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News & Insights
Enforcing Foreign Judgments and Arbitral Awards in Korea
You have won. The award or judgment is in hand, the assets are in Korea, and the question is how quickly you can convert paper into money. The answer depends almost entirely on a decision someone made years earlier, when the contract was drafted: arbitration or court. Arbitral awards: the fast track Korea has been a party to the New York Convention since 1973, subject to the reciprocity and commercial reservations. Korean courts are reliably pro-enforcement, and the grounds f


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