj
ect t
o ce
rtain
requ
irem
ents
con
sist
ent w
ith th
is A
gree
men
t:
a)th
e es
tabl
ishm
ent o
f offi
ces i
n K
orea
by
certi
fied
tax
acco
unta
nts o
f the
Uni
ted
Kin
gdom
regi
ster
ed in
the
Uni
ted
Kin
gdom
or t
ax a
genc
yco
rpor
atio
ns
1)2)
3) th
e sa
me
limita
tions
as s
peci
fied
in (b
) of M
A co
lum
n ap
ply.
9 Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re, i
nclu
ding
but
not
lim
ited
to (a
) res
trict
ions
on
certi
fied
tax
acco
unta
nts o
r tax
age
ncy
corp
orat
ions
regi
ster
ed u
nder
fore
ign
law
s hiri
ng se
-mu-
sa (K
orea
n-ce
rtifie
d ta
x ac
coun
tant
s) o
r gon
g-in
-hoe
-gye
-sa
(Kor
ean-
certi
fied
publ
ic a
ccou
ntan
ts);
(b) r
estri
ctio
ns o
n fo
reig
n-ce
rtifie
d ta
x ac
coun
tant
s pro
vidi
ng ta
x re
conc
iliat
ion
serv
ices
and
tax
repr
esen
tativ
e se
rvic
es in
Kor
ea; a
nd (c
) res
trict
ions
on
seni
or m
anag
emen
t and
the b
oard
of d
irect
ors o
f leg
al e
ntiti
es su
pply
ing
certi
fied
tax
acco
unta
ncy
serv
ices
, inc
ludi
ng w
ith re
spec
t to
the
chai
rman
, not
with
stan
ding
the
prov
isio
n of
the
foot
note
s 15
and
24 in
Cha
pter
Sev
en.
216
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
orga
nise
d un
der t
he la
ws o
f the
Uni
ted
Kin
gdom
to
pro
vide
tax
cons
ultin
g se
rvic
es w
ith re
spec
t to
the
tax
law
s of t
he ju
risdi
ctio
n in
whi
ch th
ey a
re
regi
ster
ed o
r int
erna
tiona
l tax
law
s and
taxa
tion
syst
ems;
and
b)C
ertif
ied
tax
acco
unta
nts o
f the
Uni
ted
Kin
gdom
regi
ster
ed in
the
Uni
ted
Kin
gdom
tow
ork
in se
-mu-
beop
-in (K
orea
n ta
x ag
ency
corp
orat
ions
).
(ii)N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
s int
ofo
rce,
Kor
ea sh
all a
llow
cer
tifie
d ta
x ac
coun
tant
s of
the
Uni
ted
Kin
gdom
regi
ster
ed in
the
Uni
ted
Kin
gdom
to in
vest
in a
ny se
-mu-
beop
-in (K
orea
nta
x ag
ency
cor
pora
tion)
, sub
ject
to c
erta
inre
quire
men
ts c
onsi
sten
t with
this
Agr
eem
ent,
prov
ided
that
:
a)se
-mu-
sa (K
orea
n-ce
rtifie
d ta
x ac
coun
tant
s)sh
all o
wn
mor
e th
an 5
0 pe
rcen
t of t
he v
otin
gsh
ares
or e
quity
inte
rest
s of t
he se
-mu-
beop
-in;
and
b)an
y si
ngle
cer
tifie
d ta
x ac
coun
tant
of t
heU
nite
d K
ingd
om re
gist
ered
in th
e U
nite
dK
ingd
om o
wns
less
than
10
perc
ent o
f the
vot
ing
shar
es o
r equ
ity in
tere
sts o
f the
se-m
u-be
op-in
.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
217
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
d.A
rchi
tect
ural
serv
ices
(CPC
867
1)1)
Com
mer
cial
pre
senc
e10 is
requ
ired.
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)2)
4) S
uppl
y of
serv
ices
by
fore
ign
arch
itect
s thr
ough
join
t con
tract
s with
arc
hite
cts
licen
sed
unde
r Kor
ean
law
isal
low
ed.
Fore
ign
arch
itect
s lic
ense
d un
der t
heir
hom
e co
untry
's la
w m
ay a
cqui
re a
Kor
ean
arch
itect
lice
nse
by p
assi
ng a
si
mpl
ified
exa
min
atio
n w
hich
co
vers
onl
y tw
o of
the
regu
lar
test
's si
x su
bjec
ts:
(i)A
rchi
tect
ural
Law
s and
Reg
ulat
ions
; and
(ii)
Arc
hite
ctur
al D
esig
n.e.
Engi
neer
ing
serv
ices
(CPC
867
2)1)
Non
e2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
f.In
tegr
ated
eng
inee
ring
serv
ices
(CPC
867
3)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
g.U
rban
pla
nnin
g an
dla
ndsc
ape
Arc
hite
ctur
al se
rvic
es(C
PC 8
674)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
10 C
omm
erci
al p
rese
nce
need
not
be
a ju
ridic
al p
erso
n.
218
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
i.Ve
terin
ary
serv
ices
(CPC
932
)in
clud
ing
acqu
atic
ani
mal
dise
ase
insp
ecto
r
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
B.
Com
pute
r and
Rel
ated
Serv
ices
a.C
onsu
ltanc
y se
rvic
esre
late
d to
the
inst
alla
tion
ofco
mpu
ter h
ardw
are
(CPC
841
)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
b.So
ftwar
e im
plem
enta
tion
serv
ices
(CPC
842
)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
c.D
ata
proc
essi
ng se
rvic
es(C
PC 8
43)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
d.D
ata
base
serv
ices
(CPC
844
)1)
Non
e2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
219
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
e.O
ther
(CPC
845
, 849
)1)
Non
e2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
C.
Res
earc
h an
d D
evel
opm
ent
Serv
ices
a.R
esea
rch
and
deve
lopm
ent
serv
ices
on
natu
ral s
cien
ces
(CPC
851
)
1)N
one
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)Fo
r mar
ine
scie
ntifi
c re
sear
ch, a
fore
ign
pers
on,
a fo
reig
n go
vern
men
t, or
a K
orea
n en
terp
rise
owne
d or
con
trolle
d by
a fo
reig
n pe
rson
that
inte
nds t
o co
nduc
t mar
ine
scie
ntifi
c re
sear
ch in
the
terr
itoria
l wat
ers o
r exc
lusi
ve e
cono
mic
zon
eof
Kor
ea m
ust o
btai
n pr
ior a
utho
risat
ion
orco
nsen
t fro
m th
e M
inis
try o
f Oce
ans a
ndFi
sher
ies.
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
b.R
esea
rch
and
deve
lopm
ent
serv
ices
on
soci
al sc
ienc
esan
d hu
man
ities
(CPC
852
)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
c.In
terd
isci
plin
ary
rese
arch
and
deve
lopm
ent s
ervi
ces
(CPC
853
)
1)N
one
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
220
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
D.
Rea
l Est
ate
Serv
ices
Bro
kera
ge se
rvic
es
(CPC
822
03**
, 822
04**
, 82
205*
*, 8
2206
**)
1)C
omm
erci
al p
rese
nce
is re
quire
d.2)
Non
e fo
r rea
l est
ate
loca
ted
abro
ad3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
for r
eal e
stat
e lo
cate
d ab
road
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
App
rais
al se
rvic
es
(CPC
822
01**
, 822
02**
) ex
clud
ing
appr
aisa
l se
rvic
es re
late
d to
serv
ices
su
pplie
d in
the
exer
cise
of
gove
rnm
enta
l aut
horit
ies
such
as a
sses
smen
t of l
and
pric
es a
nd c
ompe
nsat
ion
for e
xpro
pria
tion
1)C
omm
erci
al p
rese
nce
is re
quire
d.2)
Non
e fo
r rea
l est
ate
loca
ted
abro
ad3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
for r
eal e
stat
e lo
cate
d ab
road
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
E.R
enta
l/Lea
sing
Ser
vice
sw
ithou
t Ope
rato
rs
a.R
elat
ing
to sh
ips
(CPC
831
03)
1)N
one
2)N
one
3)U
nbou
nd fo
r the
est
ablis
hmen
t of a
regi
ster
edco
mpa
ny fo
r the
pur
pose
of o
pera
ting
a fle
etun
der t
he n
atio
nal f
lag
of K
orea
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)U
nbou
nd fo
r the
est
ablis
hmen
t of a
regi
ster
edco
mpa
ny fo
r the
pur
pose
of o
pera
ting
a fle
etun
der t
he n
atio
nal f
lag
of K
orea
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
b.R
elat
ing
to a
ircra
ft(C
PC 8
3104
)1)
Unb
ound
2)U
nbou
nd3)
Join
t ven
ture
in w
hich
fore
ign
equi
ty p
artic
ipat
ion
is le
ss th
an 5
0 pe
rcen
t is p
erm
itted
.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)R
epre
sent
ativ
es o
f joi
nt v
entu
re c
ompa
nies
mus
t be
Kor
ean
natio
nals
.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
221
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
c.R
elat
ing
to o
ther
tran
spor
teq
uipm
ent
(CPC
831
01, 8
3105
**)11
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
d.R
elat
ing
to o
ther
mac
hine
ry
and
equi
pmen
t (C
PC 8
3106
-831
09)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
e.O
ther
Leas
ing
or re
ntal
serv
ices
conc
erni
ng p
erso
nal o
rho
useh
old
good
s(C
PC 8
32)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
F.O
ther
Bus
ines
s Ser
vice
s
a. A
dver
tisin
g se
rvic
es(C
PC 8
71)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
b.M
arke
t res
earc
h an
d pu
blic
opin
ion
polli
ng se
rvic
es(C
PC 8
64)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
11 8
3105
**: O
nly
pass
enge
r veh
icle
s for
less
than
15
pass
enge
rs u
nder
CPC
831
05.
222
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
c. M
anag
emen
t con
sulti
ng
se
rvic
es
(C
PC 8
65)
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
d. P
roje
ct m
anag
emen
t and
othe
r man
agem
ent s
ervi
ces
(CPC
866
01, 8
6609
)
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
e. C
ompo
sitio
n an
d pu
rity
test
ing
and
anal
ysis
serv
ices
(CPC
867
61**
)12
1)
Non
e 2)
N
one
3)
Esta
blis
hmen
t of a
com
mer
cial
pre
senc
e is
subj
ect
to a
n ec
onom
ic n
eeds
test
. M
ain
Crit
eria
: the
num
ber o
f and
impa
ct o
n ex
istin
g do
mes
tic su
pplie
rs, p
rote
ctio
n of
pub
lic
heal
th, s
afet
y, a
nd th
e en
viro
nmen
t.
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Test
ing
and
anal
ysis
serv
ices
of
phy
sica
l pro
perti
es
(CPC
867
62)
1)
Com
mer
cial
pre
senc
e is
requ
ired.
2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Te
chni
cal i
nspe
ctio
n
se
rvic
es
(C
PC 8
6764
)
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
12 8
6761
: Onl
y in
spec
tion,
test
ing
and
anal
ysis
serv
ices
of a
ir, w
ater
, noi
se le
vel a
nd v
ibra
tion
leve
l und
er C
PC 8
6761
.
223
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Test
ing
and
anal
ysis
se
rvic
es o
f int
egra
ted
mec
hani
cal a
nd e
lect
rical
sy
stem
s (C
PC 8
6763
**, 8
6769
**)13
1)U
nbou
nd2)
Unb
ound
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
f.C
onsu
lting
serv
ices
rela
ted
to a
gric
ultu
re a
nd a
nim
alhu
sban
dry
(CPC
881
1**,
881
2**)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Poul
try d
iffer
entia
tion
serv
ices
(C
PC 8
812*
*)
1)N
one
2)N
one
3)N
one
4) U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Serv
ices
inci
dent
al to
fo
rest
ry e
xclu
ding
aer
ial f
ire
fight
ing
and
disi
nfec
tion
(CPC
881
4**)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
g.C
onsu
lting
serv
ices
rela
ted
to fi
shin
g(C
PC 8
82**
)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
13 8
6763
, 867
69: O
nly
test
ing
and
anal
ysis
serv
ices
of e
lect
rical
pro
duct
s und
er C
PC 8
6763
, 867
69.
224
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
h. S
ervi
ces i
ncid
enta
l to
min
ing
(CPC
883
)
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
i. Se
rvic
es in
cide
ntal
to
man
ufac
turin
g : o
nly
cons
ultin
g se
rvic
es re
late
d to
man
ufac
turin
g te
chno
logi
es o
f new
pr
oduc
ts
(C
PC 8
84**
and
885
**
excl
udin
g 88
411,
884
50,
8844
2, a
nd 8
8493
)
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e
2)
Non
e
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
k. P
lace
men
t ser
vice
s of
pers
onne
l
(CPC
872
01**
, 872
02**
)
exc
ludi
ng p
lace
men
t se
rvic
es fo
r sea
fare
rs u
nder
th
e Se
afar
ers’
Act
1)
Non
e
2)
Non
e
3)
For
eign
serv
ice
supp
liers
may
supp
ly se
rvic
es
only
in th
e fo
rm o
f a c
orpo
ratio
n un
der t
he
Com
mer
cial
Act
. 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Not
es o
n pl
acem
ent s
ervi
ces o
f per
sonn
el fo
r tra
nspa
renc
y pu
rpos
es:
1.
The
corp
orat
ions
shal
l fol
low
the
rule
s for
serv
ice
fees
det
erm
ined
and
ann
ounc
ed b
y th
e M
inis
ter o
f Em
ploy
men
t and
Lab
or.
2.
The
corp
orat
ions
shal
l be
esta
blis
hed
with
a p
aid-
in c
apita
l of 5
0 m
illio
n w
on o
r mor
e. I
f sup
plie
rs w
ish
to in
stal
l add
ition
al b
ranc
h of
fices
, the
tota
l pai
d-in
cap
ital s
hall
incr
ease
by
20 m
illio
n w
on fo
r eac
h br
anch
offi
ce a
dditi
onal
ly in
stal
led.
225
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
l.In
vest
igat
ion
and
secu
rity
serv
ices
(CPC
873
)1)
Unb
ound
2)N
one
3)O
nly
a ju
ridic
al p
erso
n or
gani
sed
unde
r Kor
ean
law
may
sup
ply
secu
rity
serv
ices
in K
orea
.Fo
r tra
nspa
renc
y pu
rpos
es, o
nly
five
type
s of
secu
rity
serv
ices
are
per
mitt
ed in
Kor
ea:
(a)s
hi-s
eol-g
yung
-bee
(fac
ility
secu
rity)
;(b
)ho-
song
-gyu
ng-b
ee (e
scor
t sec
urity
);(c
)shi
n-by
un-b
o-ho
(per
sona
l sec
urity
);(d
)gee
-gye
-gyu
ng-b
ee (m
echa
nize
d se
curit
y); a
nd(e
)teu
k-so
o-gy
ung-
bee
(spe
cial
secu
rity)
.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Non
e
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
m.R
elat
ed sc
ient
ific
and
tech
nica
l co
nsul
ting se
rvic
es
Geo
logi
cal,
geop
hysi
cal
and
othe
r sci
entif
ic
pros
pect
ing
serv
ices
(C
PC 8
6751
)
Subs
urfa
ce su
rvey
ing
serv
ices
(CPC
867
52)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Surf
ace
surv
eyin
g se
rvic
es
(CPC
867
53**
) ex
clud
ing
serv
ices
rela
ted
to c
adas
tral s
urve
y
1)C
omm
erci
al p
rese
nce
is re
quire
d.2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
226
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Map
-mak
ing
serv
ices
(C
PC 8
6754
**)
excl
udin
g se
rvic
es re
late
d to
cad
astra
l map
1)C
omm
erci
al p
rese
nce
is re
quire
d.2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
n.M
aint
enan
ce a
nd re
pair
ofeq
uipm
ent
(CPC
633
, 886
1, 8
862,
8863
, 886
4, 8
865,
886
6)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
o.B
uild
ing-
clea
ning
serv
ices
(CPC
874
**, e
xclu
ding
8740
9)
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
p.Ph
otog
raph
ic se
rvic
es(C
PC 8
75)
1)U
nbou
nd2)
Unb
ound
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
q.Pa
ckag
ing
serv
ices
(CPC
876
)1)
Non
e2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
227
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
r. 1)
Prin
ting
(C
PC 8
8442
**)14
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
r. 2)
Pub
lishi
ng
(C
PC 8
8442
**)
ex
clud
ing
publ
ishi
ng
serv
ices
of n
ewsp
aper
s and
pe
riodi
cals
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Unb
ound
4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
s. C
onve
ntio
n
se
rvic
es
(C
PC 8
7909
**)
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
St
enog
raph
y se
rvic
es
(C
PC 8
7909
**)
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
t. Tr
ansl
atio
n an
d
in
terp
reta
tion
serv
ices
(CPC
879
05)
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Spec
ialty
des
ign
serv
ices
(C
PC 8
7907
)
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
14 8
8442
: Scr
een
prin
ting,
gra
vure
prin
ting
and
serv
ices
rela
ted
to p
rintin
g un
der C
PC 8
8442
.
228
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
2.C
OM
MU
NIC
ATIO
NSE
RVIC
ES
B.C
ourie
r Ser
vice
Cou
rier S
ervi
ces i
nclu
ding
ex
pres
s del
iver
y se
rvic
es15
(C
PC 7
512*
*)
Excl
udin
g th
e se
rvic
es to
co
llect
, pro
cess
, and
del
iver
le
tters
for w
hich
exc
lusi
ve
right
s16 a
re re
serv
ed fo
r the
K
orea
n Po
stal
Aut
horit
y (K
PA) u
nder
the
Post
al
Serv
ice
Act.17
The
excl
usiv
e rig
hts o
f the
K
PA in
clud
e th
e rig
ht o
f ac
cess
to it
s pos
tal n
etw
ork
and
oper
atio
n th
ereo
f.
1)Pr
ovis
ion
of se
rvic
es is
lim
ited
to a
ir an
d se
atra
nspo
rt m
odes
.2)
Non
e3)
A tru
ckin
g bu
sine
ss li
cens
e fo
r dom
estic
cou
rier
supp
ly is
subj
ect t
o an
eco
nom
ic n
eeds
test
.Fo
r gre
ater
cer
tain
ty, a
per
son
acqu
iring
an
exis
ting
dom
estic
cou
rier s
ervi
ces s
uppl
ier d
oes
not n
eed
to o
btai
n a
new
truc
king
bus
ines
s lic
ense
prov
ided
that
the
acqu
irer o
pera
tes u
nder
the
sam
e te
rms a
nd c
ondi
tions
as s
et o
ut in
the
acqu
iree’
s lic
ense
.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)Pr
ovis
ion
of se
rvic
es is
lim
ited
to a
ir an
d se
atra
nspo
rt m
odes
.2)
Non
e3)
Non
e
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
15 “
Expr
ess d
eliv
ery
serv
ices
” m
eans
the
colle
ctio
n, tr
ansp
ort,
and
deliv
ery
of d
ocum
ents
, prin
ted
mat
ter,
parc
els,
good
s, or
oth
er it
ems o
n an
exp
edite
d ba
sis w
hile
trac
king
and
m
aint
aini
ng c
ontro
l of t
hese
item
s thr
ough
out t
he su
pply
of t
he se
rvic
e.
16 F
or g
reat
er c
erta
inty
, Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re w
ith re
spec
t to:
(a
)the
supp
ly o
f sup
port
serv
ices
to p
osta
l offi
ces b
y m
ilita
ry se
rvic
e pe
rson
nel o
r oth
er p
erso
nnel
of t
he e
quiv
alen
t sta
tus,
and
(b)t
he M
inis
ter o
f Sci
ence
and
ICT’
s det
erm
inat
ion
of th
e tot
al n
umbe
r of v
ehic
les t
hat m
ay b
elon
g to
the M
inis
try o
f Sci
ence
and
ICT
and
allo
catio
n of
the v
ehic
les t
o po
stal
off
ices
,no
t nee
ding
aut
horis
atio
n fr
om th
e M
inis
ter o
f Lan
d, In
fras
truct
ure
and
Tran
spor
t.17
How
ever
, Arti
cle
3 of
the
Enfo
rcem
ent D
ecre
e of
the
Post
al S
ervi
ce A
ct a
llow
s priv
ate
cour
iers
to o
pera
te c
omm
erci
al d
ocum
ent s
ervi
ces,
whi
ch in
clud
e a)
uns
eale
d fr
eigh
t-atta
ched
do
cum
ents
or d
ispa
tch
note
s, b)
trad
e-re
late
d do
cum
ents
, c) f
orei
gn c
apita
l or t
echn
olog
y-re
late
d do
cum
ents
, and
d) f
orei
gn e
xcha
nge
or it
s rel
ated
doc
umen
ts.
229
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
The
com
mitm
ent s
hall
not b
e co
nstru
ed to
incl
ude
the
right
to
ope
rate
tran
spor
t ser
vice
s un
der o
ne’s
ow
n re
spon
sibi
lity
for h
ire.
The
com
mitm
ent s
hall
not
incl
ude,
und
er a
ny
circ
umst
ance
, the
gra
nt o
f air
traffi
c rig
hts t
o co
urie
r op
erat
ors w
ith o
wn
Air
Ope
rato
r’s C
ertif
icat
e (A
OC
) an
d ai
rcra
ft fle
et.
230
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
C.T
elec
omm
unic
atio
nSe
rvic
es
a.Vo
ice
tele
phon
e se
rvic
esb.
Pack
et-s
witc
hed
data
trans
mis
sion
serv
ices
c.C
ircui
t-sw
itche
d da
tatra
nsm
issi
on se
rvic
esd.
Tele
x se
rvic
ese.
Tele
grap
h se
rvic
esf.
Facs
imile
serv
ices
g.Pr
ivat
e le
ased
circ
uit
serv
ices
o.O
ther
Dig
ital c
ellu
lar s
ervi
ces
Pa
ging
serv
ices
PC
S (p
erso
nal
com
mun
icat
ions
serv
ices
) TR
S (tr
unke
d ra
dio
syst
em)
serv
ices
M
obile
dat
a se
rvic
es
IAS
(Int
erne
t acc
ess s
ervi
ces)
Vo
IP (V
oice
ove
r Int
erne
t pr
otoc
ol) s
ervi
ces c
onne
cted
to
the
PSTN
(pub
lic sw
itche
d te
leph
one
netw
ork)
1)Th
e pr
ovis
ion
of a
ll se
rvic
es is
subj
ect t
oco
mm
erci
al a
rran
gem
ents
with
lice
nsed
Kor
ean
serv
ice
supp
liers
.
No
late
r tha
n th
e da
te th
is A
gree
men
t ent
ers i
nto
forc
e, K
orea
shal
l per
mit
cros
s-bo
rder
supp
ly o
f te
levi
sion
and
radi
o si
gnal
s tra
nsm
issi
on se
rvic
es
thro
ugh
sate
llite
faci
litie
s18 w
ithou
t com
mer
cial
ar
rang
emen
ts.
2)N
one
3)A
licen
se fo
r fac
ilitie
s-ba
sed
publ
icte
leco
mm
unic
atio
ns se
rvic
es o
r a re
gist
ratio
n fo
rno
n-fa
cilit
ies b
ased
pub
lic te
leco
mm
unic
atio
nsse
rvic
es sh
all b
e gr
ante
d on
ly to
a ju
ridic
al p
erso
nor
gani
sed
unde
r Kor
ean
law.
A fo
reig
n go
vern
men
t or i
ts re
pres
enta
tive,
or a
fo
reig
n pe
rson
may
not
obt
ain
or h
old
a ra
dio
stat
ion
licen
se.
A lic
ense
for f
acili
ties-
base
d pu
blic
te
leco
mm
unic
atio
ns se
rvic
es s
hall
not b
e gr
ante
d to
or
hel
d by
a ju
ridic
al p
erso
n or
gani
sed
unde
r K
orea
n la
w in
whi
ch a
fore
ign
gove
rnm
ent,
fore
ign
pers
on, o
r dee
med
fore
ign
pers
on19
hol
ds in
the
aggr
egat
e m
ore
than
49
perc
ent o
f the
jurid
ical
pe
rson
’s to
tal v
otin
g sh
ares
.
1)N
one
2)N
one
3)N
one
18 T
hese
ser
vice
s ar
e de
fined
as
the
netw
ork
serv
ices
to c
onst
ruct
con
tribu
tion
links
bet
wee
n br
oadc
astin
g op
erat
ors
nece
ssar
y fo
r the
tran
smis
sion
of t
elev
isio
n or
radi
o si
gnal
s on
ly
by s
atel
lite.
The
refo
re, t
he se
rvic
es c
over
selli
ng u
se o
f sat
ellit
e fa
cilit
ies,
but d
o no
t inc
lude
the
selli
ng o
f tel
evis
ion
or ra
dio
prog
ram
me
pack
ages
via
sate
llite
to th
e ge
nera
l pub
lic.
The
serv
ices
do
not i
nclu
de d
omes
tic li
nks (
the
trans
mis
sion
of t
hose
sign
als f
rom
the
dom
estic
terr
itory
to th
e do
mes
tic te
rrito
ry b
y sa
telli
te).
19
“D
eem
ed fo
reig
n pe
rson
” m
eans
a ju
ridic
al p
erso
n or
gani
sed
unde
r Kor
ean
law
in w
hich
a fo
reig
n go
vern
men
t or
a fo
reig
n pe
rson
(inc
ludi
ng a
“sp
ecia
lly re
late
d pe
rson
” un
der
rele
vant
Kor
ean
law
) is
the
larg
est s
hare
hold
er a
nd h
olds
15
perc
ent o
r mor
e of
that
jurid
ical
per
son'
s to
tal v
otin
g sh
ares
, but
doe
s no
t inc
lude
a ju
ridic
al p
erso
n th
at h
olds
less
than
on
e pe
rcen
t of t
he to
tal v
otin
g sh
ares
of a
faci
litie
s-ba
sed
supp
lier o
f pub
lic te
leco
mm
unic
atio
ns se
rvic
es.
231
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
A
fore
ign
gove
rnm
ent,
a fo
reig
n pe
rson
, or a
de
emed
fore
ign
pers
on m
ay n
ot in
the
aggr
egat
e ho
ld m
ore
than
49
perc
ent o
f the
tota
l vot
ing
shar
es
of a
faci
litie
s-ba
sed
supp
lier o
f pub
lic
tele
com
mun
icat
ions
serv
ices
. A
fore
ign
gove
rnm
ent,
a fo
reig
n pe
rson
, or a
de
emed
fore
ign
pers
on m
ay n
ot b
e th
e la
rges
t sh
areh
olde
r of K
T C
orpo
ratio
n(K
T), e
xcep
t if i
t ho
lds l
ess t
han
5 pe
rcen
t of t
he to
tal v
otin
g sh
ares
of
KT.
N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
s int
o fo
rce,
Kor
ea sh
all p
erm
it:
(a) a
dee
med
fore
ign
pers
on to
hol
d up
to 1
00
perc
ent o
f the
tota
l vot
ing
shar
es o
f a fa
cilit
ies-
base
d su
pplie
r20 o
f pub
lic te
leco
mm
unic
atio
ns
serv
ices
org
anis
ed u
nder
Kor
ean
law,
oth
er th
an
KT
and
SK T
elec
om C
o., L
td.;
and
(b) a
faci
litie
s-ba
sed
supp
lier o
f pub
lic
tele
com
mun
icat
ions
serv
ices
org
anis
ed u
nder
K
orea
n la
w in
whi
ch a
dee
med
fore
ign
pers
on
hold
s up
to 1
00 p
erce
nt o
f its
tota
l vot
ing
shar
es
to o
btai
n or
hol
d a
licen
se fo
r fac
ilitie
s-ba
sed
publ
ic te
leco
mm
unic
atio
ns se
rvic
es.
4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
20 “
Faci
litie
s-ba
sed
supp
lier”
is a
sup
plie
r th
at o
wns
tran
smis
sion
fac
ilitie
s. “
Non
-faci
litie
s-ba
sed
supp
lier”
is a
sup
plie
r th
at d
oes
not o
wn
trans
mis
sion
fac
ilitie
s (b
ut m
ay o
wn
a sw
itch,
rout
er o
r mul
tiple
xer)
and
supp
lies i
ts p
ublic
tele
com
mun
icat
ions
serv
ices
thro
ugh
trans
mis
sion
faci
litie
s of a
lice
nsed
faci
litie
s-ba
sed
supp
lier.
“Tra
nsm
issi
on fa
cilit
ies”
mea
ns
wire
line
or w
irele
ss tr
ansm
issi
on fa
cilit
ies (
incl
udin
g ci
rcui
t fac
ilitie
s) th
at c
onne
ct tr
ansm
ittin
g po
ints
with
rece
ivin
g po
ints
.
232
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Valu
e-ad
ded
Serv
ices
21:
h. E
lect
roni
c m
ail
i. Vo
ice
mai
l j.
On-
line
info
rmat
ion
and
data
bas
e re
triev
al
k. E
lect
roni
c da
ta in
terc
hang
e l.
Enha
nced
/val
ue-a
dded
fa
csim
ile se
rvic
es in
clud
ing
stor
e an
d fo
rwar
d, st
ore
and
retri
eve
m. C
ode
and
prot
ocol
co
nver
sion
n.
On-
line
info
rmat
ion
and/
or
data
pro
cess
ing
(incl
udin
g tra
nsac
tion
proc
essi
ng)
o. O
ther
O
n-lin
e da
ta b
ase
and
rem
ote
com
putin
g se
rvic
es22
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Valu
e-ad
ded
serv
ice
prov
ider
s ar
e al
low
ed to
supp
ly d
ata
trans
miss
ion
serv
ices
23.
21 “
Val
ue-a
dded
ser
vice
s” m
eans
tele
com
mun
icat
ion
serv
ices
, whi
ch a
re p
rovi
ded
thro
ugh
tele
com
mun
icat
ions
net
wor
k fa
cilit
ies
leas
ed f
rom
fac
ilitie
s-ba
sed
supp
liers
, and
whi
ch
stor
e an
d fo
rwar
d, o
r pro
cess
and
forw
ard,
the
cust
omer
's in
form
atio
n.
22 O
n-lin
e da
ta b
ase
and
rem
ote
com
putin
g se
rvic
es d
o no
t cov
er te
leco
mm
unic
atio
n se
rvic
es w
hich
med
iate
third
par
ty c
omm
unic
atio
ns.
23 T
elec
omm
unic
atio
n se
rvic
es w
hich
tran
smit
and/
or e
xcha
nge
the
cust
omer
's da
ta w
ithou
t cha
nge
in th
e fo
rm o
r con
tent
(voi
ce te
leph
ony,
tele
x, fa
csim
ile se
rvic
es a
nd si
mpl
e re
sale
of
leas
ed c
ircui
ts a
re e
xclu
ded)
.
233
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Tele
com
mun
icat
ion
rela
ted
serv
ices
a.
Equi
pmen
t ren
tal s
ervi
ces
(CPC
754
1)b.
Who
lesa
le a
nd re
tail
trade
serv
ices
of
tele
com
mun
icat
ion
term
inal
equ
ipm
ent (
CPC
7542
**)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n.
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
3.C
ON
STR
UC
TIO
NSE
RVIC
ES(C
PC 5
11-5
18)
1)U
nbou
nd*
exce
pt fo
r CPC
511
12)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion.
1)U
nbou
nd*
exce
pt fo
r CPC
511
12)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion.
4.D
ISTR
IBU
TIO
NSE
RVIC
ES24
A.
Com
mis
sion
Age
nts'
Serv
ices
(CPC
621
, exc
ludi
ng62
111,
621
12 a
ndco
mm
issi
on a
gent
s'se
rvic
es o
f fut
ure
cont
ract
s)
1)U
nbou
nd fo
r pha
rmac
eutic
als a
nd m
edic
al g
oods
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
24 E
xclu
ding
the
follo
win
g se
rvic
es:
(a)t
rade
in fi
rear
ms,
swor
ds, a
nd e
xplo
sive
s;(b
)wor
ks o
f art
and
antiq
ues;
and
(c)t
he e
stab
lishm
ent a
nd o
pera
tion
of, a
nd d
istri
butio
n se
rvic
es a
t:(i)
publ
ic w
hole
sale
mar
kets
for a
gric
ultu
ral,
fishe
ry a
nd li
vest
ock
prod
ucts
, whi
ch a
re o
ffici
ally
des
igna
ted
by th
e lo
cal a
utho
ritie
s as p
ublic
who
lesa
le m
arke
ts;
(ii)
join
t who
lesa
le m
arke
ts w
hich
are
est
ablis
hed
and
oper
ated
by
prod
ucer
s' or
gani
satio
ns o
r pub
lic in
tere
st c
orpo
ratio
ns p
resc
ribed
in th
e Pr
esid
entia
l Dec
ree
of th
e Ac
ton
Dis
trib
utio
n an
d Pr
ice
Stab
iliza
tion
of A
gric
ultu
ral a
nd F
ishe
ry P
rodu
cts;
and
(iii)
lives
tock
mar
kets
whi
ch a
re e
stab
lishe
d an
d op
erat
ed b
y th
e Li
vest
ock
Coo
pera
tives
und
er th
e Ag
ricu
lture
and
Coo
pera
tive
Act.
For g
reat
er c
erta
inty
, Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re w
ith re
spec
t to
the
adm
inis
tratio
n of
the
WT
O T
ariff
-Rat
e-Q
uota
.
234
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
B.
Who
lesa
le T
rade
Ser
vice
s(C
PC 6
1111
, 622
**,
excl
udin
g gr
ain
in 6
2211
,62
223,
and
red
gins
eng)
25
1)U
nbou
nd fo
r pha
rmac
eutic
als,
med
ical
goo
ds,
func
tiona
l foo
ds, a
nd it
ems s
ubje
ct to
lim
itatio
nsun
der M
ode
32)
Non
e3)
Follo
win
g se
rvic
es a
re su
bjec
t to
an e
cono
mic
need
s tes
t:(a
)w
hole
sale
trad
e of
use
d ca
rs, a
nd(b
)w
hole
sale
trad
e of
gas
eous
fuel
s and
rela
ted
prod
ucts
.
Mai
n cr
iteria
: For
mat
ion
of re
ason
able
pric
es, t
he
num
ber o
f and
impa
ct o
n ex
istin
g su
pplie
rs fo
r ba
lanc
e of
dem
and
and
supp
ly, h
ealth
y de
velo
pmen
t of t
he in
dust
ry, a
nd e
stab
lishm
ent o
f or
derly
trad
e. In
add
ition
, pop
ulat
ion
dens
ity,
traff
ic, e
nviro
nmen
tal p
ollu
tion,
loca
l con
ditio
ns,
and
othe
r loc
al c
hara
cter
istic
s as w
ell a
s pub
lic
inte
rest
s.
A pe
rson
that
supp
lies a
lcoh
olic
bev
erag
es
who
lesa
le d
istri
butio
n se
rvic
es m
ust o
btai
n au
thor
isat
ion
from
the
head
of t
he re
leva
nt ta
x of
fice,
whi
ch is
subj
ect t
o an
eco
nom
ic n
eeds
test
.
The
Min
iste
r of H
ealth
and
Wel
fare
con
trol
s th
e su
pply
and
dem
and
of th
e w
hole
sale
di
stri
buti
on o
f im
port
ed d
esig
nate
d ha
n-ya
k-ja
e(A
sian
med
icin
al h
erbs
).
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
25 W
hole
sale
trad
e of
nat
ural
gas
is to
be
foun
d un
der “
All
Sect
ors
– G
as In
dust
ry”
in th
e Sc
hedu
le o
f Spe
cific
Com
mitm
ents
in E
stab
lishm
ent.
235
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
C.
