U.S.-Korea Joint Statement on Electronic Commerce (Nov. 1998) (full-text).
- The private sector should lead in the development of electronic commerce and in establishing business practices.
- Both governments should avoid imposing unnecessary regulations or restrictions on electronic commerce. Government actions, when needed, should be transparent, minimal, non-discriminatory, and predictable to the private sector.
- Governments should encourage effective self-regulation through codes of conduct, model contracts, guidelines, and enforcement mechanisms developed by the private sector.