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Commercial Act — Article 287-4 (Investment upon Incorporation)

상법 제287조의4

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) No member shall use, as the subject matter for their investments, personal services or credibility.

(2) Members shall complete execution of their capital or other property investments no later than the time of registration for incorporation after drawing up the articles of incorporation.

(3) A member who is to make an investment in kind shall deliver to the limited liability company the property which is the subject matter of the investment without delay by the due date and, if registration, records, or a creation or transfer of rights is required, he/she shall prepare and deliver all the documents therefor.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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