@article{ART002743599},
author={Choi, Sang Pil},
title={The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.},
journal={Journal of International Business Transactions Law},
issn={2982-5903},
year={2021},
number={34},
pages={43-64}
TY - JOUR
AU - Choi, Sang Pil
TI - The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.
JO - Journal of International Business Transactions Law
PY - 2021
VL - null
IS - 34
PB - The Institute for Legal Studies Dong-A University
SP - 43
EP - 64
SN - 2982-5903
AB - In Europe, where the Resale Royalty Right is already settled, if an art dealer or auctioneer is involved as an acquirer, seller or broker in relation to the resale of the original artwork, the seller is required to pay a certain amount of the resale price to the author, but In Korea the Resale Royalty Right has not been introduced yet.
The introduction of the Resale Royalty Right has the advantage of ensuring the economic benefits of artists and their descendants to some extent depending on their protection period.
However, in Korea, which has a different artistic environment from Europe, the hasty introduction of the Resale Royalty Right could further dampen the art auction market, which could worsen the artist's profit structure and cause a outflow of domestic capital.
Nevertheless, rather than unconditionally hesitating to introduce the Resale Royalty Right due to these negative aspects, it is desirable to seek legislation of the right to compensate for shortcomings and maximize advantages through active discussions.
Consequently, in this work, a legislative proposal was presented to add new and detailed regulations on the Resale Royalty Right to our copyright law by referring to foreign precedents and analyzing strengths and weaknesses.
KW - resale royalty right;art works;copyright;art auction markets;Korea-EU FTA;economic benefits;distribution right
DO -
UR -
ER -
Choi, Sang Pil. (2021). The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.. Journal of International Business Transactions Law, 34, 43-64.
Choi, Sang Pil. 2021, "The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.", Journal of International Business Transactions Law, no.34, pp.43-64.
Choi, Sang Pil "The Resale Royalty Right of EU and Legislation for the introduction into our copyright law." Journal of International Business Transactions Law 34 pp.43-64 (2021) : 43.
Choi, Sang Pil. The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.. 2021; 34 : 43-64.
Choi, Sang Pil. "The Resale Royalty Right of EU and Legislation for the introduction into our copyright law." Journal of International Business Transactions Law no.34(2021) : 43-64.
Choi, Sang Pil. The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.. Journal of International Business Transactions Law, 34, 43-64.
Choi, Sang Pil. The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.. Journal of International Business Transactions Law. 2021; 34 43-64.
Choi, Sang Pil. The Resale Royalty Right of EU and Legislation for the introduction into our copyright law.. 2021; 34 : 43-64.
Choi, Sang Pil. "The Resale Royalty Right of EU and Legislation for the introduction into our copyright law." Journal of International Business Transactions Law no.34(2021) : 43-64.
