약속어음제도의 현상과 과제

Abstract

The Bills of Exchange and Promissory Notes Act of Korea had been enacted 57 years ago. During that period, the Acts have hardly changed in contexts. But promissory notes system has been contributed to the development of the national economy and enterprise management. Also the institution exposed the side effects as a matter of operation, because of the distortion of economic structure in Korea. The important problems are the following issues, namely medium and small enterprises which sold products or services to big enterprises and received promissory notes from them became bankrupt following the bankruptcies of the big enterprises. As the result, the Revised Bills on the Bills and Promissory Notes Act in 1998, tried the abolition of the promissory notes system. Also in 2017, Mr. president in Korea promised the abolition of the promissory notes system. I think, the side effects as this is not the problem being derived from the promissory notes system in itself, but that of the economic structure in Korea. Therefore, I claim the institution of the promissory notes system in Korea will have the large contribution to the economic society, and promissory notes system will have the economic importance continually. In conclusion, this paper searches as following points for the lifting of the its existence value. Firstly, investigates the status quo of the promissory notes system in Korea. Secondly, analyzes the legal problems of some settlement methods in Lieu of promissory notes system, namely Loan System to Buyers, Loan System to Sellers, Enterprises’ Credit Card System. Thirdly, presents the new methods to improve the side effects.