The Authors |
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3 | (14) |
List of Abbreviations |
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17 | (2) |
General Introduction |
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19 | (14) |
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1 The General Background Of Korea |
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19 | (4) |
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19 | (1) |
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19 | (1) |
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20 | (1) |
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20 | (1) |
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B The President and the Executive Branch |
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20 | (1) |
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20 | (1) |
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D The National Assembly and Political Parties |
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20 | (1) |
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21 | (1) |
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IV Population and Employment Statistics |
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21 | (1) |
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V Corporation and Partnership Statistics |
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22 | (1) |
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2 Basic Information On The Legal System |
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23 | (1) |
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23 | (1) |
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24 | (1) |
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3 Definitions, Notions, Structure Of Corporations And Partnerships |
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24 | (3) |
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I Different Types of Corporations and Partnerships |
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24 | (1) |
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24 | (1) |
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25 | (1) |
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25 | (1) |
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V Five Types of Companies |
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25 | (2) |
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A General Partnership Company |
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25 | (1) |
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B Limited Partnership Company |
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26 | (1) |
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26 | (1) |
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26 | (1) |
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E Limited Liability Company |
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26 | (1) |
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4 Historical Background Of Corporations And Partnerships |
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27 | (2) |
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I Prior to the Enactment of the KCC |
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27 | (1) |
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27 | (1) |
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III Revisions to the KCC before 1998 |
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27 | (1) |
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IV Revisions to the KCC between 1998 and 2009 |
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28 | (1) |
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V Revisions to the KCC in 2010s |
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28 | (1) |
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5 Sources And Hierarchy Of The Law On Companies And Partnerships |
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29 | (1) |
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29 | (1) |
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29 | (1) |
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III Act on External Audit |
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29 | (1) |
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30 | (1) |
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30 | (1) |
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I Proper Law for Foreign Companies and Partnerships |
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30 | (1) |
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II Law Applicable to Contracts |
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30 | (1) |
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III Laws Applicable to Chattels, Land and Registrable Property |
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31 | (1) |
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7 The Labour Law Connection |
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31 | (2) |
Part I. Corporations |
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33 | (104) |
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Chapter 1 Stock Corporations |
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33 | (99) |
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33 | (8) |
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33 | (1) |
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II Actors at the Incorporation Stage |
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33 | (1) |
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33 | (1) |
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34 | (1) |
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C Corporation in the Making |
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34 | (1) |
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III Drafting of the Articles of Incorporation |
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34 | (2) |
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34 | (1) |
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B Items Included in the Articles of Incorporation |
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35 | (1) |
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35 | (1) |
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35 | (1) |
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35 | (1) |
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C Legal Nature and Effect of the Articles of Incorporation |
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36 | (1) |
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IV Forming the Substance of the Firm |
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36 | (3) |
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A Two Ways of Incorporating |
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36 | (1) |
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B Matters Concerning Issuance of Shares |
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37 | (1) |
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C Method (1): Incorporation by Promoters |
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37 | (1) |
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37 | (1) |
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2 Appointment of Directors and Statutory Auditors |
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37 | (1) |
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3 Examination by Directors and Statutory Auditors |
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37 | (1) |
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4 Examination by a Court-Appointed Inspector |
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38 | (1) |
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D Method (2) Incorporation: Incorporation with Outside Subscribers |
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38 | (1) |
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1 Subscription by Outside Investors as well as Promoters |
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38 | (1) |
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2 Process of Share-Subscription |
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38 | (1) |
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39 | (1) |
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39 | (1) |
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V Registration of Incorporation |
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39 | (1) |
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VI Liability of Promoters |
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40 | (1) |
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A Regarding Completed Incorporation |
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40 | (1) |
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1 Liability for Unsubscribed or Unpaid Shares |
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40 | (1) |
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2 Liability for Damages to the Corporation |
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40 | (1) |
