Enforcement Decree Fire Extinguishing Installation Company Act (Presidential Decree No. December 2019) Article 2 (Table 1). Enforcement Decree of the Pharmaceutical Affairs Act (President's Decree no. March 2020) Article 31-2 Decree on facility standards for manufacturers and importers of medicines (President's Decree no. March 2013).
KOREA – 11
A person who provides distribution services for pharmaceutical products (including distribution of han-yak-jae (Asian medicinal herbs)) must open a pharmacy in Korea.
KOREA – 13
Obligation Concerned : National treatment (Article 8.4) Market access (Article 8.5) Local presence (Article 8.11) Description : Trade in services. A person who provides international maritime cargo transportation must be organized as a business in Korea as stipulated in the Korean Trade Law.
KOREA – 15
A license for public facilities-based telecommunications services shall not be granted or held by a legal entity organized under Korean law in which a foreign government, a foreign person or a deemed foreign person holds in total more than 49 percent of the legal entity. total voting shares. A foreign government, foreign person, or deemed foreign person may not hold in the aggregate more than 49 percent of the total voting stock of a facility-based public telecommunications service provider.
KOREA – 19
A person who provides retail, leasing, rental or repair services related to medical equipment must establish an office in Korea. A foreign person, a foreign government, or a Korean enterprise owned or controlled by a foreign person that intends to conduct marine scientific research in the territorial waters or exclusive economic zone of Korea must obtain prior authorization or consent from the Minister of Oceans and Fisheries, while a Korean national or a Korean enterprise not owned or controlled by a foreign person need only notify the Minister of Oceans and Fisheries.
KOREA – 23
Only gae-in-sa-mu-so (sole proprietors), gam-sa-ban (audit task forces) or hoe-gye-boep-in (limited liability accounting firm) established in Korea by gong-in -hoe -gye-sa (Korea Certified Public Accountant) registered under the Certified Public Accountant Act can provide accounting and auditing services. Only gong-in-hoe-gye-sa (Korea-certified public accountants) in an audit work group or accounting firm may provide audit services regulated by the Law on External Audit of Joint-Stock Companies.
KOREA – 25
A person providing industrial workplace safety and health management or diagnostic services must establish an office in Korea. Regulations for the Implementation of the Industrial Safety and Health Act (Decree of the Ministry of Labor and Employment No. 272, December 26, 2019) Articles 16 and 229.
KOREA – 27
KOREA – 29
Implementing Decree of the Law on the Protection of Posted Workers (Presidential Decree No. December 2019) Articles 2 and 3. Implementing Regulations of the Law on the Protection of Posted Workers (Decree of the Ministry of Labor and Employment No. 27201) Articles 3 and 5.
KOREA – 31
For transparency purposes, only five types of security services are allowed in Korea:. a) shi-seol-gyung-bee (facility security);. Enforcement Decree of the Law on the Security Service Industry (Presidential Decree No. 30384, 4 February 2020) Articles 3 and 4 Enforcement Provisions of the Law on the Security Service Industry (Decree of the Ministry of the Interior and Security No. 112, 23 April 2019) .
KOREA – 33
Implementing Regulations of the Aviation Business Act (Ordinance of the Ministry of Land, Infrastructure and Transport No. 732, May 27, 2020) Articles 5, 41 and 43. 3 For greater security, an office in Korea is not required to provide maintenance and repair services for a Korean aircraft in the territory of other Parties.
KOREA – 35
Decree on the Establishment of the Korean National Open University (Presidential Decree No March 2020) Articles 1 and 2.
KOREA – 37
KOREA – 39
Industry: Environmental Services - Wastewater Treatment Services, Waste Management Services, Air Pollution Treatment Services, Environmental Prevention Facilities, Environmental Impact Assessment, Soil Remediation and Groundwater Treatment Services, and Toxic Chemical Control Services. A person providing the environmental services listed in the Sector title must establish an office in Korea.
