Korean Law in English
Laws › Commercial Act › SECTION 3 Management of Company

Commercial Act — Article 582 (Inspection of Business Affairs and Status of Assets)

상법 제582조

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 any dishonest act or material fact in contravention of any statute, or the articles of incorporation has occurred in connection with the management of a company, any member who holds units of investment representing no less than three percent of the total amount of capital may request the court to appoint an inspector to investigate the affairs of the company and the status of its assets. <Amended by Act No. 6086, Dec. 31, 1999; Act No. 10600, Apr. 14, 2011>

(2) An inspector shall report in writing on the outcomes of an investigation to the court.

(3) If the court deems it necessary after examining the report mentioned in the preceding paragraph, the court may order an auditor, or directors in the absence of the auditor, to convene a general meeting of members. In such cases, the provisions of Article 310 (2) shall apply mutatis mutandis. <Amended by Act No. 1212, Dec. 12, 1962>

‹ Article 581All articlesArticle 583 ›

Korean original (law.go.kr) · Get articles as JSON via API

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law