Yes, the Korean dub will premiere on the channels Champ and Anione (both channels are owned by the same company), every day at 5:30pm.
And I hate to break it to you Sahil167, but some of the main characters for the Korean dub, including Luffy's VA, will reprise their role.
Also from my understanding, the edited version will continue on Tooniverse, staring from where it left off at episode 251. So in other words, their will be two differnt dubs of One Piece, premiering at the same time, with different editing practices. Why they are doing this is extremely bizarre, and not very cost effective.
By the way, I think the title of this thread should be changed to "One Piece returns to select international countries" or something along these lines, will all of this information flooding in.