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Commercial Act — Article 313 (Inspection and Reporting by Directors and Auditors)

상법 제313조

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) Directors and auditors shall, without delay after taking office, inspect whether all matters concerning the incorporation of the company were done in compliance with statutes and the article of incorporation, and shall report the outcomes thereof to the inaugural general meeting. <Amended by Act No.1212, Dec. 12, 1962; Act No. 5053, Dec. 29, 1995>

(2) The provisions of Article 298 (2) and (3) shall apply mutatis mutandis to the inspection and reporting under paragraph (1). <Amended by Act No. 5053, Dec. 29, 1995>

(3) Deleted. <by Act No. 5053, Dec. 29, 1995>

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