Ret
ailin
g Se
rvic
es
(CPC
611
12, 6
1130
, 612
10,
613*
*(ex
clud
ing
reta
il tra
de
and
gas s
tatio
n bu
sine
ss
rela
ted
to L
PG),
631*
*(ex
clud
ing
toba
cco,
ric
e an
d re
d gi
nsen
g), 6
32)
1)
Unb
ound
for p
harm
aceu
tical
s, m
edic
al g
oods
, fu
nctio
nal f
oods
, and
item
s sub
ject
to li
mita
tions
un
der M
ode
3 2)
N
one
3)
Ret
ailin
g se
rvic
es fo
r use
d ca
rs a
nd g
aseo
us fu
els
are
subj
ect t
o an
eco
nom
ic n
eeds
test
.
Mai
n cr
iteria
: the
num
ber o
f and
impa
ct o
n ex
istin
g do
mes
tic su
pplie
rs, t
he p
opul
atio
n de
nsity
, tra
ffic,
env
ironm
enta
l pol
lutio
n, lo
cal
cond
ition
s, an
d ot
her l
ocal
cha
ract
eris
tics a
s wel
l as
pub
lic in
tere
sts.
Th
e sa
le o
f alc
ohol
ic b
ever
ages
by
tele
phon
e or
in
elec
troni
c co
mm
erce
is p
rohi
bite
d.
Onl
y a
natu
ral p
erso
n th
at is
a li
cens
ed a
n-gy
ung-
sa (o
ptic
ian
or o
ptom
etris
t) th
at h
as e
stab
lishe
d an
of
fice
in K
orea
may
eng
age
in o
ptic
ian
or
opto
met
ry se
rvic
es.
Onl
y a
licen
sed
an-g
yung
-sa
(opt
icia
n or
op
tom
etris
t) m
ay e
stab
lish
an o
ffice
for
oper
atio
ns, a
nd m
ay n
ot e
stab
lish
mor
e th
an o
ne
offic
e pe
r an
an-g
yung
-sa.
A
pers
on th
at su
pplie
s pha
rmac
eutic
al p
rodu
ct
reta
il di
strib
utio
n se
rvic
es (i
nclu
ding
dis
tribu
tion
of h
an-y
ak-ja
e (A
sian
med
icin
al h
erbs
)) m
ay n
ot
esta
blis
h m
ore
than
one
pha
rmac
y no
r est
ablis
h in
th
e fo
rm o
f a c
orpo
ratio
n.
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
236
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Ret
ail t
rade
and
gas
stat
ion
busi
ness
rela
ted
to L
PG
1)U
nbou
nd2)
Unb
ound
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
D.
Fran
chis
ing
(CPC
892
9**)
261)
Non
e2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
26 F
ranc
hisi
ng se
rvic
es a
re li
mite
d to
thos
e ite
ms w
hich
are
allo
wed
und
er W
hole
sale
Tra
de S
ervi
ces a
nd R
etai
ling
Serv
ices
in th
is S
ched
ule.
237
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
5.
EDU
CAT
ION
AL
SERV
ICES
27
C.
Hig
her E
duca
tion
Serv
ices
28
(CPC
923
**)
Hig
her e
duca
tion
serv
ices
pr
ovid
ed b
y pr
ivat
e hi
gher
ed
ucat
iona
l ins
titut
ions
, w
hich
hav
e ob
tain
ed
reco
gniti
on fr
om th
e go
vern
men
t or p
ublic
ac
cred
itatio
n bo
dies
, for
the
purp
ose
of c
onfe
rrin
g de
gree
s Ex
clud
ing
: (i)
he
alth
and
med
icin
e-re
late
d hi
gher
ed
ucat
ion;
(ii
) hi
gher
edu
catio
n fo
r pr
ospe
ctiv
e pr
e-pr
imar
y, p
rimar
y an
d se
cond
ary
teac
hers
;
1)
Unb
ound
2)
N
one
3)
Onl
y no
n-pr
ofit
scho
ol ju
ridic
al p
erso
ns29
, es
tabl
ishe
d un
der t
he a
ppro
val b
y th
e M
inis
ter o
f Ed
ucat
ion,
may
est
ablis
h ed
ucat
iona
l ins
titut
ions
un
der t
he M
inis
ter’s
aut
horis
atio
n. I
ntra
-co
mpa
ny U
nive
rsiti
es d
o no
t nee
d to
est
ablis
h a
scho
ol ju
ridic
al p
erso
n.
O
nly
the
type
s of e
duca
tiona
l ins
titut
ions
list
ed in
A
ttach
men
t I a
re a
llow
ed.
In
the
Seou
l Met
ropo
litan
Are
a30, t
he n
ew
esta
blis
hmen
t, ex
tens
ion,
or t
rans
fer o
f a h
ighe
r ed
ucat
ion
inst
itutio
n ot
her t
han
Intra
-com
pany
U
nive
rsiti
es m
ay b
e re
stric
ted.
1)
Unb
ound
2)
N
one
3)
At l
east
50
perc
ent o
f the
mem
bers
of t
he b
oard
of
dire
ctor
s of a
priv
ate
high
er e
duca
tion
inst
itutio
n m
ust b
e K
orea
n na
tiona
ls.
If a
fo
reig
n pe
rson
or a
fore
ign
jurid
ical
per
son
cont
ribut
es a
t lea
st 5
0 pe
rcen
t of t
he b
asic
pr
oper
ty31
of a
hig
her e
duca
tion
inst
itutio
n, le
ss
than
two
third
s of t
he m
embe
rs o
f the
boa
rd o
f di
rect
ors o
f suc
h an
inst
itutio
n m
ay b
e fo
reig
n na
tiona
ls.
27 S
peci
fic c
omm
itmen
ts o
n m
arke
t acc
ess
and
natio
nal t
reat
men
t thr
ough
any
mod
e of
sup
ply
shal
l not
be
cons
trued
to a
pply
to th
e re
cogn
ition
of u
nive
rsity
deg
rees
for t
he p
urpo
se
of a
dmis
sion
, reg
istra
tion
and
qual
ifica
tion
for p
rofe
ssio
nal p
ract
ice
in K
orea
. 28
Typ
es o
f hig
her e
duca
tion
inst
itutio
ns a
re li
sted
in A
ttach
men
t I c
once
rnin
g H
ighe
r Edu
catio
n Se
rvic
es.
29 “S
choo
l jur
idic
al p
erso
n” m
eans
a no
n-pr
ofit
jurid
ical
per
son
esta
blis
hed
sole
ly fo
r the
pur
pose
of e
stab
lishi
ng a
regu
lar e
duca
tiona
l ins
titut
ion
in ac
cord
ance
with
per
tinen
t edu
catio
n-re
late
d la
ws.
30
“Se
oul M
etro
polit
an A
rea”
mea
ns th
e Se
oul M
etro
polit
an C
ity, t
he In
cheo
n M
etro
polit
an C
ity, a
nd th
e G
yeon
ggyi
Pro
vinc
e.
31 “
Bas
ic p
rope
rty”
mea
ns re
al e
stat
e, p
rope
rty d
esig
nate
d as
bas
ic p
rope
rty b
y th
e ar
ticle
s of
ass
ocia
tion,
pro
perty
inco
rpor
ated
into
the
basi
c pr
oper
ty a
ccor
ding
to d
ecis
ions
of t
he
boar
d of
dire
ctor
s, an
d th
e an
nual
bud
geta
ry su
rplu
s res
erve
of t
he in
stitu
tion.
238
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(iii)
prof
essi
onal
gra
duat
eed
ucat
ion
in la
w; a
nd
(iv)
univ
ersi
ties v
iabr
oadc
astin
g an
dco
mm
unic
atio
ns, a
ndcy
ber u
nive
rsiti
es.
Loca
l hig
her e
duca
tion
inst
itutio
ns m
ay jo
intly
op
erat
e cu
rric
ula
only
with
hig
her e
duca
tion
inst
itutio
ns e
stab
lishe
d un
der K
orea
n la
w, o
r with
fo
reig
n hi
gher
edu
catio
n in
stitu
tions
that
hav
e ob
tain
ed a
ccre
dita
tion
from
fore
ign
gove
rnm
ents
or
aut
horis
ed a
ccre
dita
tion
bodi
es.
The
Min
iste
r of E
duca
tion
may
rest
rict t
he to
tal
num
ber o
f stu
dent
s per
yea
r in
the
field
s of
med
icin
e, p
harm
acol
ogy,
vet
erin
ary
med
icin
e,
tradi
tiona
l Asi
an m
edic
ine,
med
ical
tech
nici
ans,
and
high
er e
duca
tion
for p
re-p
rimar
y, p
rimar
y,
and
seco
ndar
y te
ache
rs, a
nd th
e to
tal n
umbe
r of
high
er e
duca
tion
inst
itutio
ns lo
cate
d in
the
Seou
l M
etro
polit
an A
rea.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
239
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
D.
Adu
lt Ed
ucat
ion
Serv
ices
32
(CPC
924
**)
Adu
lt Ed
ucat
ion
Serv
ices
pr
ovid
ed b
y pr
ivat
e ad
ult
educ
atio
nal i
nstit
utio
ns
Excl
udin
g :
(i)ed
ucat
ion
serv
ices
whi
chre
cogn
ize
educ
atio
nqu
alifi
catio
ns, o
r con
fer,
orar
e lin
ked
with
, loc
al o
rfo
reig
n cr
edits
, deg
rees
or
dipl
omas
;
(ii)
voca
tiona
l tra
inin
g se
rvic
esfin
anci
ally
supp
orte
d by
the
gove
rnm
ent i
nac
cord
ance
with
the
Empl
oym
ent I
nsur
ance
Act,
the
Wor
ker’s
Voca
tiona
l Com
pete
ncy
Dev
elop
men
t Act
and
the
Seaf
arer
s’ Ac
t;
(iii)
educ
atio
nal s
ervi
ces
via
broa
dcas
ting;
and
1)U
nbou
nd fo
r hea
lth a
nd m
edic
ine-
rela
ted
adul
ted
ucat
ion
serv
ices
2)N
one
3)Th
e ty
pes o
f adu
lt ed
ucat
ion
inst
itutio
ns th
at a
fore
ign
pers
on m
ay e
stab
lish
in K
orea
are
lim
ited
to:
(a)
hag-
won
(priv
ate
teac
hing
inst
itute
s for
adul
ts)33
rela
ted
to li
felo
ng a
nd v
ocat
iona
led
ucat
ion;
and
(b)
lifel
ong
adul
t edu
catio
n fa
cilit
ies o
pera
ted
for p
urpo
ses o
ther
than
reco
gniz
ing
educ
atio
nal q
ualif
icat
ions
or c
onfe
rrin
gdi
plom
as, w
hich
are
:
(i)an
nexe
d to
wor
kpla
ces,
non-
gove
rnm
enta
l org
anis
atio
ns, s
choo
lsan
d m
edia
org
anis
atio
ns;
(ii)
rela
ted
to th
e de
velo
pmen
t of
know
ledg
e an
d hu
man
reso
urce
s; o
r
(iii)
rela
ted
to o
n-lin
e lif
elon
g ed
ucat
ion
faci
litie
s,
all o
f whi
ch a
re e
stab
lishe
d fo
r adu
lts.
1)U
nbou
nd fo
r hea
lth a
nd m
edic
ine-
rela
ted
adul
ted
ucat
ion
serv
ices
2)N
one
3)N
one
32 T
ypes
of a
dult
educ
atio
n in
stitu
tions
are
list
ed in
Atta
chm
ent I
I con
cern
ing
Adu
lt Ed
ucat
ion
Serv
ices
. 33
For
pur
pose
s of
this
lim
itatio
n, “
hag-
won
(pr
ivat
e te
achi
ng in
stitu
tes
for
adul
ts)”
are
fac
ilitie
s th
at p
rovi
de tu
torin
g se
rvic
es o
n su
bjec
ts r
elat
ed to
life
long
or
voca
tiona
l ed
ucat
ion
to te
n pe
ople
or m
ore
for a
per
iod
of 3
0 da
ys o
r lon
ger.
240
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(iv
) vo
catio
nal t
rain
ing
serv
ices
pro
vide
d by
in
stitu
tions
und
er
auth
ority
del
egat
ed b
y th
e go
vern
men
t.
In th
e Se
oul M
etro
polit
an A
rea,
the
new
es
tabl
ishm
ent,
exte
nsio
n, o
r tra
nsfe
r of a
dult
train
ing
faci
litie
s tha
t equ
al o
r exc
eed
3,00
0 sq
uare
met
ers i
n to
tal f
loor
are
a m
ay b
e re
stric
ted.
4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
A fo
reig
n na
tiona
l hire
d by
hag
-won
for a
dults
as
a le
ctur
er m
ust p
osse
ss a
t lea
st a
bac
helo
r’s
degr
ee o
r the
equ
ival
ent,
and
resi
de in
Kor
ea.
6.
ENV
IRO
NM
ENTA
L SE
RVIC
ES
Reg
ardi
ng se
rvic
es u
nder
CPC
940
3 an
d C
PC 9
406
othe
r tha
n th
ose
with
in se
ctor
s or s
ub-s
ecto
rs in
scrib
ed in
the
follo
win
g se
ctor
al c
omm
itmen
ts, t
he o
blig
atio
n of
Arti
cles
7.6
an
d 7.
12(N
T) a
pplie
s to
the
mod
es 1
thro
ugh
3 of
supp
ly o
f tho
se se
rvic
es p
ursu
ant t
o a
cont
ract
bet
wee
n pr
ivat
e pa
rties
, to
the
exte
nt p
rivat
e su
pply
of s
uch
serv
ices
is p
erm
itted
un
der r
elev
ant l
aws a
nd re
gula
tions
. Fo
r gre
ater
cer
tain
ty, t
he o
blig
atio
n of
Arti
cles
7.5
and
7.1
1(M
A) d
oes n
ot a
pply
to su
ch se
rvic
es.
A.
Sew
age
Serv
ices
Col
lect
ion
and
treat
men
t se
rvic
es o
f ind
ustri
al w
aste
w
ater
(CPC
940
1**)
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
241
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Col
lect
ion
and
treat
men
t se
rvic
es o
f non
-indu
stria
l was
te
wat
er (C
PC 9
401*
*)
1)U
nbou
nd*
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion.
1)N
one
2)N
one
3) N
o la
ter t
han
the
date
this
Agr
eem
ent e
nter
sin
to fo
rce,
Kor
ea sh
all g
rant
non
-di
scrim
inat
ory
treat
men
t to
serv
ice
supp
liers
of
the
Uni
ted
Kin
gdom
in c
ompe
titio
n pr
oced
ures
for m
anag
emen
t con
tract
s rel
ated
to n
on-
indu
stria
l was
te w
ater
serv
ices
.
Not
with
stan
ding
the
prev
ious
par
agra
ph,
prov
ision
of t
he se
rvic
es a
t cen
tral o
r loc
al le
vel
may
be
subj
ect t
o pu
blic
mon
opol
y or
exc
lusi
ve
right
s gra
nted
to p
rivat
e op
erat
ors t
hrou
gh, f
or
insta
nce,
con
cess
ion
cont
ract
s.
Publ
ic a
utho
ritie
s ret
ain
the
poss
ibili
ty to
: (a
)ap
ply
excl
usiv
e rig
hts;
(b)
choo
se fr
eely
man
agem
ent a
rran
gem
ents
for t
he se
rvic
es;
(c)
choo
se th
e m
ode
of a
ttrib
utio
n of
the
excl
usiv
e rig
hts (
open
com
petit
ion
or n
ot);
and
(d)
chan
ge fr
om o
ne m
ode
of m
anag
emen
t to
anot
her (
for i
nsta
nce,
to re
turn
to a
pub
licm
onop
oly
at th
e en
d of
a c
once
ssio
nco
ntra
ct).
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
242
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
B.
Ref
use
Dis
posa
l Ser
vice
s
Indu
stria
l ref
use
disp
osal
serv
ices
(C
PC 9
402*
*)34
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
C.
Oth
erC
lean
ing
serv
ices
of
exha
ust g
ases
and
noi
seab
atem
ent s
ervi
ces
(CPC
940
4, 9
405)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Envi
ronm
ent t
estin
g an
d
asse
ssm
ent s
ervi
ces
(CPC
940
6**,
940
9**)
35
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Soil
rem
edia
tion
and
grou
ndw
ater
pur
ifica
tion
(CPC
940
6**)
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Envi
ronm
ent c
onsu
lting
se
rvic
es
(CPC
940
9**)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
34 9
402*
*: O
nly
colle
ctio
n, tr
ansp
ort,
and
disp
osal
serv
ices
of i
ndus
trial
refu
se u
nder
CPC
940
2.
35 9
406*
*, 9
409*
*: O
nly
envi
ronm
enta
l im
pact
ass
essm
ent s
ervi
ces u
nder
CPC
940
6 an
d 94
09.
243
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
7. F
INA
NC
IAL
SE
RV
ICE
S H
eadn
otes
: All
finan
cial
serv
ices
are
subj
ect t
o th
e fo
llow
ing
prov
isio
ns.
1.
To
cla
rify
the
com
mitm
ent o
f Kor
ea w
ith re
spec
t to
Arti
cle
7.11
, jur
idic
al p
erso
ns su
pply
ing
finan
cial
serv
ices
and
con
stitu
ted
unde
r the
law
s of K
orea
are
subj
ect t
o no
n-di
scrim
inat
ory
limita
tions
on
jurid
ical
form
.36
2.
The
com
mitm
ents
of K
orea
und
er A
rticl
es 7
.11
and
7.12
are
sub
ject
to th
e lim
itatio
n th
at in
ord
er to
est
ablis
h or
acq
uire
a c
ontro
lling
inte
rest
in a
fina
ncia
l ser
vice
supp
lier
in K
orea
, a fo
reig
n in
vest
or m
ust o
wn
or c
ontro
l a fi
nanc
ial s
ervi
ce su
pplie
r tha
t eng
ages
in su
pply
ing
finan
cial
serv
ices
with
in th
e sa
me
finan
cial
serv
ices
sub-
sect
or in
its
hom
e co
untry
.
3.
For g
reat
er c
erta
inty
, not
hing
in th
is A
gree
men
t lim
its K
orea
's ab
ility
to re
quire
the
chie
f exe
cutiv
e of
ficer
of a
fina
ncia
l ser
vice
supp
lier e
stab
lishe
d un
der i
ts la
ws t
o re
side
w
ithin
its t
errit
ory.
4.
Even
if K
orea
per
mits
per
sons
loca
ted
in it
s ter
ritor
y, a
nd it
s nat
iona
ls w
here
ver l
ocat
ed, t
o pu
rcha
se fi
nanc
ial s
ervi
ces f
rom
cro
ss-b
orde
r fin
anci
al se
rvic
e su
pplie
rs o
f the
ot
her P
arty
loca
ted
in th
e te
rrito
ry o
f the
oth
er P
arty
, suc
h pe
rmis
sion
will
not
mea
n th
at K
orea
is re
quire
d to
per
mit
such
supp
liers
to d
o bu
sine
ss o
r eng
age
in so
licita
tion
in th
e te
rrito
ry o
f Kor
ea.
Kor
ea m
ay d
efin
e “d
oing
bus
ines
s” a
nd “
solic
itatio
n” fo
r pur
pose
s of t
his o
blig
atio
n, p
rovi
ded
that
thos
e de
finiti
ons a
re n
ot in
cons
iste
nt w
ith th
e co
mm
itmen
ts re
gard
ing
cros
s-bo
rder
supp
ly o
f fin
anci
al se
rvic
es u
nder
take
n by
Kor
ea.
5.
W
ithou
t pre
judi
ce to
oth
er m
eans
of p
rude
ntia
l reg
ulat
ion
on c
ross
-bor
der s
uppl
y of
fina
ncia
l ser
vice
s, K
orea
may
requ
ire th
e re
gist
ratio
n or
aut
horis
atio
n of
cro
ss-b
orde
r fin
anci
al se
rvic
e su
pplie
rs o
f the
oth
er P
arty
and
of f
inan
cial
inst
rum
ents
. K
orea
may
requ
ire a
cro
ss-b
orde
r fin
anci
al se
rvic
e su
pplie
r of t
he o
ther
Par
ty to
pro
vide
in
form
atio
n, so
lely
for i
nfor
mat
iona
l or s
tatis
tical
pur
pose
s, on
the
finan
cial
serv
ices
it h
as su
pplie
d w
ithin
the
terr
itory
of K
orea
. K
orea
will
pro
tect
such
bus
ines
s in
form
atio
n th
at is
con
fiden
tial f
rom
any
dis
clos
ure
that
wou
ld p
reju
dice
the
com
petit
ive
posi
tion
of th
e su
pplie
r. 6.
Th
e Pa
rties
con
firm
that
the
follo
win
g en
titie
s, as
cur
rent
ly st
ruct
ured
, are
cov
ered
by
Cha
pter
Sev
en, b
ut th
at th
ey sh
all n
ot b
e co
nsid
ered
fina
ncia
l ser
vice
supp
liers
for
purp
oses
of t
hat C
hapt
er37
: Kor
ea D
epos
it In
sura
nce
Cor
pora
tion
(KD
IC),
Expo
rt-Im
port
Ban
k of
Kor
ea, K
orea
Tra
de In
sura
nce
Cor
pora
tion,
Kor
ea T
echn
olog
y C
redi
t G
uara
ntee
Fun
d, C
redi
t Gua
rant
ee F
und,
Kor
ea A
sset
Man
agem
ent C
orpo
ratio
n (K
AM
CO
), K
orea
Inve
stm
ent C
orpo
ratio
n (K
IC),
the
Nat
iona
l Agr
icul
tura
l Coo
pera
tive
Fede
ratio
n, a
nd th
e N
atio
nal F
eder
atio
n of
Fis
herie
s Coo
pera
tives
38.
36 T
his h
eadn
ote
is n
ot it
self
inte
nded
to a
ffect
, or o
ther
wis
e lim
it, a
cho
ice
by a
fina
ncia
l ser
vice
supp
lier o
f the
oth
er P
arty
bet
wee
n br
anch
es o
r sub
sidi
arie
s. 37
For
gre
ater
cer
tain
ty, C
hapt
er S
even
doe
s not
app
ly to
mea
sure
s ado
pted
or m
aint
aine
d by
Kor
ea re
latin
g to
the
entit
ies s
peci
fied
in th
is p
arag
raph
. 38
For
gre
ater
cer
tain
ty, t
he N
atio
nal A
gric
ultu
ral C
oope
rativ
e Fe
dera
tion
and
the
Nat
iona
l Fed
erat
ion
of F
ishe
ries
Coo
pera
tives
are
not
con
side
red
finan
cial
serv
ice
supp
liers
, for
pu
rpos
es o
f thi
s par
agra
ph, w
hich
incl
udes
the
prov
isio
n of
insu
ranc
e se
rvic
es. N
otw
ithst
andi
ng th
e he
adno
te a
bove
, the
Nat
iona
l Agr
icul
tura
l Coo
pera
tive
Fede
ratio
n an
d th
e N
atio
nal F
eder
atio
n of
Fis
herie
s Coo
pera
tives
are
con
side
red
to b
e fin
anci
al se
rvic
e su
pplie
rs c
over
ed b
y C
hapt
er S
even
with
rega
rd to
the
prov
isio
n of
ban
king
and
oth
er fi
nanc
ial
serv
ices
that
are
regu
late
d by
the
FSC
.
244
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
7.K
orea
may
gra
nt
(a)
to o
ne o
r mor
e of
the
follo
win
g fin
anci
al se
rvic
e su
pplie
rs(c
olle
ctiv
ely,
Gov
ernm
ent-S
pons
ored
Inst
itutio
ns o
r GSI
s):
-The
Kor
ea D
evel
opm
ent B
ank;
-Ind
ustri
al B
ank
of K
orea
;-K
orea
Hou
sing
Fin
ance
Cor
pora
tion;
-The
Nat
iona
l Agr
icul
tura
l Coo
pera
tive
Fede
ratio
n; a
nd-T
he N
atio
nal F
eder
atio
n of
Fis
herie
s Coo
pera
tives
.
(b)
spec
ial t
reat
men
t, in
clud
ing
but n
ot li
mite
d to
the
follo
win
g:-G
uara
ntee
s of l
oans
to o
r bon
ds is
sued
by
the
GSI
s;-P
erm
issi
on to
issu
e m
ore
bond
s per
cap
ital t
han
sim
ilarly
-situ
ated
non
-GSI
s;-R
eim
burs
emen
t of l
osse
s inc
urre
d by
GSI
s;-E
xem
ptio
n fr
om c
erta
in ta
xes o
n ca
pita
l, su
rplu
s, pr
ofit,
or a
sset
s.
8.C
hief
and
dep
uty
exec
utiv
e of
ficer
s and
all
mem
bers
of t
he B
oard
of D
irect
ors
of th
e K
orea
Hou
sing
Fin
ance
Cor
pora
tion,
the
Nat
iona
l Agr
icul
tura
l Coo
pera
tive
Fede
ratio
n an
d th
e N
atio
nal F
eder
atio
n of
Fis
herie
s Coo
pera
tives
mus
t be
Kor
ean
natio
nals
.
9.K
orea
rese
rves
the
right
not
to c
onsi
der a
ny "
com
puls
ory"
third
-par
ty in
sura
nce
serv
ice
supp
lied
in th
e te
rrito
ry o
f a fo
reig
n co
untry
to a
nat
ural
per
son
in K
orea
or a
jurid
ical
per
son
esta
blis
hed
ther
ein,
in d
eter
min
ing
whe
ther
such
a n
atur
al o
r jur
idic
al p
erso
n ha
s sat
isfie
d a
lega
l obl
igat
ion
to p
urch
ase
such
"co
mpu
lsor
y" th
ird p
arty
insu
ranc
e se
rvic
e no
t lis
ted
in th
is S
ched
ule.
How
ever
, ser
vice
s sup
plie
d ou
tsid
e th
e te
rrito
ry o
f Kor
ea m
ay b
e co
nsid
ered
in sa
tisfa
ctio
n of
the
lega
l obl
igat
ion
if th
ere
quire
d in
sura
nce
cann
ot b
e pu
rcha
sed
from
an
insu
rer e
stab
lishe
d in
Kor
ea.
10.
In th
e co
ntex
t of p
rivat
isin
g go
vern
men
t-ow
ned
or g
over
nmen
t-con
trolle
d en
titie
s tha
t sup
ply
finan
cial
serv
ices
, Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
rere
latin
g to
the
cont
inue
d gu
aran
tee,
or t
ime-
limite
d ad
ditio
nal g
uara
ntee
, of t
he o
blig
atio
ns a
nd li
abili
ties o
f the
se e
ntiti
es.
11.
Kor
ea re
serv
es th
e rig
ht to
lim
it ow
ners
hip
by fo
reig
n in
vest
ors o
f the
Kor
ea E
xcha
nge
and
the
Kor
ea S
ecur
ities
Dep
osito
ry.
In th
e ev
ent o
f pub
lic o
fferin
g of
shar
es o
f the
Kor
ea E
xcha
nge
or th
e K
orea
Sec
uriti
es D
epos
itory
, Kor
ea re
serv
es th
e rig
ht to
lim
it sh
areh
oldi
ng b
y fo
reig
n pe
rson
s in
the
rele
vant
inst
itutio
n, p
rovi
ded
that
Kor
ea sh
all
ensu
re th
at:
(a)
any
shar
ehol
ding
inte
rest
s hel
d by
fore
ign
pers
ons a
t the
tim
e of
the
publ
ic o
fferin
g sh
all b
e pr
eser
ved;
and
(b)
follo
win
g th
e pu
blic
offe
ring,
the
Kor
ea E
xcha
nge
or th
e K
orea
Sec
uriti
es D
epos
itory
shal
l ass
ure
acce
ss fo
r fin
anci
al se
rvic
e su
pplie
rs o
f the
Uni
ted
Kin
gdom
whi
char
e es
tabl
ishe
d in
Kor
ea’s
terr
itory
, and
regu
late
d or
supe
rvis
ed u
nder
the
law
s of K
orea
.
245
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
A.
Insu
ranc
e an
d In
sura
nce-
rela
ted
Serv
ices
39
1)
Unb
ound
exc
ept f
or
(a)
insu
ranc
e of
risk
s rel
atin
g to
:
(i)
mar
itim
e sh
ippi
ng a
nd c
omm
erci
al a
viat
ion
an
d sp
ace
laun
chin
g an
d fr
eigh
t (in
clud
ing
sate
llite
s), w
ith su
ch in
sura
nce
to c
over
any
or
all
of th
e fo
llow
ing:
the
good
s bei
ng
trans
porte
d, th
e ve
hicl
e tra
nspo
rting
the
good
s, an
d an
y lia
bilit
y ar
isin
g th
eref
rom
; an
d (ii
) go
ods i
n in
tern
atio
nal t
rans
it;
(b)
rein
sura
nce
and
retro
cess
ion;
(c
) se
rvic
es a
uxili
ary
to in
sura
nce,
such
as
cons
ulta
ncy,
risk
ass
essm
ent,
actu
aria
l and
cla
im
settl
emen
t ser
vice
s; a
nd
(d)
insu
ranc
e in
term
edia
tion,
such
as b
roke
rage
and
agen
cy, o
f ins
uran
ce o
f ris
ks re
late
d to
serv
ices
lis
ted
in (a
) and
(b) a
bove
. 2)
U
nbou
nd e
xcep
t for
(a
) in
sura
nce
of ri
sks r
elat
ing
to:
1) U
nbou
nd e
xcep
t for
(a
) in
sura
nce
of ri
sks r
elat
ing
to:
(i) m
ariti
me
ship
ping
and
com
mer
cial
avi
atio
n an
d sp
ace
laun
chin
g an
d fr
eigh
t (in
clud
ing
sate
llite
s), w
ith su
ch in
sura
nce
to c
over
an
y or
all
of th
e fo
llow
ing:
the
good
s bei
ng
trans
porte
d, th
e ve
hicl
e tra
nspo
rting
the
good
s, an
d an
y lia
bilit
y ar
isin
g th
eref
rom
; an
d (ii
) go
ods i
n in
tern
atio
nal t
rans
it;
(b)
rein
sura
nce
and
retro
cess
ion;
(c
) se
rvic
es a
uxili
ary
to in
sura
nce,
such
as
cons
ulta
ncy,
risk
ass
essm
ent,
actu
aria
l and
cl
aim
settl
emen
t ser
vice
s; a
nd
(d)
insu
ranc
e in
term
edia
tion,
such
as b
roke
rage
an
d ag
ency
, of i
nsur
ance
of r
isks
rela
ted
to
serv
ices
list
ed in
(a) a
nd (b
) abo
ve.
2)
Unb
ound
exc
ept f
or
(a)
insu
ranc
e of
risk
s rel
atin
g to
:
39 “
Con
sulta
ncy”
mea
ns a
ctiv
ities
such
as p
rovi
ding
adv
ice
on c
orpo
rate
stra
tegy
form
ulat
ion,
mar
ketin
g st
rate
gy, o
r pro
duct
dev
elop
men
t stra
tegy
. “R
isk
asse
ssm
ent”
mea
ns a
ctiv
ities
su
ch a
s ris
k an
alys
is, r
isk
prev
entio
n, o
r exp
ert a
dvic
e re
late
d to
diff
icul
t or u
nusu
al ri
sks.
246
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(i)m
ariti
me
ship
ping
and
com
mer
cial
avi
atio
nan
d sp
ace
laun
chin
g an
d fr
eigh
t (in
clud
ing
sate
llite
s), w
ith su
ch in
sura
nce
to c
over
an
y or
all
of th
e fo
llow
ing:
the
good
s be
ing
trans
porte
d, th
e ve
hicl
e tra
nspo
rting
th
e go
ods,
and
any
liabi
lity
aris
ing
ther
efro
m; a
nd
(ii)
good
s in
inte
rnat
iona
l tra
nsit;
(b)
rein
sura
nce
and
retro
cess
ion;
(c)
serv
ices
aux
iliar
y to
insu
ranc
e, su
ch a
sco
nsul
tanc
y, ri
sk a
sses
smen
t, ac
tuar
ial a
nd c
laim
settl
emen
t ser
vice
s.
In d
eter
min
ing
whe
ther
a n
atur
al p
erso
n re
side
nt in
K
orea
or j
urid
ical
per
sons
est
ablis
hed
in K
orea
has
sa
tisfie
d a
lega
l obl
igat
ion
to p
urch
ase,
cer
tain
pr
escr
ibed
“co
mpu
lsor
y” in
sura
nce
serv
ices
, any
su
ch se
rvic
e su
pplie
d in
the
terr
itory
of a
fore
ign
coun
try to
such
per
son
is n
ot c
onsi
dere
d.
How
ever
, ser
vice
s sup
plie
d ou
tsid
e th
e te
rrito
ry o
f K
orea
may
be
cons
ider
ed in
satis
fact
ion
of th
e le
gal
oblig
atio
n if
the
requ
ired
insu
ranc
e ca
nnot
be
purc
hase
d fr
om a
n in
sure
r est
ablis
hed
in K
orea
.
3)O
nly
two
empl
oyee
s of a
com
mer
cial
ban
k,m
utua
l sav
ing
bank
, or s
ecur
ities
com
pany
may
sell
insu
ranc
e pr
oduc
ts a
t any
one
tim
e at
a si
ngle
loca
tion.
For
tran
spar
ency
pur
pose
s, th
e m
anne
rof
sale
s of i
nsur
ance
pro
duct
s suc
h as
the
num
ber
of
(i)m
ariti
me
ship
ping
and
com
mer
cial
avi
atio
nan
d sp
ace
laun
chin
g an
d fr
eigh
t (in
clud
ing
sate
llite
s), w
ith su
ch in
sura
nce
to c
over
any
or a
ll of
the
follo
win
g: th
e go
ods
bein
g tra
nspo
rted,
the
vehi
cle
trans
porti
ngth
e go
ods,
and
any
liabi
lity
aris
ing
ther
efro
m; a
nd
(ii)g
oods
in in
tern
atio
nal t
rans
it;
(b)
rein
sura
nce
and
retro
cess
ion;
(c)
serv
ices
aux
iliar
y to
insu
ranc
e, su
ch a
sco
nsul
tanc
y, ri
sk a
sses
smen
t, ac
tuar
ial a
ndcl
aim
settl
emen
t ser
vice
s.
In d
eter
min
ing
whe
ther
a n
atur
al p
erso
n re
side
nt
in K
orea
or j
urid
ical
per
sons
est
ablis
hed
in K
orea
ha
s sat
isfie
d a
lega
l obl
igat
ion
to p
urch
ase,
ce
rtain
pre
scrib
ed “
com
puls
ory”
insu
ranc
e se
rvic
es, a
ny su
ch se
rvic
e su
pplie
d in
the
terr
itory
of
a fo
reig
n co
untry
to su
ch p
erso
n is
not
co
nsid
ered
.
How
ever
, ser
vice
s sup
plie
d ou
tsid
e th
e te
rrito
ry
of K
orea
may
be
cons
ider
ed in
satis
fact
ion
of th
e le
gal o
blig
atio
n if
the
requ
ired
insu
ranc
e ca
nnot
be
pur
chas
ed fr
om a
n in
sure
r est
ablis
hed
in
Kor
ea.
3)N
one
247
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
win
dow
s in
a si
ngle
ban
k lo
catio
n de
vote
d to
the
sale
of i
nsur
ance
will
be
rest
ricte
d, a
nd li
mita
tions
w
ill b
e im
pose
d on
the
perc
enta
ge o
f ins
uran
ce
sold
by
a ba
nk th
at m
ay b
e un
derw
ritte
n by
a
sing
le in
sure
r.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion.
B.B
anki
ng a
nd O
ther
Fin
anci
al S
ervi
ces
1)U
nbou
nd e
xcep
t for
:
(a)
the
prov
isio
n an
d tra
nsfe
r of f
inan
cial
info
rmat
ion40
; and
(b)
the
prov
isio
n an
d tra
nsfe
r of f
inan
cial
dat
apr
oces
sing
and
rela
ted
softw
are
rela
ting
toba
nkin
g an
d ot
her f
inan
cial
serv
ices
.
1)U
nbou
nd e
xcep
t for
:
(a)
the
prov
isio
n an
d tra
nsfe
r of f
inan
cial
info
rmat
ion;
and
(b)
the
prov
isio
n an
d tra
nsfe
r of f
inan
cial
dat
apr
oces
sing
and
rela
ted
softw
are
rela
ting
toba
nkin
g an
d ot
her f
inan
cial
serv
ices
.
