Except as otherwise provided for in this Act, the statute of limitations for a claim arising out of a commercial activity shall expire if it is not exercised for five years: Provided, That if a shorter period of statute of limitations is provided by other statutes, such provision shall apply.
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 64 (Statute of Limitations for Commercial Claims)
상법 제64조
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.
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