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A. LEGISLATION AND RULES A.1 Legislation International arbitration in South Korea is governed by the Arbitration Act,[1] which governs both domestic arbitration and international arbitration. The Arbitration Act was adopted in 1966, but was substantially revised in 1999 to incorporate most of the provisions of the UNCITRAL Model Law. In 2016, the Act was revised again, this time to incorporate the 2006 amendments to the UNCITRAL Model Law. The Act was most recently amended in…

SOUTH KOREA Bami Yoo and Vaishali Sharma A. LEGISLATION AND RULES A.1       Legislation South Korea has adopted a pro-arbitration legal framework that governs both domestic and international proceedings. International arbitration continues to be governed by the Korean Arbitration Act, which is based on the UNCITRAL Model Law. In 2016, the Korean legislature enacted long-awaited amendments to the Korean Arbitration Act and adopted many of the 2006 Amendments to the UNCITRAL Model Law. A further small…