If this decision were to lead to a trade war between South Korea and the US who are the big beneficiaries and who are the big losers?
Apple from selling in the US the iPhone 4, iPhone 3GS, iPad 3G, and iPad 2 3G distributed by AT&T (
South Korea is one of the United States’ most important strategic and economic partners in Asia., the two countries’ economies are closely entwined and are
joined by the Korea-U.S. Free Trade Agreement (KORUS FTA), the United States’ second-largest
FTA. South Korea is the United States’ seventh-largest trading partner. The United States is South
Korea’s third-largest trading partner.
In 2012, two-way trade between
the two countries totaled around $100 billion (see Table 1), making South Korea the United
States’ seventh-largest trading partner. - http://www.fas.org/sgp/crs/row/R41481.pdf
For some western states and U.S. sectors, the South
Korean market is even more important. South Korea is far more dependent economically on the
United States than the United States is on South Korea. In 2012, the United States was South
Korea’s third-largest trading partner, second-largest export market, and the third-largest source of
imports. It was among South Korea’s largest suppliers of foreign direct investment (FDI).
The Obama administration said it overruled the decision on Saturday partly because it feared essential patents, which holders agree to license on reasonable terms, were being used in ways that could hurt competition and consumers.
was a major victory for Apple and other companies that had argued that disputes over a class of patents known as standards-essential patents should not lead to import bans by the trade commission.
Among other issues, the agencies discussed the possibility that holders of such patents could use them in ways that would unduly increase royalty rates they might receive for licenses.
The FTC in January reached a settlement with Google Inc. after alleging the company...