The Government of the Republic of Korea, on the one hand, and the Government of the Kingdom of Belgium, acting in his own name and on behalf of the Grand-Duchy of Luxemburg, under the Convention establishing the Belgo-Luxemburg Economic Union, on the other hand,

Desiring to reinforce economic co-operation between the Contracting Parties and to intensify co-operation between private enterprises,
Intending to create favourable conditions for investments by nationals or legal persons of either State in the territory of the other State,

Recognizing the need to protect investments by nationals or legal persons of either State and to stimulate the flow of capital with a view to the economic prosperity of the Contracting Parties,

Have agreed as follows: