Protocol

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..... gral part of the Agreement. 2. With reference to Article 13 (Capital Gains), it is understood that the term "shares of the capital stock of a company the property of which consists directly or indirectly principally of immovable property" means "shares deriving more than 50 per cent of their value directly or indirectly from immovable property"; 3. With reference to Article 24 (Non-discriminatio .....

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..... undersigned, duly authorized thereto by their respective Governments, have signed this Protocol, which shall have the same force and validity as if it were inserted word by word in the Agreement. DONE in duplicate at Seoul, this 18th day of May, 2015, in the Hindi, Korean and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prev .....

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