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31 Korean J. Int'l & Comp. L. 1 (2003)
Foreign Investment Law of Korea: Past and Present

handle is hein.journals/ktilc31 and id is 5 raw text is: FOREIGN INVESTMENT LAW OF KOREA :PAST AND PRESENT Chan-Jin Kim* I. Introduction The fundamental question as to whether foreign capital could be a panacea for a rapid economic growth in the underdeveloped regions of the world or a mere tool for another form of colonialism of the developed countries was often debated during a period right after the World War II. The Marshall Plan of the U.S. government was conceived of as a means of keeping the Western part of Europe from falling into the hands of Communism. Overseas investment was highly encouraged by the U.S. policy on two grounds: Overseas investment could supply capital to those needed countries in lieu of limited U.S. public resources and the inevitable transfer * Former Member of the National Assembly of the Republic of Korea (1997-2000), Senior Partner of CJ International Law Offices; Ph.D. in Law, University of Washington, 1972; M.C.L., University of Michigan, 1969; LL.M., 1967 and LL.B., 1963 Seoul National University Law School. In preparation of this paper, I am indebted to Mr. Chang-Su Choe for his invaluable assistance in search for the recent legislative developments and current record of foreign investment in Korea. Mr. Choe is a Ph.D. candidate for comparative antitrust law at the University of Washington School of Law, 2003 (J.D., Loyola University Chicago School of Law, 2001; B.A., Yonsei University, 1996).

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