So you are suing a defendant in a Korean Court or you won a judgment in a Korea court? How much interest shall you earn on this judgment? Korea awards different interest rates based in if the judgment is rendered or the judgment is not rendered. Additionally, it is, usually, advisable to include Penalty Damages Clauses to most type of Korean Contractual Agreements. Pre-Judgment Interest in Korea Pre-Judgment interest accrues from the date the payment is due. Unless otherwiseContinue reading
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