The provisions of Article 374 shall apply mutatis mutandis to an agreement whereby a company acquires, within two years from its existence, certain assets that existed prior to its incorporation and are to be continuously used for its business purposes, for a value of no less than five percent of the capital.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]
Laws › Commercial Act › Sub-Section 1 General Meeting of Shareholders
Commercial Act — Article 375 (Post-Formation Acquisition)
상법 제375조
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.
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