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Commercial Act — Article 289 (Preparation of Articles of Incorporation, Matters Absolutely Required to be Entered in Articles of Incorporation)

상법 제289조

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) Incorporators shall prepare the articles of incorporation and enter the following matters in the articles of incorporation, and each of them shall write his/her name and affix his/her seal, or affix his/her signature: <Amended by Act No. 3724, Apr. 10, 1984; Act No. 5053, Dec. 29, 1995; Act No. 6488, Jul. 24, 2001; Act No. 10600, Apr. 14, 2011>

1. Objectives;

2. Trade name;

3. The total number of shares authorized to be issued;

4. Par value per share where par value shares are issued;

5. The total number of shares to be issued at the time of incorporation;

6. The location of a principal office;

7. Method of giving a public notice by the company;

8. The name, resident registration number and address of each incorporator;

9. Deleted. <by Act No. 3724, Apr. 10, 1984>

(2) Deleted. <by Act No. 10600, Apr. 14, 2011>

(3) Public notices of a company shall be made in the Official Gazette or in a daily newspaper carrying current events: Provided, That a company may give a public notice by electronic means as determined by its articles of incorporation. <Amended by Act No. 9746, May 28, 2009>

(4) A company shall continue to give a public notice by the period prescribed by Presidential Decree if such public notice is made by electronic means under paragraph (3), and by the period determined under Article 450 if public notice of financial statements is made by electronic means: Provided, That the company shall make the details thereof available for public inspection even after the expiration of the period of the public notice. <Newly Inserted by Act No. 9746, May 28, 2009>

(5) Where a company gives a public notice by electronic means, it shall prove the period and details of such notice. <Newly Inserted by Act No. 9746, May 28, 2009>

(6) Matters necessary for giving a public notice by a company by electronic means shall be prescribed by Presidential Decree. <Newly Inserted by Act No. 9746, May 28, 2009>

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