40 F
or g
reat
er c
erta
inty
, “fin
anci
al in
form
atio
n” r
efer
red
to in
this
sec
tion
does
not
incl
ude
gene
ral f
inan
cial
or
busi
ness
info
rmat
ion
that
is in
clud
ed w
ithin
a g
ener
al c
ircul
atio
n pu
blic
atio
n or
pro
vide
d fo
r a g
ener
al a
udie
nce.
248
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(c
) ad
viso
ry
and
othe
r au
xilia
ry
serv
ices
, ex
clud
ing
inte
rmed
iatio
n. T
his
com
mitm
ent
appl
ies
to th
e su
pply
of
cred
it ra
ting,
cre
dit
refe
renc
e an
d in
vest
igat
ion,
gen
eral
fun
d ad
min
istra
tion,
ind
irect
inv
estm
ent
vehi
cle
appr
aisa
l, an
d bo
nd a
ppra
isal
with
reg
ard
to
secu
ritie
s is
sued
in K
orea
onl
y to
the
exte
nt
that
K
orea
al
low
s th
e su
pply
of
th
ese
serv
ices
. Thi
s com
mitm
ent d
oes n
ot a
pply
to
(i) cr
edit
ratin
g of
ent
erpr
ises
in K
orea
; or (
ii)
cred
it re
fere
nce
and
inve
stig
atio
n un
derta
ken
for
purp
oses
of
lend
ing
and
othe
r fin
anci
al
trans
actio
ns
in
Kor
ea
with
re
spec
t to
in
divi
dual
s or
com
pani
es i
n K
orea
. O
nce
Kor
ea a
llow
s th
e su
pply
of
certa
in o
f th
ese
serv
ices
, it m
ay n
ot s
ubse
quen
tly p
rohi
bit o
r lim
it th
e su
pply
of s
uch
serv
ices
. 2)
A
resi
dent
of K
orea
, inc
ludi
ng a
nat
ural
per
son
who
is re
side
nt in
Kor
ea, a
fina
ncia
l ins
titut
ion
cons
titut
ed u
nder
the
law
s of K
orea
and
a b
ranc
h of
fore
ign
finan
cial
inst
itutio
n, m
ay e
nter
into
of
fsho
re fu
ture
s, op
tions
, and
cer
tain
forw
ard
cont
ract
s onl
y th
roug
h a
futu
res
com
pany
lice
nsed
in
Kor
ea.
3)
The
follo
win
g ty
pes o
f bus
ines
s may
not
be
cond
ucte
d by
a b
ranc
h of
a fi
nanc
ial s
ervi
ce
supp
lier c
onst
itute
d un
der t
he la
ws o
f ano
ther
co
untry
:
(c)
advi
sory
and
oth
er a
uxili
ary
serv
ices
, ex
clud
ing
inte
rmed
iatio
n. T
his
com
mitm
ent a
pplie
s to
the
supp
ly o
f cr
edit
ratin
g, c
redi
t ref
eren
ce a
nd
inve
stig
atio
n, g
ener
al fu
nd a
dmin
istra
tion,
in
dire
ct in
vest
men
t veh
icle
app
rais
al, a
nd
bond
app
rais
al w
ith re
gard
to se
curit
ies
issu
ed in
Kor
ea o
nly
to th
e ex
tent
that
K
orea
allo
ws t
he su
pply
of t
hese
serv
ices
. Th
is c
omm
itmen
t doe
s not
app
ly to
(i)
cred
it ra
ting
of e
nter
pris
es in
Kor
ea; o
r (ii
) cre
dit r
efer
ence
and
inve
stig
atio
n un
derta
ken
for p
urpo
ses o
f len
ding
and
ot
her f
inan
cial
tran
sact
ions
in K
orea
with
re
spec
t to
indi
vidu
als o
r com
pani
es in
K
orea
. O
nce
Kor
ea a
llow
s the
supp
ly o
f ce
rtain
of t
hese
serv
ices
, it m
ay n
ot
subs
eque
ntly
pro
hibi
t or l
imit
the
supp
ly
of su
ch se
rvic
es.
2)
A re
side
nt o
f Kor
ea, i
nclu
ding
a n
atur
al p
erso
n w
ho is
resi
dent
in K
orea
, a fi
nanc
ial i
nstit
utio
n co
nstit
uted
und
er th
e la
ws o
f Kor
ea a
nd a
br
anch
of f
orei
gn fi
nanc
ial i
nstit
utio
n, m
ay
ente
r int
o of
fsho
re fu
ture
s, op
tions
, and
cer
tain
fo
rwar
d co
ntra
cts o
nly
thro
ugh
a fu
ture
s co
mpa
ny li
cens
ed in
Kor
ea.
3)
A fin
anci
al in
stitu
tion
cons
titut
ed u
nder
the
law
s of a
noth
er c
ount
ry m
ay o
wn
mor
e th
an 1
0 pe
rcen
t of t
he sh
ares
of a
com
mer
cial
ban
k or
ba
nk h
oldi
ng c
ompa
ny c
onst
itute
d un
der t
he
law
s of K
orea
onl
y if
that
inst
itutio
n is
an
“int
erna
tiona
lly re
cogn
ized
fina
ncia
l in
stitu
tion41
”
41 “
Inte
rnat
iona
lly r
ecog
nize
d fin
anci
al in
stitu
tion”
incl
udes
any
fin
anci
al in
stitu
tion
that
has
bee
n ra
ted
by a
n in
tern
atio
nal r
atin
g or
gani
satio
n at
a le
vel a
ccep
tabl
e to
the
rele
vant
K
orea
n re
gula
tor o
r a fi
nanc
ial i
nstit
utio
n th
at h
as d
emon
stra
ted
by a
ltern
ativ
e m
eans
acc
epta
ble
to th
e re
leva
nt K
orea
n re
gula
tor t
hat i
t has
an
equi
vale
nt st
atus
.
249
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
(a)c
redi
t uni
ons;
(b)m
utua
l sav
ings
ban
ks;
(c)s
peci
aliz
ed c
apita
l fin
ance
com
pani
es;
(d)m
erch
ant b
anks
;(e
)for
eign
and
won
cur
renc
y ca
pita
lbr
oker
age
firm
s;(f
)cr
edit
info
rmat
ion
com
pani
es;
(g)g
ener
al fu
nd a
dmin
istra
tion
firm
s;(h
)ind
irect
inve
stm
ent v
ehic
le a
ppra
isal
com
pani
es; a
nd(i)
bond
app
rais
al c
ompa
nies
.
A no
n-fin
anci
al in
stitu
tion
that
seek
s to
offe
r cer
tain
el
ectro
nic
finan
cial
serv
ices
in K
orea
may
be
esta
blis
hed
only
as a
subs
idia
ry.
Inte
rban
k br
oker
age
of K
RW (K
orea
n w
on) s
pot
trans
actio
ns is
lim
ited
to th
e tw
o ex
istin
g br
oker
age
com
pani
es in
the
busi
ness
.
Onl
y th
e K
orea
Exc
hang
e m
ay o
pera
te a
secu
ritie
s or
futu
res m
arke
t in
Kor
ea.
Onl
y th
e K
orea
Sec
uriti
es D
epos
itory
may
serv
e as
th
e de
posi
tory
for l
iste
d an
d un
liste
d se
curit
ies
issu
ed in
Kor
ea o
r as t
he in
term
edia
ry fo
r tra
nsfe
r of
thos
e se
curit
ies b
etw
een
acco
unts
of s
ecur
ities
co
mpa
nies
in K
orea
.
For p
urpo
ses o
f tra
nspa
renc
y:
(a)
the
Fina
ncia
l Ser
vice
s Com
mis
sion
appl
ies a
dditi
onal
crit
eria
for a
ppro
val
that
are
not
inco
nsis
tent
with
this
Agr
eem
ent t
o ap
prov
al o
f ow
ners
hip
byan
inte
rnat
iona
lly re
cogn
ized
fina
ncia
lin
stitu
tion.
(b)
a na
tura
l per
son
may
not
ow
n m
ore
than
10 p
erce
nt o
f the
shar
es o
f a c
omm
erci
alba
nk o
r ban
k ho
ldin
g co
mpa
nyco
nstit
uted
und
er th
e la
ws o
f Kor
ea.
(c)
a co
rpor
ate
entit
y ot
her t
han
a fin
anci
alin
stitu
tion,
the
mai
n bu
sine
ss o
f whi
ch is
not f
inan
cial
serv
ices
, may
not
ow
n m
ore
than
4 p
erce
nt o
f the
shar
es o
f aco
mm
erci
al b
ank
or b
ank
hold
ing
com
pany
con
stitu
ted
unde
r the
law
s of
Kor
ea.
The
owne
rshi
p pe
rcen
tage
can
be
incr
ease
d to
10
perc
ent i
f the
cor
pora
teen
tity
wai
ves i
ts a
bilit
y to
exe
rcis
e vo
ting
right
s rel
atin
g to
the
shar
es in
exc
ess o
f 4pe
rcen
t.
Each
bra
nch
loca
tion
in K
orea
of a
ban
k co
nstit
uted
und
er th
e la
ws o
f ano
ther
cou
ntry
re
quire
s a se
para
te li
cens
e. A
bra
nch
of a
ban
king
su
bsid
iary
, inc
ludi
ng o
ne o
wne
d or
con
trolle
d by
in
vest
ors o
f ano
ther
cou
ntry
doe
s not
requ
ire su
ch
a lic
ense
.
250
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Onl
y th
e K
orea
Sec
uriti
es D
epos
itory
and
the
Kor
ea
Exch
ange
may
per
form
liqu
idat
ion
and
settl
emen
t of
secu
ritie
s and
der
ivat
ives
list
ed o
r tra
ded
on th
e K
orea
Exc
hang
e.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n.
A br
anch
in K
orea
of a
ban
k or
a s
ecur
ities
co
mpa
ny c
onst
itute
d un
der t
he la
ws o
f ano
ther
co
untry
mus
t brin
g an
d m
aint
ain
oper
atin
g fu
nds
with
in K
orea
, whi
ch sh
all b
e us
ed fo
r pur
pose
s of
dete
rmin
ing
the
amou
nt o
f fun
ds to
be
rais
ed o
r lo
ans t
o be
ext
ende
d by
such
loca
l bra
nch.
For
pu
rpos
es o
f the
Ban
king
Act
and
the
Secu
ritie
s an
d Ex
chan
ge A
ct, s
uch
a br
anch
is c
onsi
dere
d a
sepa
rate
lega
l ent
ity fr
om th
e ba
nk o
r the
se
curit
ies c
ompa
ny c
onst
itute
d un
der t
he la
ws o
f an
othe
r cou
ntry
.
Kor
ea m
ay li
mit
the
num
ber o
f fin
anci
al
inst
itutio
ns d
esig
nate
d to
hol
d ho
usin
g ac
coun
ts,
such
as t
he N
atio
nal H
ousi
ng S
ubsc
riptio
n D
epos
it A
ccou
nts.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n.
9.TO
UR
ISM
AN
D T
RAV
ELR
ELAT
ED S
ERV
ICES
251
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
A.
Hot
els a
nd R
esta
uran
ts
(C
PC 6
41, 6
431*
*)
ex
clud
ing
rail
and
air
trans
port
rela
ted
faci
litie
s in
CPC
643
1
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Fo
od se
rvin
g se
rvic
es
(CPC
642
) 1)
U
nbou
nd e
xcep
t for
air
trans
port
rela
ted
fa
cilit
ies
2)
Non
e 3)
N
one
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Unb
ound
exc
ept f
or a
ir tra
nspo
rt re
late
d
faci
litie
s 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
B.
Trav
el A
genc
ies a
nd T
our
Ope
rato
rs S
ervi
ces
(C
PC 7
471)
1)
Non
e 2)
N
one
3)
Non
e
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Non
e 2)
N
one
3)
Non
e
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
C.
Tour
ist G
uide
s Ser
vice
s (C
PC 7
472)
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
10.
REC
REA
TIO
NA
L,
CU
LTU
RA
L A
ND
SP
ORT
ING
SER
VIC
ES
252
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
A.
Ente
rtain
men
t Ser
vice
s(C
PC 9
6191
, 961
92)
Ente
rtain
men
t ser
vice
s pr
ovid
ed b
y in
divi
dual
ar
tists
or g
roup
s, su
ch a
s m
usic
al, t
heat
re, l
ive
band
, op
era,
etc
.
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Unb
ound
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
B.
New
s Age
ncy
Serv
ices
(CPC
962
) 1)
A ne
ws-
tong
-sin
-sa
(new
s age
ncy)
org
anis
edun
der f
orei
gn la
w m
ay su
pply
new
s-to
ng-s
in(n
ews c
omm
unic
atio
ns) i
n K
orea
onl
y un
der a
cont
ract
with
a n
ews a
genc
y or
gani
sed
unde
rK
orea
n la
w w
hich
has
a ra
dio
stat
ion
licen
se,
such
as Y
onha
p N
ews.
2)N
one
3)A
fore
ign
new
s age
ncy
may
est
ablis
h a
bran
ch o
rof
fice
in K
orea
for t
he so
le p
urpo
se o
f col
lect
ing
new
s. F
or g
reat
er c
erta
inty
, suc
h br
anch
or o
ffice
may
not
dis
tribu
te n
ews-
tong
-sin
(new
sco
mm
unic
atio
ns) i
n K
orea
.
1)N
one
2)N
one
3)Th
e fo
llow
ing
pers
ons m
ay n
ot se
rve
as a
dae
-py
o-ja
(for
exa
mpl
e, a
chi
ef e
xecu
tive
offic
er,
pres
iden
t, or
sim
ilar p
rinci
pal s
enio
r offi
cer)
or
edito
r of a
new
s age
ncy,
or s
erve
as i
m-w
on (a
mem
ber o
f the
boa
rd o
f dire
ctor
s) o
f Yon
hap
New
s or t
he N
ews A
genc
y Pr
omot
ion
Com
mitt
ee:
(a)
a fo
reig
n na
tiona
l; or
(b)
a K
orea
n na
tiona
l not
dom
icile
d in
Kor
ea.
253
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
The
follo
win
g pe
rson
s may
not
supp
ly n
ews
agen
cy se
rvic
es in
Kor
ea:
(a)
a fo
reig
n go
vern
men
t;(b
)a
fore
ign
pers
on;
(c)
an e
nter
pris
e or
gani
sed
unde
r Kor
ean
law
who
se d
ae-p
yo-ja
(for
exa
mpl
e, a
chi
efex
ecut
ive
offic
er, p
resi
dent
, or s
imila
rpr
inci
pal s
enio
r offi
cer)
is n
ot a
Kor
ean
natio
nal o
r is a
per
son
not d
omic
iled
inK
orea
; or
(d)
an e
nter
pris
e or
gani
sed
unde
r Kor
ean
law
inw
hich
a fo
reig
n pe
rson
hol
ds 2
5 pe
rcen
t or
mor
e eq
uity
inte
rest
s.
The
follo
win
g pe
rson
s may
not
obt
ain
a ra
dio
stat
ion
licen
se:
(a)
a fo
reig
n na
tiona
l;(b
)a
fore
ign
gove
rnm
ent o
r its
repr
esen
tativ
e; o
r(c
)an
ent
erpr
ise
orga
nise
d un
der f
orei
gn la
w.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
E.R
ecre
atio
n pa
rk se
rvic
es(C
PC 9
6491
exc
ludi
ng C
PC96
191,
961
92 a
nd b
each
serv
ices
)
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
11.
TRA
NSP
ORT
SER
VIC
ES
254
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
A.
Mar
itim
e Tr
ansp
ort
Se
rvic
es
Inte
rnat
iona
l tra
nspo
rt (C
PC 7
211,
721
2)
Ex
clud
ing
cabo
tage
1)
(a)
Line
r shi
ppin
g: N
one
(b
) B
ulk,
tram
p, a
nd o
ther
inte
rnat
iona
l
ship
ping
: Non
e 2)
N
one
3)
(a)
Esta
blis
hmen
t of a
regi
ster
ed c
ompa
ny
fo
r the
pur
pose
of o
pera
ting
a fle
et u
nder
the
na
tiona
l fla
g of
Kor
ea:
(i) I
nter
natio
nal m
ariti
me
pass
enge
r tra
nspo
rt: U
nbou
nd
(ii)
Inte
rnat
iona
l mar
itim
e ca
rgo
trans
port:
N
one
(b
) O
ther
form
s of c
omm
erci
al p
rese
nce:
Non
e
4)
(a)
Ship
's cr
ew: U
nbou
nd
(b
) Sh
ore
pers
onne
l: U
nbou
nd e
xcep
t as
indi
cate
d in
the
Hor
izon
tal C
omm
itmen
ts
sect
ion
1)
Non
e
2)
Non
e 3)
(a
) N
one
(b
) Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
The
follo
win
g se
rvic
es a
t the
po
rt ar
e m
ade
publ
icly
av
aila
ble
to in
tern
atio
nal
mar
itim
e tra
nspo
rt su
pplie
rs
on re
ason
able
and
non
-di
scrim
inat
ory
term
s and
co
nditi
ons.
1.
Pilo
tage
2.
To
win
g an
d tu
g as
sist
ance
3.
Pr
ovis
ioni
ng, f
uelli
ng
an
d w
ater
ing
4.
Gar
bage
col
lect
ing
and
ba
llast
was
te d
ispo
sal
5.
Port
capt
ain'
s ser
vice
s 6.
N
avig
atio
n ai
ds
7.
Shor
e-ba
sed
oper
atio
nal
serv
ices
ess
entia
l to
ship
ope
ratio
ns,
incl
udin
g co
mm
unic
atio
ns, w
ater
an
d el
ectri
cal s
uppl
ies
8.
Emer
genc
y re
pair
fa
cilit
ies
9.
Anc
hora
ge, b
erth
and
berth
ing
serv
ices
Not
es :
With
out p
reju
dice
to th
e sc
ope
of a
ctiv
ities
whi
ch m
ay b
e co
nsid
ered
as c
abot
age
unde
r the
rele
vant
nat
iona
l leg
isla
tion,
this
Sch
edul
e do
es n
ot in
clud
e na
tiona
l cab
otag
e se
rvic
es,
whi
ch a
re a
ssum
ed to
cov
er tr
ansp
orta
tion
of p
asse
nger
s or g
oods
bet
wee
n a
port
or p
oint
loca
ted
in th
e en
tire
Kor
ean
peni
nsul
a an
d(or
) any
adj
acen
t Kor
ean
isla
nds a
nd a
noth
er
port
or p
oint
loca
ted
in th
e en
tire
Kor
ean
peni
nsul
a an
d(or
) any
adj
acen
t Kor
ean
isla
nds,
incl
udin
g on
its c
ontin
enta
l she
lf as
pro
vide
d in
the
UN
Con
vent
ion
on th
e La
w o
f the
Se
a, a
nd tr
affic
orig
inat
ing
and
term
inat
ing
in th
e sa
me
port
or p
oint
loca
ted
in th
e en
tire
Kor
ean
peni
nsul
a an
d an
y ad
jace
nt K
orea
n is
land
s.
Mar
itim
e Aux
iliar
y Se
rvic
es
255
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
M
ariti
me
carg
o ha
ndlin
g se
rvic
es
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Stor
age
and
war
ehou
se
serv
ices
in p
orts
(C
PC 7
42**
)
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Cus
tom
s cle
aran
ce se
rvic
e 1)
U
nbou
nd*
2)
Non
e 3)
N
one
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Mar
itim
e ag
ency
serv
ices
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Non
e 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
Con
tain
er st
atio
n an
d de
pot s
ervi
ces
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
256
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Mar
itim
e fr
eigh
t fo
rwar
ding
serv
ices
(C
PC 7
48**
)42
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Ship
ping
bro
kera
ge
serv
ices
(C
PC 7
48**
, 749
**)43
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Mai
nten
ance
and
repa
ir of
ve
ssel
s44
(CPC
886
8)
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
Ren
tal o
f ves
sels
with
cre
w
(CPC
721
3)
1)N
one
2)N
one
3)U
nbou
nd fo
r the
est
ablis
hmen
t of a
regi
ster
edco
mpa
ny fo
r the
pur
pose
of o
pera
ting
a fle
etun
der t
he n
atio
nal f
lag
of K
orea
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)U
nbou
nd fo
r the
est
ablis
hmen
t of a
regi
ster
edco
mpa
ny fo
r the
pur
pose
of o
pera
ting
a fle
etun
der t
he n
atio
nal f
lag
of K
orea
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
42 F
reig
ht fo
rwar
ding
serv
ices
by
vess
els i
n th
e na
me
of th
e fo
rwar
der (
incl
udin
g an
y fo
reig
n fo
rwar
ders
und
er c
ontra
ct) u
nder
CPC
748
. 43
748
**, 7
49**
: Bro
kera
ge se
rvic
es fo
r mar
itim
e ca
rgo
trans
port
or fo
r the
cha
rterin
g, le
asin
g, p
urch
asin
g or
selli
ng o
f ves
sels
und
er C
PC 7
48 a
nd 7
49.
44 S
ervi
ces,
such
as
repa
ir an
d m
anag
emen
t of v
esse
ls, m
anag
emen
t of c
rew
, and
mar
ine
insu
ranc
e, p
rovi
ded
on b
ehal
f of a
mar
itim
e pa
ssen
ger t
rans
port
busi
ness
, m
ariti
me
carg
o tra
nspo
rt bu
sine
ss o
r ves
sel l
easi
ng b
usin
ess.
257
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Push
ing
and
tow
ing
serv
ices
(C
PC 7
214)
1)
Unb
ound
2)
N
one
3)
Unb
ound
for t
he e
stab
lishm
ent o
f a re
gist
ered
co
mpa
ny fo
r the
pur
pose
of o
pera
ting
a fle
et
unde
r the
nat
iona
l fla
g of
Kor
ea
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Unb
ound
2)
N
one
3)
Unb
ound
for t
he e
stab
lishm
ent o
f a re
gist
ered
co
mpa
ny fo
r the
pur
pose
of o
pera
ting
a fle
et
unde
r the
nat
iona
l fla
g of
Kor
ea
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
Tally
, mea
surin
g an
d su
rvey
serv
ices
(C
PC 7
45**
)45
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
C.
Air
Tran
spor
t Ser
vice
s46
Com
pute
r res
erva
tion
sy
stem
(CR
S) se
rvic
es
1)
Non
e
2)
Non
e 3)
N
one
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Non
e
2)
Non
e 3)
N
one
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
Se
lling
and
mar
ketin
g of
ai
r tra
nspo
rt se
rvic
es
1)
Non
e
2)
Non
e 3)
N
one
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)
Non
e
2)
Non
e 3)
N
one
4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
M
aint
enan
ce a
nd re
pair
of
airc
raft
(par
t of C
PC 8
868)
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
1)
Unb
ound
* 2)
N
one
3)
Non
e 4)
U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
45 T
ally
, mea
surin
g an
d su
rvey
serv
ices
onl
y ap
ply
to th
e m
ariti
me
trans
port
sect
or.
46 A
s def
ined
in th
e G
ATS
Ann
ex o
n A
ir Tr
ansp
ort S
ervi
ces.
258
Mod
es o
f sup
ply:
1) C
ross
-bor
der s
uppl
y 2)
Con
sum
ptio
n ab
road
3)
Com
mer
cial
pre
senc
e 4)
Pre
senc
e of
nat
ural
per
sons
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
R
enta
l of a
ircra
ft w
ith
crew
(CPC
734
)47
1)2)
Airc
raft
used
by
a K
orea
n ai
r car
rier h
as to
be
regi
ster
ed in
Kor
ea.
To
be
regi
ster
ed, a
ircra
ft m
ay b
e re
quire
d to
be
owne
d ei
ther
by
natu
ral p
erso
ns m
eetin
g sp
ecifi
c na
tiona
lity
crite
ria o
r by
jurid
ical
per
sons
mee
ting
spec
ific
crite
ria re
gard
ing
owne
rshi
p of
cap
ital
and
cont
rol.
B
y ex
cept
ion,
airc
raft
regi
ster
ed in
the
Uni
ted
Kin
gdom
may
be
leas
ed b
y an
air
carr
ier o
f the
U
nite
d K
ingd
om to
a K
orea
n ai
r car
rier i
n sp
ecifi
c ci
rcum
stan
ces f
or th
e K
orea
n ai
r car
rier’s
ex
cept
iona
l nee
ds, s
easo
nal c
apac
ity n
eeds
, or
need
s to
over
com
e op
erat
iona
l diff
icul
ties,
whi
ch
cann
ot re
ason
ably
be
satis
fied
thro
ugh
leas
ing
airc
raft
regi
ster
ed w
ithin
Kor
ea, a
nd su
bjec
t to
obta
inin
g th
e ap
prov
al o
f a li
mite
d du
ratio
n fr
om
Kor
ea.
3) A
ircra
ft us
ed b
y a
Kor
ean
air c
arrie
r has
to b
e
regi
ster
ed in
Kor
ea.
To b
e re
gist
ered
, airc
raft
may
be
requ
ired
to b
e ow
ned
eith
er b
y na
tura
l per
sons
mee
ting
spec
ific
natio
nalit
y cr
iteria
or b
y ju
ridic
al p
erso
ns m
eetin
g sp
ecifi
c cr
iteria
rega
rdin
g ow
ners
hip
of c
apita
l an
d co
ntro
l.
Airc
raft
mus
t be
oper
ated
by
an a
ir ca
rrie
r ow
ned
eith
er b
y na
tura
l per
sons
mee
ting
spec
ific
natio
nalit
y cr
iteria
or b
y ju
ridic
al p
erso
ns m
eetin
g sp
ecifi
c cr
iteria
rega
rdin
g ow
ners
hip
of c
apita
l an
d co
ntro
l. 4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1) 2
) Airc
raft
used
by
a K
orea
n ai
r car
rier h
as to
be
regi
ster
ed in
Kor
ea.
To
be
regi
ster
ed, a
ircra
ft m
ay b
e re
quire
d to
be
owne
d ei
ther
by
natu
ral p
erso
ns m
eetin
g sp
ecifi
c na
tiona
lity
crite
ria o
r by
jurid
ical
pe
rson
s mee
ting
spec
ific
crite
ria re
gard
ing
owne
rshi
p of
cap
ital a
nd c
ontro
l.
By
exce
ptio
n, a
ircra
ft re
gist
ered
in th
e U
nite
d K
ingd
om m
ay b
e le
ased
by
an a
ir ca
rrie
r of t
he
Uni
ted
Kin
gdom
to a
Kor
ean
air c
arrie
r in
spec
ific
circ
umst
ance
s for
the
Kor
ean
air
carr
ier’s
exc
eptio
nal n
eeds
, sea
sona
l cap
acity
ne
eds,
or n
eeds
to o
verc
ome
oper
atio
nal
diffi
culti
es, w
hich
can
not r
easo
nabl
y be
sa
tisfie
d th
roug
h le
asin
g ai
rcra
ft re
gist
ered
w
ithin
Kor
ea, a
nd su
bjec
t to
obta
inin
g th
e ap
prov
al o
f a li
mite
d du
ratio
n fr
om K
orea
. 3)
Airc
raft
used
by
a K
orea
n ai
r car
rier h
as to
be
regi
ster
ed in
Kor
ea.
T
o be
regi
ster
ed, a
ircra
ft m
ay b
e re
quire
d to
be
owne
d ei
ther
by
natu
ral p
erso
ns m
eetin
g sp
ecifi
c na
tiona
lity
crite
ria o
r by
jurid
ical
pe
rson
s mee
ting
spec
ific
crite
ria re
gard
ing
owne
rshi
p of
cap
ital a
nd c
ontro
l.
Airc
raft
mus
t be
oper
ated
by
an a
ir ca
rrie
r ow
ned
eith
er b
y na
tura
l per
sons
mee
ting
spec
ific
natio
nalit
y cr
iteria
or b
y ju
ridic
al
pers
ons m
eetin
g sp
ecifi
c cr
iteria
rega
rdin
g ow
ners
hip
of c
apita
l and
con
trol.
4) U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
l C
omm
itmen
ts se
ctio
n
47 T
his s
ervi
ce is
lim
ited
to w
et-le
ase
serv
ice.
259
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Gro
und-
hand
ling
serv
ices
1)
Unb
ound
2)U
nbou
nd3)
Unb
ound
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
E.R
ail T
rans
port
Serv
ices
a.Pa
ssen
ger t
rans
porta
tion
(CPC
711
1)
b.Fr
eigh
t tra
nspo
rtatio
n(C
PC 7
112)
1)U
nbou
nd*
2)N
one
3)U
nbou
nd fo
r exi
stin
g op
erat
ions
.Es
tabl
ishm
ent o
f new
ope
ratio
ns a
re su
bjec
t to
anec
onom
ic n
eeds
test
.M
ain
crite
ria: e
stab
lishm
ent o
f ord
er a
nddi
scip
line
in th
e ra
ilroa
d in
dust
ry.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)U
nbou
nd*
2)N
one
3)U
nbou
nd
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
c.M
aint
enan
ce a
nd re
pair
of ra
il (p
art o
f CPC
8868
)48
d.Se
rvic
es a
uxili
ary
to ra
iltra
nspo
rt se
rvic
es (p
art o
fC
PC 7
41, C
PC 7
113)
49
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
F.R
oad
Tran
spor
t Ser
vice
s
a.Tr
ansp
orta
tion
ofco
ntai
neriz
ed fr
eigh
tex
clud
ing
cabo
tage
(CPC
7123
3**)
1)U
nbou
nd2)
Non
e3)
Lice
nses
are
gra
nted
onl
y to
inte
rnat
iona
lsh
ippi
ng c
ompa
nies
.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Car
goes
are
con
fined
to c
onta
iner
ized
car
goes
to b
e ex
porte
d or
impo
rted.
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
48 C
omm
itmen
ts o
n m
aint
enan
ce a
nd re
pair
serv
ices
of r
ail o
nly
appl
y to
the
priv
atel
y ow
ned
rail
faci
litie
s.
49 C
omm
itmen
ts o
n se
rvic
es a
uxili
ary
to ra
il tra
nspo
rt se
rvic
es o
nly
appl
y to
the
priv
atel
y ow
ned
rail
faci
litie
s.
260
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
b.R
enta
l of n
on-s
ched
uled
serv
ices
of b
uses
with
oper
ator
s(C
PC 7
1223
)
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
c.M
aint
enan
ce a
nd re
pair
of ro
ad e
quip
men
t(p
art o
f CPC
886
7, p
art
of C
PC 6
112)
1)U
nbou
nd2)
Non
e3)
Esta
blis
hmen
t of a
com
mer
cial
pre
senc
e is
subj
ect
to a
n ec
onom
ic n
eeds
test
.4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
G.
Pipe
line
Tran
spor
t(C
PC 7
131*
*)
Onl
y th
e tra
nspo
rtatio
n of
oil p
rodu
cts,
excl
udin
g th
etra
nspo
rtatio
n of
LPG
50
1)U
nbou
nd2)
Unb
ound
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)N
one
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
H.
Serv
ices
Aux
iliar
y to
all
Mod
es o
f Tra
nspo
rt
b.St
orag
e an
d w
areh
ouse
serv
ices
oth
er th
anth
ose
in p
orts
(CPC
742*
*)Ex
clud
ing
serv
ices
for
agric
ultu
ral,
fishe
ry a
nd
lives
tock
pro
duct
s
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
1)U
nbou
nd*
2)N
one
3)N
one
4)U
nbou
nd e
xcep
t as i
ndic
ated
in th
e H
oriz
onta
lC
omm
itmen
ts se
ctio
n
I.O
ther
Tra
nspo
rt Se
rvic
es
CO
MB
INED
TRA
NSP
ORT
SER
VIC
ES
50 P
ipel
ine
trans
port
of n
atur
al g
as is
to b
e fo
und
unde
r “A
ll Se
ctor
s –
Gas
Indu
stry
” in
the
Sche
dule
of S
peci
fic C
omm
itmen
ts o
f Est
ablis
hmen
t.
261
Mod
es o
f sup
ply:
1)
Cro
ss-b
orde
r sup
ply
2)C
onsu
mpt
ion
abro
ad3)
Com
mer
cial
pre
senc
e4)
Pres
ence
of n
atur
al p
erso
ns
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
Add
ition
al C
omm
itmen
ts
Frei
ght f
orw
ardi
ng fo
r rai
l tra
nspo
rt51
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)U
nbou
nd2)
Non
e3)
Non
e4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
12.
OTH
ER S
ERV
ICES
NO
TIN
CLU
DED
ELSE
WH
ERE
b.H
aird
ress
ing
and
othe
rbe
auty
serv
ices
(CPC
970
2)
1)N
one
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
1)N
one
2)N
one
3)U
nbou
nd4)
Unb
ound
exc
ept a
s ind
icat
ed in
the
Hor
izon
tal
Com
mitm
ents
sect
ion
51 “
Frei
ght f
orw
ardi
ng fo
r rai
l tra
nspo
rt” m
eans
aux
iliar
y se
rvic
es to
be
carr
ied
out a
t the
end
s of r
ailw
ay tr
ansp
ort w
hich
incl
ude
colle
ctin
g co
ntai
neriz
ed c
argo
es, c
ontra
ctin
g w
ith th
e K
orea
Rai
lroad
Cor
pora
tion
for t
rans
port
of th
e fr
eigh
t on
train
s, an
d lo
adin
g/un
load
ing
and
deliv
ery
of fr
eigh
t.
262
ATTA
CH
ME
NT
I
(Hig
her
Edu
catio
n Se
rvic
es)
Th
e ty
pes o
f hig
her e
duca
tiona
l ins
titut
ions
are
as f
ollo
ws:
1.
Juni
or C
olle
ges:
hig
her e
duca
tiona
l ins
titut
ions
whi
ch o
ffer a
2-3
yea
r cur
ricul
um a
nd c
onfe
r an
asso
ciat
e de
gree
, in
acco
rdan
ce
with
the
Hig
her E
duca
tion
Law
. 2.
U
nive
rsiti
es: h
ighe
r edu
catio
nal i
nstit
utio
ns w
hich
offe
r a 4
-6 y
ear c
urric
ulum
and
con
fer a
bac
helo
r’s d
egre
e, in
acc
orda
nce
with
the
Hig
her E
duca
tion
Law
. 3.
In
dust
rial U
nive
rsiti
es: h
ighe
r edu
catio
nal i
nstit
utio
ns w
hich
offe
r edu
catio
n on
the k
now
ledg
e and
skill
s nee
ded
for a
n in
dust
rial
soci
ety,
and
con
fer a
bac
helo
r’s d
egre
e, in
acc
orda
nce
with
the
Hig
her E
duca
tion
Law
. 4.
Te
chni
cal
Col
lege
s: h
ighe
r ed
ucat
iona
l in
stitu
tions
whi
ch o
ffer
a 2
year
cur
ricul
um t
o tra
in e
xper
t m
anpo
wer
, an
d co
nfer
as
soci
ate
degr
ees a
nd b
ache
lor’s
deg
rees
, in
acco
rdan
ce w
ith th
e H
ighe
r Edu
catio
n La
w.
5.
Intra
-com
pany
Uni
vers
ities
: hi
gher
edu
catio
nal
inst
itutio
ns w
hich
are
est
ablis
hed
and
oper
ated
by
empl
oyer
s to
edu
cate
em
ploy
ees,
and
conf
er d
egre
es o
r di
plom
as e
quiv
alen
t to
tho
se o
f Ju
nior
Col
lege
s or
Uni
vers
ities
, in
acco
rdan
ce w
ith t
he
Life
long
Edu
catio
n Ac
t.
263
ATTA
CH
ME
NT
II
(A
dult
Edu
catio
n Se
rvic
es)
Th
e ty
pes o
f adu
lt ed
ucat
ion
inst
itutio
ns a
re a
s fol
low
s:
1.
