JASRAC Japanese Society for Rights of Authors, Composers and Publishers
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December 10, 2007
JASRAC

Japanese Society for Rights of Authors,
Composers and Publishers


JASRAC CONCLUDES RECIPROCAL REPRESENTATION AGREEMENT WITH KOMCA


JASRAC (Japanese Society for Rights of Authors, Composers and Publishers / President: Mamoru Kato) concluded a reciprocal representation agreement with KOMCA (Korea Music Copyright Association / Chairman: Myung Kil Chi) on December 10, 2007 at the Lotte Hotel in Seoul.  The President of JASRAC visited Seoul to conclude this agreement, which will cover music copyrighted works administered by both societies.  The agreement will take effect from January 1, 2008.

The conclusion of a reciprocal representation agreement with KOMCA has a historic meaning for the adequate and appropriate protection of music copyrighted works and the development of music culture exchange between both countries.

1. Outline of agreement

The reciprocal representation agreement will allow either society to administer (license, collect and distribute royalties) usage of the other society’s repertoire in its own country on behalf of the other society.
2. Outline of both societies
Society KOMCA JASRAC
Establishment June 19, 1964 November 18, 1939
Chairman Myung Kil Chi (Author),
Chairman
Toru Funamura (Composer), Chairman
Secretary General/ President Il Soo Kim,
Secretary General
Mamoru Kato, President
Number of members Approximately 7,000 Approximately 14,000
Number of staff Approximately 160 Approximately 500
Amount collected in 2006 Approximately 67,765 million
Korean Won (Approximately 8,200
million Japanese Yen)*
Approximately 111,100 million Japanese Yen

* 100 Korean Won = 12.2 Japanese Yen (as of December 4, 2007)

3. Agreements with foreign societies

By concluding the reciprocal representation agreement with KOMCA, the number of foreign societies which JASRAC has agreements with totals 112 societies in 82 countries and 4 territories.
END