Korean Law in English
Laws › Monopoly Regulation and Fair Trade Act › CHAPTER IV RESTRICTIONS ON CONCENTRATION OF ECONOMIC POWER

Monopoly Regulation and Fair Trade Act — Article 39 (Enforcing compliance with corrective measures)

독점규제 및 공정거래에 관한 법률 제39조

This English translation is based on the Korean text effective 2026-05-12. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) No person that has a cross shareholding or a circular shareholding in violation of Article 21 or 22 shall exercise voting rights in all of such shares from the date the person receives the relevant corrective measure to the date the violation of law is corrected.

(2) No person issued with an order to dispose of shares pursuant to Article 37(1) shall exercise voting rights in such shares from the date the person receives such order.

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