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Commercial Act — Article 290 (Particulars of Exceptional Incorporation)

상법 제290조

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.

The following shall take effect upon entry in the articles of incorporation:

1. Any special benefits to be received by incorporators and names of such incorporators;

2. The name of a person who is to make an investment in kind, the type, quantity and value of the subject matter of such investment in kind and the class and number of shares to be given in consideration thereof;

3. The class, number and value of the assets agreed to be transferred to the company after its incorporation and the name of the transferor;

4. The expenses for incorporation to be borne by the company and the amount of remunerations for the incorporators.

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