RESTRICTED
WORLD TRADE S/NGMTS/W/2/Add.7/Corr.1
17February 1995
ORGANIZATION(95-0339)
Original: English Negotiating Group onMaritime Transport Services
COMMUNICATION FROM THE REPUBLIC OFKOREA
Response toQuestionnaire onMaritime Transport Services
Corrigendum
Thefollowing communication iscirculated attherequest oftheRepublic ofKorea tomembers
oftheNegotiating Group onMaritime Transport Services.
_______________
Please note thefollowing corrections ofdocument S/NGMTS/W/2/Add.7.
I. Market Structure
(1) Page 2:Table onstructure ofnationally-owned oroperated fleet. First column, replace
"Combination Ships" with "Container Ships".
(2) Page 3:Response toQuestion 7,replace "shipping byconsortia" with "shipping byconsortia
andconferences".
II. Regulatory Structure
(3) Page 5:Response toQuestion 5,replace thesecond paragraph onthepage with:
"ofportservices anchorage andberthing services (excluding certain ports) andnavigation aids
services areexclusively provided bythegovernment. The other port services (e.g.
loading/unloading, towing andtugassistance, etc.) areprovided byprivate firms with the
permission oftheAdministrator ofKMPA. Economic needs testisapplied when the
Administrator issues such permission".
(4) Page 5,Response toQuestions 8.(a)-(c), replace with thefollowing:
"8.(a) With respect tocommercial presence oftheinternational shipping sector:
Ajoint-venture or100percent foreign ownership inthetransportation business of
LPG, LNG, cross-trading ortransportation ofcontainer cargo bycar-ferry isallowed.
Fortheother transportation businesses under theinternational shipping sector, the
following conditions should besatisfied: (1)Ajoint-venture with aKorean carrier,
and(2)theAdministrator ofKMPA recognizes theneed forcommercial presence to
enhance international co-operation ortoestablish international routes, inaccordance
with theShipping Industry Promotion Act.
./.S/NGMTS/W/2/Add.7/Corr.1
Page 2
However, other forms ofcommercial presence asdefined intheKorean schedule
(GATS/SC/48) areallowed with nolimitation.
8.(b) Nolimitation.
8.(c) Seeanswer toQuestion No.2."
(5) Page 5,Response toQuestion 9,replace with thefollowing:
"9. Yes.
- With respect tointernational shipping, seeanswer toQuestion No.8.(a) (of
Part II).
- Regarding shipping auxiliary services, ajoint-venture or100percentforeign
ownership rendering maritime agency services, maritime freight forwarding
services, shipping brokerage services orvessel maintenance andrepair services
must beincorporated asaChusik Hoesa (ajoint stock company)".