A consolidation of shares shall take effect upon the expiration of the period mentioned in the preceding Article: Provided, That if the procedures set forth in Article 232 have yet to be completed, it shall take effect upon the completion of such procedures.
Laws › Commercial Act › SECTION 6 Reduction of Capital
Commercial Act — Article 441 (Idem-Procedures for Consolidation of Shares)
상법 제441조
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.