KOREA – 41
The following persons may not serve as a dae-pyo (such as a chief executive officer, president, or similar chief senior officer) or editor of a news agency or serve as an im-won (member of the board of directors) of Yonhap News or the News Agency Promotion Committee: . b) a Korean citizen who does not have a permanent residence in Korea. For greater certainty, such branch or office may not distribute news-tong-sin (news releases) in Korea.
KOREA – 43
Only producer organizations or public interest organizations that are prescribed in the Enforcement Decree of the Distribution and Price Stabilization of Agricultural and Fishery Products Act may set up a gong-pan-jang (common wholesale market). For greater certainty, Articles 8.4 (National Treatment) and 8.5 (Market Access) do not prevent Korea from adopting or maintaining any measure related to the administration of WTO TRQs.
KOREA – 45
Foreign persons, in total, cannot own more than 30 percent of the shares of Korea Gas Corporation (KOGAS). Act on Improving the Managerial Structure and Privatization of Public Enterprises (Law No. March 2020) Article 19 Law on Financial Investment Services and Capital Markets (Law No. 17219, April 7, 2020).
KOREA – 47 LIST B
Korea reserves the right to adopt, in connection with the establishment or acquisition of an investment, any measures that are necessary to maintain public order in accordance with Article 4 of the Foreign Investment Promotion Act and Article 5 of the Investment Implementation Decree of Foreign. Act of promotion, provided that the measure:.
KOREA – 49
KOREA – 51
Korea reserves the right to adopt or maintain any measures relating to investment or provision of services in industries other than those recognized or other than those which should have been recognized by the Government of Korea due to the circumstances at the date of entry into force of this Agreement . Korea reserves the right to adopt or maintain any measures regarding investment or provision of services in industries that were not technically feasible on the date of entry into force of this Agreement.
KOREA – 53
Korea reserves the right to adopt or maintain any measure related to the acquisition of land by foreign persons, except that a legal entity will continue to be allowed to acquire land if the legal entity: is not considered a foreigner under Article 2 of the Law on Reporting real estate transactions, etc.; and. is considered foreign according to the law on reporting of transactions with real estate, etc. or is a branch of a foreign legal entity that requires approval or notification under the Real Estate Transaction Reporting Act, etc., if the land is used for any of the following legal business purposes:. a) land used for normal business activities;. Korea reserves the right to adopt or maintain any measures regarding the acquisition of agricultural land by foreign persons.
KOREA – 55
Prohibition of performance requirements (Article 10.6) Management and board of directors (Article 10.7) Description: Trade in services and investments.
KOREA – 57
KOREA – 59
Korea reserves the right to adopt or maintain any measure that gives countries different treatment under any bilateral or multilateral international agreement in force or signed before the date of entry into force of this Agreement6. 6 For greater certainty, this right extends to any different treatment accorded on the basis of a subsequent revision or amendment of the relevant bilateral or multilateral international agreement.
KOREA – 61
Sector: Atomic Energy - Nuclear Power Generation; production and supply of nuclear fuel; nuclear materials; Treatment and disposal of radioactive waste (including treatment and disposal of spent and spent fuel); facilities for generating radioisotopes and radiation; Radiation monitoring services; Korea reserves the right to adopt or maintain any measure with respect to the atomic energy industry.
KOREA – 63
Korea reserves the right to adopt or maintain any measures regarding the importation and wholesale distribution of natural gas and the operation of terminals and the national high-pressure pipeline network. Such measure shall not reduce the level of foreign ownership permitted in the gas industry as set out in the entry in List A relating to the energy industry (gas industry).
KOREA – 65
Sector : Transport services - Road transport services (does not include road freight transport services related to courier services). Korea reserves the right to adopt or maintain any measure related to road transport services, except road transport of containerized cargo (except cabotage) by international shipping companies and road transport services related to courier services.
KOREA – 67
Korea reserves the right to adopt or maintain any measure with respect to warehousing and warehousing services related to agricultural, fishery and livestock products.