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3 Liability to Third Parties |
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40 | (1) |
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B Regarding Incomplete Incorporation |
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40 | (1) |
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VII Liability of Directors and Statutory Auditors |
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41 | (1) |
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41 | (1) |
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I Corporate Personality and the Ultra Vires Doctrine |
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41 | (1) |
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II Lifting the Corporate Veil |
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41 | (1) |
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3 Organizational Structure Of Corporations |
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42 | (18) |
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42 | (1) |
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II General Meeting of Shareholders |
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42 | (10) |
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42 | (1) |
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43 | (1) |
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1 Matters Set Out in the KCC |
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43 | (1) |
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2 Powers Set Out in the Articles of Incorporation |
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43 | (1) |
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3 Delegation by the General Meeting |
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44 | (1) |
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C Convening of the General Meeting |
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44 | (1) |
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44 | (1) |
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2 Ordinary and Extraordinary General Meeting |
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45 | (1) |
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3 Notice of the General Meeting |
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45 | (1) |
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D Operation of the General Meeting |
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46 | (1) |
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1 Chair of the General Meeting |
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46 | (1) |
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2 Shareholder's Proposals |
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46 | (1) |
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46 | (1) |
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48 | (1) |
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49 | (1) |
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49 | (1) |
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F Lawsuits on Defective Resolutions |
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50 | (1) |
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50 | (1) |
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51 | (1) |
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51 | (1) |
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51 | (1) |
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III The Board of Directors |
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52 | (2) |
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A Powers and Status of the Board |
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52 | (1) |
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B Relationship with the General Meeting |
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52 | (1) |
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C Relationship with Representative Directors |
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52 | (1) |
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D Process of the Board Meeting |
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53 | (1) |
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53 | (1) |
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53 | (1) |
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3 Minutes of the Board Meeting |
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54 | (1) |
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4 Challenging Defective Resolutions |
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54 | (1) |
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IV Representative Directors |
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54 | (5) |
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54 | (1) |
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B Appointment and Removal of Representative Directors |
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55 | (1) |
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55 | (1) |
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55 | (1) |
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3 Vacancies of Representative Director |
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56 | (1) |
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C Power of Representation |
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56 | (1) |
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D Joint Representative Directors |
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56 | (1) |
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1 Reasons for Joint Representation |
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56 | (1) |
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2 Registration of Joint Representation |
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57 | (1) |
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3 Power of Joint Representative Directors |
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57 | (1) |
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E Apparent Representative Director |
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57 | (1) |
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57 | (1) |
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2 Use of Title Implying Apparent Authority |
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57 | (1) |
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3 Authorization of Such Title |
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58 | (1) |
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4 Innocence of the Counterparty |
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58 | (1) |
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5 Apparent Authority of Joint Representative Director |
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58 | (1) |
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6 Apparent Authority of Non-director |
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58 | (1) |
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F Tortious Acts of Representative Directors |
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59 | (1) |
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59 | (1) |
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59 | (1) |
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B Adoption of Statutory Officer Scheme |
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59 | (1) |
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C Appointment and Dismissal of Statutory Officers |
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59 | (1) |
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D Allocation of Powers between the Board and Statutory Officers |
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60 | (1) |
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E Statutory Officer's Duty and Liability |
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60 | (1) |
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4 Directors And Statutory Auditors |
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60 | (18) |
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60 | (4) |
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60 | (1) |
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60 | (1) |
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60 | (1) |
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61 | (1) |
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4 Qualification of Directors |
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61 | (1) |
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61 | (1) |
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61 | (1) |
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B Appointment and Removal of Directors |
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62 | (1) |
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62 | (1) |
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62 | (1) |
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3 Vacancy of Director's Office |
