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Commercial Act — Article 368 (Methods of Adopting Resolutions and Exercise of Voting Rights)

상법 제368조

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) Unless otherwise provided for by this Act or the articles of incorporation, resolutions shall be adopted at a general meeting of shareholders by affirmative votes of a majority of the voting rights of shareholders present thereat and representing at least a quarter of the total number of issued and outstanding shares. <Amended by Act No. 5053, Dec. 29, 1995>

(2) A shareholder may cause a proxy to exercise his/her voting rights. In such cases, the proxy shall submit a document proving his/her power of representation at a general meeting of shareholders. <Amended by Act No. 12591, May 20, 2014>

(3) No person who has special interests in a resolution by a general meeting of shareholders shall exercise his/her voting rights. <Amended by Act No. 12591, May 20, 2014>

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