If a director commits an act in contravention of any statute or the articles of incorporation, and such act is likely to cause irreparable damage to the company, the auditor or a shareholder who holds no less than one percent of the total number of issued and outstanding shares may demand on behalf of the company that the relevant director stop such act. <Amended by Act No. 3724, Apr. 10, 1984; Act No. 5591, Dec. 28, 1998>
Laws › Commercial Act › Sub-Section 2 Directors and Board of Directors
Commercial Act — Article 402 (Rights to Injunction)
상법 제402조
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.
For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: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