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Commercial Act — Article 55 (Claim for Statutory Interest)

상법 제55조

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) When a merchant has loaned money to another person in respect of his/her business, the merchant may claim statutory interest.

(2) If a merchant has made substituted donation for another person within the scope of his/her business, the merchant may request for statutory interest thereon from the date of the substituted donation.[This Article Wholly Amended by Act No. 10281, May 14, 2010]

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