Korean Commercial Law governs business activities in South Korea, providing a legal framework for commercial transactions, corporate governance, and trade practices. It encompasses various areas, including contracts, sales, and partnerships, ensuring that businesses operate fairly and transparently. The law is primarily found in the Commercial Act, which outlines the rights and obligations of businesses and their stakeholders. It also addresses issues like bankruptcy and intellectual property, promoting a stable environment for both domestic and international trade. Understanding these regulations is essential for anyone engaging in business within South Korea.