□ Overview of the Asia-Pacific Maritime Arbitration Center

ㅇ Asia-Pacific Maritime Arbitration Center : The dedicated maritime arbitration organization of the Korea Commercial Arbitration Board, the only permanent arbitration institution in Korea, established in 1966.
ㅇ Maritime arbitration : Arbitration to resolve disputes between shipping, shipbuilding, fisheries, fisheries and related insurance and other related companies, including maritime transportation, bills of lading, charter contracts, ship collisions, common damage, marine rescue, marine insurance and reinsurance cases, etc.

□ 2024 Visit to strengthen cooperation in maritime finance (marine insurance & reinsurance)
ㅇ Date: Friday, January 12, 2024, 3 p.m. ~ 4 p.m.
ㅇ Venue : Asia-Pacific Maritime Arbitration Center, BIFC 52F
ㅇ Participants : 4 People
ㅇ Content : Introduction of mutual organizations and discovery of 2024 cooperation projects
ㅇ Implementation Strategy and Tasks
- (Asia-Pacific Maritime Arbitration Center)
‧ Launched in 2018 as a springboard for the promotion of the Busan Maritime Court
‧ Budget support from the Busan City Shipping and Port Division
- (Asia-Pacific Maritime Arbitration)
‧ Applied when specified in arbitration clauses in domestic and foreign contracts
‧ Specializing in maritime arbitration as the Busan branch of the Korea Commercial Arbitration Institute
- (Creating a foundation for Asia-Pacific maritime arbitration and laying the foundation for growth)
‧ Need to pursue an expansion strategy to overseas maritime arbitration after establishing a foundation for domestic maritime arbitration
‧ Need to strengthen its position through independent corporation through bilateral agency consultation with Busan City and Ministry of Oceans and Maritime Affairs Guidance and promotion of the use of Asia-Pacific maritime arbitration in shipowner finance (ship leasing) Busan investment contracts