Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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A Study on the Principle of Good Faith in Korea : Concept and Application

한국에서의 신의성실 원칙에 관한 연구: 개념 및 적용

  • Han, Nak-Huyn (Department of International Trade and Logistics, Kyungnam University) ;
  • Choi, Seok-Beom (Department of International Business, Cheju Halla University) ;
  • Bae, Jung-Han (Department of International Economics and Business, Yeungnam University)
  • 한낙현 (경남대학교 국제무역물류학과) ;
  • 최석범 (제주한라대학교 국제경영학과) ;
  • 배정한 (영남대학교 무역학부)
  • Received : 2019.12.08
  • Accepted : 2019.12.16
  • Published : 2019.12.31
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Abstract

Good faith is difficult to define due to the facts that there is not an objective and concrete concept of good faith, and good faith in contracts for the international sale of goods is a principle that parties to the contract must act with sincerity as members of a social community. The Korean Supreme Court shall pay attention to setting the applicable standards that can be universally applied to good faith based on the self-established criteria. Through such effort, it is possible not only to realize the value of concrete validity pursued by the general clause of good faith but also to realize the value of legal stability by assuring the predictability of results when applying good faith. In the modern sense, it can be said that the arbitrary application of general rules rather than the escape and general clauses is a problematic situation in the application of good faith, but this problem can be solved by setting a reasonable standard of good faith. This paper studies good faith in the view of Korean law, international laws, and related cases in contract law. The purpose of this paper is to find the problems and solutions of the practical application of good faith by analyzing the Korean case (2009Da86000), which undermined the legal stability of good faith in Korea.

Keywords

Acknowledgement

This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2016S1A5A2A03926481)

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