Region: South Korea

Nuclear technology spat heads to Korean centre

A dispute between a Korean state utility and its former US partner over rights to nuclear reactor technology is headed to arbitration in Seoul, as the parties compete for lucrative projects in Europe and the Middle East.

18 November 2022

Korean hydro venture brings LCIA claim against Pakistan

Pakistan is reportedly seeking outside counsel to defend it in an LCIA claim by a South Korean joint venture over a hydropower project that has already led to two other arbitrations.

16 November 2022

ICC rejects billion-dollar claim over Korean “smart city”

A Korean construction company has defeated a US$2.5 billion ICC claim by a New York developer that said it was fraudulently ousted from a joint venture to build a sustainable city near Seoul – a dispute that also spawned the threat of an ICSID claim.

01 November 2022

SIAC to hear claim over Seoul skyscraper sale

UPDATED: A South Korean investment firm has launched a SIAC claim after pulling out of a deal to acquire a landmark development in Seoul’s financial district for nearly US$2.8 billion.

26 September 2022

South Korea escapes bulk of Lone Star claim

UPDATED WITH AWARD:  Texas private equity group Lone Star’s US$4.7 billion ICSID case against South Korea has ended after a decade with the state being ordered to pay less than 5% of the amount claimed.

31 August 2022

Japan’s Inpex launches billion-dollar claim against Korean shipbuilder

Japanese oil and gas producer Inpex has filed a US$970 million ICC claim against a Korean shipbuilder over delays and defects in the commissioning of a storage vessel for an offshore project.

08 August 2022

Korean company takes Pakistani state entity to LCIA over hydro project

A South Korean joint venture has filed a US$94 million LCIA claim against a Pakistani state-owned entity over spiralling costs for a 30-year hydropower concession.

04 July 2022

Korea’s LG wins damages in dispute with Sharp

LG Corporation has won a US$95 million SIAC award against Japanese electronics manufacturer Sharp for violating a display technology licensing agreement – although it is far less than the US$850 million the Korean party had asked for.

30 May 2022

ICDR decides fight over US-Korean blockchain deal

A US blockchain technology company has asked a New York court to enforce an ICDR award rendered in a US$300 million dispute with a South Korean counterparty over a failed stock purchase.

24 May 2022

US sanctions authority clears Korea to pay Iranian award

South Korea says the US Office of Foreign Assets Control has authorised it to pay an investment treaty award to an Iranian family despite US sanctions against Iran.

12 January 2022

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