The Character of the Korean Trade Law

Download or read book The Character of the Korean Trade Law written by Bong-Chul Kim and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - This research is to discuss Korean international and domestic trade law related issues, especially the function of Korean legal infrastructure and the multi-layered character of law. Then, the paper will suggest the needs of the response in order to manage legal challenges. Design/Methodology/Approach - This research examines the Korean trade agreements and suggests new possible implications of the rules. Several possible challenges to the laws will then be scrutinized in the paper. Findings - The result of the study is that many international trade works of countries are mainly based on their laws, and these laws can be distinguished by several standards. The international agreements are evaluated as the 'social infrastructure' for the trade issue, so-called 'legal infrastructure' for trade activities ? from multinational international laws such as WTO agreements to more preferential or bilateral international laws such as FTAs. Korea has expanded its legal infrastructure for trade and economic development. There are factors that are responsible for the change in Korean legal infrastructure for trade. These factors both address economic and non-economic issues, which compels international trade laws to cover non-economic issues. Research Implications - This paper will help readers to enhance the understandings to the concept of legal infrastructure and the challenges to the laws. The international legal infrastructure on trade works would serve as an engine for invigorating its economy and domestic rules. This influenced further changes in Korean domestic laws and international trade laws.