Korea International Trade Arbitration Committee

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[edit] General Information

  • Official name: Korea International Trade Arbitration Committee
  • Country: Korea
  • City: Seoul
  • Type of organization: Independent organization
  • Date of creation: 1955
  • Interests: Arbitration
  • Fields of expertise: International Trade and Investment Disputes

[edit] Description

The Korea International Trade Arbitration Committee (KITAC) was established in 1955 as a standing organization devoted to the settlement of disputes arising in international trade and investment.

The main purpose of the committee is to protect property rights and interests of entrepreneurs and investors in the management and operation of their enterprises by effecting a fair and prompt settlement of disputes related to trade and investment.

Along with the rapid progress of foreign trade, the KITAC has so far promoted exchange and cooperation with international and national arbitration organizations the world over and protected the legal rights and interests of the parties to disputes in tens of cases every year on the sound legal ground like arbitration-related laws and regulations for the smooth settlement of disputes. Recently the committee is providing a scientific, fair, objective and prompt settlement of disputes, expanding its business scope in active cooperation with national arbitration committees in the Northeast Asia and the rest of the world.

In close connection with arbitration and law firms in foreign countries, the committee staffed with a number of lawyers and experts in trade economics and finance is rendering legal services for juridical matters arising in formal procedures of international trade arbitration, concerned laws and regulations, and proxy litigation of trade disputes occurred in the third country to domestic organs, enterprises and institutions as well as foreign investors and entrepreneurs.

Domestic and foreign entrepreneurs and investors can get the best and most satisfactory service provided by the KITAC for the elimination of mounting risks in trade and investment, and enormous success in their business.

[edit] Contact

Jungsong-dong, Central District Pyongyang – Korea

Tel: (850) 2 381 59 26

Fax: (850) 2 381 58 27

Email: kitac@co.chesin.com

Official Website

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