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Commercial Act — Article 168-4 (Duties of Suppliers)

상법 제168조의4

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.

(1) The supplier of an article under financial lease shall deliver the article to the financial lessee at the time specified in the supply agreement.

(2) If an article under financial lease is not supplied at the time and according to the details specified in the supply agreement, the financial lessee may either directly claim for damages, or request for the delivery of the article under financial lease satisfying the details of the supply agreement to the supplier.

(3) A financial lease business entity shall provide a financial lessee with necessary cooperation in exercising the right under paragraph (2).[This Article Newly Inserted by Act No. 10281, May 14, 2010]

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