Hag
-won
(priv
ate
teac
hing
inst
itute
s fo
r adu
lts) a
re fa
cilit
ies
that
pro
vide
tuto
ring
serv
ices
on
the
follo
win
g su
bjec
ts re
late
d to
life
long
or
voca
tiona
l edu
catio
n to
ten
peop
le o
r mor
e fo
r a p
erio
d of
30
days
or l
onge
r in
acco
rdan
ce w
ith th
e Es
tabl
ishm
ent a
nd O
pera
tion
of P
rivat
e Te
achi
ng In
stitu
tes a
nd E
xtra
curr
icul
ar L
esso
ns A
ct.
Excl
uded
are
scho
ols,
libra
ries,
mus
eum
s, w
orkp
lace
faci
litie
s tha
t pro
vide
edu
catio
n se
rvic
es to
em
ploy
ees,
lifel
ong
educ
atio
n fa
cilit
ies i
n ac
cord
ance
with
the
Life
long
Edu
catio
n Ac
t, an
d dr
ivin
g sc
hool
s.
(a)
Indu
stria
l in
fras
truct
ure
tech
nolo
gy:
mac
hine
ry,
auto
mob
ile,
met
al,
chem
ical
s an
d ce
ram
ics,
elec
trics
, te
leco
mm
unic
atio
ns,
elec
troni
cs,
ship
build
ing,
avi
atio
n, c
ivil
engi
neer
ing,
tex
tile
and
appa
rels
, m
inin
g re
sour
ces,
land
dev
elop
men
t, ag
ricul
ture
and
fo
rest
ry, o
cean
ic in
dust
ry, e
nerg
y, c
rafts
, env
ironm
ent,
trans
porta
tion,
and
safe
ty m
anag
emen
t (b
) A
pplie
d in
dust
rial t
echn
olog
y: d
esig
n, h
air a
nd c
osm
etol
ogy,
food
and
bev
erag
e, p
acka
ging
, prin
ting,
pho
togr
aphy
, and
pia
no tu
ning
(c
) In
dust
rial s
ervi
ces:
ste
nogr
aphy
, com
puta
ble
acco
untin
g, e
-com
mer
ce, j
ob c
onsu
lting
, soc
ial s
urve
y, c
onve
ntio
n pl
anni
ng, c
onsu
mer
co
nsul
ting,
and
tele
mar
ketin
g
(d)
Gen
eral
serv
ices
: pet
gro
omin
g, fu
nera
l ser
vice
, hos
pice
, flig
ht c
rew
, and
hos
pita
l coo
rdin
ator
s
(e)
Com
pute
r: co
mpu
ters
, gam
es, r
obot
s, da
ta p
roce
ssin
g, te
leco
mm
unic
atio
ns e
quip
men
t, th
e In
tern
et, a
nd so
ftwar
e (f
) C
ultu
re a
nd to
uris
m: p
ublis
hing
, im
agin
g an
d re
cord
ing,
film
, bro
adca
stin
g, c
hara
cter
pro
duct
s, an
d to
uris
m
(g)
Nur
sing
ass
ista
nt: n
ursi
ng a
ssis
tant
(h
) M
anag
emen
t and
offi
ce w
ork:
fina
nce,
insu
ranc
e, d
istri
butio
n, re
al e
stat
e, s
ecre
tary
ser
vice
, acc
ount
ing,
pen
writ
ing,
boo
kkee
ping
, ab
acus
, men
tal a
rithm
etic
, and
spee
d-re
adin
g (i)
In
tern
atio
nal:
fore
ign
lang
uage
s for
adu
lts, i
nter
pret
atio
n, a
nd tr
ansl
atio
n (j)
H
uman
ities
: col
lege
tran
sfer
, pub
lic m
anag
emen
t, bu
sine
ss m
anag
emen
t, ac
coun
ting,
stat
istic
s, an
d pu
blic
serv
ice
exam
inat
ion
(k
) A
rts: t
radi
tiona
l Kor
ean
mus
ic, t
radi
tiona
l dan
ce, c
allig
raph
y, fl
ower
arra
ngem
ent,
flora
l art
and
craf
ts, c
arto
on, t
heat
re ar
ts, m
odel
ling,
co
nver
satio
n sk
ills,
mag
ic, a
pplie
d m
usic
, voc
al m
usic
, mod
ern
danc
e, b
aduk
, and
spee
ch
(l)
Rea
ding
room
52: r
eadi
ng ro
oms t
hat a
re n
ot re
late
d to
priv
ate
inst
itute
s tha
t tea
ch re
gula
r cur
ricul
a su
bjec
ts
2.
Life
long
edu
catio
n fa
cilit
ies
are
the
faci
litie
s w
hich
hav
e be
en a
ppro
ved
by, r
egis
tere
d w
ith o
r no
tifie
d to
the
Min
istry
of
Educ
atio
n in
ac
cord
ance
with
the
Life
long
Edu
catio
n Ac
t. Li
felo
ng a
dult
educ
atio
n fa
cilit
ies r
efer
to li
felo
ng e
duca
tion
faci
litie
s ann
exed
to w
orkp
lace
s, N
GO
s, sc
hool
s, an
d m
edia
org
anis
atio
ns, l
ifelo
ng e
duca
tion
faci
litie
s re
late
d to
the
deve
lopm
ent o
f kno
wle
dge
and
hum
an re
sour
ces,
and
on-li
ne li
felo
ng e
duca
tion
faci
litie
s, al
l of w
hich
are
est
ablis
hed
for a
dults
.
52 A
pla
ce w
here
peo
ple
go to
stud
y.
264
B.
Sche
dule
of S
peci
fic C
omm
itmen
ts in
Est
ablis
hmen
t1
EX
PLA
NAT
OR
Y N
OT
ES
1.Th
e lis
t of c
omm
itmen
ts b
elow
(her
eina
fter r
efer
red
to a
s “t
his
Sche
dule
”) in
dica
tes
the
econ
omic
act
iviti
es li
bera
lised
pur
suan
t to
Arti
cle
7.13
and,
by
mea
ns o
f res
erva
tions
, the
mar
ket a
cces
s and
nat
iona
l tre
atm
ent l
imita
tions
that
app
ly to
est
ablis
hmen
ts a
nd in
vest
ors o
f the
Uni
ted
Kin
gdom
inth
ose
activ
ities
. Thi
s Sch
edul
e is
com
pose
d of
the
follo
win
g el
emen
ts:
(a)
the
first
col
umn
indi
catin
g th
e se
ctor
or s
ub-s
ecto
r in
whi
ch th
e co
mm
itmen
t is u
nder
take
n by
Kor
ea, a
nd th
e sc
ope
of li
bera
lisat
ion
to w
hich
the
rese
rvat
ions
app
ly;
(b)
the
seco
nd c
olum
n de
scrib
ing
the
appl
icab
le re
serv
atio
ns to
Arti
cle
7.11
in th
e se
ctor
or s
ub-s
ecto
r ind
icat
ed in
firs
t col
umn;
and
(c)
the
third
col
umn
desc
ribin
g th
e ap
plic
able
rese
rvat
ions
to A
rticl
e 7.
12 in
the
sect
or o
r sub
-sec
tor i
ndic
ated
in fi
rst c
olum
n.
Esta
blis
hmen
t in
sect
ors o
r sub
-sec
tors
cov
ered
by
this
agr
eem
ent a
nd n
ot m
entio
ned
in th
is S
ched
ule
is n
ot c
omm
itted
.
2.Es
tabl
ishm
ent i
n se
rvic
e se
ctor
s, w
hich
is a
lread
y co
vere
d in
Kor
ea’s
Sch
edul
e of
Spe
cific
Com
mitm
ents
in S
ervi
ce S
ecto
rs, i
s no
t cov
ered
inth
is S
ched
ule.
3.M
easu
res
inco
nsis
tent
with
bot
h A
rticl
es 7
.11
and
7.12
sha
ll be
insc
ribed
in th
e co
lum
n re
latin
g to
Arti
cle
7.11
. In
this
cas
e, th
e in
scrip
tion
will
be c
onsi
dere
d to
pro
vide
a c
ondi
tion
or q
ualif
icat
ion
to A
rticl
e 7.
12 a
s wel
l.2
4.N
otw
ithst
andi
ng A
rticl
e 7.
11, n
on-d
iscr
imin
ator
y re
quire
men
ts a
s reg
ards
the
type
s of l
egal
form
of a
n es
tabl
ishm
ent d
o no
t nee
d to
be
spec
ified
in th
is S
ched
ule
in o
rder
to b
e m
aint
aine
d or
ado
pted
by
Kor
ea.
5.K
orea
doe
s no
t und
erta
ke a
ny c
omm
itmen
t und
er A
rticl
es 7
.18
and
7.19
on
key
pers
onne
l, gr
adua
te tr
aine
es, a
nd b
usin
ess
serv
ice
selle
rs in
1 The
lim
itatio
ns o
n ke
y pe
rson
nel,
grad
uate
trai
nees
and
bus
ines
s se
rvic
es s
elle
rs, i
nscr
ibed
in “
1. H
oriz
onta
l Com
mitm
ents
” of
the
Sche
dule
of S
peci
fic C
omm
itmen
ts in
Ser
vice
s Se
ctor
s, ar
e al
so a
pplie
d to
the
Sche
dule
of S
peci
fic C
omm
itmen
ts in
Est
ablis
hmen
t, w
here
rele
vant
.
2 For
the
purp
oses
of t
his p
arag
raph
, tre
atm
ent p
rovi
ded
unde
r Arti
cle
7.12
is n
o le
ss fa
vour
able
than
that
com
mitt
ed in
free
trad
e ag
reem
ents
to w
hich
Kor
ea is
a p
arty
and
whi
ch
will
ent
er in
to fo
rce
afte
r the
sign
atur
e of
this
Agr
eem
ent.
265
econ
omic
act
iviti
es w
hich
are
not
libe
ralis
ed p
ursu
ant t
o A
rticl
e 7.
13.
Kor
ea’s
com
mitm
ents
und
erta
ken
unde
r Arti
cles
7.1
8 an
d 7.
19 o
n ke
y pe
rson
nel,
grad
uate
trai
nees
, and
bus
ines
s se
rvic
e se
llers
do
not a
pply
in c
ases
w
here
the i
nten
t or e
ffect
of t
heir
tem
pora
ry p
rese
nce i
s to
inte
rfer
e with
or o
ther
wis
e affe
ct th
e out
com
e of a
ny la
bour
/man
agem
ent d
ispu
te o
r neg
otia
tion.
Kor
ea m
ay ta
ke m
easu
res a
ffect
ing
natu
ral p
erso
ns se
ekin
g ac
cess
to th
e em
ploy
men
t mar
ket o
f Kor
ea a
nd m
easu
res r
egar
ding
citi
zens
hip,
resi
denc
e or
em
ploy
men
t on
a pe
rman
ent b
asis
.
Key
per
sonn
el, g
radu
ate
train
ees,
and
busi
ness
serv
ice
selle
rs w
hose
ent
ries a
nd te
mpo
rary
stay
s are
per
mitt
ed sh
all o
bser
ve th
e im
mig
ratio
n an
d la
bour
la
ws o
f Kor
ea.
6.In
ide
ntify
ing
indi
vidu
al s
ecto
rs a
nd s
ub-s
ecto
rs:
ISIC
rev
3.1
mea
ns t
he I
nter
natio
nal
Stan
dard
Ind
ustri
al C
lass
ifica
tion
of a
ll Ec
onom
icA
ctiv
ities
as s
et o
ut in
Sta
tistic
al O
ffice
of t
he U
nite
d N
atio
ns, S
tatis
tical
Pap
ers,
Serie
s M, N
° 4, I
SIC
REV
3.1
, 200
2.
7.Th
is S
ched
ule
does
not
incl
ude
mea
sure
s re
latin
g to
qua
lific
atio
n re
quire
men
ts a
nd p
roce
dure
s, te
chni
cal s
tand
ards
and
lice
nsin
g re
quire
men
tsw
hen
they
do
not c
onst
itute
a m
arke
t acc
ess
or a
nat
iona
l tre
atm
ent l
imita
tion
with
in th
e m
eani
ng o
f Arti
cles
7.1
1 an
d 7.
12. T
hose
mea
sure
s (e
.g. n
eed
to o
btai
n a
licen
se, u
nive
rsal
ser
vice
obl
igat
ions
, nee
d to
obt
ain
reco
gniti
on o
f qua
lific
atio
ns in
regu
late
d se
ctor
s, ne
ed to
pas
s sp
ecifi
c ex
amin
atio
ns,
incl
udin
g la
ngua
ge e
xam
inat
ions
, and
non
-dis
crim
inat
ory
requ
irem
ents
that
cer
tain
act
iviti
es m
ay n
ot b
e ca
rrie
d ou
t in
envi
ronm
enta
l pro
tect
ed a
reas
or
area
s of p
artic
ular
his
toric
and
arti
stic
inte
rest
), ev
en if
not
list
ed, a
pply
in a
ny c
ase
to e
stab
lishm
ents
and
inve
stor
s of t
he o
ther
Par
ty.
8.In
acc
orda
nce w
ith A
rticl
e 7.1
, thi
s Sch
edul
e doe
s not
incl
ude m
easu
res c
once
rnin
g su
bsid
ies o
r gra
nts p
rovi
ded
by K
orea
, inc
ludi
ng g
over
nmen
t-su
ppor
ted
loan
s, gu
aran
tees
and
insu
ranc
e.
9.Th
e rig
hts a
nd o
blig
atio
ns a
risin
g fr
om th
is S
ched
ule
shal
l hav
e no
self-
exec
utin
g ef
fect
and
thus
con
fer n
o rig
hts d
irect
ly o
n na
tura
l or j
urid
ical
pers
ons.
266
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
ALL
SEC
TOR
S IN
CLU
DED
IN T
HIS
SC
HED
ULE
Acq
uisit
ion
of L
and
Unb
ound
for m
easu
res
with
resp
ect t
o th
e ac
quis
ition
of l
and
by fo
reig
n pe
rson
s, ex
cept
that
a ju
ridic
al p
erso
n sh
all c
ontin
ue to
be
perm
itted
to
acqu
ire la
nd w
here
the
jurid
ical
per
son:
(1
) is
not
dee
med
fore
ign
unde
r Arti
cle
2 of
the
Fore
igne
r’s L
and
Acqu
isiti
on A
ct, a
nd
(2)
is d
eem
ed f
orei
gn u
nder
the
For
eign
er’s
Land
Acq
uisi
tion
Act
or i
s a
bran
ch o
f a
fore
ign
jurid
ical
per
son,
sub
ject
to
appr
oval
or
notif
icat
ion
in a
ccor
danc
e w
ith t
he F
orei
gner
’s La
nd A
cqui
sitio
n Ac
t, if
the
land
is to
be
used
for
any
of
the
follo
win
g le
gitim
ate
busi
ness
pu
rpos
es:
(a
) or
dina
ry b
usin
ess a
ctiv
ities
;
(b)
hous
ing
for s
enio
r man
agem
ent;
or
(c
) fu
lfilli
ng la
nd-h
oldi
ng re
quire
men
ts st
ipul
ated
by
perti
nent
law
s.
Unb
ound
for m
easu
res w
ith re
spec
t to
the
acqu
isiti
on o
f far
mla
nd b
y fo
reig
n pe
rson
s.
In
vest
men
t U
nbou
nd f
or m
easu
res
with
res
pect
to
the
trans
fer
or d
ispo
sitio
n of
equ
ity i
nter
ests
or
asse
ts h
eld
by s
tate
ent
erpr
ises
or
gove
rnm
enta
l au
thor
ities
.34
A f
orei
gner
who
inte
nds
to m
ake
a fo
reig
n di
rect
inve
stm
ent s
hall,
in a
dvan
ce, m
ake
repo
rt to
the
Min
iste
r of
Tra
de, I
ndus
try a
nd E
nerg
y in
ac
cord
ance
with
the
Ord
inan
ce o
f the
Min
iste
r of T
rade
, Ind
ustry
and
Ene
rgy.
The
sam
e lim
itatio
n sh
all a
pply
to a
ny m
odifi
catio
n of
mat
ters
su
ch a
s the
am
ount
of f
orei
gn d
irect
inve
stm
ent a
nd th
e ra
tio th
ereo
f.
Unb
ound
for
mea
sure
s w
ith re
spec
t to
inve
stm
ents
in th
e de
fens
e in
dust
ry.
Fore
ign
inve
stor
s w
ho in
tend
to a
cqui
re th
e ou
tsta
ndin
g sh
ares
of
defe
nse
indu
stry
oth
er th
an th
e ne
wly
issu
ed o
nes s
hall
obta
in a
prio
r per
mis
sion
from
the
Min
iste
r of T
rade
, Ind
ustry
and
Ene
rgy.
Dis
adva
ntag
ed G
roup
s U
nbou
nd fo
r mea
sure
s th
at a
ccor
ds ri
ghts
or p
refe
renc
es to
soc
ially
or e
cono
mic
ally
dis
adva
ntag
ed g
roup
s, su
ch a
s th
e di
sabl
ed, p
erso
ns w
ho
have
rend
ered
dis
tingu
ishe
d se
rvic
es to
the
stat
e, a
nd e
thni
c m
inor
ities
.5
3 Thi
s res
erva
tion
does
not
app
ly to
form
er p
rivat
e en
terp
rises
that
are
ow
ned
by th
e st
ate
as a
resu
lt of
cor
pora
te re
orga
nisa
tion
proc
esse
s.
4 For
pur
pose
s of t
his r
eser
vatio
n, “
stat
e en
terp
rise”
shal
l inc
lude
any
ent
erpr
ise
crea
ted
for t
he so
le p
urpo
se o
f sel
ling
or d
ispo
sing
of e
quity
inte
rest
s or a
sset
s of o
ther
stat
e en
terp
rises
or g
over
nmen
tal a
utho
ritie
s.
5 The
mea
sure
s for
com
pani
es e
mpl
oyin
g di
sadv
anta
ged
grou
ps a
re a
pplie
d in
a n
on-d
iscr
imin
ator
y w
ay.
267
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
ALL
SEC
TOR
S IN
CLU
DED
IN T
HIS
SC
HED
ULE
Stat
e-O
wne
d N
atio
nal E
lect
roni
c/In
form
atio
n Sy
stem
U
nbou
nd f
or m
easu
res
affe
ctin
g th
e ad
min
istra
tion
and
oper
atio
n of
any
sta
te-o
wne
d el
ectro
nic
info
rmat
ion
syst
em th
at c
onta
ins
prop
rieta
ry
gove
rnm
ent i
nfor
mat
ion
or in
form
atio
n ga
ther
ed p
ursu
ant t
o th
e re
gula
tory
func
tions
and
pow
ers o
f the
gov
ernm
ent.
Thi
s res
erva
tion
does
not
ap
ply
to p
aym
ent a
nd se
ttlem
ent s
yste
ms r
elat
ed to
fina
ncia
l ser
vice
s.
Fire
arm
s, Sw
ords
, Exp
losi
ves,
Etc
. U
nbou
nd f
or m
easu
res
with
res
pect
to th
e fir
earm
s, sw
ords
, and
exp
losi
ves
sect
ors,
incl
udin
g th
e m
anuf
actu
re, u
se, s
ale,
sto
rage
, tra
nspo
rt,
impo
rt, e
xpor
t, an
d po
sses
sion
of f
irear
ms,
swor
ds, o
r exp
losi
ves.
Ato
mic
Ene
rgy
Unb
ound
for m
easu
res w
ith re
spec
t to
the
atom
ic e
nerg
y in
dust
ry.
Ele
ctri
c Po
wer
Indu
stry
U
nbou
nd fo
r mea
sure
s w
ith re
spec
t to
elec
tric
pow
er g
ener
atio
n, tr
ansm
issi
on, d
istri
butio
n, a
nd s
ale.
Any
suc
h m
easu
re s
hall
not d
ecre
ase
the
leve
l of a
ggre
gate
fore
ign
owne
rshi
p pe
rmitt
ed in
the
elec
tric
pow
er in
dust
ry a
s lis
ted
unde
r sec
tor D
(a) a
) (IS
IC re
v 3.
1: 4
01).
Gas
Indu
stry
U
nbou
nd fo
r mea
sure
s w
ith re
spec
t to
the
impo
rt an
d w
hole
sale
dis
tribu
tion
of n
atur
al g
as a
nd th
e op
erat
ion
of te
rmin
als
and
the
natio
nal h
igh
pres
sure
pip
elin
e ne
twor
k. A
ny s
uch
mea
sure
shal
l not
dec
reas
e th
e le
vel o
f agg
rega
te fo
reig
n ow
ners
hip
perm
itted
in th
e ga
s ind
ustry
as l
iste
d un
der s
ecto
r D (a
) b) (
ISIC
rev
3.1:
402
).
A.
AG
RIC
ULT
UR
E,H
UN
TIN
G, F
OR
ESTR
Y
(a)
Agr
icul
ture
, hun
ting
and
rela
ted
serv
ice
activ
ities
(ISI
C re
v 3.
1:01
1,01
2,01
3,01
5)
Unb
ound
for r
ice
or b
arle
y fa
rmin
g.
Fore
ign
inve
stor
s m
ay n
ot h
old
50 p
erce
nt o
r m
ore
of t
he e
quity
in
tere
sts o
f an
ente
rpris
e en
gage
d in
bee
f cat
tle fa
rmin
g.
Unb
ound
for r
ice
or b
arle
y fa
rmin
g.
(b)
Fore
stry
and
logg
ing
(ISI
C re
v 3.
1: 0
2)N
one
Non
e
268
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
B.
MIN
ING
AN
DQ
UA
RRY
ING
(a)
Min
ing
of c
oal a
nd li
gnite
;ex
tract
ion
of p
eat
(ISI
C re
v 3.
1: 1
0)
Non
e N
one
(b)
Extra
ctio
n of
cru
depe
trole
um a
nd n
atur
al g
as;
serv
ice
activ
ities
inci
dent
alto
oil
and
gas e
xtra
ctio
n,ex
clud
ing
surv
eyin
g(I
SIC
rev
3.1:
11)
Non
e, u
nder
the
follo
win
g co
nditi
ons:
(a)
Subm
arin
e pe
trole
um6
extra
ctio
n rig
hts
can
be h
eld
only
by
the
gove
rnm
ent;
and
(b)
Thes
e rig
hts
may
be
trans
ferre
d to
a li
cens
ee fo
r a li
mite
d pe
riod,
prov
ided
the
app
lican
t m
eets
non-
disc
rimin
ator
y an
d ob
ject
ivel
yas
sess
ed q
ualif
icat
ion
requ
irem
ents.
Non
e
(d)
Min
ing
of m
etal
ore
s(I
SIC
rev
3.1:
13)
Non
e N
one
(e)
Oth
er m
inin
g an
dqu
arry
ing
(ISI
C re
v 3.
1: 1
4)
Non
e N
one
C.
MA
NU
FAC
TUR
ING
(a)
Man
ufac
ture
of f
ood
prod
ucts
and
bev
erag
es(I
SIC
rev
3.1:
15
excl
udin
ggr
ain
polis
hing
)
Non
e N
one
(b)
Man
ufac
ture
of t
obac
copr
oduc
ts(I
SIC
rev
3.1:
16)
Non
e N
one
(c)
Man
ufac
ture
of t
extil
es(I
SIC
rev
3.1:
17)
Non
e N
one
6 “Pe
trole
um”
incl
udes
nat
ural
pitc
h an
d in
flam
mab
le n
atur
al g
as.
269
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
(d)
Man
ufac
ture
of w
earin
g ap
pare
l; dr
essi
ng a
nd
dyei
ng o
f fur
(I
SIC
rev
3.1:
18)
Non
e
Non
e
(e)
Tann
ing
and
dres
sing
of
leat
her;
man
ufac
ture
of
lugg
age,
han
dbag
s, sa
ddle
ry, h
arne
ss a
nd
foot
wea
r (I
SIC
rev
3.1:
19)
Non
e
Non
e
(f)
Man
ufac
ture
of w
ood
and
of p
rodu
cts o
f woo
d an
d co
rk, e
xcep
t fur
nitu
re;
man
ufac
ture
of a
rticl
es o
f st
raw
and
pla
iting
mat
eria
ls
(ISI
C re
v 3.
1: 2
0)
Non
e
Non
e
(g)
Man
ufac
ture
of p
aper
and
pa
per p
rodu
cts
(ISI
C re
v 3.
1: 2
1)
Non
e
Non
e
(h)
Publ
ishi
ng, p
rintin
g an
d re
prod
uctio
n of
reco
rded
m
edia
(I
SIC
rev3
.1: 2
2, e
xclu
ding
pu
blis
hing
and
prin
ting
on
a fe
e or
con
tract
bas
is )7
Non
e
Non
e
(i)
Man
ufac
ture
of c
oke
oven
pr
oduc
ts
(ISI
C re
v 3.
1: 2
31)
Non
e
Non
e
(j)
Man
ufac
ture
of r
efin
ed
petro
leum
pro
duct
s (I
SIC
rev
3.1:
232
)
Non
e
Non
e
7 Pub
lishi
ng a
nd p
rintin
g on
a fe
e or
con
tract
bas
is is
to b
e fo
und
in B
USI
NES
S SE
RV
ICES
und
er O
ther
Bus
ines
s Ser
vice
s. r)
.
270
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
(l)M
anuf
actu
re o
f che
mic
als
and
chem
ical
pro
duct
s
a)M
anuf
actu
ring
of b
asic
chem
ical
s(I
SIC
rev
3.1
: 241
excl
udin
g m
anuf
actu
ring
of ra
dioi
soto
pe)
b)M
anuf
actu
ring
of o
ther
chem
ical
pro
duct
s (IS
ICre
v 3.
1 : 2
42)
c)M
anuf
actu
ring
of m
anm
ade
fibre
s (IS
IC re
v3.
1 : 2
43)
Non
e
Non
e
Non
e
Non
e
Non
e
Non
e
(m)
Man
ufac
ture
of r
ubbe
r and
plas
tics p
rodu
cts
(ISI
C re
v 3.
1: 2
5)
Non
e N
one
(n)
Man
ufac
ture
of o
ther
non
-m
etal
lic m
iner
al p
rodu
cts
(ISI
C re
v 3.
1: 2
6)
Non
e N
one
(o)
Man
ufac
ture
of b
asic
met
als
(ISI
C re
v 3.
1: 2
7)
Non
e N
one
(p)
Man
ufac
ture
of f
abric
ated
met
al p
rodu
cts,
exce
ptm
achi
nery
and
equ
ipm
ent
(ISI
C re
v 3.
1: 2
8 ex
clud
ing
man
ufac
turin
g of
nuc
lear
reac
tor)
Non
e N
one
271
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
(q)
Man
ufac
ture
of m
achi
nery
and
equi
pmen
t n.e
.c.
a)M
anuf
actu
re o
f gen
eral
purp
ose
mac
hine
ry(I
SIC
rev
3.1:
291
)
b)M
anuf
actu
re o
f spe
cial
purp
ose
mac
hine
ry o
ther
than
wea
pons
and
mun
ition
s(I
SIC
rev
3.1:
292
1, 2
922,
2923
, 292
4, 2
925,
292
6,29
29)
c)M
anuf
actu
re o
f dom
estic
appl
ianc
es n
.e.c
.(I
SIC
rev
3.1:
293
)
Non
e
Non
e
Non
e
Non
e
Non
e
Non
e
(r)
Man
ufac
ture
of o
ffice
,ac
coun
ting
and
com
putin
gm
achi
nery
(ISI
C re
v 3.
1: 3
0)
Non
e N
one
(s)
Man
ufac
ture
of e
lect
rical
mac
hine
ry a
nd a
ppar
atus
n.e.
c.(I
SIC
rev
3.1:
31)
Non
e N
one
(t)M
anuf
actu
re o
f rad
io,
tele
visi
on a
ndco
mm
unic
atio
n eq
uipm
ent
and
appa
ratu
s(I
SIC
rev
3.1:
32)
Non
e N
one
272
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
(u)
Man
ufac
ture
of m
edic
al,
prec
isio
n an
d op
tical
in
stru
men
ts, w
atch
es a
nd
cloc
ks
(ISI
C re
v 3.
1: 3
3 ex
clud
ing
man
ufac
turin
g of
radi
atio
n ge
nera
tion
faci
litie
s)
Non
e
Non
e
(v)
Man
ufac
ture
of m
otor
ve
hicl
es, t
raile
rs a
nd se
mi-
traile
rs
(ISI
C re
v 3.
1: 3
4)
Non
e
Non
e
(w)
Man
ufac
ture
of o
ther
(non
-m
ilita
ry) t
rans
port
equi
pmen
t (I
SIC
rev
3.1:
35
excl
udin
g m
anuf
actu
ring
of w
arsh
ips,
war
plan
es a
nd o
ther
tra
nspo
rt eq
uipm
ent f
or
mili
tary
use
)
Non
e
Non
e
(x)
Man
ufac
ture
of f
urni
ture
; m
anuf
actu
ring
n.e.
c.
(ISI
C re
v 3.
1: 3
6)
Non
e
Non
e
(y)
Rec
yclin
g (I
SIC
rev
3.1:
37)
N
one
Non
e
D.
ELEC
TRIC
ITY
, GA
S A
ND
WA
TER
SU
PPLY
273
Sect
or o
r Su
b-se
ctor
L
imita
tions
on
Mar
ket A
cces
s L
imita
tions
on
Nat
iona
l Tre
atm
ent
(a)
Elec
trici
ty, g
as, s
team
and
hot w
ater
supp
ly
a)En
ergy
indu
stry
- el
ectri
cpo
wer
gen
erat
ion
othe
rth
an n
ucle
ar p
ower
gene
ratio
n; e
lect
ric p
ower
trans
mis
sion
, dis
tribu
tion
and
sale
s(I
SIC
rev
3.1:
401
)
The
aggr
egat
e fo
reig
n sh
are
of K
orea
n El
ectri
c Po
wer
Cor
pora
tion’
s (“
KEP
CO
”) is
sued
sto
cks
may
not
exc
eed
40 p
erce
nt.
A fo
reig
n pe
rson
m
ay n
ot b
ecom
e th
e la
rges
t sha
reho
lder
of K
EPC
O.
The
aggr
egat
e fo
reig
n sh
are
of p
ower
gen
erat
ion
faci
litie
s, in
clud
ing
coge
nera
tion
faci
litie
s of
hea
t and
pow
er (
GH
P) f
or th
e di
stric
t hea
ting
syst
em (D
HS)
, may
not
exc
eed
30 p
erce
nt o
f the
tota
l fac
ilitie
s in
the
terr
itory
of K
orea
.
The
aggr
egat
e fo
reig
n sh
are
of e
lect
ric p
ower
tran
smis
sion
, dis
tribu
tion
and
sale
s bu
sine
sses
sho
uld
be le
ss th
an 5
0 pe
rcen
t. A
fore
ign
pers
on
may
not
be
the
larg
est s
hare
hold
er.
A si
ngle
shar
ehol
der’s
shar
e of
KEP
CO’s
equi
ty in
tere
sts m
ay n
ot e
xcee
d 3
perc
ent.
b)M
anuf
actu
re o
f gas
;di
strib
utio
n of
gas
eous
fuel
s thr
ough
mai
ns(I
SIC
rev
3.1:
402
)
Fore
ign
pers
ons,
in th
e ag
greg
ate,
may
not
ow
n m
ore
than
30
perc
ent o
f the
equ
ity in
tere
sts o
f Kor
ean
Gas
Cor
pora
tion
(“K
OG
AS”
).
A si
ngle
shar
ehol
der’s
shar
e of
KO
GA
S’s e
quity
inte
rests
may
not
exc
eed
15 p
erce
nt.
c)St
eam
and
hot
wat
ersu
pply
(ISI
C re
v 3.
1: 4
03)
Non
e N
one
274
ANNEX 7-B
MFN TREATMENT EXEMPTION 1. For the purposes of Articles 7.8.2 and 7.14.2, to be of a significantly higher level, obligations stipulated in a regional economic integration agreement shall either create an internal market on services and establishment1 or encompass both the right of establishment and the approximation of legislation. The evaluation of the level of the obligations shall be conducted on the basis of sectoral or horizontal commitments.
(a) The right of establishment referred to in this paragraph means an obligation to abolish in substance all barriers to establishment among the parties to the regional economic integration agreement by the entry into force of that agreement. The right of establishment shall include the right of nationals of the parties to the regional economic integration agreement to set up and manage undertakings under the conditions laid down for nationals by the legislation of the country where such establishment is effected.
(b) The approximation of legislation referred to in this paragraph
means:
(i) the alignment of the legislation of one or more of the parties to the regional economic integration agreement with the legislation of the other party or parties to that agreement; or
(ii) the incorporation of common legislation into the legal order
of the parties to the regional economic integration agreement. Such alignment or incorporation shall be taking place, and is deemed to take place only from such time that it has been enacted into the domestic legal order of the party or parties to the regional economic integration agreement.
2. The Parties shall notify the Committee referred to in Article 7.3 of any regional economic integration agreement which fulfils the conditions of Articles 7.8.2 and 7.14.2. Such a notification shall be made in writing within 60 days of the signature of the regional economic integration agreement. 3. Upon the request of a Party, and further to the notification mentioned in paragraph 2 of this Annex, the Parties shall discuss and review, at the Committee or in separate consultations, the conformity of the regional economic integration agreement with the conditions of Articles 7.8.2 and 7.14.2 and this Annex.
1 An internal market on services and establishment means an area without internal frontiers in which the free movement of services, capital and persons is ensured.
275
AN
NE
X 7
-C
LIS
T O
F M
FN E
XE
MPT
ION
S U
NIT
ED
KIN
GD
OM
Sect
or o
r sub
-sec
tor
Des
crip
tion
of m
easu
re in
dica
ting
its in
cons
iste
ncy
with
Arti
cles
7.8
and
7.
14
Cou
ntrie
s to
whi
ch th
e m
easu
re a
pplie
s In
tend
ed d
urat
ion
Con
ditio
ns c
reat
ing
the
need
for t
he
exem
ptio
n
1.A
ll se
ctor
sTh
e U
nite
d K
ingd
om re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o co
untri
es d
eriv
ing
from
a
spec
ific
prov
isio
n fo
und
in
econ
omic
in
tegr
atio
n ag
reem
ents
to
whi
ch t
he U
nite
d K
ingd
om i
s a
Party
and
ac
cord
ing
to w
hich
the U
nite
d K
ingd
om m
ay am
end
any
mea
sure
on
ly t
o th
e ex
tent
tha
t th
e am
endm
ent
does
not
dec
reas
e th
e co
nfor
mity
of t
he m
easu
re, a
s it
exis
ted
imm
edia
tely
bef
ore
the
amen
dmen
t, w
ith
oblig
atio
ns
on
mar
ket
acce
ss,
natio
nal
treat
men
t an
d m
ost-f
avou
red-
natio
n in
th
ese
econ
omic
in
tegr
atio
n ag
reem
ents
.
All
coun
tries
In
defin
ite
To
prot
ect
diff
eren
tial
treat
men
t de
rivin
g fr
om ra
tche
t cla
uses
.
2.R
ail T
rans
port
— P
asse
nger
and
Fre
ight
Mea
sure
s tha
t are
take
n un
der e
xist
ing
or fu
ture
agr
eem
ents
, and
w
hich
regu
late
traf
fic ri
ghts
and
ope
ratin
g co
nditi
ons.
All
coun
tries
with
whi
ch a
gree
men
ts a
re o
r w
ill b
e in
forc
e.
Inde
finite
To
pro
tect
the i
nteg
rity
of ra
il tra
nspo
rt in
fras
truct
ure
and
the
envi
ronm
ent,
and
to r
egul
ate
traff
ic r
ight
s be
twee
n th
e co
untri
es c
once
rned
.
