Korean Law in English
Laws › Commercial Act › SECTION 4 Withdrawal of Members

Commercial Act — Article 222 (Refund of Equity Interest)

상법 제222조

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.

A withdrawn member shall be entitled to a refund of his/her equity interest even where the subject matter of his/her investment was personal services or credibility: Provided, That this shall not apply if it is provided otherwise by the articles of incorporation.

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