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Enforcement Decree of the Commercial Act — Article 28 (Reporting of dormant companies)

상법 시행령 제28조

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.

(1) A report filed under Article 520-2(1) of the Act to inform that a company has not closed its business shall be filed in writing.

(2) A written report filed under paragraph (1) shall contain the following information, and the representative of the company or his or her agent shall affix his or her signature and seal:

1. The name of the company; the location of its main office; and the name and address of its representative;

2. The name and address of the agent, if the report filed under paragraph (1) is filed by an agent;

3. A statement that the company has yet to close its business;

4. Descriptions of the competent court;

5. The date of report.

(3) If a report under paragraph (1) is filed by an agent, the written report under paragraph (1) shall be accompanied by a document certifying the power of attorney.

(4) The seal impression of the representative of a company to be affixed on a written report filed under paragraph (1) or (3) shall be identical to the one submitted to the competent registry in accordance with Article 24(1) of the Commercial Registration Act; provided, the foregoing shall not apply where the report is accompanied by written notice sent by the court under Article 520-2(2) of the Act.

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