COLUMBIA JOURNAL OF ASIAN LAW VOL. 16 FALL 2002 NO. 1 CONTENTS ARTICLES INDEPENDENCE AND CORRUPTION IN KOREA COMPETITION LAW AND PATENT PROTECTION IN JAPAN: A HALF- CENTURY OF PROGRESS, A NEW MILLENNIUM OF CHALLENGES AN UPDATE ON CHINA'S RURAL LAND TENURE REFORMS: ANALYSIS AND RECOMMENDATIONS BASED ON A SEVENTEEN-PROVINCE SURVEY Craig P. Ehrlich Dae Seob Kang H. Stephen Harris, Jr. Brian Schwarzwalder 141 Roy Prosterman Ye Jianping Jeffrey Riedinger Li Ping NOTE VENTURE CAPITAL IN CHINA: DEVELOPING A REGULATORY FRAMEWORK Christopher M Vaughn 227 DEDICATION The Editorial Board of the Columbia Journal of Asian Law would like to dedicate this issue to Professor R. Randle Edwards in recognition of his years of commitment and faithful service to the Journal, as well as his contribution to Chinese legal scholarship. We are honored that Professor Edwards will continue to serve as Director Emeritus of the Columbia Journal ofAsian Law. ACKNOWLEDGMENT The Columbia Journal of Asian Law gratefully acknowledges the generous grant from the Parker School of Foreign and Comparative Law that made the establishment of the Journal possible. EDITOR'S NOTE Published semi-annually under the auspices of the Center for Chinese Legal Studies, the Center for Japanese Legal Studies, and the Center for Korean Legal Studies at the Columbia University School of Law, the Columbia Journal of Asian Law is the successor to the Journal of Chinese Law, which commenced publication in 1987. The Columbia Journal of Asian Law provides a forum for legal practitioners and scholars from Asia, the United States, and elsewhere to discuss the broad range of issues that relate to law in the countries of Asia. The Journal maintains a website, located at http://www.columbia.edu/cu/asiaweb. The Editorial Board is pleased to welcome Professor Benjamin L. Liebman to the Columbia Journal of Asian Law's Board of Directors. We look forward to working with him in the coming years. The Journal welcomes your financial support. Contributions can be sent to the following address: Columbia Journal ofAsian Law Columbia Law School 435 West 116 th St. New York, NY 10027 asianlaw(@law.columbia.edu