남북상사중재위원회의 발전과제

Problems to be Examined for Development of the Inter-Korean Commercial Arbitration Committee

To realize the spirit of the South-North Joint Declaration of June 15, 2000, the Authorities concerned from the South and the North of Korea reached an agreement titled "Agreement on Settlement Procedures of Commercial Disputes" on December of the same year. As follow-up measures of the said Agreement, the South-North Authorities have signed another agreement called "Agreement on Organization and Administration of the Inter-Korean Commercial Arbitration Committee" on October， 2003. Also, in 2002, North Korea designated the Gaeseong Industrial Complex as a special economic zone, and has enacted related laws and regulations for its development, where tens of thousands of North and South Koreans are now working together. Due to this situation, to establish a foundation for a systematic settlement mechanism is of vital importance, as it would contribute to the orderly growth and encouragement of Inter-Korean trade and investment The purpose of this paper is to organize research on the settlement mechanism of commercial disputes by the Inter-Korean Commercial Arbitration Committee, which is a historic dispute-settlement body, under the Agreements mentioned above. This paper also provides policy suggestions to be considered in prompting the dispute settlement under the Pan Yellow Sea Economic Bloc, including a new model for a joint resolution system among three countries, the South and the North of Korea and China.