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KOTRA, Ministry of Justice join forces to prevent international investment disputes
Posted : 2021-04-30 15:29
Updated : 2021-04-30 17:12
KOTRA s Foreign Investment Ombudsman Kim Sung-jin, right, poses with Justice Minister Park Beom-kye after signing a memorandum of understanding to cooperate on preventing investor-state disputes at the former s headquarters in southern Seoul, Friday. Courtesy of KOTRA
By Baek Byung-yeul
Korea Trade-Investment Promotion Agency (KOTRA) has forged a partnership with the Ministry of Justice to deal with potential investor-state disputes, the state-run trade promotion agency said Friday.
A legal process called Investor-State Dispute Settlement (ISDS) lets investors sue countries for discriminatory practices. Currently, Korea has had eight ISDS cases and three of them were settled, while the remaining cases are ongoing. ....

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