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Enforcement Decree of the Commercial Act — Article 7 (Exemption of inspector's duties to investigate and report)

상법 시행령 제7조

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) "Amount prescribed by Presidential Decree" in Article 299(2)1 of the Act means 50 million won.

(2) "Market price calculated by the method prescribed by Presidential Decree" in Article 299(2)2 of the Act means the lower of the following prices:

1. The arithmetic average amount of the average closing price at the exchange for one month retroactive to the date on which the articles of incorporation take effect under Article 292 of the Act (hereafter referred to as "effective date" in this paragraph), the average closing price at the exchange for one week retroactive to the effective date, and the closing price at the exchange on the trading day immediately before the effective date;

2. The closing price at the exchange on the trading day immediately before the effective date.

(3) Paragraph (2) shall not apply where the assets mentioned in subparagraph 2 or 3 of Article 290 of the Act are subject to limitation or encumbrance based on a real right or claim against the use, enjoyment, offering as security, or transfer of ownership.

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