S. Korea Ratifies US Trade Deal Despite Opposition

Law360, New York (November 22, 2011, 2:00 PM EST) -- South Korea's National Assembly passed a free trade agreement with the United States on Tuesday despite continued objections from the country's opposition party to a controversial investor-state dispute settlement provision.

The vote came less than a week after South Korea's opposition Democratic Party rejected President Lee Myung-bak's offer to renegotiate the provision — which allows U.S. investors to settle disputes with the South Korean government in international courts — if the trade deal were ratified first, and eliminates the last major hurdle to the FTA going...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.