11 Other Forms of Arbitration and the Future of Arbitration in Korea

Subject(s):

Consent to jurisdiction through treaties — Treaty provisions — Arbitrators — Treaty claim

This chapter looks at other forms of arbitration and reflects on the future of arbitration in Korea. In addition to commercial arbitration, other forms of arbitration, particularly investment treaty arbitration, are becoming increasingly important for Korean parties, practitioners, and researchers. Recent efforts to establish a dispute-resolution process through a similar framework between North and South Korea are also discussed. The chapter shows the joint contributions of both sides toward the South–North arbitration efforts. Finally, the chapter notes that while in many regards the future of arbitration in Korea looks bright, despite this outlook, there are still challenges yet to overcome.