ICSID rejects an annulment bid in South Korea's 264.1bn won investor dispute
An ICSID ad hoc committee rejected Fengzhen Min's application to annul South Korea's 2024 win in an investor-state dispute, the Korean Justice Ministry said Sunday.
The ICSID case record identifies case ARB/20/26, marks the proceeding concluded and records the decision on September 11. The ministry's release says Min's damages demand began at about 2tn won and ended at about 264.1bn won.
The committee also ordered Min to reimburse about 1.51bn won of the government's annulment costs, plus interest. The decision itself is not public. The ministry said it will seek the parties' agreement to release it.

