(1) If any of trading partners infringes on Korea's trade interests by performing any of the following acts in relation to goods, etc. exported by Korea, customs duties may be assessed on goods imported from such trading partners within the limit of an amount equivalent to the amount of damage caused thereby (hereinafter referred to as "retaliatory duties"):
1. Cases of denying or limiting Korea's rights and interests prescribed in the General Agreement on Tariffs and Trade, bilateral treaties, etc.;
2. Cases of taking unfair and discriminatory measures against Korea.
(2) Matters necessary for countries against which retaliatory duties are assessed, goods, volume, tariff rates and application deadline and other matters shall be prescribed by Presidential Decree.[This Article Wholly Amended on Dec. 30, 2010]