The Korean Civil Code governs contract law in Korea. Contract relationships between a commercial party and any non-commercial party are governed by the Korean Commercial Code (KCC) statutory scheme. Whenever the KCC is silent regarding a specific issue, the Korean Civil Code applies.
The Asia-Pacific Economic Cooperation Telecommunications & Information Working Group (APEC TEL WG) provides a guide on Korea Contract Law, available at the website below.
No English language complete translations for the Korean Civil Code and Korean Commercial Code are available.
The World Bank's Doing Business Survey assesses data on contract enforcement. Results for Korea can be found at the link below. |