International Arbitration: Korean Commercial Arbitration Board (KCAB)
Hi-Taek Shin, Sue Hyun Lim
- Arbitrators — Judicial review of arbitral awards — Expedited procedure — Joinder of cases and proceedings — Confidentiality — Evidence — Interim and provisional measures — Costs and expenses
Published under the direction of Hélène Ruiz Fabri, with the support of the Department of International Law and Dispute Resolution, under the auspices of the Max Planck Institute Luxembourg for Procedural Law.
1 The Korean Commercial Arbitration Board (‘KCAB’) was established in 1966 under the auspices of the Ministry of Trade and Economy of the Republic of Korea (Korea). Since its establishment, KCAB remains the only arbitration institution recognized by the Korean government and supported under the Korean Arbitration Act (2016) (‘KAA’). Over the past 50 plus years, KCAB has administered about 7,000 arbitration cases. There were 320 cases filed at KCAB during the calendar year of 2007, surpassing the 300-mark for the first time. In 2018, it recorded 393 cases (KCAB...