CHAPTER VII

EXPEDITED PROCEDURE

Article 56. Scope of Application

The Expedited Procedure shall be applied to an arbitration case where both parties have agreed to follow the procedures provided in this Chapter in a separate agreement or to a Domestic Arbitration case of which the claim amount is less than 20,000,000 won in the Korean currency. In case of Domestic Arbitration of which the claim amount is less than 20,000,000 won, the increase of the claim amount after the Basic Date shall not be considered.

Article 57. Appointment of Arbitrator