A contract of gift shall become effective when one of the parties declares his or her intention to transfer property of his own gratuitously to the other party and the other party agrees to accept it.
Civil Act — Article 554 (Meaning of contract of gift)
민법 제554조
For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool:
https://mcp.apify.com?tools=kr-data/korea-law