"Petty merchant" in Article 9 of the Commercial Act (hereinafter referred to as the "Act") shall be defined as a "merchant whose equity capital does not amount to 10 million won and who is not a company.
Laws › Enforcement Decree of the Commercial Act › PART I GENERAL PROVISIONS
Enforcement Decree of the Commercial Act — Article 2 (Scope of petty merchants)
상법 시행령 제2조
This English translation is based on the Korean text effective 2026-07-01. The Korean law has since been amended (current version effective 2026-07-23) — check the Korean original.
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