Korean Law in English
Laws › Commercial Act › CHAPTER VI FOREIGN COMPANY

Commercial Act — Article 616 (Prohibition of Conducting Continuous Transactions before Registration)

상법 제616조

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) No foreign company shall engage in continuous transactions at the place of its business office before it makes a registration set forth in Article 614.

(2) A person who has engaged in transactions in contravention of the preceding paragraph shall be jointly and severally liable with a company for such transactions.

‹ Article 615All articlesArticle 616-2 ›

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