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Commercial Act — Article 462-4 (Dividends in Kind)

상법 제462조의4

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) A company may determine in its articles of incorporation that it may pay dividends with assets other than money.

(2) A company that has determined payment of dividends pursuant to paragraph (1) may further determine the following:

1. Where the company determines that a shareholder may claim payment of money in lieu of a dividend in kind, such amount of money and the period set for such claim;

2. Where the company determines that it will pay money to the shareholders who have less than a certain number of stocks, in lieu of a dividend in kind, such number of stocks and the amount of money.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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