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Commercial Act — Article 637-2 (Imposition and Collection of Administrative Fines)

상법 제637조의2

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) An administrative fine provided for in Article 635 (excluding paragraph (1) 1) or 636 shall be imposed and collected by the Minister of Justice, as prescribed by Presidential Decree.

(2) A person who is dissatisfied with a disposition taken to impose an administrative fine under paragraph (1) may raise an objection to the Minister of Justice within 60 days after he/she is notified of such disposition.

(3) Where a person who is subject to a disposition of an administrative fine under paragraph (1) raises an objection under paragraph (2), the Minister of Justice shall, without delay, notify a competent court, which shall, in turn, proceed to a trial on the administrative fine under the Non-Contentious Case Procedure Act.

(4) If neither an objection is raised nor is an administrative fine paid within the period prescribed in paragraph (2), the administrative fine shall be collected in the same manner as delinquent national taxes are collected.[This Article Newly Inserted by Act No. 9362, Jan. 30, 2009]

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