Laws › Commercial Act › SECTION 5 Dissolution of Company

Commercial Act — Article 227 (Reasons for Dissolution)

상법 제227조

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 company shall be dissolved for any of the following reasons:

1. Expiration of the time of existence of the company or occurrence of any events specified in the articles of incorporation;

2. Consent of all the members;

3. Where there is only one member left;

4. Merger;

5. Bankruptcy;

6. Order or judgment of a court.

Korean original (law.go.kr) · Get articles as JSON via API

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