A bill to impose quotas on certain products of the Republic of Korea, and to deny benefits under the Generalized System of Preferences to such products, until the Republic of Korea opens its markets to United States cigarettes.

Imposes a graduated quota on the importation of the following products from the Republic of Korea: (1) automobiles and parts; (2) telecommunications equipment; (3) integrated circuits; (4) construction equipment; (5) medical equipment; and (6) computers and peripherals. Prohibits completely the importation of such products after 1991. Requires the International Trade Commission to publish such quotas in the Federal Register.

Directs and authorizes the Secretary of the Treasury to take appropriate action to enforce the provisions of this Act, including the issuance of: (1) orders to customs officers to bar entry of such products into the United States; and (2) import licenses.

Prohibits the designation of such products as eligible for the generalized system of preferences under the Trade Act of 1974.

Directs the President to initiate negotiations with the Republic of Korea regarding the opening of Korean markets to U.S. cigarettes. Requires the President to certify to the Congress that the Republic of Korea has opened its markets to U.S. cigarettes.