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Commercial Act — Article 420 (Share Subscription Forms)

상법 제420조

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.

Directors shall prepare a share subscription form containing the following matters: <Amended by Act No. 3724, Apr. 10, 1984; Act No. 10600, Apr. 14, 2011>

1. Matters set forth in Article 289 (1) 2 through 4;

2. Matters set forth in Article 302 (2) 7, 9 and 10;

3. Matters set forth in subparagraphs 1 through 4 of Article 416;

4. Where the company issues shares in accordance with Article 417, the conditions of such issuance and the amount yet to be amortized;

5. Restrictions on the preemptive rights of shareholders or a provision that the preemptive rights are to be given to a particular third party, if applicable;

6. Date of the resolution on the issuance of shares.

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