SOUTH KOREA
China
North Korea
Seoul
South Korea
Law and Practice Contributed by: Yun Jae Baek, Jeonghye Sophie Ahn, Hyunah Park and Seyoung Choe Yulchon LLC
Japan
Contents 1. General p.763 1.1 Prevalence of Arbitration p.763 1.2 Key Industries p.764 1.3 Arbitration Institutions p.764 1.4 National Courts p.765 2. Governing Legislation p.765 2.1 Governing Law p.765 2.2 Changes to National Law p.765 3. The Arbitration Agreement p.765 3.1 Enforceability p.765 3.2 Arbitrability p.766 3.3 National Courts’ Approach p.766 3.4 Validity p.767 4. The Arbitral Tribunal p.767 4.1 Limits on Selection p.767 4.2 Default Procedures p.767 4.3 Court Intervention p.768 4.4 Challenge and Removal of Arbitrators p.768 4.5 Arbitrator Requirements p.768 5. Jurisdiction p.769 5.1 Challenges to Jurisdiction p.769 5.2 Circumstances for Court Intervention p.769 5.3 Timing of Challenge p.769 5.4 Standard of Judicial Review for Jurisdiction/ Admissibility p.769 5.5 Breach of Arbitration Agreement p.769 5.6 Jurisdiction Over Third Parties p.770 6. Preliminary and Interim Relief p.770
8. Evidence p.772 8.1 Collection and Submission of Evidence p.772 8.2 Rules of Evidence p.773 8.3 Powers of Compulsion p.773 9. Confidentiality p.773 9.1 Extent of Confidentiality p.773 10. The Award p.773 10.1 Legal Requirements p.773 10.2 Types of Remedies p.774 10.3 Recovering Interest and Legal Costs p.774 11. Review of an Award p.774 11.1 Grounds for Appeal p.774 11.2 Excluding/Expanding the Scope of Appeal p.775
11.3 Standard of Judicial Review p.775 12. Enforcement of an Award p.775 12.1 New York Convention p.775 12.2 Enforcement Procedure p.775 12.3 Approach of the Courts p.776 13. Miscellaneous p.776 13.1 Class Action or Group Arbitration p.776 13.2 Ethical Codes p.776 13.3 Third-Party Funding p.776 13.4 Consolidation p.777 13.5 Binding of Third Parties p.777
6.1 Types of Relief p.770 6.2 Role of Courts p.770 6.3 Security for Costs p.771 7. Procedure p.771
7.1 Governing Rules p.771 7.2 Procedural Steps p.771 7.3 Powers and Duties of Arbitrators p.772 7.4 Legal Representatives p.772
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