3.R
oad
Tran
spor
t—
Pas
seng
er a
nd F
reig
htPr
ovis
ions
in e
xist
ing
or f
utur
e ag
reem
ents
on
inte
rnat
iona
l roa
d ha
ulag
e (in
clud
ing
com
bine
d tra
nspo
rt - r
oad/
rail)
and
pas
seng
er
trans
port,
con
clud
ed b
etw
een
the
Uni
ted
Kin
gdom
and
thi
rd
coun
tries
, whi
ch:
(a)re
serv
e or
lim
it th
e pr
ovis
ion
of tr
ansp
ort s
ervi
ce b
etw
een
the
cont
ract
ing
parti
es o
r ac
ross
the
ter
ritor
y of
the
con
tract
ing
parti
es to
veh
icle
s reg
iste
red
in e
ach
cont
ract
ing
party
; or
(b)
prov
ide
for t
ax e
xem
ptio
n fo
r suc
h ve
hicl
es.
Switz
erla
nd, s
tate
s in
Cen
tral,
East
ern
and
Sout
h-Ea
ster
n Eu
rope
and
all
mem
bers
of
the
Com
mon
wea
lth o
f In
depe
nden
t St
ates
, A
lban
ia,
Turk
ey,
Leba
non,
Isr
ael,
Syria
, Jo
rdan
, Eg
ypt,
Tuni
sia,
Alg
eria
, M
oroc
co,
Iran
, Afg
hani
stan
, Ira
q, a
nd K
uwai
t.
Inde
finite
Th
e nee
d fo
r exe
mpt
ion
is li
nked
to th
e re
gion
al c
hara
cter
istic
s of
the
cro
ss-
bord
er
prov
isio
n of
ro
ad
trans
port
serv
ices
.
276
Sect
or o
r sub
-sec
tor
Des
crip
tion
of m
easu
re in
dica
ting
its in
cons
iste
ncy
with
Arti
cles
7.8
and
7.
14
Cou
ntrie
s to
whi
ch th
e m
easu
re a
pplie
s In
tend
ed d
urat
ion
Con
ditio
ns c
reat
ing
the
need
for t
he
exem
ptio
n
4.A
uxili
ary
Air
Tran
spor
t Se
rvic
es(a)
airc
raft
repa
ir an
d m
ain-
te
nanc
e se
rvic
es d
urin
gw
hich
an
ai
rcra
ft is
with
draw
n fr
om se
rvic
e;(b
)th
e sel
ling
and
mar
ketin
gof
air
trans
port
serv
ices
;(c)
com
pute
r re
serv
atio
nsy
stem
(C
RS)
ser
vice
s;an
d(d
)ot
her
serv
ices
aux
iliar
y to
air
trans
port
serv
ices
,su
ch a
s gr
ound
-han
dlin
gse
rvic
es, r
enta
l ser
vice
of
airc
raft
with
cre
w,
and
airp
ort
man
agem
ent
serv
ices
The
right
to
adop
t or
mai
ntai
n an
y m
easu
re t
hat
acco
rds
diff
eren
tial
treat
men
t to
co
untri
es
unde
r an
y in
tern
atio
nal
agre
emen
t in
forc
e or
sig
ned
afte
r the
dat
e of
ent
ry in
to fo
rce
of
this
Agr
eem
ent.
All
coun
tries
In
defin
ite
Nee
ded
to p
rote
ct e
xist
ing
and
futu
re
inte
rnat
iona
l agr
eem
ents.
5.C
RS
and
Sale
s an
d M
arke
ting
of A
ir Tr
ansp
ort S
ervi
ces
The
oblig
atio
ns o
f C
RS
syst
em v
endo
rs o
r of
par
ent
and
parti
cipa
ting
air
carr
iers
sh
all
not
appl
y w
here
eq
uiva
lent
tre
atm
ent t
o th
at a
pplie
d un
der U
K C
RS
rule
s is
not
acc
orde
d in
th
e cou
ntry
of o
rigin
of t
he p
aren
t car
rier o
r of t
he sy
stem
ven
dor.
All
coun
tries
whe
re a
CR
S sy
stem
ven
dor o
r a
pare
nt a
ir ca
rrie
r is l
ocat
ed.
Inde
finite
Th
e ne
ed f
or t
he e
xem
ptio
n re
sults
fr
om t
he i
nsuf
ficie
nt d
evel
opm
ent
of
mul
tilat
eral
ly
agre
ed
rule
s fo
r th
e op
erat
ion
of C
RS.
Sect
or o
r sub
-sec
tor
Des
crip
tion
of m
easu
re in
dica
ting
its in
cons
iste
ncy
with
Arti
cles
7.8
and
7.
14
Cou
ntrie
s to
whi
ch th
e m
easu
re a
pplie
s In
tend
ed d
urat
ion
Con
ditio
ns c
reat
ing
the
need
for t
he
exem
ptio
n
6.In
tern
al W
ater
way
s Tra
nspo
rtM
easu
res
base
d up
on e
xist
ing
or fu
ture
agr
eem
ents
on
acce
ss to
in
land
wat
erw
ays,
whi
ch re
serv
e tra
ffic
righ
ts fo
r ope
rato
rs b
ased
in
the
cou
ntrie
s co
ncer
ned
and
mee
ting
natio
nalit
y cr
iteria
re
gard
ing
owne
rshi
p.
Switz
erla
nd, S
tate
s in
Cen
tral,
East
ern
and
Sout
h-Ea
ster
n Eu
rope
and
all
mem
bers
of
the
Com
mon
wea
lth o
f Ind
epen
dent
Sta
tes.
Inde
finite
. Ex
empt
ion
need
ed fo
r ce
rtain
cou
ntrie
s on
ly u
ntil
an
econ
omic
in
tegr
atio
n ag
reem
ent i
s co
nclu
ded
or
com
plet
ed.
To re
gula
te tr
ansp
ort c
apac
ity o
n in
land
wat
erw
ays,
taki
ng in
to a
ccou
nt
geog
raph
ic sp
ecifi
city
.
7.M
ariti
me
Tran
spor
tM
easu
res c
once
rnin
g th
e es
tabl
ishm
ent,
activ
ities
and
ope
ratio
ns
of s
hipp
ing
com
pani
es b
eyon
d th
e co
mm
itmen
t un
derta
ken
by
Kor
ea in
Ann
ex 7
-A.
Uns
peci
fied
Inde
finite
In
tern
atio
nal
agre
emen
ts
in
the
cont
ext o
f ove
rall
trade
rela
tions
.
277
Sect
or o
r sub
-sec
tor
Des
crip
tion
of m
easu
re in
dica
ting
its in
cons
iste
ncy
with
Arti
cles
7.8
and
7.
14
Cou
ntrie
s to
whi
ch th
e m
easu
re a
pplie
s In
tend
ed d
urat
ion
Con
ditio
ns c
reat
ing
the
need
for t
he
exem
ptio
n
8.Fi
sher
ies
The
Uni
ted
Kin
gdom
rese
rves
the
right
to a
dopt
or m
aint
ain
any
mea
sure
that
acco
rds d
iffer
entia
l tre
atm
ent t
o co
untri
es u
nder
any
bila
tera
l or
pl
urila
tera
l in
tern
atio
nal
agre
emen
t in
volv
ing
fishe
ries i
n fo
rce o
r sig
ned
afte
r the
dat
e of e
ntry
into
forc
e of t
his
Agr
eem
ent.
All
coun
tries
In
defin
ite
Nee
ded
to p
rote
ct e
xist
ing
and
futu
re
bila
tera
l an
d pl
urila
tera
l in
tern
atio
nal
agre
emen
ts.
Sect
or o
r sub
-sec
tor
Des
crip
tion
of m
easu
re in
dica
ting
its in
cons
iste
ncy
with
Arti
cles
7.8
and
7.
14
Cou
ntrie
s to
whi
ch th
e m
easu
re a
pplie
s In
tend
ed d
urat
ion
Con
ditio
ns c
reat
ing
the
need
for t
he
exem
ptio
n
9.A
ll se
ctor
sM
easu
res
base
d on
exi
stin
g or
fut
ure
bila
tera
l ag
reem
ents
be
twee
n th
e U
nite
d K
ingd
om a
nd th
e cou
ntrie
s and
prin
cipa
litie
s co
ncer
ned,
pro
vidi
ng fo
r the
righ
t of e
stab
lishm
ent f
or n
atur
al an
d ju
ridic
al p
erso
ns.
San
Mar
ino,
Mon
aco,
And
orra
, and
Vat
ican
Ci
ty S
tate
. In
defin
ite
The
geog
raph
ical
si
tuat
ion
and
hist
oric
al, e
cono
mic
and
cul
tura
l lin
ks
betw
een
the
Uni
ted
Kin
gdom
and
the
coun
tries
and
prin
cipa
litie
s con
cern
ed.
278
KO
RE
A
Sect
or o
r Su
b-Se
ctor
D
escr
iptio
n of
Mea
sure
Indi
catin
g its
Inco
nsist
ency
with
MFN
1.A
ll Se
ctor
sK
orea
rese
rves
the
right
to a
dopt
or m
aint
ain
any
mea
sure
that
acc
ords
diff
eren
tial t
reat
men
t to
coun
tries
und
er a
ny in
tern
atio
nal a
gree
men
t si
gned
afte
r the
dat
e of
ent
ry in
to fo
rce
of th
is A
gree
men
t inv
olvi
ng:
(a)fis
herie
s; o
r(b
)m
ariti
me m
atte
rs, i
nclu
ding
salv
age.
2.A
ll Se
ctor
sK
orea
rese
rves
the
right
to a
dopt
or m
aint
ain
any
mea
sure
that
acc
ords
diff
eren
tial t
reat
men
t to
coun
tries
der
ivin
g fr
om a
spe
cific
pro
visi
on
foun
d in
eco
nom
ic in
tegr
atio
n ag
reem
ents
to w
hich
Kor
ea is
a P
arty
and
acc
ordi
ng to
whi
ch K
orea
may
am
end
any
mea
sure
onl
y to
the
exte
nt
that
the
amen
dmen
t doe
s no
t dec
reas
e th
e co
nfor
mity
of t
he m
easu
re, a
s it
exis
ted
imm
edia
tely
bef
ore
the
amen
dmen
t, w
ith o
blig
atio
ns o
n m
arke
t acc
ess,
natio
nal t
reat
men
t and
mos
t-fav
oure
d-na
tion
in th
ese
econ
omic
inte
grat
ion
agre
emen
ts.
3.A
uxili
ary
Air
Tran
spor
t Ser
vice
s(a)
airc
raft
repa
ir an
d m
aint
enan
ce s
ervi
ces
durin
g w
hich
an
airc
raft
is w
ithdr
awn
from
serv
ice;
(b)
the
selli
ng a
nd m
arke
ting
of a
ir tra
nspo
rt se
rvic
es;
(c)co
mpu
ter r
eser
vatio
n sys
tem
(CR
S) se
rvic
es; a
nd(d
)ot
her s
ervi
ces
auxi
liary
to a
ir tra
nspo
rt se
rvic
es, s
uch
as
grou
nd-h
andl
ing
serv
ices
, ren
tal s
ervi
ce o
f ai
rcra
ft w
ith
crew
, and
airp
ort m
anag
emen
t ser
vice
s
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o co
untri
es u
nder
any
inte
rnat
iona
l agr
eem
ent
invo
lvin
g au
xilia
ry a
ir tra
nspo
rt se
rvic
es si
gned
afte
r the
dat
e of
ent
ry in
to fo
rce
of th
is A
gree
men
t.
4.D
isad
vant
aged
Gro
ups
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds ri
ghts
or p
refe
renc
es to
soci
ally
or e
cono
mic
ally
dis
adva
ntag
ed
grou
ps, s
uch
as th
e di
sabl
ed, p
erso
ns w
ho h
ave
rend
ered
dis
tingu
ishe
d se
rvic
es to
the
stat
e, a
nd e
thni
c m
inor
ities
.
5.So
cial
Ser
vice
sK
orea
rese
rves
the
right
to a
dopt
or m
aint
ain
any
mea
sure
that
acc
ords
diff
eren
tial t
reat
men
t to
pers
ons o
f oth
er c
ount
ries w
ith re
spec
t to
the
prov
isio
n of
law
enf
orce
men
t and
cor
rect
iona
l ser
vice
s, an
d th
e fo
llow
ing
serv
ices
to th
e ex
tent
that
they
are
soc
ial s
ervi
ces
esta
blis
hed
or
mai
ntai
ned
for p
ublic
pur
pose
s: in
com
e se
curit
y or
insu
ranc
e, s
ocia
l sec
urity
or i
nsur
ance
, soc
ial w
elfa
re, p
ublic
trai
ning
, hea
lth, a
nd c
hild
ca
re.
279
Sect
or o
r Sub
-Sec
tor
Des
crip
tion
of M
easu
re In
dica
ting
its In
cons
isten
cy w
ith M
FN
6.C
omm
unic
atio
n Se
rvic
es—
Bro
adca
stin
g Se
rvic
esK
orea
rese
rves
the r
ight
to ad
opt o
r mai
ntai
n an
y m
easu
re th
at ac
cord
s diff
eren
tial t
reat
men
t to
pers
ons o
f oth
er co
untri
es d
ue to
the a
pplic
atio
n of
reci
proc
ity m
easu
res o
r thr
ough
inte
rnat
iona
l agr
eem
ents
invo
lvin
g sh
arin
g of
the
radi
o sp
ectru
m, g
uara
ntee
ing
mar
ket a
cces
s, or
nat
iona
l tre
atm
ent
with
res
pect
to
the
one-
way
sat
ellit
e tra
nsm
issi
on o
f di
rect
-to-h
ome
(DTH
) an
d di
rect
bro
adca
stin
g sa
telli
te (
DB
S) t
elev
isio
n se
rvic
es an
d di
gita
l aud
io se
rvic
es.
7.Tr
ansp
orta
tion
Serv
ices
— R
ailro
ad T
rans
porta
tion
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o co
untri
es u
nder
any
inte
rnat
iona
l agr
eem
ent
invo
lvin
g ra
ilroa
d tra
nspo
rtatio
n si
gned
afte
r the
dat
e of
ent
ry in
to fo
rce
of th
is A
gree
men
t.
8.Tr
ansp
orta
tion
Serv
ices
— P
asse
nger
Roa
d Tr
ansp
orta
tion
Serv
ices
(Tax
i Ser
vice
s and
Sch
edul
ed P
asse
nger
Roa
d Tr
ansp
orta
tion
Serv
ices
)
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o pe
rson
s of o
ther
cou
ntrie
s with
resp
ect t
o ta
xi se
rvic
es a
nd sc
hedu
led
pass
enge
r roa
d tra
nspo
rtatio
n se
rvic
es.
9.Tr
ansp
orta
tion
Serv
ices
— F
reig
ht R
oad
Tran
spor
tatio
n Se
rvic
es
(not
incl
udin
g R
oad
Tran
spor
tatio
n Se
rvic
es R
elat
ed to
Co
urie
r Ser
vice
s)
Kor
ea r
eser
ves
the
right
to a
dopt
or
mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o pe
rson
s of
oth
er c
ount
ries
with
res
pect
to
frei
ght r
oad
trans
porta
tion
serv
ices
, not
incl
udin
g ro
ad tr
ansp
orta
tion
of c
onta
iner
ised
frei
ght (
excl
udin
g ca
bota
ge) b
y in
tern
atio
nal s
hipp
ing
com
pani
es a
nd ro
ad tr
ansp
orta
tion
serv
ices
rela
ted
to c
ourie
r ser
vice
s.
10.T
rans
porta
tion
Serv
ices
— I
nter
nal W
ater
way
s Tra
nspo
rtatio
n Se
rvic
es a
nd S
pace
Tran
spor
tatio
n Se
rvic
es
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o pe
rson
s of o
ther
cou
ntrie
s with
resp
ect t
o in
tern
al w
ater
way
s tra
nspo
rtatio
n se
rvic
es a
nd sp
ace
trans
porta
tion
serv
ices
.
11.E
duca
tion
Serv
ices
— P
re-P
rimar
y, P
rimar
y,Ed
ucat
ion
Seco
ndar
y, H
ighe
r, an
d O
ther
K
orea
rese
rves
the
right
to a
dopt
or m
aint
ain
any
mea
sure
that
acc
ords
diff
eren
tial t
reat
men
t to
pers
ons o
f oth
er c
ount
ries w
ith re
spec
t to
pre-
prim
ary,
prim
ary,
and
sec
onda
ry e
duca
tion;
hea
lth a
nd m
edic
ine-
rela
ted
high
er e
duca
tion;
hig
her
educ
atio
n fo
r pr
ospe
ctiv
e pr
e-pr
imar
y,
prim
ary,
and
sec
onda
ry te
ache
rs; p
rofe
ssio
nal g
radu
ate
educ
atio
n in
law
; dis
tanc
e ed
ucat
ion
at a
ll ed
ucat
ion
leve
ls (e
xcep
t adu
lt ed
ucat
ion
serv
ices
, pro
vide
d th
at su
ch se
rvic
es d
o no
t con
fer a
cade
mic
cre
dit,
dipl
omas
, or d
egre
es);
and
othe
r edu
catio
n se
rvic
es.
This
ent
ry d
oes n
ot a
pply
to th
e ad
min
istra
tion
of e
duca
tiona
l tes
ting
for f
orei
gn u
se. F
or g
reat
er c
erta
inty
, not
hing
in th
is A
gree
men
t aff
ects
K
orea
’s a
utho
rity
to s
elec
t and
app
ly e
duca
tiona
l tes
tings
, or t
o re
gula
te s
choo
l cur
ricul
um in
acc
orda
nce
with
dom
estic
edu
catio
n po
licy.
12.S
ocia
l Ser
vice
s—
Hum
an H
ealth
Ser
vice
sK
orea
res
erve
s th
e rig
ht to
ado
pt o
r m
aint
ain
any
mea
sure
that
acc
ords
diff
eren
tial t
reat
men
t to
pers
ons
of o
ther
cou
ntrie
s w
ith r
espe
ct to
hu
man
hea
lth se
rvic
es.
This
ent
ry s
hall
not a
pply
to th
e pr
efer
entia
l mea
sure
s pr
ovid
ed in
the
Act o
n D
esig
natio
n an
d M
anag
emen
t of F
ree
Econ
omic
Zon
es (L
aw
No.
921
6, D
ecem
ber
26,
2008
), an
d th
e Sp
ecia
l Ac
t on
Est
ablis
hmen
t of
Jej
u Sp
ecia
l Se
lf-G
over
ning
Pro
vinc
e an
d C
reat
ion
of F
ree
Inte
rnat
iona
l City
(Law
No.
9526
, Mar
ch 2
5, 2
009)
rela
ting
to e
stab
lishm
ent o
f med
ical
faci
litie
s, ph
arm
acie
s, an
d si
mila
r fac
ilitie
s, an
d th
e su
pply
of r
emot
e m
edic
al se
rvic
es to
thos
e ge
ogra
phic
al a
reas
spec
ified
in th
ose
Act
s.
280
Sect
or o
r Sub
-Sec
tor
Des
crip
tion
of M
easu
re In
dica
ting
its In
cons
isten
cy w
ith M
FN
13.R
ecre
atio
nal,
Cul
tura
l, an
d Sp
ortin
g Se
rvic
es—
Mot
ion
Pict
ure
Prom
otio
n, A
dver
tisin
g, o
r Pos
t-Pr
oduc
tion
Serv
ices
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o pe
rson
s of o
ther
cou
ntrie
s with
resp
ect t
o m
otio
n pi
ctur
e pr
omot
ion,
adv
ertis
ing,
or p
ost-p
rodu
ctio
n se
rvic
es.
14.T
rans
porta
tion
Serv
ices
— M
ariti
me
Pass
enge
r Tr
ansp
orta
tion
and
Mar
itim
e C
abot
age
Kor
ea re
serv
es th
e rig
ht to
ado
pt o
r mai
ntai
n an
y m
easu
re th
at a
ccor
ds d
iffer
entia
l tre
atm
ent t
o pe
rson
s of o
ther
cou
ntrie
s with
resp
ect t
o th
e pr
ovis
ion
of in
tern
atio
nal m
ariti
me
pass
enge
r tra
nspo
rtatio
n se
rvic
es, m
ariti
me
cabo
tage
, and
the
oper
atio
n of
Kor
ean
vess
els,
incl
udin
g th
e fo
llow
ing
mea
sure
s:
A p
erso
n th
at su
pplie
s int
erna
tiona
l mar
itim
e pas
seng
er tr
ansp
orta
tion
serv
ices
mus
t obt
ain
a lic
ence
from
the M
inis
ter o
f Lan
d, In
fras
truct
ure
and
Tran
spor
t, w
hich
is su
bjec
t to
an e
cono
mic
nee
ds te
st.
Mar
itim
e ca
bota
ge is
res
erve
d fo
r K
orea
n ve
ssel
s. M
ariti
me
cabo
tage
incl
udes
mar
itim
e tra
nspo
rtatio
n be
twee
n ha
rbor
s lo
cate
d al
ong
the
entir
e K
orea
n pe
nins
ula
and
any
adja
cent
isla
nds.
Kor
ean
vess
el m
eans
: (a)
a ve
ssel
ow
ned
by th
e K
orea
n go
vern
men
t, a
stat
e en
terp
rise,
or a
n in
stitu
tion
esta
blis
hed
unde
r the
Min
istry
of L
and,
Infr
astru
ctur
e an
d Tr
ansp
ort;
(b)
a ve
ssel
ow
ned
by a
Kor
ean
natio
nal;
(c)a
vess
el o
wne
d by
an
ente
rpris
e or
gani
sed
unde
r the
Kor
ean
Com
mer
cial
Cod
e;a
vess
el o
wne
d by
an
ente
rpris
e or
gani
sed
unde
r for
eign
law
that
has
its p
rinci
pal o
ffic
e in
Kor
ea a
nd w
hose
dae
-pyo
-ja (f
or e
xam
ple,
a c
hief
ex
ecut
ive o
ffic
er, p
resi
dent
, or s
imila
r prin
cipa
l sen
ior o
ffic
er) i
s a K
orea
n na
tiona
l. In
the e
vent
ther
e is m
ore t
han
one,
all
dae-
pyo-
ja m
ust b
e K
orea
n na
tiona
ls.
281
282
ANNEX 7-D
THE ADDITIONAL COMMITMENT ON FINANCIAL SERVICES
Transfer of information
1. The Parties recognise the importance of the cross-border transfer ofinformation by financial service suppliers. Korea has expressed its intent toundertake modification to its regulatory regime that will result in its adoption ofapproaches that will permit the transfer of financial information across borders whileaddressing such areas as the protection of sensitive information of consumers,prohibitions on unauthorised reuse of the sensitive information, the ability offinancial regulators to have access to records of financial service suppliers relatingto the handling of such information, and requirements for the location of technologyfacilities.1
Performance of functions
2. The Parties recognise the benefits of allowing a financial service supplier ina Party’s territory to perform certain functions at its head office or affiliates locatedinside or outside the Party’s territory. To the extent practicable, each Party shouldallow such an office or affiliate to perform these functions which generally include,but are not limited to:
(a) trade and transaction processing functions, including confirmation andstatement production;
(b) technology-related functions, such as data processing2, programming andsystem development;
(c) administrative services, including procurement, travel arrangements, mailingservices, physical security, office space management and secretarial services;
(d) human resource activities, including training and education;
(e) accounting functions, including bank reconciliation, budgeting, payroll, tax,account reconciliation and customer and proprietary accounting; and
(f) legal functions, including the provision of advice and litigation strategy.
3. Nothing in paragraph 2 prevents a Party from requiring a financial servicesupplier located in its territory to retain certain functions.
1 This includes, in particular, the transfer of information for the purpose of compliance with transparency and reporting requirements of financial services suppliers with regard to financial regulators of their home country. 2 To the extent that a Party is obligated under Article 7.43 to allow the transfer of information outside its territory, that Party shall also allow data processing of that information after the transfer.
283
4. For greater certainty, a financial service supplier located in the territory of aParty retains ultimate responsibility for compliance with requirements applicable tothose functions performed by its head office or affiliate.
Supply of insurance by the postal services to the public
5. The regulation of insurance services supplied by a Party’s postal servicesupplier to the public should not accord to the Party’s postal service supplier acompetitive advantage over private service suppliers of like insurance services in theterritory of the Party.
6. To this end, Korea should, to the extent practicable, provide that the FinancialServices Commission (hereinafter referred to as the “FSC”) exercise regulatoryoversight over the insurance underwriting services supplied by Korea Post to thepublic and that those services be subject to the same rules applicable to privatesuppliers supplying like insurance underwriting services in its territory3.
Sectoral cooperatives selling insurance
7. The regulation of insurance services supplied by a sectoral cooperativeshould not provide the cooperative a competitive advantage over private suppliers oflike insurance services. To the extent practicable, a Party should apply the same rulesto services supplied by such cooperatives that it applies to like services supplied byprivate insurers.
8. To this end, the FSC should exercise regulatory oversight over servicessupplied by sectoral cooperatives. At a minimum, Korea shall provide that solvencymatters related to the sale of insurance by the National Agricultural CooperativeFederation, the National Federation of Fisheries Cooperatives, the Korea Federationof Community Credit Cooperatives and the National Credit Union Federation ofKorea shall be subject to regulation by the FSC.
Self - Regulatory Organisations
9. The Korea Insurance Development Institute is subject to the discipline ofArticle 7.40. This confirmation is without prejudice to the status of any otherorganisation in this or any other financial services sub-sector.
10. For greater certainty, if each Party’s financial regulatory authority delegatesa function related to insurance to a self- regulatory organisation or other non-governmental body, the authority shall take reasonable steps to ensure compliancewith Article 7.39 (Transparency) and Article 7.23.2 (Domestic Regulation) with
3 This commitment shall also apply to the United Kingdom in case the postal service supplier engages in insurance underwriting services in the United Kingdom
284
regard to any actions taken by the organisation or other non-governmental body pursuant to the delegated function.
285
UNDERSTANDING ON THE KOREAN POSTAL REFORM PLAN1
In the course of the negotiations of this Agreement, the delegation of Korea explained to the delegation of the United Kingdom the steps taken by the Korean government to reform its postal services.
In this context, Korea has drawn to the attention of the delegation of the United Kingdom the following aspects of its postal reform plan, outlined in the Understanding on the Korean Postal Reform Plan of the Korea-EU FTA as follows:
“Korea intends to expand gradually the exceptions to the Korean Postal Authority's monopoly to increase the scope of private delivery services that are permitted. This will be done through amendments to the Postal Service Act, related laws, or their subordinate regulations.
(a) After these amendments are enacted, the scope of KoreanPostal Authority's letter posts will be clearer through theredefinition of its concept, and the exceptions to the letter-posts monopoly will be extended based on objective standardssuch as weight, price or a combination thereof.
(b) In determining the nature and extent of such amendments,Korea will consider various factors, including domesticmarket conditions, the experience of other countries withpostal liberalisation, and the need to ensure universal service.Korea plans to implement these amendments within the nextthree years from the date of signature of this Agreement.
In applying these reformed criteria Korea will provide non-discriminatory opportunities to all the postal and express delivery service suppliers in Korea.”2
Korea and the UK acknowledge that Korea has completed the abovementioned steps for its postal reform plan.
1 This Understanding is non-binding and not subject to Chapter Fourteen (Dispute Settlement). 2 The text in quotation marks is taken directly from the Korea-EU FTA. The inclusion of this text in this Agreement does not create a new obligation on Korea to reform its postal system.
286
UNDERSTANDING CONCERNING SPECIFIC COMMITMENTS ON TELECOMMUNICATIONS SERVICES
The following understanding was reached between the delegations of Korea and the United Kingdom during the course of negotiations regarding specific commitments on telecommunications services in this Agreement: If a Party conditions the granting of a license to supply public telecommunications services to a person of the Party in which a person of the other Party holds an equity interest on a finding that the supply of such services would serve the public interest, the Party shall ensure that it: (i) bases any such finding and the procedures for making such a finding on objective and transparent criteria; (ii) employs a presumption in favor of finding that granting a license to a person of the Party in which a person of the other Party holds an equity interest would serve the public interest; and (iii) develops any such procedures consistent with Article 7.22 (Transparency and Confidential Information), Article 7.23 (Domestic Regulation) and Article 7.36 (Resolution of Telecommunications Disputes). This Understanding shall constitute an integral part of this Agreement.
287
UNDERSTANDING ON REGULATIONS RELATING TO ZONING, URBAN PLANNING AND ENVIRONMENTAL PROTECTION
During the negotiations on Chapter Seven (Trade in Services, Establishment and Electronic Commerce) of this Agreement, the Parties discussed regulations relating to zoning, urban planning and environmental protection which are applicable in Korea and in the United Kingdom at the time of signature of this Agreement. The Parties share the understanding that, in so far as regulations, including regulations relating to zoning, urban planning and environmental protection, constitute non-discriminatory and non quantitative measures affecting establishment, they are not subject to scheduling. Based on the common understanding above, the Parties confirm that specific measures maintained by Korea in the following Acts are not subject to scheduling:
- Seoul Metropolitan Area Readjustment Planning Act
- Industrial Cluster Development and Factory Establishment Act
- Special Act on the Improvement of Air Quality in the Seoul Metropolitan Area
The Parties confirm their right to introduce new regulations relating to zoning, urban planning and environmental protection. This Understanding shall constitute an integral part of this Agreement.
288
UNDERSTANDING ON THE ARTICLE 7.5.2(a) FOOTNOTE 5
In line with the discussion that took place in the Sixty-fifth Session of the WTO Committee on Regional Trade Agreements on June 19th, 2012, the Parties hereby confirm their agreement to acknowledge that each other’s understandings regarding footnote 5 on the Article 7.5.2(a) are as follows:
Korea understands that footnote 5 does not create any obligation that goes beyond the ordinary meaning of the Article XVI:2(a) of the WTO GATS, and its commitment under Annex 7-4-A is based on such an understanding.
The UK understands that footnote 5 clarifies that requiring a service supplier of the other Party to have an establishment or to be resident in a Party's territory as a condition for the cross-border supply of services is a market access limitation within the meaning of Article 7.5.2(a). The footnote is without prejudice to the meaning of Article XVI:2(a) of the WTO GATS.
This Understanding shall constitute an integral part of this Agreement.
289
CHAPTER EIGHT
PAYMENTS AND CAPITAL MOVEMENTS
ARTICLE 8.1
Current Payments The Parties undertake to impose no restrictions on, and to allow, all payments and transfers on the current account of balance of payments between residents of the Parties to be made in freely convertible currency, in accordance with the Articles of Agreement of the International Monetary Fund.
ARTICLE 8.2
Capital Movements 1. With regard to transactions on the capital and financial account of balance of payments, the Parties undertake to impose no restrictions on the free movement of capital relating to direct investments made in accordance with the laws of the host country, to investments and other transactions liberalised in accordance with Chapter Seven (Trade in Services, Establishment and Electronic Commerce) and to the liquidation and repatriation of such invested capital and of any profit generated therefrom. 2. Without prejudice to other provisions in this Agreement, the Parties shall ensure, with regard to transactions not covered by paragraph 1 on the capital and financial account of balance of payments, in accordance with the laws of the host country, the free movement by investors of the other Party of capital relating to, inter alia:
(a) credits related to commercial transactions including the provision of services in which a resident of a Party is participating;
(b) financial loans and credits; or (c) capital participation in a juridical person with no intention of
establishing or maintaining lasting economic links. 3. Without prejudice to other provisions in this Agreement, the Parties shall not introduce any new restrictions on the movement of capital between residents of the Parties and shall not make the existing arrangements more restrictive. 4. The Parties may hold consultations with a view to further facilitating the movement of capital between them in order to promote the objectives of this Agreement.
290
ARTICLE 8.3
Exceptions Subject to the requirement that such measures are not applied in a manner which would constitute a means of arbitrary or unjustifiable discrimination between countries where like conditions prevail, or a disguised restriction on capital movements, nothing in this Chapter shall be construed to prevent the adoption or enforcement by either Party of measures: (a) necessary to protect public security and public morals or to maintain public
order; or (b) necessary to secure compliance with laws or regulations which are not
inconsistent with the provisions of this Chapter including those relating to:
(i) the prevention of criminal or penal offenses, deceptive and fraudulent practices or to deal with the effects of a default on contracts (bankruptcy, insolvency and protection of the right of creditors);
(ii) measures adopted or maintained to ensure the integrity and stability
of a Party's financial system;
(iii) issuing, trading or dealing in securities, options, futures or other derivatives;
(iv) financial reporting or record keeping of transfers when necessary to
assist law enforcement or financial regulatory authorities; or
(v) ensuring compliance with orders or judgements in juridical or administrative proceedings.
ARTICLE 8.4
Safeguard Measures 1. Where, in exceptional circumstances, payments and capital movements between the Parties cause or threaten to cause serious difficulties for the operation of monetary policy or exchange rate policy1 in Korea or the United Kingdom,
1 "serious difficulties for the operation of monetary policy or exchange rate policy" shall include, but not be limited to, serious balance of payments or external financial difficulties, and the safeguard measures under this Article shall not apply with respect to foreign direct investments.
291
safeguard measures with regard to capital movements that are strictly necessary2 may be taken by the Party concerned for a period not exceeding six months3.
2. The Trade Committee shall be informed forthwith of the adoption of anysafeguard measure and, as soon as possible, of a time schedule for its removal.
2 In particular, safeguard measures provided for in this Article should be applied in such a way that they: (a) are not confiscatory;(b) do not constitute a dual or multiple exchange rate practice;(c) do not otherwise interfere with investors' ability to earn a market rate of return in the territory
of the Party who took safeguard measures on any restricted assets;(d) avoid unnecessary damage to the commercial, economic or financial interests of the other
Party;(e) are temporary and phased out progressively as the situation calling for imposition of such
measures improves; and(f) are promptly published by the competent authorities responsible for foreign exchange policy.3 As long as the circumstances present at the time of initial adoption of safeguard measures or anyequivalent thereto still exist, the application of safeguard measures can be extended once for anothersix months by the Party concerned. However, if extremely exceptional circumstances arise such thata Party seeks further extension of the safeguard measures, it will co ordinate in advance with the otherParty concerning the implementation of any proposed extension.
292
CHAPTER NINE
GOVERNMENT PROCUREMENT
ARTICLE 9.1
General Provisions
1. The Parties reaffirm their rights and obligations under the Agreement onGovernment Procurement contained in Annex 4 to the WTO Agreement (hereinafterreferred to as the "GPA 1994") and their interest in further expanding bilateraltrading opportunities in each Party's government procurement market.
2. The Parties recognise their shared interest in promoting internationalliberalisation of government procurement markets in the context of the rules-basedinternational trading system. The Parties shall continue to cooperate in the reviewunder Article XXIV: 7 of the GPA 1994 and in other appropriate international fora.
3. Nothing in this Chapter shall be construed to derogate from either Party'srights or obligations under the GPA 1994, or from an agreement which replaces it.
4. For all procurement covered by this Chapter, the Parties shall apply therevised GPA text1 (hereinafter referred to as the "revised GPA"), with the exceptionof the following:
(a) most favoured treatment for goods, services and suppliers of anyother Party (subparagraph 1(b) and paragraph 2 of Article IV of therevised GPA);
(b) special and differential treatment for developing countries (Article Vof the revised GPA);
(c) conditions for participation (paragraph 2 of Article VIII of the revisedGPA) which shall be replaced by: "In establishing the conditions forparticipation, a procuring entity shall not impose the condition that,in order for a supplier of a Party to participate in a procurement or beawarded a contract, the supplier has previously been awarded one ormore contracts by a procuring entity of the other Party or that thesupplier has prior work experience in the territory of that Party, exceptwhen prior works experience is essential to meet the requirements ofthe procurement.";
(d) institutions (Article XXI of the revised GPA); and
(e) final provisions (Article XXII of the revised GPA).
1 Contained in WTO Document negs 268 (Job No[1].8274) dated 19 November 2007.
293
5. For the purposes of the application of the revised GPA under paragraph 4:
(a) "Agreement" in the revised GPA means "Chapter," except that "countries not Parties to this Agreement" means "non-Parties" and "Party to the Agreement" means "Party";
(b) "other Parties" in the revised GPA means "the other Party"; and (c) "the Committee" in the revised GPA means "the Working Group".
