(1) In cases where a foreign company has established its business office in the Republic of Korea, the court may order such business office to be closed, upon request of any interested person or prosecutor, due to any of the following grounds: <Amended by Act No. 1212, Dec. 12, 1962>
1. If the objective of establishment of such business office is illegal;
2. If such business office, without good cause, fails to commence business within one year after the registration of establishment thereof, discontinues business for a period of no less than one year, or suspends payment without good cause;
3. If the representative of such foreign company or any other person managing the affairs thereof violates any statute or good morals and other social orders.
(2) The provisions of Article 176 (2) through (4) shall apply mutatis mutandis in cases falling under the preceding paragraph.