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63 | (1) |
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C Compensation of Directors |
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63 | (1) |
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64 | (4) |
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A Directors' Fiduciary' Duty |
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64 | (1) |
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65 | (1) |
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65 | (1) |
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D Prohibition of Competition with the Corporation |
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65 | (1) |
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E Prohibition on Self-Dealing Transactions |
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66 | (1) |
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1 Scope of the Prohibited Transactions |
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66 | (1) |
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2 Approval of the Board of Directors |
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66 | (1) |
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67 | (1) |
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4 Effect of the Transaction Entered into without the Board Approval |
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67 | (1) |
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F Prohibition of Misappropriation of Corporate Opportunities |
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67 | (1) |
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1 Scope of the Prohibited Acts |
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67 | (1) |
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2 Approval of the Board of Directors |
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68 | (1) |
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68 | (1) |
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III Liabilities of Directors |
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68 | (3) |
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A Liability to the Company |
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68 | (1) |
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68 | (1) |
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2 De Facto Directors' Liability |
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69 | (1) |
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3 Exemption or Reduction of Liability |
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70 | (1) |
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B Liability to Third Parties |
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70 | (1) |
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70 | (1) |
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2 Scope of Third Party's Damage |
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71 | (1) |
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IV Statutory Auditors and Audit Committee |
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71 | (5) |
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71 | (1) |
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72 | (1) |
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72 | (1) |
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72 | (1) |
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72 | (1) |
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74 | (1) |
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5 Securing the Independence of Statutory Auditors |
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74 | (1) |
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75 | (1) |
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75 | (1) |
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2 Composition of the Committee |
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75 | (1) |
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3 Powers, Duties and Liabilities |
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76 | (1) |
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76 | (2) |
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76 | (1) |
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77 | (1) |
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77 | (1) |
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5 Shareholders And Management Control |
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78 | (4) |
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78 | (1) |
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II Right of Access to Corporate Information |
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78 | (1) |
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A Inspection of Accounting Books and Records |
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78 | (1) |
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B Inspection of Other Corporate Documents |
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78 | (1) |
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III Applying for Appointment of Inspectors |
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79 | (1) |
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IV Minority Shareholders' Remedies to Restrain Management |
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79 | (3) |
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79 | (1) |
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79 | (1) |
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79 | (1) |
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80 | (1) |
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81 | (1) |
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82 | (9) |
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82 | (1) |
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82 | (1) |
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82 | (1) |
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83 | (1) |
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83 | (1) |
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B Preferred/Common/Subordinated Shares |
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83 | (1) |
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C Shares with Restrictions on Voting |
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83 | (1) |
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84 | (1) |
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84 | (1) |
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III Share Certificate and Register of Members |
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84 | (3) |
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84 | (1) |
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84 | (1) |
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2 Issuance of Share Certificates |
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85 | (1) |
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3 Shares Held without Certificate |
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85 | (1) |
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B Register of Shareholders |
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85 | (1) |
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85 | (1) |
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2 Maintenance and Inspection of the Register |
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86 | (1) |
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3 Evidential Effect of Register |
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86 | (1) |
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4 Closure of Register and Record Date |
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86 | (1) |
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87 | (2) |
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A Transfer and Disclosure |
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87 | (1) |
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1 Delivery of Share Certificate |
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87 | (1) |
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2 Transfer of Shares of Listed Companies under Book-Entry System |
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87 | (1) |
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3 Disclosure of Share Ownership |
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87 | (1) |
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B Restriction on Transferability Imposed by the Articles of Incorporation |
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88 | (1) |
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88 | (1) |
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2 Right to Sell to the Company |
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88 | (1) |
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3 Request for Determination of a New Purchaser |
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89 | (1) |
