"The World and Japan" Database (Project Leader: TANAKA Akihiko)
Database of Japanese Politics and International Relations
National Graduate Institute for Policy Studies (GRIPS); Institute for Advanced Studies on Asia (IASA), The University of Tokyo

[Title] Annex, Agreement between the Government of Japan and the Government of the Republic of Korea for the Liberalisation, Promotion and Protection of Investment

[Place] Seoul
[Date] March 22, 2002
[Source] Ministry of Foreign Affairs of Japan
[Notes]
[Full text]

ANNEX I

EXCEPTIONAL SECTORS OR MATTERS TO ARTICLE 2, PARAGRAPH 3 OF ARTICLE 8, AND ARTICLE 9

THE REPUBLIC OF KOREA

1. Defense industry

2. Broadcasting industry

3. Network operating industry

4. Fisheries

5. Tobacco industry

6. Electricity industry

7. Gas industry

8. Capital transactions with non-residents (won-denominated loans, won-denominated securities with short-term maturities, foreign currency denominated financial credits, guarantees or collaterals, financially unsound corporation’s borrowing from non-residents, and derivatives transaction)

9. Foreign acquisition of land

10. Nuclear energy industry

11. Motion pictures industry (Screen quota)

12. Newspaper publishing industry (restrictions on being a publisher or an editor)

13. News agency activities industry (restrictions on being a publisher or an editor)

14. Magazines and periodicals publishing industry (restrictions on being a publisher or an editor)

15. The maintenance, designation, or elimination (including privatisation) of a public monopoly other than those covered by Annex II

16. The maintenance, establishment or disposal (including privatisation) of a state enterprise other than those covered by Annex II

17. Subsidies

Most-favoured-nation treatment shall be accorded in the sectors or matters specified in 1 to 17 other than 4 and 9.

JAPAN

1. Fisheries within the territorial sea and internal waters

2. Explosives manufacturing industry

3. Nuclear energy industry

4. Aircraft industry

5. Arms industry

6. Space industry

7. Broadcasting industry

8. Financial Services (deposit insurance)

9. Electricity utility industry

10. Gas utility industry

11. The maintenance, designation or elimination (including privatisation) of a public monopoly

12. The maintenance, establishment or disposal (including privatisation) of a state enterprise

13. Subsidies

Most-favoured-nation treatment shall be accorded in the sectors or matters specified in 2 to 13.

ANNEX II

EXCEPTIONAL SECTORS OR MATTERS TO ARTICLE 2, PARAGRAPH 3 OF ARTICLE 8, AND ARTICLE 9

THE REPUBLIC OF KOREA

1. Rice and barley production industry

2. Beef cattle-farming industry

3. Meat wholesale industry

4. Telecommunications industry (other than network operating industry)

5. Water transport industry

6. Air transport industry

7. Outdoor advertising industry

8. Financial Services (liaison offices of foreign banks, branches of foreign credit information companies, Korea Development Bank and Export- Import Bank of Korea)

9. Registration of aircraft in the national register and matters arising from such registration

10. Matters related to or arising from the nationality of ship, and the acquisition of ship or of any interest in ship

JAPAN

1. Primary industry related to agriculture, forestry and fisheries (except those covered by Annex I)

2. Oil industry

3. Mining industry

4. Biological preparations manufacturing industry

5. Leather and leather products manufacturing industry

6. Water supply and waterworks industry

7. Railway transport industry

8. Omnibus industry

9. Freight forwarding business industry

10. Water transport industry

11. Air transport industry

12. Telecommunications industry

13. Security industry

14. Heat supply industry

15. Registration of aircraft in the national register and matters arising from such registration

16. Matters related to or arising from the nationality of ship, and the acquisition of ship or of any interest in ship