(1) To pledge shares, the share certificates shall be delivered to the pledgee. <Amended by Act No. 12591, May 20, 2014>
(2) No pledgee shall assert his/her pledge against a third party unless he/she continues to hold the share certificates.
Laws › Commercial Act › Sub-Section 1 Shares and Share Certificates
Commercial Act — Article 338 (Pledging of Shares)
상법 제338조
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.
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