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C Restriction on Transferability by Shareholder Agreements |
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89 | (1) |
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V Statutory Restriction on Share Acquisition |
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89 | (2) |
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89 | (1) |
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1 Repurchases from Distributable Profits |
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90 | (1) |
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2 Repurchases Not from Distributable Profits |
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90 | (1) |
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90 | (1) |
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B Subsidiary's Acquisition of Parent's Shares |
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91 | (1) |
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VI Share Split and Reverse Split |
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91 | (1) |
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91 | (9) |
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91 | (1) |
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II Issuance of New Shares |
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92 | (3) |
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92 | (1) |
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B Shareholder's Preemptive Right |
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92 | (1) |
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1 Preemptive Right in General |
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92 | (1) |
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2 Remedies for Existing Shareholders |
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93 | (1) |
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3 Issuance of Unsubscribed Shares |
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93 | (1) |
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93 | (1) |
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1 Decision by the Board of Directors and Notification |
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93 | (1) |
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94 | (1) |
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94 | (1) |
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94 | (1) |
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94 | (1) |
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94 | (1) |
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95 | (1) |
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95 | (3) |
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95 | (1) |
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96 | (1) |
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1 Recent Abolition of Restrictions |
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96 | (1) |
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96 | (1) |
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96 | (1) |
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C Protection of Bondholders |
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97 | (1) |
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1 Bond Management Company |
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97 | (1) |
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97 | (1) |
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97 | (1) |
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98 | (1) |
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1 Convertible Bonds and Bonds with Warrant |
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98 | (1) |
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2 Bonds Newly Introduced in 2011 Amendment |
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98 | (1) |
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IV Disclosure under the CMA |
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98 | (2) |
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98 | (1) |
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B Regulation of Public Offerings |
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99 | (1) |
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99 | (1) |
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2 Definition of a Public Offering |
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99 | (1) |
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99 | (1) |
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C Sanctions under the CMA |
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100 | (1) |
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8 Accounting And Dividends |
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100 | (5) |
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100 | (1) |
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101 | (1) |
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101 | (1) |
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101 | (1) |
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101 | (1) |
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102 | (1) |
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102 | (2) |
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A Maximum Dividend Amount |
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102 | (1) |
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103 | (1) |
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C Procedural Requirements |
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103 | (1) |
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103 | (1) |
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104 | (1) |
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104 | (1) |
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104 | (1) |
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104 | (1) |
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104 | (1) |
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105 | (1) |
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9 Amendment Of Articles Of Incorporation |
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105 | (1) |
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105 | (1) |
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105 | (1) |
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10 Corporate Restructuring |
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105 | (12) |
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I Reduction of Legal Capital |
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106 | (1) |
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106 | (1) |
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1 Shareholders' Special Resolution |
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106 | (1) |
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2 Protection of Creditors |
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106 | (1) |
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106 | (1) |
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106 | (1) |
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107 | (1) |
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3 Decrease of Number of Shares |
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107 | (1) |
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107 | (1) |
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II Transfer and Purchase of Undertaking |
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107 | (1) |
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A Procedures for Transfer of Undertaking |
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108 | (1) |
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B Protection of Dissenting Shareholders |
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108 | (1) |
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III Mergers and Divisions |
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108 | (6) |
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108 | (1) |
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108 | (1) |
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109 | (1) |
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3 Short-Form Merger and Small-Scale Merger |
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110 | (1) |
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4 Triangular Merger and Cash-Out Merger |
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111 | (1) |
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111 | (1) |
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112 | (1) |
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1 Definition and Types of Division |
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112 | (1) |
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112 | (1) |
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3 Effect of Division or Division-Merger |
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114 | (1) |
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114 | (2) |
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114 | (1) |
