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Commercial Act — Article 514 (Procedures for Issuance of Convertible Bonds)

상법 제514조

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) With regard to convertible bonds, the following particulars shall be stated in the bond subscription form, bond certificates, and bond register: <Amended by Act No. 5053, Dec. 29, 1995>

1. A statement to the effect that bonds are convertible into shares;

2. Conversion conditions;

3. Particulars as to shares to be issued upon conversion;

4. The period during which conversion may be demanded;

5. A provision that the transfer of shares should be subject to approval of the board of directors, if any.

(2) Deleted. <by Act No. 3724, Apr. 10, 1984>

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