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The main purpose of this research is to empirically examine the effects of foreign intellectual property rights(IPRs) protection on the FDI volume of Korea. In the empirical analysis, I have applied the gravity model to the FDI data of Korea from 2001 to 2003, divided by host countries and industries.As the results, I have found that foreign IPRs protection has negative effects on Korea FDI volume, which means that the high level of foreign IPRs protection should not result in increasing Korea FDI volume on average. The effects of IPRs, however, differ with trading partners and industries. Specially, there are the negative effects of IPRs in the FDI of manufacturing industries to developing countries. From these results, I have concluded that the effects of foreign IPRs protection differ with the characteristics of host countries and industries and these differences must be considered in policy related with foreign IPRs.