Korean Law in English
Laws › Commercial Act › SECTION 2 Internal Relationship of Company

Commercial Act — Article 200 (Rights and Obligations of Business Management)

상법 제200조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) Unless otherwise provided for in the articles of incorporation, each member has the rights and obligations to manage the affairs of the company.

(2) If other members raise an objection in respect to the management of affairs by any member, the said member shall immediately suspend such act and follow a decision of a majority of all the members.

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