Korea Adhesion Contract Act

Consumer protection in South Korea is regulated under several acts, including the Consumer Protection Act, and also more specific acts, such as the Adhesion Contract Act, enacted by the law n.3922 of December 31, 1986 (the “ACA”).

The following questions have been addressed in this article:

What are the main obligations of companies offering adhesion contracts?
What are unfair clauses are how are they treated under the ACA?
What are exemption clauses and how are they treated under the ACA?
What other clauses are prohibited under the ACA?
What should a consumer do when confronted with a clause that violates the ACA?

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