Guarantee and credit insurance are deeply rooted in the nation’s legal system that in order to promote its services, it is quint-essential to establish a strong legal foundation. Below are some key regulations and statutory provisions that form the basis for guarantee & credit insurance.
- Commercial Act
- Insurance Business Act
- Act on Contracts to which the State is a Party
- Management of the National Funds Act and its Enforcement Decree
- Others (Building Act, Framework Act on the Construction Industry, etc.)
For more information, please download or visit www.law.go.kr to view