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Commercial Act — Article 630 (Crimes of Corruption in Office by Incorporators, Directors or Other Executive Officers)

상법 제630조

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 a person set forth in Articles 622 and 623, an inspector or a notary public under Article 298 (3), 299-2, 310 (3) or 313 (2) or an appraiser under Article 299-2, 310 (3), or 422 (1) has received, demanded or promised any pecuniary benefit, in response to an unlawful solicitation in connection with his/her duties, 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>

(2) The provisions of paragraph (1) shall also apply to a person who has promised, granted, or manifested an intent to grant any pecuniary benefit mentioned in paragraph (1). <Amended by Act No. 3724, Apr. 10, 1984>

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