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B Procedures for Tender Offer |
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114 | (1) |
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1 Public Notice of Tender Offer and Submission of Tender Offer Statement |
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114 | (1) |
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2 Disclosure of Tender Offer Prospectus |
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115 | (1) |
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115 | (1) |
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4 Restrictions on Activities of Offer or Target Company |
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115 | (1) |
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5 Price and Consideration |
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115 | (1) |
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6 Target Company's Opinion on Tender Offer |
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115 | (1) |
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7 Revocation of Tender Offer |
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116 | (1) |
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8 Withdrawal by Shareholders |
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116 | (1) |
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9 Purchase of Tendered Shares |
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116 | (1) |
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116 | (1) |
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V Squeeze-Out and Sell-Out |
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116 | (1) |
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11 Reorganizing Companies In Trouble |
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117 | (11) |
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117 | (1) |
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II Rehabilitation under the CRPA |
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118 | (2) |
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A Process of Rehabilitation Proceeding |
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118 | (1) |
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1 Application for Rehabilitation Proceeding |
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118 | (1) |
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2 Suspension of Enforcement and Operation of the Creditor Commission |
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118 | (1) |
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3 Commencement of the Rehabilitation Proceeding and Approval of Restructuring Plan |
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119 | (1) |
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B Effect of Restructuring Plan and Termination of Rehabilitation Proceeding |
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119 | (1) |
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III Rehabilitation under the DRBA |
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120 | (4) |
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A Process of Rehabilitation Proceeding |
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120 | (1) |
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1 Application for Rehabilitation Proceeding |
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120 | (1) |
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2 Provisional Order and Temporary Stay Order |
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120 | (1) |
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3 Commencement of Proceeding |
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120 | (1) |
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4 Appointment of the Administrator |
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121 | (1) |
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5 Authority of the Administrator |
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121 | (1) |
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122 | (1) |
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123 | (1) |
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123 | (1) |
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B Effect of Approved Rehabilitation Plan |
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124 | (1) |
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C Termination of Rehabilitation Proceeding |
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124 | (1) |
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124 | (1) |
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2 Unsuccessful Termination |
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124 | (1) |
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IV Bankruptcy Proceedings |
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124 | (4) |
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A Process of Bankruptcy Proceeding |
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125 | (1) |
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1 Application for Bankruptcy Proceeding |
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125 | (1) |
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2 Provisional Order and Declaration of Bankruptcy |
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125 | (1) |
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3 Administration of Bankruptcy Estate |
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126 | (1) |
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4 Report of Claim and Claim Type |
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126 | (1) |
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5 Liquidation and Distribution of Assets |
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127 | (1) |
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6 Termination of Bankruptcy Proceeding |
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128 | (1) |
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B Effect of Bankruptcy Proceeding |
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128 | (1) |
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12 Liquidation By The Members |
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128 | (1) |
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128 | (1) |
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128 | (1) |
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129 | (1) |
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13 Holding Companies And Subsidiaries |
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129 | (3) |
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I Holding Companies under the MRFTA |
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129 | (1) |
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|
129 | (1) |
|
|
130 | (1) |
|
II Financial Holding Companies |
|
|
130 | (2) |
|
Chapter 2 Limited Companies (GmbH) |
|
|
132 | (5) |
|
|
132 | (1) |
|
|
132 | (1) |
|
|
132 | (1) |
|
I Eligibility and Number of Members |
|
|
132 | (1) |
|
|
133 | (1) |
|
III Obligations of Members |
|
|
133 | (1) |
|
|
133 | (1) |
|
|
133 | (3) |
|
|
133 | (2) |
|
A Supremacy and Flexibility of Members' Meeting |
|
|
133 | (1) |
|
B Convening of Members' Meeting |
|
|
134 | (1) |
|
|
134 | (1) |
|
|
134 | (1) |
|
|
134 | (1) |
|
|
135 | (1) |
|
|
135 | (1) |
|
B Appointment and Removal |
|
|
135 | (1) |
|
|
135 | (1) |
|
D Representation of Company |
|
|
135 | (1) |
|
E Duties and Liabilities of Directors |
|
|
135 | (1) |
|
|
136 | (1) |
|
|
136 | (1) |
Part II. Partnership Companies |
|
137 | (8) |
|
Chapter 1 General Partnership Companies |
|
|
138 | (2) |
|
|
138 | (1) |
|
2 Membership And Management |
|
|
138 | (1) |
|
I Contribution by Members |
|
|
138 | (1) |
|
|
138 | (1) |
|
|
138 | (1) |
|
IV Transfer of Membership |
|
|
139 | (1) |
|
|
139 | (1) |
|
Chapter 2 Limited Partnership Companies |
|
|
140 | (2) |
|
|
140 | (1) |
|
|
140 | (1) |
|
3 Membership And Management |
|
|
140 | (1) |
|
|
140 | (1) |
|
|
140 | (1) |
|
A Management and Representation of the Company |
|
|
140 | (1) |
|
|
141 | (1) |
|
C Investigation by the Members with Limited Liabilities |
|
|
141 | (1) |
|
|
141 | (1) |
|
IV Transfer of Membership |
|
|
141 | (1) |
|
|
141 | (1) |
|
Chapter 3 Limited Liability Companies |
|
|
142 | (3) |
|
|
142 | (1) |
|
|
142 | (1) |
|
3 Membership And Management |
|
|
142 | (1) |
|
|
142 | (1) |
|
|
143 | (1) |
|
|
143 | (1) |
|
|
143 | (1) |
|
|
143 | (1) |
|
|
143 | (2) |
Part III. Tax Law |
|
145 | (4) |
|
|
145 | (1) |
|
|
145 | (1) |
|
|
145 | (1) |
|
|
145 | (1) |
|
2 Taxable Entities Under The CTA |
|
|
146 | (1) |
|
3 Taxation On Transactions Between The Company And Shareholders |
|
|
146 | (1) |
|
|
146 | (1) |
|
|
146 | (1) |
|
|
146 | (1) |
|
B Imputation System for Double Taxation |
|
|
147 | (1) |
|
|
147 | (1) |
|
|
147 | (1) |
|
|
147 | (2) |
|
|
147 | (1) |
|
|
148 | (1) |
|
III Shareholders of the Merged Corporation |
|
|
148 | (1) |
Selected Bibliography |
|
149 | (2) |
Index |
|
151 | |