Democracy in South Korea Act of 1987

Summary

Democracy in South Korea Act of 1987 - Imposes certain sanctions on South Korea unless the President submits, and the Congress enacts a joint resolution approving, a certification that the Government of South Korea: (1) is taking steps to afford internationally recognized workers' rights and has ended its pattern of violations of internationally recognized human rights; and (2) has made significant progress in establishing a peaceful transition to democracy. Specifies such sanctions as: (1) making South Korea ineligible as a beneficiary developing country for purposes of the generalized system of preferences; (2) prohibiting the Overseas Private Investment Corporation from providing any insurance, reinsurance, guarantees, or financing for projects in South Korea; and (3) requiring the U.S. Executive Director of each relevant multilateral development bank to cast a negative vote on any loan or other financial or technical assistance for South Korea which is not directed to programs which serve basic human needs.

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1 official file

• Introduced in Senate

  summary · EN · 18 June 1987

  Open at official source

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