Private Law
Private Law issues in Korea are regulated by the civil code (민법,民法) and the commerce code (상법,商法). The civil code of Korea was enacted in 1960 and is based upon the Japanese civil code which was the used in Korea prior to the enactment.
Read more about this topic: South Korean Law
Famous quotes containing the words private and/or law:
“... it is a commonplace that men like war. For peace, in our society, with the feeling we have then that it is feeble-minded to strive except for one’s own private profit, is a lonely thing and a hazardous business. Over and over men have proved that they prefer the hazards of war with all its suffering. It has its compensations.”
—Ruth Benedict (1887–1948)
“There are no fixtures in nature. The universe is fluid and volatile. Permanence is but a word of degrees. Our globe seen by God is a transparent law, not a mass of facts. The law dissolves the fact and holds it fluid.”
—Ralph Waldo Emerson (1803–1882)