[Herald Economy] The Korean Advisory Committee of the American Arbitration Association (AAA/ICDR) (Chairman Kim Hong-seok, photo) will hold the “2015 Seoul International Arbitration Symposium” jointly with the American Arbitration Association, the Korean Commercial Arbitration Institute, the Korean Arbitration Association, and the Arbitration Association at 3:30 p.m. on the 1st at the Seoul Global Center in Jongno-gu, Seoul.
India Johnson, chairman of the American Arbitration Association (AAA/ICDR), Oh Soo-geun, chairman of the Council of Law Schools, Benjamin Hughes, professor of the Graduate School of Law at Seoul National University, Michael Lee, president of the Center for International Dispute Resolution, and Yoon Jin-ki, chairman of the Korean Arbitration Society, will participate in two sessions, respectively.
Shim Yoon-jo, a lawmaker of the Saenuri Party, Lee Ki-soo, former president of Korea University, and Ji Sung-bae, president of the Korea Commercial Arbitration Board, will deliver congratulatory speeches. The first session will be held under the theme of “In-depth Comparative Analysis of Arbitration between Korea and the United States,” while the second session will be under the theme of “International Arbitration Know-how,” which is gradually expanding across the industry.
Chairman Kim Hong-seok said, “This symposium will be a place to share not only the current status of international arbitration but also the overall experience of the Alternative Dispute Resolution (ADR), which is drawing keen attention as a means of resolving disputes, and the idea of advancing various means of resolving disputes through information exchange.”
The “AAA/ICDR Korea Advisory Committee” is a non-profit organization launched in March last year by the American Arbitration Association to reflect Korean companies’ positions in international arbitration rules, educate companies on international disputes and develop effective dispute resolution measures.
Currently, about 50 experts from all walks of life are participating, including former Minister of Strategy and Finance Park Jae-wan, former Vice Minister of Planning and Budget Ban Jang-sik, SK advisor Park Woo-kyu, former President of South-East Power Jang Do-soo, Professor Chung Yoo-shin of Sogang University’s Graduate School of Management (FinTech Support Center), CEO of SK Securities Kim Shin, Professor Moon Hyung-koo of Korea University’s Department of Business Administration, and Yoon Sun-hee.
The International Arbitration Center of the American Arbitration Association is a non-profit public interest organization established under the Federal Arbitration Act enacted by the U.S. Congress in 1926 as part of its national policy to ease the burden of judicial procedures, such as costs and time associated with litigation, and to introduce a more effective method of resolving disputes that can replace courts.
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