Korean Law in English
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Commercial Act — Article 104 (Duty to Notify Sale or Purchase and to Submit Statement of Account)

상법 제104조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

If a commission agent has effected a sale or purchase consigned to him/her, he/she shall send notice of a summary of the contract and of domicile and the full name of the other party, and he/she shall submit the statement of account thereof to his/her principal without delay.

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