SOUTH KOREA Trends and Developments Contributed by: Yun Jae Baek, Jeonghye Sophie Ahn, Jae Hyong Woo and Seyoung Choe, Yulchon LLC
nor may it supplement, analogise, or alter a clearly drafted award by reference to extrinsic materials. Ultimately, an examination of recent cases such as Supreme Court Judgment No 2024Da243172 and Supreme Court Judgment No 2023Ma6248 reveals that the Korean Supreme Court has adopted a clear and consistent pro-arbitration stance. This reinforces Korea’s reputation as an arbitration-friendly jurisdic - tion and enhances its credibility as both a seat and an enforcement venue for international arbitration. This jurisprudential trend reflects the judiciary’s principled commitment to upholding party autonomy and the effectiveness of the arbitral process, thereby aligning Korea’s arbitration framework with international best practices and strengthening its appeal to the global arbitration community – particularly for parties seek - ing neutrality, procedural efficiency, and robust judicial support for the enforcement of awards.
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