Title Standards for Payment of Arbitration Expenses(Pursuant to Article 42 (1))

 

[Table 2]

 

Standards for Payment of Arbitration Expenses

(Pursuant to Article 42 (1))

Details

Payment Standard

Retainer

(won)

Contingency Fee

Common Expenses

Cases by Amount of Request for Arbitration

1) Less than 5 million won

2)More than 5 million won

3) More than 10 million won

4) More than 30 million won

5) More than 50 million won

6) More than 100 million won

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

250,000

400,000

600,000

1,200,000

2,000,000

3,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1) Where the ratio of success is between 50% and 60%, the multiple of the paid retainer by such ratio

 

2) Where the ratio of success is between 60% and 80%, the amount multiplying the paid retainer by the ratio, 10% more than such ratio

 

 

3) Where the ratio of success is more than 80%, the multiple of the paid retainer by the ratio, 20% more than such ratio

 

4)Half the amount of retainer, in cases of discontinuance of arbitration or mutual consent

 

 

 

 

 

 

 

1) Stamp: Actual expenses

 

2) Delivery Fee: Actual expenses

 

3) Examination/Appraisal

:Actual expenses

 

4) Business trip expenses : Travel expenses according to subparagraph 1 of Attached Table 1 of the Provisions on Travel Expenses of Public Officials

 

5) Other actual expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

¡Ø VAT is not included in the retainer and in the contingency fee.