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Commercial Act — Article 367 (Appointment of Inspectors)

상법 제367조

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) At a general meeting of shareholders, an inspector may be appointed to examine documents submitted by the directors and auditors' reports.

(2) A company or shareholder who owns one percent or more of the total number of issued and outstanding shares of the company may request a court, before convocation of a general meeting of shareholders, to appoint an inspector in order to examine the legitimacy of procedures for convening the general meeting or the methods of resolutions thereof.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]

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