A company shall accumulate, as its earned surplus reserve, at least 10 percent of the cash dividend in each period for the settlement of accounts until its reserve reaches half of the company's capital: Provided, That this shall not apply in cases of stock dividends.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]
Laws › Commercial Act › SECTION 7 Accounting of Company
Commercial Act — Article 458 (Earned Surplus Reserves)
상법 제458조
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.
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