Abstract:

Korea and Turkey has been in blood allies relationships since Turkish government decided to send troops to South Korea for Korean War (6.25 war) on 25.07.1950. Korea and Turkey had agreed FTA on March 26th 2012. Korean Arbitration Act had promulgated and the Korean Commercial Arbitration Committee was firstly inaugurated as an exclusive administrative institution for the arbitrations of commercial disputes in the Chamber of Commerce of Korea in 1966. The Arbitration Rules of KCAB were brought into effect on Jan 15, 2005. KCAB has international and domestic rules. Korea acceded to New York Convention in 1973. 4. In general, Korean courts supports arbitration procedures, however it is important for this study to examine landmark court decisions related to the validity of arbitration aproach rendered by South Korean Courts between 2003-2004.

Keywords: