Kobre & Kim

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Korean Commercial Arbitration Board (KCAB) international arbitration: practitioners’ overview of the institution and 2016 Rules, including appointment confirmation, joinder and consolidation, emergency arbitrator and expedited procedures
PRACTICE NOTES
Korean Commercial Arbitration Board (KCAB) international arbitration: practitioners’ overview of the institution and 2016 Rules, including appointment confirmation, joinder and consolidation, emergency arbitrator and expedited procedures
Background Established in 1966, the Korean Commercial Arbitration Board (KCAB) unveiled a distinct set of International Rules in 2007, which were updated in 2011 and then again in 2016. The KCAB’s 2016 International Arbitration Rules (2016 International Rules) entered into force on 1 June 2016, mirroring developments in international arbitration practice at the time. Their issuance marked KCAB’s 50th anniversary and coincided with the first major revision of the Korean Arbitration Act since 1999. Passage of the Arbitration Industry Promotion Act in June 2017 signalled continuing governmental backing to advance Korea as a leading centre for international arbitration, including public funding for arbitral institutions such as the KCAB, alongside support for practitioners, research activity and arbitration infrastructure within Korea. KCAB International was launched in April 2018 as a specialised arm within KCAB to administer cross-border cases under the KCAB
Arbitration
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