Korean Law in English
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Commercial Act — Article 89 (Prohibition of Competition)

상법 제89조

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) Without the permission of the principal, a commercial agent shall not make, on his/her own account or for a third party, any transaction in the same type of business as the principal, or serve as general partner or a director of a company whose purpose is to engage in the same kind of business of the principal.

(2) The provisions of Article 17 (2) through (4) shall apply mutatis mutandis if a commercial agent breaches the provisions of the preceding paragraph.

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