Expedited procedureScope and applicability of the expedited procedureThe Expedited Procedure under Chapter 6 of the 2026 Rules applies (i) where the amount in dispute does not exceed KRW 500,000,000 for arbitration agreements concluded before 1 January 2026; (ii) where the amount in dispute exceeds KRW 500,000,000 but does not exceed KRW 4,000,000,000 for arbitration agreements concluded on or after 1 January 2026; or (iii) where the parties agree to be subject to it (Article 45.1). The increase of the monetary threshold to KRW 4,000,000,000 represents a significant expansion over the 2016 Rules, which limited the Expedited Procedure to claims not exceeding KRW 500,000,000. The practical impact of this change is that the Expedited Procedure will apply to more disputes.Determination of applicability and institutional mechanismThe 2026 Rules also introduce a structured mechanism for determining whether the Expedited Procedure applies. As an initial matter, the Expedited Procedure does not apply where