Laws › Commercial Act › SECTION 1 Incorporation

Commercial Act — Article 326 (Liability of Incorporators where Company Fails to Come into Existence)

상법 제326조

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) If a company does not come into existence, incorporators shall be jointly and severally liable for all acts conducted in connection with the incorporation of the company.

(2) In cases falling under the preceding paragraph, incorporators shall bear expenses incurred in connection with the incorporation of the company.

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

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