Date of accession | 8 February 1973 |
Date of entry into force | 9 May 1973 |
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Republic of Korea |
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Reservations |
Korea has made a reciprocity reservation and a commercial reservation |
Instrument of accession |
Convention on the Recognition and Enforcement of Foreign Arbitral Award, Treaty No. 471 of 19 February 1973 [Original in Korean] |
National Arbitration Act in force | Arbitration Act, Act No. 16918 of 4 February 2020 [Original in Korean | Translation in English] |
Domestic Court with jurisdiction over recognition and enforcement of foreign award |
There is no specific court with exclusive jurisdiction over recognition and enforcement of foreign arbitral awards in Korea. Article 7(4) of the Arbitration Act of Korea provides that an application for the recognition or enforcement of arbitral awards falls within the jurisdiction of the following courts: - Court designated by the arbitration agreement; |
Author(s) and Contributor(s) |
Woojae Kim, Brandon (Hyungsik) Bang and Hyesung Jeong (Bae, Kim & Lee LLC) |
Useful links |
National Law Information Center: http://www.law.go.kr [Available in Korean and English] |