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Commercial Act — Article 625 (Crimes of Endangering Company's Assets)

상법 제625조

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.

If any person under Article 622 (1), inspector, notary public under Article 298 (3), 299-2, 310 (3) or 313 (2) (including an attorney in charge of notarial acts of an authorized notary; the same shall apply hereafter in this Chapter) or appraiser under Article 299-2, 310 (3), or 422 (1) has committed any of the following acts, he/she shall be punished by imprisonment with labor for not more than five years or by a fine not exceeding 15 million won: <Amended by Act No. 3724, Apr. 10, 1984; Act No. 5053, Dec. 29, 1995; Act No. 5591, Dec. 28, 1998; Act No. 9416, Feb. 6, 2009; Act No. 10600, Apr. 14, 2011>

1. Where he/she has made a false report to, or concealed facts from, the court, a general meeting or incorporators in respect of the subscription to shares or capital investment, payment therefor, investments in kind, or any matter set forth in Article 290, subparagraph 4 of Article 416, or Article 544;

2. Where he/she has improperly acquired the ownership of shares of or equity interest in the company or of the pledge right with respect thereto, on the account of the company, in whoever's name;

3. Where he/she has paid profits dividends in contravention of a statute, or the articles of incorporation;

4. Where he/she has disposed of the company's assets for speculative transactions, outside the ordinary course of the company's business.

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