Korea, South Flag

Korea, South

Please see below for a summary of payment terms in South Korea and the various industries across which payment term legislation appears. You can also download a summary of all South Korean payment terms by clicking the button below.
Industries Laws Codes Notes


The Ministry of Strategy and Finance General Conditions of a Construction Contract with state entities requires construction subcontractors to submit invoices every 30 days with payment within 5 days of compliance sign-off.

  • Construction
Go to link

Ready to liberate your cash?

Discover the source of value in your supply chain

Contact our sales team