Regulation Governing Organization, Mediation Procedures and Fees of Arbitration Institution Article 3

In the Act, “arbitration institution” means a juridical association of public-benefit purpose solely or jointly established by any professional or social organization of any level to be responsible for registration, cancellation of registration, training and lecturing of its arbitrators and handling arbitration matters provided that the establishment of which is approved by the competent authority after obtaining consent of the regulatory authority of the respective business and the relevant registration pursuant to laws is completed.An arbitration institution shall not engage in any business irrelevant to arbitration.