Korean Law in English
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Commercial Act — Article 486 (Defects in Coupons)

상법 제486조

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) If, in cases of redemption of a bearer bond to which a coupon is attached, any defect is found in the coupon, a sum equal to the amount of the coupon shall be deducted from the redemption amount.

(2) Any holder of a coupon mentioned in the preceding paragraph may, at any time, demand payment of the amount deducted in exchange for such coupon.

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