KOREA – 69
KOREA – 71
Korea reserves the right to approve or withhold any preferential co-production agreements for film or television productions. Official co-production status, which may be granted to a co-production produced under such a co-production agreement, gives national treatment to works covered by a co-production agreement.
KOREA – 73
Korea reserves the right to adopt or maintain any measure with respect to real estate development, supply, management, sale and rental services, excluding brokerage and appraisal services.
KOREA – 75
Korea reserves the right to take any measures to ensure that Korean consumers are not unreasonably denied access to such content if the Korean government determines that Korean digital audio or video content or genres thereof are not readily available to Korean consumers. With respect to digital audio or video services directed at Korean consumers, Korea reserves the right to take any measures to promote the availability of such content.
KOREA – 77
Sector: Business and Environmental Services - Examination, Certification and Classification of Agricultural Raw Materials and Live Animals (nong chuk san mul). Korea reserves the right to adopt or maintain any measure related to examination, certification and classification of agricultural raw materials and live animal products.
KOREA – 79
KOREA – 81
Korea reserves the right to adopt or maintain any measure relating to pre-primary, primary and secondary education;.
KOREA – 83
Prohibition of Performance Requirements (Article 10.6) Senior Management and Board of Directors (Article 10.7) Description: Trade in Services and Investments. Korea reserves the right to adopt or withhold any measures related to gambling and betting services.
KOREA – 87
Korea reserves the right to adopt or maintain any measures, including: a) restrictions on certification, approval, registration, admission and supervision and any other requirements relating to foreign licensed lawyers or foreign law firms practicing any legal services in Korea;. However, they must not engage in:. a) representation in judicial or legal proceedings before courts and other government agencies and preparation of legal documents for such proceedings;.
KOREA – 89
KOREA – 91
Korea reserves the right to adopt or maintain measures with respect to se-mu-sa (Korean certified tax accountants) services, including those relating to ownership, partnership, nationality of managers and directors, and the scope of services to be provided. Foreign-certified tax accountants intending to provide se-mu-sa (Korean-certified tax accountants) services in Korea must be nationally licensed and registered under the Certified Tax Accountant Act.
KOREA – 93
KOREA – 95
Maritime cabotage includes sea transportation between ports located along the entire Korean peninsula and any adjacent islands. a) a vessel owned by the Korean government, a state-owned enterprise or an institution established under the Ministry of Oceans and Fisheries. For greater security, measures relating to landside aspects of port activities are subject to the application of Article 10.15 (Security Exceptions).
KOREA – 97
KOREA – 99
For the following sectors, Korea's obligations under Article XVI of GATS as set out in Korea's Annex of Specific Obligations under the GATS(GATS/SC/48, GATS/SC/48/Suppl.1, GATS/SC/48/Suppl. 1 /Rev.1, GATS/SC/48/Suppl.2, GATS/SC/48/Suppl.3, and GATS/SC/48/Suppl.3/Rev.1) have been improved as described.
Sector or Sub-sector Market Access Improvements
Others
KOREA – 101 - Game Services (CPC 964**)
All commitments in this Appendix are subject to the entry requirements, domestic laws, regulations, rules, guidelines, terms and conditions of the Financial Services Commission (FSC) or other relevant regulatory authorities in Korea, which are in accordance with Article VI of the GATS and paragraph 2 of the Annex on financial services to GATS. The financial sectors are basically reclassified according to the Schedule 8A (Financial Services) category.
KOREA – 103
Ways of Supply: 1) Cross-Border Supply 2) Consumption abroad 3) Restrictions of Sector or Subsector of commercial presence Restrictions of market entry Restrictions on national treatment Additional Commitments d) Intermediation in insurances and.
KOREA – 105
Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Sector or sub-sector restrictions on commercial presence Market access restrictions National treatment restrictions Additional commitments.
KOREA – 107
KOREA – 109
KOREA – 111
