S. Korea denies U.S. demanded wider opening of digital movie market in FTA talks

Posted on : 2006-10-24 15:15 KST Modified on : 2006-10-24 15:15 KST

South Korea denied Tuesday a newspaper report that the United States has requested it to open its market for digital movies in its talks with South Korea to seal a free trade agreement.

"The report is a fictional argument," South Korea's Ministry of Foreign Affairs and Trade said in a statement. "The U.S. didn't demand South Korea open the digital movie market." The Hankyoreh newspaper reported earlier in the day, citing an unnamed senior Korean delegate, that South Korea is considering accepting the reported U.S. demand in order to win a concession from Washington on Seoul's request to lower trade regulations. In January, South Korea cleared a major obstacle to the launch of formal FTA talks with the U.S. by cutting a quota for the screening of South Korean movies at local theaters from 146 days to 73 days a year.
Seogwipo, South Korea, Oct. 24 (Yonhap News)

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