(1) A company may issue bonds for subscription by a resolution of the board of directors.
(2) The following bonds shall be included in the bonds mentioned in paragraph (1):
1. Bonds entitling its holders to dividends;
2. Bonds that can be exchanged or redeemed with stocks or other securities;
3. Bonds the redemption or payment amount of which is determined by the pre-determined methods that are linked to the fluctuation of such things as securities, currencies, or other assets or indexes determined by Presidential Decree;(3) Detailed matters necessary for the issuance of bonds pursuant to paragraph (2), such as the nature and the methods of issuance of such bonds, shall be determined by Presidential Decree.
(4) Notwithstanding the provisions of paragraph (1), as prescribed by the articles of incorporation, the board of directors may determine the amount and type of bonds and entrust the representative director with the issuance of such bonds within a period not exceeding one year.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]