Korean Law in English
Laws › Commercial Act › Sub-Section 1 General Meeting of Shareholders

Commercial Act — Article 369 (Voting Rights)

상법 제369조

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) Every shareholder shall have one vote for each share.

(2) No company shall be entitled to vote in respect of treasury shares.

(3) Where a company, its parent company and its subsidiary company together, or its subsidiary company alone holds more than one tenth of the total number of issued shares of another company, such another company shall have no voting rights for shares it holds of the company or the parent company. <Newly Inserted by Act No. 3724, Apr. 10, 1984>

‹ Article 368-4All articlesArticle 370 ›

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

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law