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South Korea extends copyright as part of KAFTA

Staff writer ▼ | February 17, 2014
The Australian government released the final negotiated terms of the Korea-Australia Free Trade Agreement (KAFTA), which is intended to give Australian businesses increased access to the South Korean market.
Korea Australia
Korea AustraliaThe Australian government released the final negotiated terms of the Korea-Australia Free Trade Agreement (KAFTA), which is intended to give Australian businesses increased access to the South Korean market.


The agreement will and likewise for businesses from the Republic of Korea conducting business in Australia.

South Korea will extend its current copyright laws by 20 years to harmonise its copyright laws with Australia, so that both nations will have a copyright term of "not less than the life of the author and 70 years after the author's death", or 70 years after the first performance, recording, or publication of a work. The transition arrangements give South Korea two years to implement the copyright changes.

Once the agreement comes into force, Australian telcos will be able to acquire all of the voting shares in a "facilities-based telecommunications service supplier in Korea", while the screening threshold for Korean investment in Australia will be raised from AU$248 million to AU$1,078 million, provided the investment is not a sector of the economy deemed sensitive.

Governments at the equivalent federal and state levels will have to give the same level of treatment to companies from the other signatory nation as they do to domestic suppliers. The chapter specifies a procurement process that the Australian government says is consistent with the one it currently uses.

For electronic commerce, neither nation will impose custom duties on electronic transmissions from the other, and, as well as committing to protect consumers and their personal data in the electronic realm, both nations agreed to tackle spam and telemarketing.


 

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