ARTICLE 9.2
Scope and Coverage 1. The procurement covered by this Chapter shall be all procurement covered by each Party's Annexes to the GPA 1994 and any note attached thereto, including their amendments or replacements. 2. For the purposes of this Agreement, build-operate-transfer contracts (hereinafter referred to as "BOT contracts") and public works concessions, as defined in Annex 9, shall be subject to Annex 9.
ARTICLE 9.3
Government Procurement Working Group The Working Group on Government Procurement established pursuant to Article 15.3.1 (Working Groups) shall meet, as mutually agreed or upon request of a Party, to:
(a) consider issues regarding government procurement and BOT contracts or public works concessions that are referred to it by a Party;
(b) exchange information relating to the government procurement and
BOT contracts or public works concessions opportunities in each Party; and
(c) discuss any other matters related to the operation of this Chapter.
294
ANNEX 9
BOT CONTRACTS AND PUBLIC WORKS CONCESSIONS
ARTICLE 1
Definitions 1. For Korea,
BOT contract means any contractual arrangement the primary purpose of which is to provide for the construction or rehabilitation of physical infrastructure, plant, buildings, facilities, or other government-owned works and under which, as consideration for a supplier's execution of a contractual arrangement, a procuring entity grants to the supplier, for a specified period of time, temporary ownership or a right to control and operate, and demand payment for the use of, such works for the duration of the contract.
2. For the United Kingdom,
public works concession means a contract of the same type as a public works contract except for the fact that the consideration for the works to be carried out consists either solely in the right to exploit the work or in this right together with payment;
public works contract means public contracts having as their object either the execution, or both the design and execution, of works related to one of the activities within the meaning of Division 51 of the CPC or a work, or the realisation, by whatever means, of a work corresponding to the requirements specified by the contracting authority; and
work means the outcome of building or civil engineering works taken as a whole which is sufficient of itself to fulfil an economic or technical function.
ARTICLE 2
Rules Applicable to BOT Contracts and Public Works Concessions
National Treatment and Non-Discrimination 1. With respect to all laws, regulations, procedures and practices regarding BOT contracts or public works concessions covered by Article 3 of this Annex, each Party, including its procuring entities, shall accord immediately and unconditionally to the goods, services and suppliers of the other Party, treatment no less favourable than
295
the treatment the Party, including its procuring entities, accords to domestic goods, services and suppliers.
2. With respect to all laws, regulations, procedures and practices regarding BOTcontracts or public works concessions covered by Article 3 of this Annex, a Party,including its procuring entities, shall not treat a locally established supplier of theother Party less favourably than another locally established supplier on the basis ofdegree of foreign affiliation or ownership.
Notice of Intended Contract
3. Each Party shall ensure that a procuring entity publishes a notice of intendedBOT contracts or public work concessions covered by Article 3 of this Annex in anappropriate official paper or electronic medium listed in Article 4 of this Annex. Thenotices shall be accessible to interested suppliers free of charge, if possible througha single point of access, so that interested suppliers may submit tenders or requestsfor participation in that contract. Each notice of intended contract shall include thefollowing information:
(a) the name and the address of the procuring entity and otherinformation necessary to contact the procuring entity and obtain allrelevant documents relating to the contract;
(b) a description of the contract;
(c) the address and the final date for the submission of tenders or requestsfor participation;
(d) the language or languages in which tenders or requests forparticipation may be submitted;
(e) a list and brief description of any conditions for participation ofsuppliers; and
(f) the main criteria to be used for the award of the contract.
Award Publication
4. Within a reasonable period of time after the award of each contract coveredby Article 3 of this Annex, each Party shall ensure that the award of that contract ismade publicly available in an appropriate official paper or electronic medium listedin Article 4 of this Annex, indicating the name and the address of the procuring entityand of the successful supplier.
296
Review 5. Each Party shall ensure that there is an effective system of review of decisions by competent authorities covered by this Annex. This obligation does not require the creation of a special system of administrative or judicial review.
Other Rules and Procedures 6. Subject to paragraphs 1 through 5, this Annex is without prejudice to the measures undertaken by the Parties to encourage small and medium-sized businesses to participate in BOT contracts or public works concessions in accordance with their legislation.
Security and General Exceptions 7. Nothing in this Annex shall be construed to prevent any Party from taking any action or not disclosing any information that it considers necessary for the protection of its essential security interests relating to the procurement of arms, ammunition or war materials, or to procurement indispensable for national security or for national defence purposes. 8. Subject to the requirement that such measures are not applied in a manner that would constitute a means of arbitrary or unjustifiable discrimination between the Parties where the same conditions prevail or a disguised restriction on international trade, nothing in this Annex shall be construed to prevent any Party from imposing or enforcing measures:
(a) necessary to protect public morals, order or safety; (b) necessary to protect human, animal or plant life or health; (c) necessary to protect intellectual property; or (d) relating to goods or services of persons with disabilities, philanthropic
institutions or prison labour.
ARTICLE 3
Scope and Coverage 1. This Annex shall apply to BOT contracts and public works concessions the value of which is above 15,000,000 SDR. 2. As regards the United Kingdom, this Annex covers public works concessions of the entities listed in Annexes 1 and 2 of the European Union's GPA 1994 Appendix
297
I and their corresponding Annexes in any agreement which replaces or amends the GPA 1994 in the sectors set out therein. 3. As regards Korea, this Annex covers BOT contracts of the entities listed in Annexes 1 and 2 of Korea's GPA 1994 Appendix I and their corresponding Annexes in any agreement which replaces or amends the GPA 1994, and, further to this, BOT contracts of all local governments1 located in Seoul City, Busan City, Incheon City and Gyonggi-do.
ARTICLE 4
Means of Publication 1. For Korea,
the Internet homepage of each entity in Annexes 1 and 2 of Korea's GPA 1994 Appendix I and their corresponding Annexes in an agreement which replaces or amends the GPA 1994 and all local governments located in Seoul City, Busan City, Incheon City and Gyonggi-do and their daily press.
2. For the United Kingdom,
the means of publication that shall be notified to Korea on entry into force of this Agreement.
1 For Korea, local government means a local government as defined in the Local Autonomy Act.
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CHAPTER TEN
INTELLECTUAL PROPERTY
SECTION A
GENERAL PROVISIONS
ARTICLE 10.1
Objectives
The objectives of this Chapter are to:
(a) facilitate the production and commercialisation of innovative andcreative products in the Parties; and
(b) achieve an adequate and effective level of protection and enforcementof intellectual property rights.
ARTICLE 10.2
Nature and Scope of Obligations
1. The Parties shall ensure an adequate and effective implementation of theinternational treaties dealing with intellectual property to which they are partyincluding the Agreement on Trade Related Aspects of Intellectual Property Rights,contained in Annex 1C to the WTO Agreement (hereinafter referred to as the "TRIPSAgreement"). The provisions of this Chapter shall complement and specify the rightsand obligations between the Parties under the TRIPS Agreement.
2. For the purposes of this Agreement, intellectual property rights embody:
(a) copyright, including copyright in computer programs and indatabases, and related rights;
(b) the rights related to patents;
(c) trademarks;
(d) service marks;
(e) designs;
(f) layout-designs (topographies) of integrated circuits;
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(g) geographical indications; (h) plant varieties; and (i) protection of undisclosed information.
3. Protection of intellectual property includes protection against unfair competition as referred to in article 10 bis of the Paris Convention for the Protection of Industrial Property (1967) (hereinafter referred to as the "Paris Convention").
ARTICLE 10.3
Transfer of Technology 1. The Parties agree to exchange views and information on their practices and policies affecting transfer of technology, both within their respective territories and with third countries. This shall in particular include measures to facilitate information flows, business partnerships, licensing and subcontracting. Particular attention shall be paid to the conditions necessary to create an adequate enabling environment for technology transfer in the host countries, including, inter alia, issues such as development of human capital and legal framework. 2. Each Party shall take measures, as appropriate, to prevent or control licensing practices or conditions pertaining to intellectual property rights which may adversely affect the international transfer of technology and which constitute an abuse of intellectual property rights by right holders.
ARTICLE 10.4
Exhaustion The Parties shall be free to establish their own regime for the exhaustion of intellectual property rights.
SECTION B
STANDARDS CONCERNING INTELLECTUAL PROPERTY RIGHTS
SUB-SECTION A
COPYRIGHT AND RELATED RIGHTS
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ARTICLE 10.5
Protection Granted The Parties shall comply with:
(a) Articles 1 through 22 of the International Convention for the Protection of Performers, Producers of Phonograms and Broadcasting Organisations (1961) (hereinafter referred to as the "Rome Convention");
(b) Articles 1 through 18 of the Berne Convention for the Protection of
Literary and Artistic Works (1971) (hereinafter referred to as the "Berne Convention");
(c) Articles 1 through 14 of the World Intellectual Property Organisation
(hereinafter referred to as the "WIPO") Copyright Treaty (1996) (hereinafter referred to as the "WCT"); and
(d) Articles 1 through 23 of the WIPO Performances and Phonograms
Treaty (1996) (hereinafter referred to as the "WPPT").
ARTICLE 10.6
Duration of Authors' Rights Each Party shall provide that, where the term of protection of a work is to be calculated on the basis of the life of a natural person, the term shall be not less than the life of the author and 70 years after the author's death.
ARTICLE 10.7
Broadcasting Organisations 1. The rights of broadcasting organisations shall expire not less than 50 years after the first transmission of a broadcast, whether this broadcast is transmitted by wire or over the air, including by cable or satellite. 2. Neither Party may permit the retransmission of television signals (whether terrestrial, cable or satellite) on the Internet without the authorisation of the right holder or right holders, if any, of the content of the signal and of the signal1.
1 For the purposes of this paragraph, retransmission within a Party's territory over a closed and defined subscriber network that is not accessible from outside the Party's territory does not constitute retransmission on the Internet.
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ARTICLE 10.8
Cooperation on Collective Management of Rights
The Parties shall endeavour to facilitate the establishment of arrangements between their respective collecting societies for the purposes of mutually ensuring easier access and delivery of content between the Parties, as well as ensuring mutual transfer of royalties for use of the Parties' works or other copyright-protected subject matters. The Parties shall endeavour to achieve a high level of rationalisation and to improve transparency with respect to the execution of the task of their respective collecting societies.
ARTICLE 10.9
Broadcasting and Communication to the Public
1. For the purposes of this Article:
(a) broadcasting means the transmission by wireless means for publicreception of sounds or of images and sounds or of the representationsthereof; such transmission by satellite is also "broadcasting";transmission of encrypted signals is broadcasting where the means fordecrypting are provided to the public by the broadcasting organisationor with its consent; and
(b) communication to the public means the transmission to the publicby any medium, otherwise than by broadcasting, of sounds of aperformance or the sounds or the representations of sounds fixed in aphonogram. For the purposes of paragraph 5, "communication to thepublic" includes making the sounds or representations of sounds fixedin a phonogram audible to the public.
2. Each Party shall provide performers with the exclusive right to authorise orprohibit the broadcasting by wireless means and the communication to the public oftheir performances, except where the performance is itself already a broadcastperformance or is made from a fixation.
3. Each Party shall provide performers and producers of phonograms with theright to a single equitable remuneration, if a phonogram published for commercialpurposes or a reproduction of such phonogram is used for broadcasting by wirelessmeans or for any communication to the public.
4. Each Party shall establish in its legislation that the single equitableremuneration shall be claimed from the user by performers or producers ofphonograms, or by both. The Parties may enact legislation that, in the absence of anagreement between performers and producers of phonograms, sets the terms
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according to which performers and producers of phonograms shall share the single equitable remuneration. 5. Each Party shall provide broadcasting organisations with the exclusive right to authorise or prohibit:
(a) the re-broadcasting of their broadcasts; (b) the fixation of their broadcasts; and (c) the communication to the public of their television broadcasts if such
communication is made in places accessible to the public against payment of an entrance fee. It shall be a matter for the domestic law of the [State] where protection of this right is claimed to determine the conditions under which it may be exercised.
ARTICLE 10.10
Artists' Resale Right in Works of Art The Parties agree to exchange views and information on the practices and policies concerning the artists' resale right.
ARTICLE 10.11
Limitations and Exceptions The Parties may, in their legislation, provide for limitations of, or exceptions to, the rights granted to the right holders referred to in Articles 10.5 through 10.10 in certain special cases that do not conflict with a normal exploitation of the work and do not unreasonably prejudice the legitimate interests of the right holders.
ARTICLE 10.12
Protection of Technological Measures
1. Each Party shall provide adequate legal protection against the circumvention of any effective technological measures, which the person concerned carries out in the knowledge, or with reasonable grounds to know, that such person is pursuing that objective. 2. Each Party shall provide adequate legal protection against the manufacture, import, distribution, sale, rental, advertisement for sale or rental, or possession for commercial purposes, of devices, products or components, or the provision of services which:
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(a) are promoted, advertised or marketed for the purpose of circumvention of; (b) have only a limited commercially significant purpose or use other
than to circumvent; or (c) are primarily designed, produced, adapted or performed for the
purpose of enabling or facilitating the circumvention of, any effective technological measures.
3. For the purposes of this Agreement, technological measure means any technology, device or component that, in the normal course of its operation, is designed to prevent or restrict acts, in respect of works or other subject matter, which are not authorised by the right holder of any copyright or any right related to copyright as provided for by each Party's legislation. Technological measures shall be deemed effective where the use of a protected work or other subject matter is controlled by the right holders through the application of an access control or protection process, such as encryption, scrambling or other transformation of the work or other subject matter, or a copy control mechanism, which achieves the objective of protection. 4. Each Party may provide for exceptions and limitations to measures implementing paragraphs 1 and 2 in accordance with its legislation and the relevant international agreements referred to in Article 10.5.
ARTICLE 10.13
Protection of Rights Management Information 1. Each Party shall provide adequate legal protection against any person knowingly performing without authority any of the following acts:
(a) the removal or alteration of any electronic rights management information; or
(b) the distribution, importation for distribution, broadcasting,
communication or making available to the public of works or other subject matter protected under this Agreement from which electronic rights management information has been removed or altered without authority,
if such person knows, or has reasonable grounds to know, that by doing so it is inducing, enabling, facilitating or concealing an infringement of any copyright or any rights related to copyright as provided by the law of the relevant Party.
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2. For the purposes of this Agreement, rights management information meansany information provided by right holders which identifies the work or other subjectmatter referred to in this Agreement, the author or any other right holder, orinformation about the terms and conditions of use of the work or other subject matter,and any numbers or codes that represent such information.
3. Paragraph 2 shall apply when any of these items of information is associatedwith a copy of, or appears in connection with the communication to the public of, awork or other subject matter referred to in this Agreement.
SUB-SECTION B
TRADEMARKS
ARTICLE 10.14
Registration Procedure
The United Kingdom and Korea shall provide for a system for the registration of trademarks in which the reasons for a refusal to register a trademark shall be communicated in writing and may be provided electronically to the applicant who will have the opportunity to contest such refusal and to appeal a final refusal judicially. The United Kingdom and Korea shall also introduce the possibility for interested parties to oppose trademark applications. The United Kingdom and Korea shall provide a publicly available electronic database of trademark applications and trademark registrations.
ARTICLE 10.15
International Agreements
The United Kingdom and Korea shall comply with the Trademark Law Treaty (1994) and make all reasonable efforts to comply with the Singapore Treaty on the Law of Trademarks (2006).
ARTICLE 10.16
Exceptions to the Rights Conferred by a Trademark
Each Party shall provide for the fair use of descriptive terms as a limited exception to the rights conferred by a trademark and may provide for other limited exceptions, provided that limited exceptions take account of the legitimate interests of the owner of the trademark and of third parties.
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SUB-SECTION C
GEOGRAPHICAL INDICATIONS2,3
ARTICLE 10.17
Recognition of Geographical Indications for Agricultural Products and Foodstuffs and Wines
1. Having examined the Agricultural Products Quality Control Act, with its implementing rules, in so far as it relates to the registration, control and protection of geographical indications for agricultural products and foodstuffs in Korea, the United Kingdom concludes that this legislation meets the elements laid down in paragraph 6. 2. Having examined Council Regulation (EC) No 510/2006, with its implementing rules, for the registration, control and protection of geographical indications of agricultural products and foodstuffs in the European Union, and Council Regulation (EC) No 1234/2007 on the common organisation of the market in wine, Korea concludes that this legislation meets the elements laid down in paragraph 6. 3. Having examined a summary of the specifications of the agricultural products and foodstuffs corresponding to the geographical indications of Korea listed in Annex 10-A, which have been registered by Korea under the legislation referred to in paragraph 1, the United Kingdom undertakes to protect the geographical indications of Korea listed in Annex 10-A according to the level of protection laid down in this Chapter. 4. Having examined a summary of the specifications of the agricultural products and foodstuffs corresponding to the geographical indications of the United Kingdom listed in Annex 10-A, which have been registered by the United Kingdom under the legislation referred to in paragraph 2, Korea undertakes to protect the geographical indications of the United Kingdom listed in Annex 10 A according to the level of protection laid down in this Chapter.
2 "Geographical indication" in this Sub-section refers to: (a) geographical indications, designations of origin, quality wines produced in a specified region
and table wines with geographical indication as referred to in Council Regulation (EC) No 510/2006 of 20 March 2006; Regulation (EC) No 110/2008 of the European Parliament and of the Council of 15 January 2008; Council Regulation (EEC) No 1601/1991 of 10 June 1991; Council Regulation (EC) No 1493/1999 of 17 May 1999; and Council Regulation (EC) No 1234/2007 of 22 October 2007, or provisions replacing these regulations; and
(b) geographical indications as covered by the Agricultural Products Quality Control Act (Act No. 9759, Jun. 9, 2009) and the Liquor Tax Act (Act No. 8852, Feb. 29, 2008) of Korea.
3 The protection of a geographical indication under this Sub-section is without prejudice to other provisions in this Agreement.
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5. Paragraph 3 shall apply to geographical indications for wines with respect to geographical indications added pursuant to Article 10.23. 6. The United Kingdom and Korea agree that the elements for the registration and control of geographical indications referred to in paragraphs 1 and 2 are the following:
(a) a register listing geographical indications protected in their respective territories;
(b) an administrative process verifying that geographical indications
identify a good as originating in a territory, region or locality of either Party, where a given quality, reputation or other characteristic of the good is essentially attributable to its geographical origin;
(c) a requirement that a registered name shall correspond to a specific
product or products for which a product specification is laid down which may only be amended by due administrative process;
(d) control provisions applying to production; (e) legal provisions laying down that a registered name may be used by
any operator marketing the agricultural product or foodstuff conforming to the corresponding specification; and
(f) an objection procedure that allows the legitimate interests of prior
users of names, whether those names are protected as a form of intellectual property or not, to be taken into account.
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ARTICLE 10.18
Recognition of Specific Geographical Indications for Wines4, Aromatised Wines5 and Spirits6
1. In Korea, the geographical indications of the United Kingdom listed in Annex 10-B shall be protected for those products which use these geographical indications in accordance with the relevant laws of the United Kingdom on geographical indications. 2. In the United Kingdom, the geographical indications of Korea listed in Annex 10-B shall be protected for those products which use these geographical indications in accordance with the relevant laws of Korea on geographical indications.
ARTICLE 10.19
Right of Use A name protected under this Sub-section may be used by any operator marketing agricultural products, foodstuffs, wines, aromatised wines or spirits conforming to the corresponding specification.
ARTICLE 10.20
Scope of Protection
1. Geographical indications referred to in Articles 10.17 and 10.18 shall be protected against:
4 Wines within the meaning of this Sub-section are products falling under heading 22.04 of the HS and which: (a) comply with Council Regulation (EC) 1234/2007 of 22 October 2007, Commission
Regulation (EC) 606/2009 of 10 July 2009 and Commission Regulation (EC) 607/2009 of 14 July 2009, or legislation replacing it; or
(b) comply with the Agricultural Products Quality Control Act (Act No. 9759, Jun. 9, 2009) and the Liquor Tax Act (Act No. 8852, Feb. 29, 2008) of Korea.
5 Aromatised wines within the meaning of this Sub-section are products falling under heading 22.05 of the HS and which: (a) comply with Council Regulation (EEC) No 1601/1991 of 10 June 1991, or legislation
replacing it; or (b) comply with the Agricultural Products Quality Control Act (Act No. 9759, Jun. 9, 2009) and
the Liquor Tax Act (Act No. 8852, Feb. 29, 2008) of Korea. 6 Spirits within the meaning of this Sub-section are products falling under heading 22.08 of the HS and which: (a) comply with Regulation (EC) No 110/2008 of the European Parliament and of the Council
of 15 January 2008, and Commission Regulation (EEC) No 1014/90 of 24 April 1990, or legislation replacing it; or
(b) comply with the Agricultural Products Quality Control Act (Act No. 9759, Jun. 9, 2009) and the Liquor Tax Act (Act No. 8852, Feb. 29, 2008) of Korea.
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(a) the use of any means in the designation or presentation of a good that indicates or suggests that the good in question originates in a geographical area other than the true place of origin in a manner which misleads the public as to the geographical origin of the good;
(b) the use of a geographical indication identifying a good for a like good7
not originating in the place indicated by the geographical indication in question, even where the true origin of the good is indicated or the geographical indication is used in translation or transcription or accompanied by expressions such as "kind", "type", "style", "imitation" or the like; and
(c) any other use which constitutes an act of unfair competition within
the meaning of Article 10 bis of the Paris Convention. 2. This Agreement shall in no way prejudice the right of any person to use, in the course of trade, that person's name or the name of that person's predecessor in business, except where such name is used in such a manner as to mislead consumers. 3. If geographical indications of the Parties are homonymous, protection shall be granted to each indication provided that it has been used in good faith. The Working Group on Geographical Indications shall decide the practical conditions of use under which the homonymous geographical indications will be differentiated from each other, taking into account the need to ensure equitable treatment of the producers concerned and that consumers are not misled. If a geographical indication protected through this Agreement is homonymous with a geographical indication of a third country, each Party shall decide the practical conditions of use under which the homonymous geographical indications will be differentiated from each other, taking into account the need to ensure equitable treatment of the producers concerned and that consumers are not misled. 4. Nothing in this Agreement shall oblige the United Kingdom or Korea to protect a geographical indication which is not or ceases to be protected in its country of origin or which has fallen into disuse in that country. 5. The protection of a geographical indication under this Article is without prejudice to the continued use of a trademark which has been applied for, registered or established by use, if that possibility is provided for by the legislation concerned, in the territory of a Party before the date of the application for protection or recognition of the geographical indication, provided that no grounds for the trademark's invalidity or revocation exist in the legislation of the Party concerned. The date of application for protection or recognition of the geographical indication is determined in accordance with Article 10.22.2.
7 For all goods, the term "like good" shall be interpreted in line with Article 23.1 of the TRIPS Agreement relating to the use of a geographical indication identifying wines for wines not originating in the place indicated by the geographical indication in question or identifying spirits for spirits not originating in the place indicated by the geographical indication in question.
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ARTICLE 10.21
Enforcement of Protection The Parties shall enforce the protection provided for in Articles 10.17 through 10.22 on their own initiative by appropriate intervention of their authorities. They shall also enforce such protection at the request of an interested party.
ARTICLE 10.22
Relationship with Trademarks 1. The registration of a trademark that corresponds to any of the situations referred to in Article 10.20.1 in relation to a protected geographical indication for like goods, shall be refused or invalidated by the Parties, provided an application for registration of the trademark is submitted after the date of application for protection or recognition of the geographical indication in the territory concerned. 2. For the purposes of paragraph 1:
(a) for geographical indications referred to in Articles 10.17 and 10.18, the date of application for protection or recognition shall be 1 July 2011 ; and
(b) for geographical indications referred to in Article 10.23, the date of
application for protection or recognition shall be the date of a Party's receipt of a request by the other Party to protect or recognise a geographical indication.
ARTICLE 10.23
Addition of Geographical Indications for Protection8 1. The United Kingdom and Korea agree to add geographical indications to be protected to the Annexes 10-A and 10-B in accordance with the procedure set out in Article 10.24.
8 If a proposal is made by: (a) Korea for an originating product falling into the scope of the legislation of the United
Kingdom set out under Article 10.17.2 and footnotes of Article 10.18; or (b) the United Kingdom for an originating product falling into the scope of the legislation of
Korea set out under Article 10.17.1 and footnotes of Article 10.18, to add a name of origin to this Agreement which has been recognised by either Party as a geographical indication within the meaning of Article 22.1 of the TRIPS Agreement through laws of either Party other than those referred to in Articles 10.17.1 and 10.17.2 and footnotes of Article 10.18, the Parties agree to examine whether the geographical indication can be added to this Agreement pursuant to this Sub-section.
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2. The United Kingdom and Korea agree to process, without undue delay, the other's requests for adding geographical indications to be protected to the Annexes. 3. A name may not be registered as a geographical indication where it conflicts with the name of a plant variety, including a grape variety, or an animal breed and as a result is likely to mislead the consumer as to the true origin of the product.
ARTICLE 10.24
Working Group on Geographical Indications 1. The Working Group on Geographical Indications established pursuant to Article 15.3.1 (Working Groups) of the Agreement shall meet, as mutually agreed or upon request of a Party, for the purpose of intensifying cooperation between the Parties and dialogue on geographical indications. The Working Group may make recommendations and adopt decisions by consensus. 2. The location of the meeting shall alternate between the Parties. The Working Group shall meet at a time and a place and in a manner which may include by videoconference, mutually determined by the Parties, but no later than 90 days after the request. 3. The Working Group may decide:
(a) to modify Annexes 10-A and 10-B to add individual geographical indications of the United Kingdom or Korea that, after having completed the relevant procedure referred to in Articles 10.17.3 and 10.17.4, where applicable, are also determined by the other Party to constitute geographical indications and will be protected in the territory of that other Party;
(b) to modify9 the Annexes referred to in subparagraph (a) to remove
individual geographical indications that cease to be protected in the Party of origin10 or that, in accordance with the applicable legislation, no longer meet the conditions to be considered a geographical indication in the other Party; and
(c) that a reference to legislation in this Agreement should be taken to be
a reference to that legislation as amended and replaced and in force at a particular date after the entry into force of this Agreement.
9 This refers to the modification of the geographical indication as such, including the name and product category. Modifications of specifications as referred to in Articles 10.17.3 and 10.17.4 or modifications of the responsible control bodies as referred to in Article 10.17.6(d) remain the sole responsibility of the Party where a geographical indication originates. Such modifications may be communicated for information purposes. 10 A decision to cease protection of a geographical indication remains the sole responsibility of the Party where the geographical indication originates.
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4. The Working Group shall also ensure the proper functioning of this Sub-section and may consider any matter related to its implementation and operation. In particular, it shall be responsible for:
(a) exchanging information on legislative and policy developments on geographical indications;
(b) exchanging information on individual geographical indications for
the purpose of considering their protection in accordance with this Agreement; and
(c) exchanging information to optimise the operation of this Agreement.
5. The Working Group may discuss any matter of mutual interest in the area of geographical indications.
ARTICLE 10.25
Individual Applications for Protection of Geographical Indications The provisions of this Sub-section are without prejudice to the right to seek recognition and protection of a geographical indication under the relevant legislation of the United Kingdom or Korea.
SUB-SECTION D
DESIGNS
ARTICLE 10.26
Protection of Registered Designs 1. The United Kingdom and Korea shall provide for the protection of independently created designs that are new and that are original or have individual character11.
11 Korea considers designs not to be new if an identical or similar design has been publicly known or publicly worked before the application for design registration is filed. Korea considers designs not to be original if they could have been easily created from the combinations of designs that have been publicly known or publicly worked before the application for design registration is filed. The United Kingdom considers designs not to be new if an identical design has been made available to the public before the filing date of a registered design or before the date of disclosure of an unregistered design. The United Kingdom considers design not to have individual character if the overall impression it produces on the informed users does not differ from the overall impression produced on such a user by any design which has been made available to the public.
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2. This protection shall be provided by registration, and shall confer exclusive rights upon their holders in accordance with this Sub-section.
ARTICLE 10.27
Rights Conferred by Registration The owner of a protected design shall have the right to prevent third parties not having the owner's consent, at least from making, offering for sale, selling, importing, exporting or using articles bearing or embodying the protected design when such acts are undertaken for commercial purposes, unduly prejudice the normal exploitation of the design, or are not compatible with fair trade practice.
ARTICLE 10.28
Protection Conferred to Unregistered Appearance
The United Kingdom and Korea shall provide the legal means to prevent the use of the unregistered appearance of a product, only if the contested use results from copying the unregistered appearance of such product12. Such use shall at least cover presenting13, importing or exporting goods.
ARTICLE 10.29
Term of Protection 1. The duration of protection available in the Parties following registration shall amount to at least 15 years. 2. The duration of protection available in the United Kingdom and Korea for unregistered appearance shall amount to at least three years.
12 For the purposes of this Article, the United Kingdom and Korea consider that "unregistered design" and "unregistered appearance" have a similar meaning. The conditions for protection of "unregistered design" or "unregistered appearance" are provided for: (a) by Korea in the Unfair Competition Prevention and Trade Secret Protection Act (Act No.
8767, Dec. 21, 2007); and (b) by the United Kingdom in Council Regulation (EC) No 6/2002 of 12 December 2001 on
Community designs, as last amended by Council Regulation (EC) No 1891/2006 of 18 December 2006.
13 For the purposes of this Article, the United Kingdom considers "presenting" as "offering" or "putting on the market" and Korea considers "presenting" as "assigning, leasing or exhibition for assigning or leasing".
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ARTICLE 10.30
Exceptions
1. The United Kingdom and Korea may provide limited exceptions to theprotection of designs, provided that such exceptions do not unreasonably conflictwith the normal exploitation of protected designs and do not unreasonably prejudicethe legitimate interests of the owner of the protected design, taking account of thelegitimate interests of third parties.
2. Design protection shall not extend to designs dictated essentially by technicalor functional considerations14.
3. A design right shall not subsist in a design which is contrary to public policyor to accepted principles of morality.
ARTICLE 10.31
Relationship with Copyright
A design protected by a design right registered in the United Kingdom or in Korea in accordance with this Sub-section shall also be eligible for protection under the law of copyright applicable in the territory of the Parties as from the date on which the design was created or fixed in any form15.
SUB-SECTION E
PATENTS
ARTICLE 10.32
International Agreement
The Parties shall make all reasonable efforts to comply with articles 1 through 16 of the Patent Law Treaty (2000).
14 For the purposes of this Article, in the United Kingdom an ‘unregistered design’ is the Community unregistered design which is protected by Council Regulation (EC) No 6/2002 of 12 December 2001 on Community designs. The Parties shall refer to the Understanding on Footnote14 on Article 10.30 of the Intellectual Property Chapter in the interpretation of footnote 14. 15 The protection of a design under the law of copyright is not granted automatically, but granted only if a design qualifies for protection in accordance with the law of copyright.
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ARTICLE 10.33
Patents and Public Health 1. The Parties recognise the importance of the Declaration on the TRIPS Agreement and Public Health, adopted on 14 November 2001 (hereinafter referred to as the "Doha Declaration") by the Ministerial Conference of the WTO. In interpreting and implementing the rights and obligations under this Sub-section, the Parties are entitled to rely upon the Doha Declaration. 2. Each Party shall contribute to the implementation of and shall respect the Decision of the WTO General Council of 30 August 2003 on paragraph 6 of the Doha Declaration, as well as the Protocol amending the TRIPS Agreement, done at Geneva on 6 December 2005.
ARTICLE 10.34
Extension of the Duration of the Rights Conferred by Patent Protection 1. The Parties recognise that pharmaceutical products16 and plant protection products17 protected by a patent in their respective territories are subject to an administrative authorisation or registration procedure before being put on their markets. 2. The Parties shall provide, at the request of the patent owner, for the extension of the duration of the rights conferred by the patent protection to compensate the patent owner for the reduction in the effective patent life as a result of the first authorisation to place the product on their respective markets. The extension of the duration of the rights conferred by the patent protection may not exceed five years18.
16 As defined in Annex 2-D (Pharmaceutical Products and Medical Devices). 17 Plant protection products, in the form in which they are supplied to the user, consist of or contain active substances, safeners or synergists, and are intended for one of the following uses: (a) protecting plants or plant products against all harmful organisms or preventing the action of
such organisms, unless the main purpose of these products is considered to be for reasons of hygiene rather than for the protection of plants or plant products;
(b) influencing the life processes of plants, such as substances influencing their growth, other than as a nutrient;
(c) preserving plant products, in so far as such substances or products are not subject to the United Kingdom’s special provisions on preservatives;
(d) destroying undesired plants or parts of plants, except algae unless the products are applied on soil or water to protect plants; or
(e) checking or preventing undesired growth of plants, except algae unless the products are applied on soil or water to protect plants.
18 This is without prejudice to a possible extension for paediatric use, if provided for by the Parties.
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ARTICLE 10.35
Protection of Data Submitted to Obtain a Marketing Authorisation for Pharmaceutical19 Products
1. The Parties shall guarantee the confidentiality, non-disclosure of and non-reliance on data submitted for the purpose of obtaining an authorisation to put a pharmaceutical product on the market. 2. For that purpose, the Parties shall ensure in their respective legislation that data, as referred to in Article 39 of the TRIPS Agreement, concerning safety and efficacy, submitted for the first time by an applicant to obtain a marketing authorisation for a new pharmaceutical product in the territory of the respective Parties, is not used for granting another marketing authorisation for a pharmaceutical product, unless proof of the explicit consent of the marketing authorisation holder to use these data is provided. 3. The period of data protection should be at least five years starting from the date of the first marketing authorisation obtained in the territory of the respective Parties.
ARTICLE 10.36
Protection of Data Submitted to Obtain a Marketing Authorisation for Plant Protection Products
1. The Parties shall determine safety and efficacy requirements before authorising the placing on their respective markets of plant protection products. 2. The Parties shall ensure that tests, study reports or information submitted for the first time by an applicant to obtain a marketing authorisation for a plant protection product are not used by third parties or relevant authorities for the benefit of any other person aiming at achieving a marketing authorisation for a plant protection product, unless proof of the explicit consent of the first applicant to use these data is provided. This protection will be hereinafter referred to as data protection. 3. The period of data protection should be at least 10 years starting from the date of the first marketing authorisation in the respective Parties.
19 As defined in Annex 2-D (Pharmaceutical Products and Medical Devices).
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ARTICLE 10.37
Implementation The Parties shall take the necessary measures to ensure full effectiveness of the protection foreseen in this Sub-section and actively cooperate and engage in a constructive dialogue in that regard.
SUB-SECTION F
OTHER PROVISIONS
ARTICLE 10.38
Plant Varieties Each Party shall provide for the protection of plant varieties and comply with the International Convention for the Protection of New Varieties of Plants (1991).
ARTICLE 10.39
Genetic Resources, Traditional Knowledge and Folklore 1. Subject to their legislation, the Parties shall respect, preserve and maintain knowledge, innovations and practices of indigenous and local communities embodying traditional lifestyles relevant for the conservation and sustainable use of biological diversity and promote their wider application with the involvement and approval of the holders of such knowledge, innovations and practices and encourage the equitable sharing of the benefits arising from the utilisation of such knowledge, innovations and practices. 2. The Parties agree to regularly exchange views and information on relevant multilateral discussions:
(a) in WIPO, on the issues dealt with in the framework of the Intergovernmental Committee on Genetic Resources, Traditional Knowledge and Folklore;
(b) in the WTO, on the issues related to the relationship between the
TRIPS Agreement and the Convention on Biological Diversity (hereinafter referred to as the "CBD"), and the protection of traditional knowledge and folklore; and
(c) in the CBD, on the issues related to an international regime on access
to genetic resources and benefit sharing.
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3. Following the conclusion of the relevant multilateral discussions referred to in paragraph 2, the Parties agree, at the request of either Party, to review this Article in the Trade Committee in the light of the results and conclusion of such multilateral discussions. The Trade Committee may adopt any decision necessary to give effect to the results of the review.
