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The Korean parliament passed the long-pending Free Trade Agreement with the USA (KORUS FTA) in a controversial session on 22 November. As the agreement had been also approved by the US parliament about one month before, it is planned to take effect already on 1 January 2012.
The KORUS FTA includes a number of provisions related to Intellectual Property rights. Some of the most important stipulations are as follows:
For further information, please refer to the following article in Korea's news agency Yonhap news of 22 November 2011 (in English) and the US government FTA information website with a downloadable version of the complete agreement..