2001/05/11 (10:13) from 203.233.197.240' of 203.233.197.240'	Article Number : 63
KITA ([email protected])	Access : 43 , Lines : 41

Korea Int'l Trade Assn. invites you to a seminar

Korea International Trade Association (KITA) is pleased to Invite you to attend A Special Seminar on the TREAD ACT and Product Liability in the USA and Korea 2 p.m. Tuesday, May 22. (for two and a half hours), at the Grand Seminar Room, 49th Floor, Korea World Trade Center, Samsung-dong, Kangnam-gu, Seoul. (Simultaneous Interpretation Provided) Daniel P. Malone, a shareholder in the Detroit-based law firm of Butzel Long will discuss "The TREAD ACT of 2000 and the Product Liability in the United States; and Hong-ki Jin, an attorney in the law firm of Hwang Mok Park & Jin (Choong-Jung) will discuss ��The Korean Product Liability Law of 2000.�� Following the recent Firestone tire recall case, on November 1, 2000, Clinton signed into law the Transportation Recall Enhancement Accountability and Documentation (TREAD) Act.  Notwithstanding the acronym, however, the Act applies to all facets of the automobile, automobile equipment, and other manufacturing industries (i.e., AmCham Korea members and OEM component manufacturers alike).  As for motor vehicles and equipment in foreign countries that are identical or substantially similar to those offered for sale in the United States, manufacturers must notify within 5 days of a decision, or a foreign government order, to conduct a safety recall or other campaign in a foreign country. There are several other areas addressed in the TREAD Act including prescribed legislative follow-up by certain dates, civil and criminal penalties and other details to be developed by NHTSA. The Korean Product Liability Law was also enacted at the end of 2000, and is going to be enforced as of July 2002. Affecting all the manufacturing industries and importers as well, this law is expected to change nearly every aspect of doing business in Korea. At this point, it is important to understand the difference between the US and Korean PL, if any, and to dispel any possible groundless worries that this enactment might be nothing but additional trade regulations and burdens. At Butzel Long, one of Michigan's leading law firms since 1854, Daniel P. Malone has represented automotive supplier companies in all aspects of PL over 20n years, and Hong-ki Jin is a pioneer expert of Korean PL at Hwang Mok Park & Jin. Anyone interested is welcomed to the session. Kindly RSVP to Jinsung Park at 02-6000-5195 or [email protected]. by Friday, May 18. (The sooner, the better) Special thanks to our co-sponsors: Michigan State Office. Jinsung Park Deputy Team Leader