In principle, it is possible to enforce a foreign court’s judgment against a Korean individual or a Korean company within Korea. In order to enforce a foreign court’s judgment in Korea, a party must obtain a new judgment for recognition of a foreign judgment and enforcement judgment from a Korean court.
Under Article 217, Korean
Civil Procedure Act, it is required to meet the following conditions for
obtaining the recognition of a foreign judgment and its enforcement judgment:
1.
The foreign court’s judgment is
final and conclusive.
2.
The foreign court has
jurisdiction under the principles of international jurisdiction under Korean
law or treaties.
3.
The defendant was properly served
with the complaint or summons in advance, to allow sufficient time for
preparation of his or her defense, or the defendant responded to the suit
without having been served.
4.
The foreign judgment is not
contrary to Korean public policy.
5.
The countries shall allow a
guarantee of reciprocity.
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