Korean Law in English
Laws › Commercial Act › SECTION 4 Issuance of New Shares

Commercial Act — Article 416 (Determination of Particulars for Issuance)

상법 제416조

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.

In cases where a company issues shares after its incorporation, the following matters, which are not provided for in the articles of incorporation, shall be determined by the board of directors: Provided, That this shall not apply where it is otherwise provided for by this Act, or the articles of incorporation provide that they shall be determined at a general meeting of shareholders: <Amended by Act No. 3724, Apr. 10, 1984; Act No. 10600, Apr. 14, 2011>

1. The classes and number of new shares;

2. The issuance price of new shares and the date set for the payment thereof;2-2. In cases of no par value shares, the amount to be included in the paid-up capital out of the issuance price of new shares;

3. The method of subscribing to new shares;

4. The name of a person who is to make an investment in kind and the class, quantity, and value of such property, and the class and number of shares to be given therefor;

5. Matters related to transferability of the shareholder's preemptive right to new shares;

6. An intent that a certificate for preemptive right to new shares is to be issued only upon request of the shareholder and the period within which such request may be made.

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

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