Inauguration of the AEC and Its Impacts on Relation between Singapore and Indonesia(22)

Comparative Research on Relationship of Singapore and Indonesia in the AEC Aspect

WIKA has moved into distinct sectors, among them industry, infrastructure and building, energy and industrial plant construction, realty and property, as well as investment. 

After successfully participating in the development of infrastructure and construction projects in Indonesia, WIKA is expecting to expand in ASEAN and beyond. WIKA has expanded into Sarawak in Malaysia and East Timor. As a state owned company, WIKA is a keen supporter of the AEC.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(8)

Comparative Study on the Perception and Response of Singapore and Indonesia

Singapore, the most advanced economy and Indonesia, the largest economy has led the ASEAN so far. My argument will move on to potential benefits and drawbacks the two countries may enjoy or suffer by performing SWOT analysis. 

In the final section, results of comparative examination on the impacts of the AEC on Singapore and Indonesia will be demonstrated. This study will be concluded with brief suggestions especially for the governments of the two countries in hopes of stalwart execution of the AEC in the near future.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(5)

Comparative Study on the Perception and Response of Singapore and Indonesia

It isn't too much to say that agendas of the AEC Blueprint 2015 such as elimination of tariffs, facilitation of skilled labor mobility, liberalization of investment have been greatly valued to the international community. 

In that more than 95% of intra-regional trades have been conducted free from any types of tariff, expectation for meaningful progresses of the AEC gets bigger and bigger. Under this circumstance, it is no wonder that academic attempts to browse the era of the AEC have been carried out over the past decade.

Study with Nikkei Asian Review(1)

Asian schools itself in the art of business
Regional MBA programs shine as demand for education soars

What are the key factors lying behind the booming of Asian business schools?

Please name out major characteristics of Asian business schools. How are they different from those of Western business schools?

Neither South Korean nor Japanese business schools are listed in top 50 of FT’s global MBA rankings. Please let us know your opinion especially in the aspect of the economic clout of the two countries.

Have you ever thought about singing up for Asian business schools including Korean schools? If so, why? If not, why?

How do you see the future of Asian business schools? What would be your recommendation for MBA programs in the region?

International Disputes over the Intellectual Property Rights(4)

Study on international disputes over the intellectual property rights

Namely, the Korean court decided vividly that even if an intellectual property had been invented in a foreign nation but if a suit should be brought for its infringement or protection in Korea, the Korean law would be applied to the case according to 'lex loci protectionis.' 

The fact that the Korean court applied 'lex loci protectionis' to the case based on Article 24 of Private International Law specifying "Intellectual property rights shall be protected by the law of the nation where they are infringed upon" is interpreted in such a way that 'lex loci protectionis' accepted widely in determining the governing law for the international disputes over the intellectual property rights should be more realistic.

On the other hand, a variety of international efforts are being made to unify the standards for determining the governing law for the international disputes over the intellectual property rights. The model examples of such movements are Berne Convention, Rome Convention, and the like. 

International Disputes over the Intellectual Property Rights(2)

Study on international disputes over the intellectual property rights

Acts and judicial precedents of nations and the international trends show us well how 'territorialitatsprinzip' has been applied to the international disputes over the intellectual property rights. 

When territorialitatsprinzip is reviewed, the focus of discussion may well be shifted to the governing law; which nation's law should be applied to the disputes over the international transactions? 

Upon considering such principles for determining the governing law as 'lex loci protectionis,' 'lex loci origins' and 'lex fori,' it could be confirmed that 'lex loci protectionis' is being established as a primary principle. 

Governing Law in Von Dutch Case(5)

Study on 'Territorialitatsprinzip' and 'Lex Loci Protectionis' in the International Disputes over the Intellectual Property Rights

Indeed, it is difficult to solve the innumerable international disputes over the intellectual property rights arising simultaneously, while national interests conflict with each other due to different political, economic and cultural policies. 

Thus, unified global standards for the governing law have a long way to go. Nevertheless, efforts should continue to be made to establish an international law and order for effective resolution of the international disputes over the intellectual property rights. 

Of course, Korea or the IT power envied by the world is obliged to be more concerned about the legal infra befitting her status in the international community.