South Korea securities class actions: legal basis, certification, opt-out regime, procedure, discovery, costs, funding and settlements - a practitioner Q&A
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Class actions—South Korea—Q&A guide
This Practice Note provides a jurisdiction-specific Q&A on class actions in South Korea, published within the Lexology Getting the Deal Through series by Law Business Research (law stated at: 15 September 2022). Authors: Hannuri Law Firm—Joo-young Kim; Hyun-ju Ku.
1. Outline the organisation of your court system as it relates to collective or representative actions (class actions). In which courts may class actions be brought?
South Korea operates a three-tier court hierarchy comprising district courts, high courts and the Supreme Court. The 18 district courts primarily exercise original jurisdiction over most civil and criminal matters, subject to limited exceptions. Appeals from decisions issued by three-judge panels in a district court are heard by the six high courts. The Supreme Court sits at the apex and serves as the final court on most legal questions, which includes matters concerning class actions. Although Korea also maintains specialised courts—such as the patent court and the family court—none has dedicated authority over collective or representative claims. Consequently, class actions are filed in the district courts. There is a distinctive aspect of jurisdiction for securities-related class actions involving an ‘opt-out’...
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Web page updated on 21/05/2026
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