SECTION C
ENFORCEMENT OF INTELLECTUAL PROPERTY RIGHTS
ARTICLE 10.40
General Obligations 1. The Parties reaffirm their commitments under the TRIPS Agreement, and in particular Part III thereof and shall ensure that the following complementary measures, procedures and remedies are available under their legislation so as to permit effective action against any act of infringement of intellectual property rights20 covered by this Agreement. 2. Those measures, procedures and remedies shall:
(a) include expeditious remedies to prevent infringements and remedies which constitute a deterrent to further infringements;
(b) be fair and equitable; (c) not be unnecessarily complicated or costly, or entail unreasonable
time limits or unwarranted delays; and (d) be effective, proportionate and dissuasive, and be applied in such a
manner as to avoid the creation of barriers to legitimate trade and to provide for safeguards against their abuse.
ARTICLE 10.41
Entitled Applicants Each Party shall recognise as persons entitled to seek application of the measures, procedures and remedies referred to in this Section and in Part III of the TRIPS Agreement:
20 As defined in Article 10.2.2(a) through (h).
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(a) the holders of intellectual property rights in accordance with the provisions of the applicable law;
(b) all other persons authorised to use those rights, in particular licensees,
in so far as permitted by, and in accordance with, the provisions of the applicable law;
(c) intellectual property collective rights management bodies which are
regularly recognised as having a right to represent holders of intellectual property rights, in so far as permitted by, and in accordance with, the provisions of the applicable law; and
(d) a federation or an association having the legal standing and authority
to assert those rights, in so far as permitted by, and in accordance with, the provisions of the applicable law.
SUB-SECTION A
CIVIL MEASURES, PROCEDURES AND REMEDIES
ARTICLE 10.42
Evidence Each Party shall take such measures as necessary, in the case of an infringement of an intellectual property right committed on a commercial scale, to enable the competent judicial authorities to order, where appropriate and following a party's application, the submission of banking, financial or commercial documents under the control of the opposing party, subject to the protection of confidential information.
ARTICLE 10.43
Provisional Measures for Preserving Evidence 1. Each Party shall ensure that, even before the commencement of proceedings on the merits of the case, the competent judicial authorities may, on application by a party who has presented reasonably available evidence to support its claims that its intellectual property right has been infringed or is about to be infringed, order prompt and effective provisional measures to preserve relevant evidence in respect of the alleged infringement, subject to the protection of confidential information. 2. Each Party may provide that such measures include the detailed description, with or without the taking of samples, or the physical seizure of the infringing goods, and in appropriate cases, the materials and implements used in the production or
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distribution of these goods and the documents relating thereto. Those measures shall be taken, if necessary without the other party being heard, in particular where any delay is likely to cause irreparable harm to the right holder or where there is a demonstrable risk of evidence being destroyed.
ARTICLE 10.44
Right of Information 1. Each Party shall ensure that, during civil proceedings concerning an infringement of an intellectual property right and in response to a justified and proportionate request of the claimant, the competent judicial authorities may order the infringer and/or any other person which is party to a litigation or a witness therein to provide information on the origin and distribution networks of the goods or services which infringe an intellectual property right.
(a) "Any other person" in this paragraph means a person who:
(i) was found in possession of the infringing goods on a commercial scale;
(ii) was found to be using the infringing services on a commercial
scale;
(iii) was found to be providing on a commercial scale services used in infringing activities; or
(iv) was indicated by the person referred to in this subparagraph
as being involved in the production, manufacture or distribution of the goods or the provision of the services.
(b) Information shall, as appropriate, comprise:
(i) the names and addresses of the producers, manufacturers, distributors, suppliers and other previous holders of the goods or services, as well as the intended wholesalers and retailers; or
(ii) information on the quantities produced, manufactured,
delivered, received or ordered, as well as the price obtained for the goods or services in question.
2. This Article shall apply without prejudice to other statutory provisions which:
(a) grant the right holder rights to receive fuller information;
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(b) govern the use in civil or criminal proceedings of the information communicated pursuant to this Article;
(c) govern responsibility for misuse of the right of information; (d) afford an opportunity for refusing to provide information which
would force the person referred to in paragraph 1 to admit his own participation or that of his close relatives in an infringement of an intellectual property right; or
(e) govern the protection of confidentiality of information sources or the
processing of personal data.
ARTICLE 10.45
Provisional and Precautionary Measures 1. Each Party shall ensure that the judicial authorities may, at the request of the applicant, issue an interlocutory injunction intended to prevent any imminent infringement of an intellectual property right, to forbid, on a provisional basis and subject, where appropriate, to a recurring penalty payment where provided for by its legislation, the continuation of the alleged infringements of that right, or to make such continuation subject to the lodging of guarantees intended to ensure the compensation of the right holder. An interlocutory injunction may also be issued against an intermediary21 whose services are being used by a third party to infringe copyright, related rights, trademarks or geographical indications. 2. An interlocutory injunction may also be issued to order the seizure of the goods suspected of infringing an intellectual property right so as to prevent their entry into or movement within the channels of commerce. 3. In the case of an infringement committed on a commercial scale, each Party shall ensure that, if the applicant demonstrates circumstances likely to endanger the recovery of damages, the judicial authorities may order the precautionary seizure of the movable and immovable property of the alleged infringer, including the blocking of bank accounts and other assets.
ARTICLE 10.46
Corrective Measures 1. Each Party shall ensure that the competent judicial authorities may order, at the request of the applicant and without prejudice to any damages to the right holder
21 For the purposes of this paragraph, the scope of "intermediary" is determined in each Party's legislation, but shall include those who deliver or distribute infringing goods, and also where appropriate, include online service providers.
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by reason of the infringement, and without compensation of any sort, destruction of goods that they have found to be infringing an intellectual property right or any other measures to definitively remove those goods from the channels of commerce. If appropriate, the competent judicial authorities may also order destruction of materials and implements principally used in the creation or manufacture of those goods. 2. The judicial authorities shall order that those measures be carried out at the expense of the infringer, unless particular reasons are invoked for not doing so. 3. In considering a request for corrective measures, the need for proportionality between the seriousness of the infringement and the remedies ordered as well as the interests of third parties shall be taken into account.
ARTICLE 10.47
Injunctions 1. Each Party shall ensure that, where a judicial decision is taken finding an infringement of an intellectual property right, the judicial authorities may issue against the infringer an injunction aimed at prohibiting the continuation of the infringement. 2. Where provided for by law, non-compliance with an injunction shall, where appropriate, be subject to a recurring penalty payment, with a view to ensuring compliance. Each Party shall also ensure that right holders are in a position to apply for an injunction against intermediaries22 whose services are being used by a third party to infringe copyright, related rights, trademarks or geographical indications.
ARTICLE 10.48
Alternative Measures Each Party may provide that, in appropriate cases and at the request of the person liable to be subject to the measures provided for in Article 10.46 or 10.47, the competent judicial authorities may order pecuniary compensation to be paid to the injured party instead of applying the measures provided for in Article 10.46 or 10.47 if that person acted unintentionally and without negligence, if execution of the measures in question would cause him or her disproportionate harm and if pecuniary compensation to the injured party appears reasonably satisfactory.
22 For the purposes of this paragraph, the scope of "intermediary" is determined in each Party's legislation, but shall include those who deliver or distribute infringing goods, and also where appropriate, include online service providers.
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ARTICLE 10.49
Damages 1. Each Party shall ensure that when the judicial authorities set damages:
(a) they shall take into account all appropriate aspects, such as the negative economic consequences, including lost profits, which the injured party has suffered, any unfair profits made by the infringer and, in appropriate cases, elements other than economic factors, such as the moral prejudice caused to the right holder by the infringement; or
(b) as an alternative to subparagraph (a), they may, in appropriate cases,
set the damages as a lump sum on the basis of elements such as at least the amount of royalties or fees which would have been due if the infringer had requested authorisation to use the intellectual property right in question.
2. Where the infringer did not knowingly, or with reasonable grounds to know, engage in infringing activity, the Parties may provide that the judicial authorities may order the recovery of profits or the payment of damages which may be pre-established. 3. In civil judicial proceedings, each Party, at least with respect to works, phonograms, and performances protected by copyright or related rights, and in cases of trademark counterfeiting, may establish or maintain pre-established damages, which shall be available on the election of the right holder.
ARTICLE 10.50
Legal Costs Each Party shall ensure that reasonable and proportionate legal costs and other expenses incurred by the successful party shall as a general rule be borne by the unsuccessful party, unless equity does not allow as such.
ARTICLE 10.51
Publication of Judicial Decisions In cases of infringement of an intellectual property right, each Party shall ensure that the judicial authorities may order, where appropriate, at the request of the applicant and at the expense of the infringer, appropriate measures for the dissemination of the information concerning the decision, including displaying the decision and publishing it in full or in part. Each Party may provide for other additional publicity
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measures which are appropriate to the particular circumstances, including prominent advertising.
ARTICLE 10.52
Presumption of Authorship or Ownership In civil proceedings involving copyright or related rights, each Party shall provide for a presumption that, in the absence of proof to the contrary, the person or entity whose name is indicated as the author or related right holder of the work or subject matter in the usual manner is the designated right holder in such work or subject matter.
SUB-SECTION B
CRIMINAL ENFORCEMENT
ARTICLE 10.53
Scope of Criminal Enforcement Each Party shall provide for criminal procedures and penalties to be applied at least in cases of wilful trademark counterfeiting and copyright and related rights23 piracy on a commercial scale.
ARTICLE 10.54
Geographical Indications and Designs Counterfeiting Subject to its national or constitutional law and regulations, each Party shall consider adopting measures to establish the criminal liability for counterfeiting geographical indications and designs.
ARTICLE 10.55
Liability of Legal Persons 1. Each Party shall adopt such measures as may be necessary, consistent with its legal principles, to establish the liability of legal persons for the offences referred to in Article10.53.
23 The term "related rights" is defined by each Party in accordance with its international obligations.
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2. Such liability shall be without prejudice to the criminal liability of the natural persons who have committed the criminal offences.
ARTICLE 10.56
Aiding and Abetting
The provisions of this Sub-section shall apply to aiding and abetting of the offences referred to in Article 10.53.
ARTICLE 10.57
Seizure In case of an offence referred to in Article 10.53, each Party shall provide that its competent authorities shall have the authority to order the seizure of suspected counterfeit trademark goods or pirated copyright goods, any related materials and implements predominantly used in the commission of the alleged offence, documentary evidence relevant to the alleged offence and any assets derived from, or obtained directly or indirectly through, the infringing activity.
ARTICLE 10.58
Penalties For the offences referred to in Article 10.53, each Party shall provide for penalties that include sentences of imprisonment and/or monetary fines that are effective, proportionate and dissuasive.
ARTICLE 10.59
Confiscation 1. For the offences referred to in Article 10.53, each Party shall provide that its competent authorities shall have the authority to order confiscation and/or destruction of all counterfeit trademark goods or pirated copyright goods, materials and implements predominantly used in the creation of counterfeit trademark goods or pirated copyright goods and the assets derived from, or obtained directly or indirectly through, the infringing activity. 2. Each Party shall ensure that the counterfeit trademark goods and pirated copyright goods that have been confiscated under this Article shall, if not destroyed, be disposed of outside the channels of commerce, under the condition that the goods are not dangerous for the health and security of persons.
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3. Each Party shall further ensure that confiscation and destruction under this Article shall occur without compensation of any kind of the defendant. 4. Each Party may provide that its judicial authorities have the authority to order the confiscation of assets the value of which corresponds to that of such assets derived from, or obtained directly or indirectly through, the infringing activity.
ARTICLE 10.60
Rights of Third Parties Each Party shall ensure that the rights of third parties shall be duly protected and guaranteed.
SUB-SECTION C
LIABILITY OF ONLINE SERVICE PROVIDERS
ARTICLE 10.61
Liability of Online Service Providers24 The Parties recognise that the services of intermediaries may be used by third parties for infringing activities. To ensure the free movement of information services and at the same time enforce intellectual property rights in the digital environment, each Party shall provide for the measures set out in Articles 10.62 through 10.65 for intermediary service providers where they are in no way involved with the information transmitted.
ARTICLE 10.62
Liability of Online Service Providers: "Mere Conduit" 1. Where an information society service is provided that consists of the transmission in a communication network of information provided by a recipient of the service, or the provision of access to a communication network, the Parties shall ensure that the service provider is not liable for the information transmitted, on condition that the provider:
24 For the purposes of the function referred to in Article 10.62, service provider means a provider of transmission, routing, or connections for digital online communications without modification of their content between or among points specified by the user of material of the user's choosing, and for the purpose of the functions referred to in Articles 10.63 and 10.64 service provider means a provider or operator of facilities for online services or network access.
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(a) does not initiate the transmission; (b) does not select the receiver of the transmission; and (c) does not select or modify the information contained in the
transmission. 2. The acts of transmission and of provision of access referred to in paragraph 1 include the automatic, intermediate and transient storage of the information transmitted in so far as such storage takes place for the sole purpose of carrying out the transmission in the communication network, and provided that the information is not stored for any period longer than is reasonably necessary for the transmission. 3. This Article shall not affect the possibility, in accordance with the Parties' legal systems, of a judicial or administrative authority requiring the service provider to terminate or prevent an infringement.
ARTICLE 10.63
Liability of Online Service Providers: "Caching" 1. Where an information society service is provided that consists of the transmission in a communication network of information provided by a recipient of the service, the Parties shall ensure that the service provider is not liable for the automatic, intermediate and temporary storage of that information, performed for the sole purpose of making more efficient the information's onward transmission to other recipients of the service upon their request, on condition that the provider:
(a) does not modify the information; (b) complies with conditions on access to the information; (c) complies with rules regarding updating of the information, specified
in a manner widely recognised and used by industry; (d) does not interfere with the lawful use of technology, widely
recognised and used by industry, to obtain data on the use of the information; and
(e) acts expeditiously to remove or to disable access to the information it
has stored upon obtaining actual knowledge of the fact that the information at the initial source of the transmission has been removed from the network, or access to it has been disabled, or that a judicial or an administrative authority has ordered such removal or disablement.
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2. This Article shall not affect the possibility, in accordance with the Parties' legal systems, of a judicial or administrative authority requiring the service provider to terminate or prevent an infringement.
ARTICLE 10.64
Liability of Online Service Providers: "Hosting" 1. Where an information society service is provided that consists of the storage of information provided by a recipient of the service, the Parties shall ensure that the service provider is not liable for the information stored at the request of a recipient of the service, on condition that the provider:
(a) does not have actual knowledge of illegal activity or information and, as regards claims for damages, is not aware of facts or circumstances from which the illegal activity or information is apparent; or
(b) upon obtaining such knowledge or awareness acts expeditiously to
remove or to disable access to the information. 2. Paragraph 1 shall not apply when the recipient of the service is acting under the authority or the control of the provider. 3. This Article shall not affect the possibility, in accordance with the Parties' legal systems, of a judicial or administrative authority requiring the service provider to terminate or prevent an infringement, nor does it affect the possibility of the Parties establishing procedures governing the removal or disabling of access to information.
ARTICLE 10.65
No General Obligation to Monitor 1. The Parties shall not impose a general obligation on providers, when providing the services covered by Articles 10.62 through 10.64, to monitor the information which they transmit or store, nor a general obligation to actively seek facts or circumstances indicating illegal activity. 2. The Parties may establish obligations for information society service providers to promptly inform the competent authorities of alleged illegal activities undertaken or information provided by recipients of their service, or to communicate to the competent authorities, at their request, information enabling the identification of recipients of their service with whom they have storage agreements.
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SUB-SECTION D
OTHER PROVISIONS
ARTICLE 10.66
Border Measures 1. Each Party shall, unless otherwise provided for in this Section, adopt procedures25 to enable a right holder, who has valid grounds for suspecting that the importation, exportation, re-exportation, customs transit, transhipment, placement under a free zone26, placement under a suspensive procedure27 or a bonded warehouse of goods infringing an intellectual property right28 may take place, to lodge an application in writing with competent authorities, administrative or judicial, for the suspension by the customs authorities of the release into free circulation or the detention of such goods. 2. The Parties shall provide that when the customs authorities, in the course of their actions and before an application has been lodged by a right holder or granted, have sufficient grounds for suspecting that goods infringe an intellectual property right, they may suspend the release of the goods or detain them in order to enable the right holder to submit an application for action in accordance with the paragraph 1.
25 It is understood that there shall be no obligation to apply such procedures to imports of goods put on the market in another country by or with the consent of the right holder. 26 "customs transit, transhipment and placement under a free zone" as defined in the Kyoto Convention. 27 For Korea, "placement under a suspensive procedure" includes temporary importation and bonded factory. For the United Kingdom, "placement under a suspensive procedure" includes temporary importation, inward processing and processing under customs control. 28 For the purposes of this Article, goods infringing an intellectual property right means: (a) counterfeit goods, which are:
(i) goods, including packaging, bearing without authorisation a trademark identical to the trademark duly registered in respect of the same type of goods, or which cannot be distinguished in its essential aspects from such a trademark, and which thereby infringes the trademark holder's rights;
(ii) any trademark symbol (logo, label, sticker, brochure, instructions for use or guarantee document), even if presented separately, on the same conditions as the goods referred to in subparagraph (a)(i); or
(iii) packaging materials bearing the trademarks of counterfeit goods, presented separately, on the same conditions as the goods referred to in subparagraph (a)(i);
(b) pirated copyright goods, which are or contain copies made without the consent of the right holder, or of a person duly authorised by the right holder in the country of production, of a copyright or related right, regardless of whether it is registered in each Party's legislation; or
(c) goods which, according to the legislation of the Party in which the application for customs action is made, infringe: (i) a patent; (ii) a plant variety right; (iii) a registered design; or (iv) a geographical indication.
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3. Any rights or obligations established in the implementation of Section 4 of Part III of the TRIPS Agreement concerning the importer shall also be applicable to the exporter or if necessary to the holder29 of the goods.
ARTICLE 10.67
Codes of Conduct The Parties shall encourage:
(a) the development by trade or professional associations or organisations of codes of conduct aimed at contributing towards the enforcement of intellectual property rights, particularly by recommending the use on optical discs of a code enabling the identification of the origin of their manufacture; and
(b) the submission to the competent authorities of the Parties of draft
codes of conduct and of any evaluations of the application of these codes of conduct.
ARTICLE 10.68
Cooperation 1. The Parties agree to cooperate with a view to supporting implementation of the commitments and obligations undertaken under this Chapter. Areas of cooperation include, but are not limited to, the following activities:
(a) exchange of information on the legal framework concerning intellectual property rights and relevant rules of protection and enforcement; exchange of experiences on legislative progress;
(b) exchange of experiences on enforcement of intellectual property
rights; (c) exchange of experiences on enforcement at central and sub-central
level by customs, police, administrative and judiciary bodies; co-ordination to prevent exports of counterfeit goods, including with other countries;
(d) capacity-building; and
29 Including at least the person who is the owner of the goods or the person who has a similar right of disposal over them.
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(e) promotion and dissemination of information on intellectual property rights in, inter alia, business circles and civil society; promotion of public awareness of consumers and right holders.
2. Without prejudice and as a complement to paragraph 1, the United Kingdom and Korea agree to establish and maintain an effective dialogue on intellectual property issues (IP Dialogue) to address topics relevant to the protection and enforcement of intellectual property rights covered by this Chapter, and any other relevant issue.
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ANNEX 10-A
GEOGRAPHICAL INDICATIONS FOR AGRICULTURAL PRODUCTS AND FOODSTUFFS
PART A
AGRICULTURAL PRODUCTS AND FOODSTUFFS ORIGINATING IN THE UNITED KINGDOM
(as referred to in Article 10.17.4)
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PART B
AGRICULTURAL PRODUCTS AND FOODSTUFFS ORIGINATING IN KOREA
(as referred to in Article 10.17.3)
Name to be protected Product Transcription into Latin alphabet
보성녹차 (Boseong Green Tea)
Green Tea Boseong Nokcha
하동녹차 (Hadong Green Tea)
Green Tea Hadong Nokcha
고창복분자주 (Gochang Black Raspberry Wine)
Black Raspberry Wine Gochang Bokbunjaju
서산마늘 (Seosan Garlic)
Garlic Seosan Maneul
영양고춧가루 (Yeongyang Red Pepper Powder)
Red Pepper Powder Yeongyang Gochutgaru
의성마늘 (Uiseong Garlic)
Garlic Uiseong Maneul
괴산고추 (Goesan Red Pepper Dried)
Red Pepper Goesan Gochu
순창전통고추장 (Sunchang Traditional Gochujang)
Gochujang Sunchang Jeontong Gochujang
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Name to be protected Product Transcription into Latin alphabet
괴산고춧가루 (Goesan Red Pepper Powder)
Red Pepper Powder Goesan Gochutgaru
성주참외 (Seongju Chamoe)
Oriental Melon Seongju Chamoe
해남겨울배추 (Haenam Winter Baechu)
Chinese Cabbage Haenam Gyeoul Baechu
이천쌀 (Icheon Rice)
Rice Icheon Ssal
철원쌀 (Cheorwon Rice)
Rice Cheorwon Ssal
고흥유자 (Goheung Yuja)
Citron Goheung Yuja
홍천찰옥수수 (Hongcheon Waxy Corn)
Waxy Corn Hongcheon Charoksusu
강화약쑥 (Ganghwa Mugwort)
Mugwort Ganghwa Yakssuk
횡성한우고기 (Hoengseong Hanwoo Beef)
Beef Hoengseong Hanwoogogi
제주돼지고기 (Jeju Pork)
Pork Jeju Dwaejigogi
고려홍삼 (Korean Red Ginseng)
Red Ginseng Goryeo Hongsam
고려백삼 (Korean White Ginseng)
White Ginseng Goryeo Baeksam
고려태극삼 (Korean Taekuk Ginseng)
Taekuk Ginseng Goryeo Taekuksam
충주사과 (Chungju Apple)
Apple Chungju Sagwa
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Name to be protected Product Transcription into Latin alphabet
밀양얼음골사과 (Miryang Eoreumgol Apple)
Apple Miryang Eoreumgol Sagwa
정선황기 (Jeongseon Hwanggi)
Milk Vetch Root Jeongseon Hwanggi
남해마늘 (Namhae Garlic)
Garlic Namhae Maneul
단양마늘 (Danyang Garlic)
Garlic Danyang Maneul
창녕양파 (Changnyeong Onion)
Onion Changnyeong Yangpa
무안양파 (Muan Onion)
Onion Muan Yangpa
여주쌀 (Yeoju Rice)
Rice Yeoju Ssal
무안백련차 (Muan White Lotus Tea)
White Lotus Tea Muan Baengnyeoncha
청송사과 (Cheongsong Apple)
Apple Cheongsong Sagwa
고창복분자 (Gochang Black Raspberry)
Black Raspberry Gochang Bokbunja
광양매실 (Gwangyang Maesil)
Apricot Gwangyang Maesil
정선찰옥수수 (Jeongseon Waxy Corn)
Waxy Corn Jeongseon Charoksusu
진부당귀 (Chinbu Dangui)
Angelica Gigas Nakai Root Chinbu Dangui
고려수삼 (Korean Fresh Ginseng)
Fresh Ginseng Goryeo Susam
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Name to be protected Product Transcription into Latin alphabet
청양고추 (Cheongyang Hot Pepper)
Red Pepper Cheongyang Gochu
청양고춧가루 (Cheongyang Powdered Hot Pepper)
Red Pepper Powder Cheongyang Gochutgaru
해남고구마 (Haenam Sweet Potato)
Sweet Potato Haenam Goguma
영암무화과 (Yeongam Fig)
Fig Yeongam Muhwagwa
여주고구마 (Yeoju Sweet Potato)
Sweet Potato Yeoju Goguma
함안수박 (Haman Watermelon)
Watermelon Haman Subak
고려인삼제품 (Korean Ginseng Products)
White or Taekuk Ginseng Products
Goryeo Insamjepum
고려홍삼제품 (Korean Red Ginseng Products)
Red Ginseng Products Goryeo Hongsamjepum
군산찰쌀보리쌀 (Gunsan Glutinous Barley)
Barley Gunsan Chalssalborissal
제주녹차 (Jeju Green Tea)
Green Tea Jeju Nokcha
홍천한우 (Hongcheon Hanwoo)
Beef Hongcheon Hanwoo
양양송이버섯 (Yangyang Pine-mushroom)
Pine-mushroom Yangyang Songibeoseot
장흥표고버섯 (Jangheung Oak-mushroom)
Oak-mushroom Jangheung Pyogobeoseot
산청곶감 (Sancheong Persimmon Dried)
Persimmon Dried Sancheong Gotgam
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Name to be protected Product Transcription into Latin alphabet
정안밤 (Jeongan Chestnut)
Chestnut Jeongan Bam
울릉도삼나물 (Ulleungdo Samnamul)
Aruncus dioicus Ulleungdo Samnamul
울릉도미역취 (Ulleungdo Miyeokchwi)
Golden rod Ulleungdo Miyeokchwi
울릉도참고비 (Ulleungdo Chamgobi)
Fern Ulleungdo Chamgobi
울릉도부지갱이 (Ulleungdo Bujigaengi)
Aster Ulleungdo Bujigaengi
경산대추 (Gyeongsan Jujube)
Jujube (date) Gyeongsan Daechu
봉화송이 (Bonghwa Pine-mushroom)
Pine-mushroom Bonghwa Songi
청양구기자 (Cheongyang Gugija)
Boxthorn Cheongyang Gugija
상주곶감 (Sangju Persimmon Dried)
Persimmon Dried Sangju Gotgam
남해창선고사리 (Namhae Changsun Fern)
Fern Namhae Changsun Gosari
영덕송이 (Yeongdeok Pine-mushroom)
Pine-mushroom Yeongdeok Songi
구례산수유 (Gurye Corni fructus)
Corni fructus Gurye Sansuyu
광양백운산 고로쇠(Gwangyang baekunsan Acer mono sap)
Sap Gwangyang baekunsan Gorosoe
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ANNEX 10-B
GEOGRAPHICAL INDICATIONS FOR WINES, AROMATISED WINES AND SPIRITS
PART A
WINES, AROMATISED WINES AND SPIRITS ORIGINATING IN THE UNITED KINGDOM
(as referred to in Article 10.18.1)
SPIRITS1
Name to be protected Transcription into Korean alphabet
Scotch Whisky 스카치 위스키
Irish Whiskey/Irish Whisky2 아이리쉬 위스키 (양주의 일종)
1 Where a geographical indication is presented as follows: ‘Irish Whiskey/Irish Whisky’, this means that both terms can be used together, or each one on its own.
2 The geographical indication Irish Whiskey/Irish Whisky may be used by any operator marketing the spirit conforming to the corresponding specification under Article 10.20 of the Korea-EU FTA. In case, notwithstanding the entry into force of this Agreement, the domestic procedure of Korea required for protecting the geographical indication Irish Whiskey/Irish Whisky is not completed, the provisions relating to the protection of the geographical indication Irish Whiskey/Irish Whisky in Chapter 10 shall be applied from the date of the completion of the domestic procedure of Korea. Korea will expedite the domestic process consistent with its statutory procedures.
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PART B
WINES, AROMATISED WINES AND SPIRITS ORIGINATING IN KOREA
(as referred to in Article 10.18.2)
SPIRITS
Name to be protected Transcription into Latin alphabet
진도홍주
(Jindo Hongju)
Jindo Hongju
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UNDERSTANDING ON FOOTNOTE 14 TO ARTICLE 10.30 OF THE INTELLECTUAL PROPERTY CHAPTER
During discussions on Chapter Ten (Intellectual Property) of this Agreement, the Parties discussed the need for the inclusion of new footnote 14 to Article 10.30 for the purposes of clarification and to preserve the status quo. The Parties share the understanding that two types of unregistered design right operate alongside one another in the United Kingdom: a national Unregistered Design Right, provided for by Part III, Copyright, Designs and Patents Act 1988 and a Community Unregistered Design right provided for by EU Regulation (EC) No 6/2002 on Community designs. The Parties agree that Article 10.30 of this Agreement only applies to the European Union’s Community unregistered design right as retained in the United Kingdom’s law through the European Union (Withdrawal) Act 2018 after the United Kingdom leaves the European Union. The Parties recognise that this is because the Korea-EU FTA only applies to the Community unregistered design right. Based on this understanding, the Parties agree that footnote 14 provides this clarification. The United Kingdom confirms that the inclusion of footnote 14 does not affect the conditions under which a design qualifies for protection as a national unregistered design right or a Community unregistered design right as retained in the United Kingdom’s law through the European Union (Withdrawal) Act 2018 (referred to above). Accordingly, the United Kingdom intends that those Korean businesses or persons eligible to use these rights previously will continue to be able to do so after the United Kingdom leaves the European Union. This Understanding shall constitute an integral part of this Agreement.
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CHAPTER ELEVEN
COMPETITION
SECTION A
COMPETITION
ARTICLE 11.1
Principles 1. The Parties recognise the importance of free and undistorted competition in their trade relations. The Parties undertake to apply their respective competition laws so as to prevent the benefits of the trade liberalisation process in goods, services and establishment from being removed or eliminated by anti-competitive business conduct or anti-competitive transactions. 2. The Parties shall maintain in their respective territories comprehensive competition laws which effectively address restrictive agreements, concerted practices1 and abuse of dominance by one or more enterprises, and which provide effective control of concentrations between enterprises. 3. The Parties agree that the following activities restricting competition are incompatible with the proper functioning of this Agreement, in so far as they may affect trade between them:
(a) agreements between enterprises, decisions by associations of enterprises and concerted practices, which have as their object or effect the prevention, restriction or distortion of competition in the territory of either Party as a whole or in a substantial part thereof;
(b) any abuse by one or more enterprises of a dominant position in the territory of either Party as a whole or in a substantial part thereof; or
(c) concentrations between enterprises, which significantly impede effective competition, in particular as a result of the creation or strengthening of a dominant position in the territory of either Party as a whole or in a substantial part thereof.
1 The application of this Article to concerted practices is determined by each Party's competition laws.
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ARTICLE 11.2
Definitions For the purposes of this Section, competition laws means:
(a) for the United Kingdom, the Competition Act 1998 (c. 41), and Parts 3 and 6 and section 204 of, and Schedules 7, 8, and 10 to, the Enterprise Act 2002 (c.40), and any subordinate legislation made under those provisions, as amended from time to time;
(b) for Korea, the Monopoly Regulation and Fair Trade Act and its
implementing regulations and amendments; and
(c) any changes that instruments set out in this Article may undergo after the entry into force of this Agreement.
ARTICLE 11.3
Implementation 1. The Parties shall maintain an authority or authorities responsible for, and appropriately equipped for, the implementation of the competition laws set out in Article 11.2. 2. The Parties recognise the importance of applying their respective competition laws in a transparent, timely and non-discriminatory manner, respecting the principles of procedural fairness and rights of defence of the parties concerned. 3. Upon request of a Party, the other Party shall make available to the requesting Party public information concerning its competition law enforcement activities and legislation related to the obligations covered by this Section.
ARTICLE 11.4
Public Enterprises and Enterprises Entrusted with Special Rights2 or Exclusive Rights
1. With respect to public enterprises and enterprises entrusted with special rights or exclusive rights:
(a) neither Party shall adopt or maintain any measure contrary to the principles
2 Special rights are granted by a Party when it designates or limits to two or more the number of enterprises authorised to provide goods or services, other than according to objective, proportional and non-discriminatory criteria, or confers on enterprises legal or regulatory advantages which substantially affect the ability of any other enterprise to provide the same goods or services.
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contained in Article 11.1; and (b) the Parties shall ensure that such enterprises are subject to the competition
laws set out in Article 11.2, in so far as the application of these principles and competition laws does not obstruct the performance, in law or in fact, of the particular tasks assigned to them. 2. Nothing in paragraph 1 shall be construed to prevent a Party from establishing or maintaining a public enterprise, entrusting enterprises with special or exclusive rights or maintaining such rights.
ARTICLE 11.5
State Monopolies 1. Each Party shall adjust state monopolies of a commercial character so as to ensure that no discriminatory measure3 regarding the conditions under which goods are procured and marketed exists between natural or legal persons of the Parties. 2. Nothing in paragraph 1 shall be construed to prevent a Party from establishing or maintaining a state monopoly. 3. This Article is without prejudice to the rights and obligations set out under Chapter Nine (Government Procurement).
ARTICLE 11.6
Cooperation
1. The Parties recognise the importance of cooperation and co-ordination between their respective competition authorities to further enhance effective competition law enforcement and to fulfil the objectives of this Agreement through the promotion of competition and the curtailment of anti-competitive business conduct or anti-competitive transactions. 2. The Parties shall cooperate in relation to their respective enforcement policies and in the enforcement of their respective competition laws, including through enforcement cooperation, notification, consultation and exchange of non-confidential information.
3 Discriminatory measure means a measure which does not comply with national treatment, as set out in the relevant provisions of this Agreement, including the terms and conditions set out in the relevant Annexes thereto.
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ARTICLE 11.7
Consultation 1. A Party shall, on request of the other Party, enter into consultations regarding representations made by the other Party, to foster mutual understanding or to address specific matters that arise under this Section. In its request, the other Party shall indicate, if relevant, how the matter affects trade between the Parties. 2. The Parties shall promptly discuss, at the request of a Party, any questions arising from the interpretation or application of this Section. 3. To facilitate discussion of the matter that is the subject of the consultations, each Party shall endeavour to provide relevant non-confidential information to the other Party.
ARTICLE 11.8
Dispute Settlement Neither Party may have recourse to Chapter Fourteen (Dispute Settlement) for any matter arising under this Section.
SECTION B
SUBSIDIES
ARTICLE 11.9
Principles The Parties agree to use their best endeavours to remedy or remove through the application of their competition laws or otherwise, distortions of competition caused by subsidies in so far as they affect international trade, and to prevent the occurrence of such situations.
ARTICLE 11.10
Definitions of a Subsidy and Specificity 1. A subsidy is a measure which fulfils the conditions set out in Article 1.1 of the SCM Agreement. 2. A subsidy is specific if it falls within the meaning of Article 2 of the SCM
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Agreement. A subsidy shall be subject to this Section only if it is specific within the meaning of Article 2 of the SCM Agreement.
ARTICLE 11.11
Prohibited Subsidies4,5 The following subsidies shall be deemed to be specific under the conditions of Article 2 of the SCM Agreement and shall be prohibited for the purposes of this Agreement in so far as they adversely affect international trade of the Parties6:
(a) subsidies granted under any legal arrangement whereby a government or any public body is responsible for covering debts or liabilities of certain enterprises within the meaning of Article 2.1 of the SCM Agreement without any limitation, in law or in fact, as to the amount of those debts and liabilities or the duration of such responsibility; and
(b) subsidies (such as loans and guarantees, cash grants, capital injections,
provision of assets below market prices or tax exemptions) to insolvent or ailing enterprises, without a credible restructuring plan based on realistic assumptions with a view to ensuring the return of the insolvent or ailing enterprise within a reasonable period of time to long-term viability and without the enterprise significantly contributing itself to the costs of restructuring. This does not prevent the Parties from providing subsidies by way of temporary liquidity support in the form of loan guarantees or loans limited to the amount needed to merely keep an ailing enterprise in business for the time necessary to work out a restructuring or liquidation plan.
This subparagraph does not apply to subsidies granted as compensation for carrying out public service obligations and to the coal industry.
ARTICLE 11.12
Transparency 1. Each Party shall ensure transparency in the area of subsidies. To this end, each Party shall report annually to the other Party on the total amount, types and the sectoral distribution of subsidies which are specific and may affect international trade. Reporting should contain information concerning the objective, form, the amount or budget and where possible the recipient of the subsidy granted by a government or any
4 The Parties hereby agree that this Article applies to subsidies received only after the date when this Agreement enters into force.
5 For the purposes of this Agreement, subsidies for small and medium-sized enterprises granted in accordance with objective criteria or conditions as provided for in Article 2.1 (b) and footnote 2 attached thereto of the SCM Agreement shall not be subject to this Article.
