Korean Law in English
Laws › Commercial Act › SECTION 7 Accounting of Company

Commercial Act — Article 448 (Retaining and Disclosure of Financial Statements, etc.)

상법 제448조

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) Directors shall retain the documents listed in Articles 447 and 447-2 as well as an audit report at the principal office of the company for five years and shall retain the copies thereof at the branch offices for three years, from one week prior to the date of an ordinary general meeting of shareholders. <Amended by Act No. 3724, Apr. 10, 1984>

(2) Any shareholder or creditor of a company may, at any time during its business hours, inspect the documents listed in paragraph (1) and request the copying of such documents or an extract thereof, with payment of fees determined by the company. <Amended by Act No. 3724, Apr. 10, 1984>

‹ Article 447-4All articlesArticle 449 ›

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

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law