KJCKorea
Journal Central

@article{ART001060393},
author={Kim, Kwan Ho},
title={KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2007},
volume={16},
number={1},
pages={37-66}

TY - JOUR
AU - Kim, Kwan Ho
TI - KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System
JO - Journal of Regulation Studies
PY - 2007
VL - 16
IS - 1
PB - 한국규제학회
SP - 37
EP - 66
SN - 1738-7132
AB - International Investment Agreements include a clause requiring compensation for indirect expropriation, which is a state measure that substantially impairs the value of investment without necessarily assuming ownership of the investment. The investment chapter of the KORUS FTA which is being negotiated will also include the clause. This paper examines the controversial issues surrounding this clause and explores some implications for the Korea's property rights protection system. Korea's legal system is generally consistent with the rules on indirect expropriation provided in the investment agreements. The case of reverse discrimination to the detriment of the nationals is not so likely. It is not a legitimate concern that this clause will exert a chilling effect on government's decisions to regulate in the public interest. KORUS FTA is an opportunity to improve the Korea's property rights protection system. The domestic procedures for remedies need to be more effective. The policy makers should consider other viable alternatives, when available, to meet required objectives while minimizing the potential impact on the property rights.
KW - KORUS FTA;investment agreement;indirect expropriation;regulatory taking;property rights
DO -
UR -
ER -

Kim, Kwan Ho. (2007). KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System. Journal of Regulation Studies, 16(1), 37-66.

Kim, Kwan Ho. 2007, "KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System", Journal of Regulation Studies, vol.16, no.1 pp.37-66.

Kim, Kwan Ho "KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System" Journal of Regulation Studies 16.1 pp.37-66 (2007) : 37.

Kim, Kwan Ho. KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System. 2007; 16(1), 37-66.

Kim, Kwan Ho. "KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System" Journal of Regulation Studies 16, no.1 (2007) : 37-66.

Kim, Kwan Ho. KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System. Journal of Regulation Studies, 16(1), 37-66.

Kim, Kwan Ho. KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System. Journal of Regulation Studies. 2007; 16(1) 37-66.

Kim, Kwan Ho. KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System. 2007; 16(1), 37-66.

Kim, Kwan Ho. "KORUS FTA and Indirect Expropriation: Implications for the Korea's Property Rights Protection System" Journal of Regulation Studies 16, no.1 (2007) : 37-66.