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 proceedings continue 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 minor amendment was added in 2020 to article…

SOUTH KOREA Hyunyang Koo and Vaishali Sharma. A. LEGISLATION AND RULES 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. The revised Act has been well-received…