A company may not create a pledge on treasury shares in excess of a twentieth of the total number of shares issued and outstanding: Provided, That such ceiling shall not apply in cases falling under subparagraphs 1 and 2 of Article 341-2.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]
Laws › Commercial Act › Sub-Section 1 Shares and Share Certificates
Commercial Act — Article 341-3 (Creation of Pledges on Treasury Shares)
상법 제341조의3
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.