Laws › Commercial Act › SECTION 5 Accounting, etc.

Commercial Act — Article 287-36 (Reduction of Capital Amount)

상법 제287조의36

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) A limited liability company may reduce its capital by amendment of its articles of incorporation.

(2) The provisions of Article 232 shall apply mutatis mutandis in cases falling under paragraph (1): Provided, That this shall not apply in cases where the capital amount after the reduction exceeds the amount of net asset value.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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

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