Korean Law in English
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Commercial Act — Article 586 (Resolutions on Capital Increase)

상법 제586조

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.

Even where otherwise provided for in the articles of incorporation, any of the followings may be determined by a resolution on capital increase:

1. The name of a person who is to make an investment, the type, class, quantity, and value of the subject matter of such investment in kind and the number of units of investment to be granted in consideration thereof;

2. The type, quantity, and price of the asset agreed to be transferred to a company after a capital increase, and the name of the transferor;

3. The name of a person to whom a preemptive right to a capital investment is granted and the substance of such right.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]

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