Korean Law in English
Laws › Commercial Act › SECTION 6 Liquidation

Commercial Act — Article 258 (Incapacity to Fully Repay Obligations and Requests for Investment)

상법 제258조

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) If the existing assets of a company are insufficient to fully repay its obligations, a liquidator may request the members to make an investment irrespective of the date of repayment of the obligations.

(2) The amount of investment under the preceding paragraph shall be determined in proportion to the ratio of investment by respective members.

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