6 International trade of the Parties comprises both domestic and exports markets.
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public body. 2. Such report is deemed to have been provided if it is sent to the other Party, or if the relevant information is made available on a publicly accessible Internet website, by 31 December of the subsequent calendar year. 3. Upon request by a Party, the other Party shall provide further information on any subsidy schemes and particular individual cases of subsidy which is specific. The Parties shall exchange this information, taking into account the limitations imposed by the requirements of professional and business secrecy.
ARTICLE 11.13
Relation with the WTO Agreement
The provisions in this Section are without prejudice to the rights of a Party in accordance with the relevant provisions of the WTO Agreement to apply trade remedies or to take dispute settlement or other appropriate action against a subsidy granted by the other Party.
ARTICLE 11.14
Monitoring and Review The Parties shall keep under constant review the matters to which reference is made in this Section. Each Party may refer such matters to the Trade Committee. The Parties agree to review progress in implementing this Section every two years after the entry into force of this Agreement, unless both Parties agree otherwise.
ARTICLE 11.15
Scope 1. The provisions of Articles 11.9 through 11.14 shall apply to subsidies for goods with the exception of fisheries subsidies, subsidies related to products covered by Annex 1 of the Agreement on Agriculture and other subsidies covered by the Agreement on Agriculture. 2. The Parties shall use their best endeavors to develop rules applicable to subsidies to services, taking into account developments at the multilateral level, and to exchange information upon the request of either Party. The Parties agree to hold the first exchange of views on subsidies to services within three years after the entry into force of this Agreement.
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CHAPTER TWELVE
TRANSPARENCY
ARTICLE 12.1
Definitions For the purposes of this Chapter:
measure of general application means any general or abstract act, procedure, interpretation or other requirement, including non-binding measures. It does not include a ruling that applies to a particular person; and
interested person means any natural or legal person that may be subject to any rights or obligations under measures of general application, within the meaning of Article 12.2.
ARTICLE 12.2
Objective and Scope Recognising the impact which their respective regulatory environment may have on trade between them, the Parties shall pursue an efficient and predictable regulatory environment for economic operators, especially small ones doing business in their territories. The Parties, reaffirming their respective commitments under the WTO Agreement, hereby lay down clarifications and improved arrangements for transparency, consultation and better administration of measures of general application, in so far as these may have an impact on any matter covered by this Agreement.
ARTICLE 12.3
Publication 1. Each Party shall ensure that measures of general application that may have an impact on any matter covered by this Agreement:
(a) are readily available to interested persons, in a non-discriminatory manner, via an officially designated medium, and where feasible and possible, electronic means, in such a manner as to enable interested persons and the other Party to become acquainted with them;
(b) provide an explanation of the objective of, and rationale for, such measures; and
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(c) allow for sufficient time between publication and entry into force of such measures, taking due account of the requirements of legal certainty, legitimate expectations and proportionality.
2. Each Party shall:
(a) endeavour to publish in advance any measure of general application that it proposes to adopt or to amend, including an explanation of the objective of, and rationale for the proposal;
(b) provide reasonable opportunities for interested persons to comment on such proposed measure, allowing, in particular, for sufficient time for such opportunities; and
(c) endeavour to take into account the comments received from interested persons with respect to such proposed measure.
ARTICLE 12.4
Enquiries and Contact Points 1. Each Party shall establish or maintain appropriate mechanisms for responding to enquiries from any interested person regarding any measures of general application which may have an impact on matters covered by this Agreement which are proposed or in force, and how they would be applied. Enquiries may be addressed through enquiry or contact points established under this Agreement or any other mechanism as appropriate. 2. The Parties recognise that such response provided for in paragraph 1 may not be definitive or legally binding but for information purposes only, unless otherwise provided for in their laws and regulations. 3. Upon request of a Party, the other Party shall promptly provide information and respond to questions pertaining to any actual or proposed measure of general application that the requesting Party considers might affect the operation of this Agreement, regardless of whether the requesting Party has been previously notified of that measure. 4. Each Party shall endeavour to identify or create enquiry or contact points for interested persons of the other Party with the task of seeking to effectively resolve problems for them that may arise from the application of measures of general application. Such processes should be easily accessible, time-bound, result-oriented and transparent. They shall be without prejudice to any appeal or review procedures which the Parties establish or maintain. They shall also be without prejudice to the Parties' rights and obligations under Chapter Fourteen (Dispute Settlement) and Annex 14-A (Mediation Mechanism for Non-Tariff Measures).
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ARTICLE 12.5
Administrative Proceedings With a view to administering in a consistent, impartial and reasonable manner all measures of general application which may have an impact on matters covered by this Agreement, each Party in applying such measures to particular persons, goods or services of the other Party in specific cases, shall:
(a) endeavour to provide interested persons of the other Party, who are directly affected by a proceeding, with reasonable notice, in accordance with its procedures, when a proceeding is initiated, including a description of the nature of the proceeding, a statement of the legal authority under which the proceeding is initiated and a general description of any issues in controversy;
(b) afford such interested persons a reasonable opportunity to present facts and arguments in support of their positions prior to any final administrative action, in so far as time, the nature of the proceeding and the public interest permit; and
(c) ensure that its procedures are based on, and in accordance with its law.
ARTICLE 12.6
Review and Appeal 1. Each Party shall establish or maintain judicial, quasi-judicial or administrative tribunals or procedures for the purposes of the prompt review and, where warranted, correction of administrative action relating to matters covered by this Agreement. Such tribunals shall be impartial and independent of the office or authority entrusted with administrative enforcement and shall not have any substantial interest in the outcome of the matter. 2. Each Party shall ensure that, in any such tribunals or procedures, the parties to the proceeding are provided with the right to:
(a) a reasonable opportunity to support or defend their respective positions; and
(b) a decision based on the evidence and submissions of record or, where
required by its law, the record compiled by the administrative authority.
3. Each Party shall ensure, subject to appeal or further review as provided for in its law, that such decision shall be implemented by, and shall govern the practice of, the office or authority with respect to the administrative action at issue.
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ARTICLE 12.7
Regulatory Quality and Performance and Good Administrative Behaviour
1. The Parties agree to cooperate in promoting regulatory quality and performance, including through exchange of information and best practices on their respective regulatory reform processes and regulatory impact assessments. 2. The Parties subscribe to the principles of good administrative behaviour, and agree to cooperate in promoting it, including through exchange of information and best practices.
ARTICLE 12.8
Non-Discrimination Each Party shall apply to interested persons of the other Party transparency standards no less favourable than those accorded to its own interested persons, to the interested persons of any third country, or to any third country, whichever are the best.
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CHAPTER THIRTEEN
TRADE AND SUSTAINABLE DEVELOPMENT
ARTICLE 13.1
Context and Objectives 1. Recalling Agenda 21 on Environment and Development of 1992, the Johannesburg Plan of Implementation on Sustainable Development of 2002 and the 2006 Ministerial Declaration of the UN Economic and Social Council on Full Employment and Decent Work, the Parties reaffirm their commitments to promoting the development of international trade in such a way as to contribute to the objective of sustainable development and will strive to ensure that this objective is integrated and reflected at every level of their trade relationship. 2. The Parties recognise that economic development, social development and environmental protection are interdependent and mutually reinforcing components of sustainable development. They underline the benefit of cooperation on trade-related social and environmental issues as part of a global approach to trade and sustainable development. 3. The Parties recognise that it is not their intention in this Chapter to harmonise the labour or environment standards of the Parties, but to strengthen their trade relations and cooperation in ways that promote sustainable development in the context of paragraphs 1 and 2.
ARTICLE 13.2
Scope 1. Except as otherwise provided in this Chapter, this Chapter applies to measures adopted or maintained by the Parties affecting trade-related aspects of labour1 and environmental issues in the context of Articles 13.1.1 and 13.1.2. 2. The Parties stress that environmental and labour standards should not be used for protectionist trade purposes. The Parties note that their comparative advantage should in no way be called into question.
1 When labour is referred to in this Chapter, it includes the issues relevant to the Decent Work Agenda as agreed on in the International Labour Organization (hereinafter referred to as the "ILO") and in the 2006 Ministerial Declaration of the UN Economic and Social Council on Full Employment and Decent Work.
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ARTICLE 13.3
Right to Regulate and Levels of Protection Recognising the right of each Party to establish its own levels of environmental and labour protection, and to adopt or modify accordingly its relevant laws and policies, each Party shall seek to ensure that those laws and policies provide for and encourage high levels of environmental and labour protection, consistent with the internationally recognised standards or agreements referred to in Articles 13.4 and 13.5, and shall strive to continue to improve those laws and policies.
ARTICLE 13.4
Multilateral Labour Standards and Agreements 1. The Parties recognise the value of international cooperation and agreements on employment and labour affairs as a response of the international community to economic, employment and social challenges and opportunities resulting from globalisation. They commit to consulting and cooperating as appropriate on trade-related labour and employment issues of mutual interest. 2. The Parties reaffirm the commitment, under the 2006 Ministerial Declaration of the UN Economic and Social Council on Full Employment and Decent Work, to recognising full and productive employment and decent work for all as a key element of sustainable development for all countries and as a priority objective of international cooperation and to promoting the development of international trade in a way that is conducive to full and productive employment and decent work for all, including men, women and young people. 3. The Parties, in accordance with the obligations deriving from membership of the ILO and the ILO Declaration on Fundamental Principles and Rights at Work and its Follow-up, adopted by the International Labour Conference at its 86th Session in 1998, commit to respecting, promoting and realising, in their laws and practices, the principles concerning the fundamental rights, namely:
(a) freedom of association and the effective recognition of the right to collective bargaining;
(b) the elimination of all forms of forced or compulsory labour;
(c) the effective abolition of child labour; and (d) the elimination of discrimination in respect of employment and occupation.
The Parties reaffirm the commitment to effectively implementing the ILO Conventions that Korea and the United Kingdom have ratified respectively. The Parties will make continued and sustained efforts towards ratifying the fundamental ILO Conventions as
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well as the other Conventions that are classified as "up-to-date" by the ILO.
ARTICLE 13.5
Multilateral Environmental Agreements 1. The Parties recognise the value of international environmental governance and agreements as a response of the international community to global or regional environmental problems and they commit to consulting and cooperating as appropriate with respect to negotiations on trade-related environmental issues of mutual interest. 2. The Parties reaffirm their commitments to the effective implementation in their laws and practices of the multilateral environmental agreements to which they are party. 3. The Parties reaffirm their commitment to reaching the ultimate objective of the United Nations Framework Convention on Climate Change and its Kyoto Protocol.
ARTICLE 13.6
Trade Favouring Sustainable Development 1. The Parties reconfirm that trade should promote sustainable development in all its dimensions. The Parties recognise the beneficial role that core labour standards and decent work can have on economic efficiency, innovation and productivity, and they highlight the value of greater policy coherence between trade policies, on the one hand, and employment and labour policies on the other. 2. The Parties shall strive to facilitate and promote trade and foreign direct investment in environmental goods and services, including environmental technologies, sustainable renewable energy, energy efficient products and services and eco-labelled goods, including through addressing related non-tariff barriers. The Parties shall strive to facilitate and promote trade in goods that contribute to sustainable development, including goods that are the subject of schemes such as fair and ethical trade and those involving corporate social responsibility and accountability.
ARTICLE 13.7
Upholding Levels of Protection in the Application and Enforcement of Laws, Regulations or Standards
1. A Party shall not fail to effectively enforce its environmental and labour laws, through a sustained or recurring course of action or inaction, in a manner affecting trade or investment between the Parties.
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2. A Party shall not weaken or reduce the environmental or labour protections afforded in its laws to encourage trade or investment, by waiving or otherwise derogating from, or offering to waive or otherwise derogate from, its laws, regulations or standards, in a manner affecting trade or investment between the Parties.
ARTICLE 13.8
Scientific Information The Parties recognise the importance, when preparing and implementing measures aimed at protecting the environment and social conditions that affect trade between the Parties, of taking account of scientific and technical information, and relevant international standards, guidelines or recommendations.
ARTICLE 13.9
Transparency The Parties, in accordance with their respective domestic laws, agree to develop, introduce and implement any measures aimed at protecting the environment and labour conditions that affect trade between the Parties in a transparent manner, with due notice and public consultation, and with appropriate and timely communication to and consultation of non-state actors including the private sector.
ARTICLE 13.10
Review of Sustainability Impacts The Parties commit to reviewing, monitoring and assessing the impact of the implementation of this Agreement on sustainable development, including the promotion of decent work, through their respective participative processes and institutions, as well as those set up under this Agreement, for instance through trade-related sustainability impact assessments.
ARTICLE 13.11
Cooperation
Recognising the importance of cooperating on trade-related aspects of social and environmental policies in order to achieve the objectives of this Agreement, the Parties commit to initiating cooperative activities as set out in Annex 13.
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ARTICLE 13.12
Institutional Mechanism 1. Each Party shall designate an office within its administration which shall serve as a contact point with the other Party for the purpose of implementing this Chapter. 2. The Committee on Trade and Sustainable Development established pursuant to Article 15.2.1 (Specialised Committees) shall comprise senior officials from within the administrations of the Parties. 3. The Committee shall meet within the first year of the entry into force of this Agreement, and thereafter as necessary, to oversee the implementation of this Chapter, including cooperative activities undertaken under Annex 13. 4. Each Party shall establish a Domestic Advisory Group(s) on sustainable development (environment and labour) with the task of advising on the implementation of this Chapter. 5. The Domestic Advisory Group(s) comprise(s) independent representative organisations of civil society in a balanced representation of environment, labour and business organisations as well as other relevant stakeholders.
ARTICLE 13.13
Civil Society Dialogue Mechanism 1. Members of Domestic Advisory Group(s) of each Party will meet at a Civil Society Forum in order to conduct a dialogue encompassing sustainable development aspects of trade relations between the Parties. The Civil Society Forum will meet once a year unless otherwise agreed by the Parties. The Parties shall agree by decision of the Committee on Trade and Sustainable Development on the operation of the Civil Society Forum no later than one year after the entry into force of this Agreement. 2. The Domestic Advisory Group(s) will select the representatives from its members in a balanced representation of relevant stakeholders as set out in Article 13.12.5. 3. The Parties can present an update on the implementation of this Chapter to the Civil Society Forum. The views, opinions or findings of the Civil Society Forum can be submitted to the Parties directly or through the Domestic Advisory Group(s).
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ARTICLE 13.14
Government Consultations 1. A Party may request consultations with the other Party regarding any matter of mutual interest arising under this Chapter, including the communications of the Domestic Advisory Group(s) referred to in Article 13.12, by delivering a written request to the contact point of the other Party. Consultations shall commence promptly after a Party delivers a request for consultations. 2. The Parties shall make every attempt to arrive at a mutually satisfactory resolution of the matter. The Parties shall ensure that the resolution reflects the activities of the ILO or relevant multilateral environmental organisations or bodies so as to promote greater cooperation and coherence between the work of the Parties and these organisations. Where relevant, subject to the agreement of the Parties, they can seek advice of these organisations or bodies. 3. If a Party considers that the matter needs further discussion, that Party may request that the Committee on Trade and Sustainable Development be convened to consider the matter by delivering a written request to the contact point of the other Party. The Committee shall convene promptly and endeavour to agree on a resolution of the matter. The resolution of the Committee shall be made public unless the Committee otherwise decides. 4. The Committee may seek the advice of either or both Domestic Advisory Group(s) and each Party may seek the advice of its own Domestic Advisory Group(s). A Domestic Advisory Group of a Party may also submit communications on its own initiative to that Party or to the Committee.
ARTICLE 13.15
Panel of Experts 1. Unless the Parties otherwise agree, a Party may, 90 days after the delivery of a request for consultations under Article 13.14.1, request that a Panel of Experts be convened to examine the matter that has not been satisfactorily addressed through government consultations. The Parties can make submissions to the Panel of Experts. The Panel of Experts should seek information and advice from either Party, the Domestic Advisory Group(s) or international organisations as set out in Article 13.14, as it deems appropriate. The Panel of Experts shall be convened within two months of a Party's request. 2. The Panel of Experts that is selected in accordance with the procedures set out in paragraph 3, shall provide its expertise in implementing this Chapter. Unless the Parties otherwise agree, the Panel of Experts shall, within 90 days of the last expert being selected, present to the Parties a report. The Parties shall make their best efforts to accommodate advice or recommendations of the Panel of Experts on the
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implementation of this Chapter. The implementation of the recommendations of the Panel of Experts shall be monitored by the Committee on Trade and Sustainable Development. The report of the Panel of Experts shall be made available to the Domestic Advisory Group(s) of the Parties. As regards confidential information, the principles in Annex 14-B (Rules of Procedure for Arbitration) apply. 3. Upon the entry into force of this Agreement, the Parties shall agree on a list of at least 15 persons with expertise on the issues covered by this Chapter, of whom at least five shall be non-nationals of either Party who will serve as chair of the Panel of Experts. The experts shall be independent of, and not be affiliated with or take instructions from, either Party or organisations represented in the Domestic Advisory Group(s). Each Party shall select one expert from the list of experts within 30 days of the receipt of the request for the establishment of a Panel of Experts. If a Party fails to select its expert within such period, the other Party shall select from the list of experts a national of the Party that has failed to select an expert. The two selected experts shall decide on the chair who shall not be a national of either Party.
ARTICLE 13.16
Dispute Settlement For any matter arising under this Chapter, the Parties shall only have recourse to the procedures provided for in Articles 13.14 and 13.15.
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ANNEX 13
COOPERATION ON TRADE AND SUSTAINABLE DEVELOPMENT 1. In order to promote the achievement of the objectives of Chapter Thirteen and to assist in the fulfilment of their obligations pursuant to it, the Parties have established the following indicative list of areas of cooperation:
(a) exchange of views on the positive and negative impacts of this Agreement on sustainable development and ways to enhance, prevent or mitigate them, taking into account sustainability impact assessments carried out by the Parties;
(b) cooperation in international fora responsible for social or
environmental aspects of trade and sustainable development, including in particular the WTO, the ILO, the United Nations Environment Programme and multilateral environmental agreements;
(c) cooperation with a view to promoting the ratification of fundamental
and other ILO Conventions and multilateral environmental agreements with an impact on trade;
(d) exchange of information and cooperation on corporate social
responsibility and accountability, including on the effective implementation and follow up of internationally agreed guidelines, fair and ethical trade, private and public certification and labelling schemes including eco-labelling and green public procurement;
(e) exchange of views on the trade impact of environmental regulations,
norms and standards; (f) cooperation on trade-related aspects of the current and future
international climate change regime, including issues relating to global carbon markets, ways to address adverse effects of trade on climate, as well as means to promote low carbon technologies and energy efficiency;
(g) cooperation on trade-related aspects of biodiversity including in
relation to biofuels; (h) cooperation on trade-related measures to promote sustainable fishing
practices; (i) cooperation on trade-related measures to tackle the deforestation
including by addressing problems regarding illegal logging; (j) cooperation on trade-related aspects of multilateral environmental
agreements, including customs cooperation;
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(k) cooperation on trade-related aspects of the ILO Decent Work Agenda,
including on the interlinkages between trade and full and productive employment, labour market adjustment, core labour standards, labour statistics, human resources development and life long learning, social protection and social inclusion, social dialogue and gender equality;
(l) exchange of views on the relationship between multilateral
environmental agreements and international trade rules; or (m) other forms of environmental cooperation as the Parties may deem
appropriate. 2. The Parties agree that it would be desirable if cooperative activities developed by them could have as broad an application and benefit as possible.
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CHAPTER FOURTEEN
DISPUTE SETTLEMENT
SECTION A
OBJECTIVE AND SCOPE
ARTICLE 14.1
Objective The objective of this Chapter is to avoid and settle any dispute between the Parties concerning the good faith application of this Agreement and to arrive at, where possible, a mutually agreed solution.
ARTICLE 14.2
Scope This Chapter applies to any dispute concerning the interpretation and application of the provisions of this Agreement unless otherwise provided1.
SECTION B
CONSULTATIONS
ARTICLE 14.3
Consultations 1. The Parties shall endeavour to resolve any dispute regarding the interpretation and application of the provisions referred to in Article 14.2 by entering into consultations in good faith with the aim of reaching a mutually agreed solution. 2. A Party shall seek consultations by means of a written request to the other Party identifying any measure at issue and the provisions of the Agreement that it considers applicable. A copy of the request for consultations shall be delivered to the Trade Committee.
1 For disputes relating to the Protocol on Cultural Cooperation all references in this Chapter to the Trade Committee shall be understood as referring to the Committee on Cultural Cooperation.
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3. Consultations shall be held within 30 days of the date of the submission of the request and take place, unless the Parties agree otherwise, in the territory of the Party complained against. The consultations shall be deemed concluded within 30 days of the date of the submission of the request, unless the Parties agree to continue consultations. All information disclosed during the consultations shall remain confidential. 4. Consultations on matters of urgency, including those regarding perishable or seasonal goods2 shall be held within 15 days of the date of the submission of the request, and shall be deemed concluded within 15 days of the date of the submission of the request. 5. If consultations are not held within the time frames laid down in paragraph 3 or 4 respectively, or if consultations have been concluded and no mutually agreed solution has been reached, the complaining Party may request the establishment of an arbitration panel in accordance with Article 14.4.
SECTION C
DISPUTE SETTLEMENT PROCEDURES
SUB-SECTION A
ARBITRATION PROCEDURE
ARTICLE 14.4
Initiation of the Arbitration Procedure 1. Where the Parties have failed to resolve the dispute by recourse to consultations as provided for in Article 14.3, the complaining Party may request the establishment of an arbitration panel. 2. The request for the establishment of an arbitration panel shall be made in writing to the Party complained against and the Trade Committee. The complaining Party shall identify in its request the specific measure at issue, and it shall explain how such measure constitutes a breach of the provisions referred to in Article 14.2.
2 Seasonal goods are goods whose imports, over a representative period, are not spread over the whole year but concentrated on specific times of the year as a result of seasonal factors.
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ARTICLE 14.5
Establishment of the Arbitration Panel 1. An arbitration panel shall be composed of three arbitrators. 2. Within 10 days of the date of the submission of the request for the establishment of an arbitration panel to the Trade Committee, the Parties shall consult in order to reach an agreement on the composition of the arbitration panel. 3. In the event that the Parties are unable to agree on the composition of the arbitration panel within the time frame laid down in paragraph 2, either Party may request the chair of the Trade Committee, or the chair's delegate, to select all three members by lot from the list established under Article 14.18, one among the individuals proposed by the complaining Party, one among the individuals proposed by the Party complained against and one among the individuals selected by the Parties to act as chairperson. Where the Parties agree on one or more of the members of the arbitration panel, any remaining members shall be selected by the same procedure. 4. The date of establishment of the arbitration panel shall be the date on which the three arbitrators are selected.
ARTICLE 14.6
Interim Panel Report 1. The arbitration panel shall issue to the Parties an interim report setting out the findings of facts, the applicability of the relevant provisions and the basic rationale behind any findings and recommendations that it makes, within 90 days of the date of establishment of the arbitration panel. Where it considers that this deadline cannot be met, the chairperson of the arbitration panel must notify the Parties and the Trade Committee in writing, stating the reasons for the delay and the date on which the panel plans to issue its interim report. Under no circumstances should the interim report be issued later than 120 days after the date of the establishment of the arbitration panel. 2. Any Party may submit a written request for the arbitration panel to review precise aspects of the interim report within 14 days of its issuance. 3. In cases of urgency, including those involving perishable or seasonal goods, the arbitration panel shall make every effort to issue its interim report and any Party may submit a written request for the arbitration panel to review precise aspects of the interim report, within half of the respective time frames under paragraphs 1 and 2. 4. After considering any written comments by the Parties on the interim report, the arbitration panel may modify its report and make any further examination it considers appropriate. The final arbitration panel ruling shall include a discussion of the arguments made at the interim review stage.
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ARTICLE 14.7
Arbitration Panel Ruling 1. The arbitration panel shall issue its ruling to the Parties and to the Trade Committee within 120 days of the date of the establishment of the arbitration panel. Where it considers that this deadline cannot be met, the chairperson of the arbitration panel must notify the Parties and the Trade Committee in writing, stating the reasons for the delay and the date on which the panel plans to issue its ruling. Under no circumstances should the ruling be issued later than 150 days after the date of the establishment of the arbitration panel. 2. In cases of urgency, including those involving perishable or seasonal goods, the arbitration panel shall make every effort to issue its ruling within 60 days of the date of its establishment. Under no circumstances should it take longer than 75 days after its establishment. The arbitration panel may give a preliminary ruling within 10 days of its establishment on whether it deems the case to be urgent.
SUB-SECTION B
COMPLIANCE
ARTICLE 14.8
Compliance with the Arbitration Panel Ruling Each Party shall take any measure necessary to comply in good faith with the arbitration panel ruling, and the Parties will endeavour to agree on the period of time to comply with the ruling.
ARTICLE 14.9
The Reasonable Period of Time for Compliance
1. No later than 30 days after the issuance of the arbitration panel ruling to the Parties, the Party complained against shall notify the complaining Party and the Trade Committee of the time it will require for compliance. 2. If there is disagreement between the Parties on the reasonable period of time to comply with the arbitration panel ruling, the complaining Party shall, within 20 days of the notification made under paragraph 1 by the Party complained against, request in writing the original arbitration panel to determine the length of the reasonable period of time. Such request shall be notified to the other Party and to the Trade Committee. The arbitration panel shall issue its ruling to the Parties and to the Trade Committee within 20 days of the date of the submission of the request.
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3. In the event that any member of the original arbitration panel is no longer available, the procedures set out in Article 14.5 shall apply. The time limit for issuing the ruling shall be 35 days from the date of the submission of the request referred to in paragraph 2. 4. The Party complained against will inform the complaining Party in writing of its progress to comply with the arbitration panel ruling at least one month before the expiry of the reasonable period of time. 5. The reasonable period of time may be extended by mutual agreement of the Parties.
ARTICLE 14.10
Review of any Measure Taken to Comply with the Arbitration Panel Ruling 1. The Party complained against shall notify the complaining Party and the Trade Committee before the end of the reasonable period of time of any measure that it has taken to comply with the arbitration panel ruling. 2. Where there is disagreement between the Parties as to the existence of a measure or consistency with the provisions referred to in Article 14.2 of any measure notified under paragraph 1, the complaining Party may request in writing the original arbitration panel to rule on the matter. Such request shall identify the specific measure at issue and it shall explain how such measure is incompatible with the provisions referred to in Article 14.2. The arbitration panel shall issue its ruling within 45 days of the date of the submission of the request. 3. In the event that any member of the original arbitration panel is no longer available, the procedures set out in Article 14.5 shall apply. The time limit for issuing the ruling shall be 60 days from the date of the submission of the request referred to in paragraph 2.
ARTICLE 14.11
Temporary Remedies in case of Non-Compliance 1. If the Party complained against fails to notify any measure taken to comply with the arbitration panel ruling before the expiry of the reasonable period of time, or if the arbitration panel rules that no measure taken to comply exists or that the measure notified under Article 14.10.1 is inconsistent with that Party's obligations under the provisions referred to in Article 14.2, the Party complained against shall, if so requested by the complaining Party, present an offer for temporary compensation. 2. If no agreement on compensation is reached within 30 days of the end of the
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reasonable period of time or of the issuance of the arbitration panel ruling under Article 14.10 that no measure taken to comply exists or the measure notified under Article 14.10.1 is inconsistent with the provisions referred to in Article 14.2, the complaining Party shall be entitled, upon notification to the Party complained against and to the Trade Committee, to suspend obligations arising from any provision referred to in Article 14.2 at a level equivalent to the nullification or impairment caused by the violation. The notification shall specify the level of obligations that the complaining Party intends to suspend. The complaining Party may implement the suspension 10 days after the date of the notification, unless the Party complained against has requested arbitration under paragraph 4. 3. In suspending obligations, the complaining Party may choose to increase its tariff rates to the level applied to other WTO Members on a volume of trade to be determined in such a way that the volume of trade multiplied by the increase of the tariff rates equals the value of the nullification or impairment caused by the violation. 4. If the Party complained against considers that the level of suspension is not equivalent to the nullification or impairment caused by the violation, it may request in writing the original arbitration panel to rule on the matter. Such request shall be notified to the complaining Party and to the Trade Committee before the expiry of the 10 day period referred to in paragraph 2. The original arbitration panel shall issue its ruling on the level of the suspension of obligations to the Parties and to the Trade Committee within 30 days of the date of the submission of the request. Obligations shall not be suspended until the original arbitration panel has issued its ruling, and any suspension shall be consistent with the arbitration panel ruling. 5. In the event that any member of the original arbitration panel is no longer available, the procedures laid down in Article 14.5 shall apply. The period for issuing the ruling shall be 45 days from the date of the submission of the request referred to in paragraph 4. 6. The suspension of obligations shall be temporary and apply only until any measure found to be inconsistent with the provisions referred to in Article 14.2 has been withdrawn or amended so as to bring it into conformity with those provisions, as established under Article 14.12, or until the Parties have agreed to settle the dispute.
ARTICLE 14.12
Review of any Measure Taken to Comply after the Suspension of Obligations 1. The Party complained against shall notify the complaining Party and the Trade Committee of any measure it has taken to comply with the ruling of the arbitration panel and of its request for the termination of the suspension of obligations applied by the complaining Party. 2. If the Parties do not reach an agreement on the compatibility of the notified measure with the provisions referred to in Article 14.2 within 30 days of the date of the
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notification, the complaining Party shall request in writing the original arbitration panel to rule on the matter. Such request shall be notified to the Party complained against and to the Trade Committee. The arbitration panel ruling shall be issued to the Parties and to the Trade Committee within 45 days of the date of the submission of the request. If the arbitration panel rules that any measure taken to comply is in conformity with the provisions referred to in Article 14.2, the suspension of obligations shall be terminated. 3. In the event that any member of the original arbitration panel is no longer available, the procedures laid down in Article 14.5 shall apply. The period for issuing the ruling shall be 60 days from the date of the submission of the request referred to in paragraph 2.
SUB-SECTION C
COMMON PROVISIONS
ARTICLE 14.13
Mutually Agreed Solution The Parties may reach a mutually agreed solution to a dispute under this Chapter at any time. They shall notify the Trade Committee of any such solution. Upon notification of the mutually agreed solution, the procedure shall be terminated.
ARTICLE 14.14
Rules of Procedure 1. Dispute settlement procedures under this Chapter shall be governed by Annex 14-B. 2. Any hearing of the arbitration panel shall be open to the public in accordance with Annex 14-B.
ARTICLE 14.15
Information and Technical Advice At the request of a Party, or upon its own initiative, the arbitration panel may obtain information from any source, including the Parties involved in the dispute, as it deems appropriate for the arbitration panel proceeding. The arbitration panel also has the right to seek the relevant opinion of experts as it deems appropriate. Any information obtained in this manner must be disclosed to both Parties which may submit comments. Interested natural or legal persons of the Parties are authorised to submit amicus curiae
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briefs to the arbitration panel in accordance with Annex 14-B.
ARTICLE 14.16
Rules of Interpretation
Any arbitration panel shall interpret the provisions referred to in Article 14.2 in accordance with customary rules of interpretation of public international law, including those codified in the Vienna Convention on the Law of Treaties. Where an obligation under this Agreement is identical to an obligation under the WTO Agreement, the arbitration panel shall adopt an interpretation which is consistent with any relevant interpretation established in rulings of the WTO Dispute Settlement Body (hereinafter referred to as the "DSB"). The rulings of the arbitration panel cannot add to or diminish the rights and obligations provided for in the provisions referred to in Article 14.2.
ARTICLE 14.17
Arbitration Panel Decisions and Rulings 1. The arbitration panel shall make every effort to take any decision by consensus. Where, nevertheless, a decision cannot be arrived at by consensus, the matter at issue shall be decided by majority vote. In no case shall dissenting opinions of arbitrators be published. 2. Any ruling of the arbitration panel shall be binding on the Parties and shall not create any rights or obligations for natural or legal persons. The ruling shall set out the findings of fact, the applicability of the relevant provisions of this Agreement and the basic rationale behind any findings and conclusions that it makes. The Trade Committee shall make the arbitration panel rulings publicly available in its entirety unless it decides not to do so.
SECTION D
GENERAL PROVISIONS
ARTICLE 14.18
List of Arbitrators 1. The Trade Committee shall, no later than six months after the entry into force of this Agreement, establish a list of 15 individuals who are willing and able to serve as arbitrators. Each Party shall propose five individuals to serve as arbitrators. The Parties shall also select five individuals who are not nationals of either Party and shall act as chairperson to the arbitration panel. The Trade Committee will ensure that the
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list is always maintained at this level. 2. Arbitrators shall have specialised knowledge or experience of law and international trade. They shall be independent, serve in their individual capacities and not take instructions from any organisation or government with regard to matters related to the dispute, or be affiliated with the government of any Party, and shall comply with Annex 14-C.
ARTICLE 14.19
Relation with WTO Obligations 1. Recourse to the dispute settlement provisions of this Chapter shall be without prejudice to any action in the WTO framework, including dispute settlement action. 2. However, where a Party has, with regard to a particular measure, initiated a dispute settlement proceeding, either under this Chapter or under the WTO Agreement, it may not institute a dispute settlement proceeding regarding the same measure in the other forum until the first proceeding has been concluded. In addition, a Party shall not seek redress of an obligation which is identical under this Agreement and under the WTO Agreement in the two forums. In such case, once a dispute settlement proceeding has been initiated, the Party shall not bring a claim seeking redress of the identical obligation under the other Agreement to the other forum, unless the forum selected fails for procedural or jurisdictional reasons to make findings on the claim seeking redress of that obligation. 3. For the purposes of paragraph 2:
(a) dispute settlement proceedings under the WTO Agreement are deemed to be initiated by a Party's request for the establishment of a panel under Article 6 of the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement (hereinafter referred to as the "DSU") and are deemed to be concluded when the DSB adopts the Panel's report, and the Appellate Body's report as the case may be, under Articles 16 and 17.14 of the DSU; and
(b) dispute settlement proceedings under this Chapter are deemed to be
initiated by a Party's request for the establishment of an arbitration panel under Article 14.4.1 and are deemed to be concluded when the arbitration panel issues its ruling to the Parties and to the Trade Committee under Article 14.7.
4. Nothing in this Agreement shall preclude a Party from implementing the suspension of obligations authorised by the DSB. The WTO Agreement shall not be invoked to preclude a Party from suspending obligations under this Chapter.
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ARTICLE 14.20
Time Limits 1. All time limits laid down in this Chapter, including the limits for the arbitration panels to issue their rulings, shall be counted in calendar days, the first day being the day following the act or fact to which they refer. 2. Any time limit referred to in this Chapter may be extended by mutual agreement of the Parties.
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ANNEX 14-A
MEDIATION MECHANISM FOR NON-TARIFF MEASURES
ARTICLE 1
Objective The objective of this Annex is to facilitate the finding of a mutually agreed solution to non-tariff measures adversely affecting trade between the Parties through a comprehensive and expeditious procedure with the assistance of a mediator.
ARTICLE 2
Scope The mediation mechanism shall apply to any measure, other than customs duties, which a Party believes adversely affects trade between the Parties and which is related to any matter falling under market access in goods1 including under Chapter Two (National Treatment and Market Access for Goods) and the Annexes pertaining thereto.
SECTION A
PROCEDURE UNDER THE MEDIATION MECHANISM
ARTICLE 3
Initiation of the Mediation Procedure 1. A Party may request, at any time, that the other Party enter into a mediation procedure. Such request shall be addressed to the other Party in writing. The request shall be sufficiently detailed to present clearly the concerns of the requesting Party and shall:
(a) identify the specific measure at issue;
1 For the purposes of this Annex, market access in goods covers non-agricultural market access (NAMA) and its related trade rules including trade remedies, technical barriers to trade, sanitary and phytosanitary measures, trade facilitation, rules of origin, safeguards and the Sectoral Annexes to Chapter Two (National Treatment and Market Access for Goods). It excludes trade in agricultural products, services and establishment, cultural cooperation, government procurement, competition, intellectual property rights, payments and capital movements and trade and sustainable development.
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