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Commercial Act — Article 542-2 (Scope of Application)

상법 제542조의2

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) This Section shall apply to stock companies (hereinafter referred to as "listed companies") that have issued certificates of stock listed in a securities market (referring to a market for the purchase and sale of securities) prescribed by Presidential Decree: Provided, That stock companies determined by Presidential Decree as vehicles for collective investment (referring to acquisition, disposition, or management of money or other property having property values collected by soliciting two or more persons to make investment decisions, and distribution and reversion of the outcomes thereof to investors) shall be excluded.

(2) This section shall prevail over other sections of this Chapter.[This Article Newly Inserted by Act No. 9362, Jan. 30, 2009]

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