A person who has a claim for the return of money as a guarantee for fidelity of an employee or any other claim arising out of the employment relationship between the company and its employees shall be entitled to preferential payment from the company's total assets: Provided, That such entitlement shall not be claimed in preference to a pledge or mortgage. <Amended Act No. 10366, Jun. 10, 2010>
Laws › Commercial Act › SECTION 7 Accounting of Company
Commercial Act — Article 468 (Employees' Rights to Preferential Payment)
상법 제468조
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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