Korea has achieved remarkable economic development since the 1960s, rising within a single generation from one of the poorest countries in the world to one with an affluent economy supported by world-class industries and large production capacities. This successful development of Korea has been...

The Protocol for China's accession into the WTO stipulated certain types of differential treatment for China, including the determination of normal value in anti-dumping investigations for the transitional period of 15 years. This treatment was authorized by the Protocol in response to concerns...

This paper examines the role of the law in state capitalism and assesses the law's impact. The law forms the regulatory frameworks in which the state participates in the economy and attempts to regulate the manner and extent of such participation. The law is both a facilitator and a regulator of...

Political stability is an important precondition for economic development. While political stability cannot be created by laws alone, an effective legal framework for political governance, such as a constitution, can facilitate political stability. It is noted that political stability is not...

Sustainable development, a new consensus on international development that aims to protect the environment and resources for future generations, is currently promoted on a global scale, as demonstrated by the United Nation's Sustainable Development Goals (SDGs). Sustainable development is an...

In March 2018, the United States enacted tariff increases on a vast range of imported steel and aluminum products. The Trump administration cited national security concerns as the justification, claiming an exception under GATT Article XXI. In response to these tariffs, several WTO Members,...

The recent WTO dispute case, Korea – Import Bans, and Testing and Certification Requirements for Radionuclides (Korea – Radionuclides), illustrates complex legal issues and significant political implications associated with the regulatory autonomy of a sovereign country under the WTO...

On March 13, 2012, Japan, the United States, and the European Union filed Requests for Consultations (Requests) with the World Trade Organization (WTO), contesting China's export restrictions on rare earth elements (REE). The Requests were long expected, given the growing importance of REE,...

While corporations do not enjoy unfettered freedom—they are constrained by legal, political, and social requirements and expectations—governments must have legitimate grounds to compel corporations to act. After investigating the nationwide semiconductor shortage, the U.S. Secretary of...

The proliferation of regional trade agreements (RTAs) in the recent decades threatens the future of the multilateral trading system (MTS) because the exclusive trade preferences of RTAs, although approved under the provisions of Article XXIV General Agreement on Tariffs and Trade (GATT), are...