Korean Law in English
Laws › Commercial Act › SECTION 6 Reduction of Capital

Commercial Act — Article 442 (Issuance of New Share Certificates)

상법 제442조

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) If, in cases of a consolidation of shares, no person can submit his/her old share certificates, the company may, upon a request by such person, determine a period of no less than three months and give a public notice to the effect that any interested person shall raise an objection, if any, on such certificates within such period and may deliver new share certificates to such person after the lapse of such period.

(2) Expenses incurred in giving a public notice mentioned in the preceding paragraph shall be borne by the requester.

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