Directors, auditors, or liquidators of a juristic person shall be liable for an administrative fine of not more than 5,000,000 won in any of the following cases: <Amended on Dec. 21, 2007>
1. If they have neglected to effect any of the registrations prescribed in this Chapter;
2. If they have contravened the provisions of Article 55, or have made false statements in the inventory of assets or in the list of the members;
3. If they have obstructed inspection and supervision prescribed in Articles 37 and 95;
4. If they have made false statements to, or have concealed facts from, the competent authorities or a general meeting;
5. If they have violated the provisions of Articles 76 and 90;
6. If, in violation of the provisions of Articles 79 and 93, they have neglected to file a petition for bankruptcy;
7. If they have neglected to give any of the public notices prescribed in Articles 88 and 93, or have given a false public notice.