Neither profit nor remuneration which was expected by an insurer, but lost due to the occurrence of a peril insured against, shall be included in the amount of losses for which the insurer should compensate, unless otherwise agreed by the parties.
Laws › Commercial Act › SECTION 1 Common Provisions
Commercial Act — Article 667 (Non-Inclusion of Lost Profits, etc.)
상법 제667조
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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