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Commercial Act — Article 391-3 (Minutes of Board of Directors' Meeting)

상법 제391조의3

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) Minutes shall be prepared with regard to the proceedings of a board of directors’ meeting.

(2) The agenda items, summary of the proceedings and the outcomes thereof, and the objectors and grounds for their objection shall be entered in the minutes, and the directors and auditors present at the meeting shall write their names and affix seals, or affix their signatures, thereon. <Amended by Act No. 5053, Dec. 29, 1995; Act No. 6086, Dec. 31, 1999>

(3) Shareholders may, during business hours, request to either inspect the minutes of the board of directors' meeting, or to copy them. <Newly Inserted by Act No. 6086, Dec. 31, 1999>

(4) A company may reject a request made under paragraph (3) with an explanation of grounds therefor. In such cases, shareholders may inspect or copy the minutes of the board of directors’ meeting after obtaining permission from the court. <Newly Inserted by Act No. 6086, Dec. 31, 1999>[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]

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