Region: South Korea
Mediation: South Korean perspectives
Featured in The Asia-Pacific Arbitration Review 2025
10 May 2024
Qatari state entity liable in metro dispute
An ICC tribunal has found a Qatari state-owned company liable in a €560 million arbitration with a Samsung-led joint venture over a terminated contract to build two metro stations in Doha.
19 March 2024
Korean shipbuilder defeats claims over cancelled contracts
A London-seated tribunal has rejected claims worth more than US$180 million brought by a Bermudan drilling company against a Korean shipbuilder over cancelled contracts to deliver ultra-deepwater drillships.
27 September 2023
Korean boutique’s practice head moves to Shin & Kim
Young Suk Park has left his role as head of the international arbitration practice at Korean boutique KL Partners to lead the international disputes team at Shin & Kim in Seoul.
22 September 2023
Iranian funds leave Korea after US prisoner swap
South Korea has confirmed the transfer of billions of dollars of Iranian funds that were frozen four years ago because of US sanctions – and gave rise to the threat of an investment treaty claim by Iran’s Central Bank.
19 September 2023
Iran's central bank prepares treaty claim against Korea
The Central Bank of Iran is preparing to file a treaty claim against South Korea after local banks froze US$7 billion of assets due to sanctions – as a Texas private equity group seeks to revive a multibillion-dollar claim against the east Asian state through ICSID annulment proceedings.
01 August 2023
Dutch court enforces award in US-Korean share transfer dispute
A US blockchain technology company has won leave to enforce a US$27 million ICDR award against a South Korean debtor in the Netherlands after attaching its local assets last year.
25 July 2023
South Korea challenges hedge fund's treaty award
UPDATED: South Korea has applied to set aside an investment treaty award that requires it to pay US$108 million to New York hedge fund Elliott Associates for intervening in an US$8 billion merger, as the award becomes publicly available.
18 July 2023
Korean government lawyer returns to Bae Kim & Lee
Changwan Han has left the Korean ministry of justice to re-join the partnership at Bae Kim & Lee – after working alongside the firm to defeat the bulk of a multibillion-dollar ICSID claim against the state.
28 June 2023
South Korea liable in treaty dispute with hedge fund
An UNCITRAL tribunal has partly upheld a treaty claim by New York hedge fund Elliott Associates against South Korea over the state’s intervention in an US$8 billion merger, while awarding much less than the sum claimed.
20 June 2023