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Commercial Act — Article 76 (Statutory Interest on Credit Balance)

상법 제76조

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) In regard to the balance arising out of the set-off, the creditor may claim statutory interest thereon from the day of closing of the account.

(2) Notwithstanding the provisions of the preceding paragraph, the parties may agree to stipulate interest on each item from the date of inclusion of such item in the account current.

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