In 1990, a Korean law established two distinct retail distribution systems for beef: one system for the
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In 1990, a Korean law established two distinct retail distribution systems for beef: one system for the retail sale of domestic beef and another system for the retail sale of imported beef. A small retailer (not a supermarket or a department store) designated as a “Specialized Imported Beef Store” may sell any beef except domestic beef. Any other small retailer may sell any beef except imported beef. A large retailer (a supermarket or department store) may sell both imported and domestic beef, as long as imported and domestic beef are sold in separate sales areas. A retailer selling imported beef is required to display a sign reading “Specialized Imported Beef Store.” The dual retail system resulted in a reduction of beef imports. By 1998, there were approximately 5,000 imported beef shops as compared with approximately 45,000 shops selling domestic beef. Korea claims that stores may choose to sell either domestic or imported beef and that they have total freedom to switch from one to another. Moreover, Korea argues that the dual system is necessary to protect consumers from deception by allowing them to clearly distinguish the origin of the beef purchased. Is the Korean regulation a valid consumer protection law? Do you think this system is necessary to protect consumers from fraudulent misrepresentation of the country of origin of the beef? Does it matter that scientific methods are available to determine the country of origin of beef? How do you think the dual system might affect the prices of imported beef versus domestic beef? Assuming that countries have the right to protect consumers from deception, what other methods might be available to accomplish this goal? WTO Report on Korea— Measures Affecting Imports of Fresh, Chilled and Frozen Beef, World Trade Organization Report of the Appellate Body, WT/DS161/AB/R, WT/DS169/ AB/R (11 December 2000).
Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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