Laws › Commercial Act › Sub-Section 1 Shares and Share Certificates

Commercial Act — Article 347 (Procedures for Issuance of Convertible Shares)

상법 제347조

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.

In cases falling under Article 346, the following matters shall be stated in share subscription forms or certificates of preemptive rights to new shares: <Amended by Act No. 3724, Apr. 10, 1984; Act No. 10600, Apr. 4, 2011>

1. A statement to the effect that the relevant shares may be converted into shares of another class;

2. Conditions of conversion;

3. Particulars of the shares to be issued as a result of the conversion;

4. The period for requesting the conversion, or the period for conversion.

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

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