Unpaid by a Korean Counterparty? Here’s How to Actually Get Paid.
A foreign judgment or arbitral award means little until it’s recognized and enforced in Korea. We take it from paper to recovered assets.
Why it matters
Korea enforces foreign arbitral awards under the New York Convention — but a foreign court judgment requires separate recognition proceedings, and only if reciprocity with your jurisdiction is established.
Locating and freezing a debtor’s Korean assets before they’re moved is often more decisive than winning the underlying case.
Many creditors give up after judgment, assuming enforcement abroad is impossible — in practice, Korean enforcement mechanisms (asset disclosure orders, garnishment) are well-established once you use them.
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