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

Commercial Act — Article 355 (Timing for Issuing Share Certificates)

상법 제355조

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) A company shall issue share certificates without delay after its incorporation or after the date of payment for new shares.

(2) No share certificate may be issued before the incorporation of the company or the subscription date for new shares.

(3) Share certificates issued in contravention of the preceding paragraph shall be null and void: Provided, That this shall not affect any claim for damages against the parties who have issued them.

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