https://legal.excellentwiki.com/south-korea/corporate-law/Recent content in Corporate Law on ExcellentWiki - Legal EncyclopediaHugoen-USTue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/south-korea/corporate-law/south-korea-corporate-law/Tue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/south-korea/corporate-law/south-korea-corporate-law/<h2 id="introduction">Introduction</h2> <p>South Korean corporate law is governed by the <strong>Commercial Act (상법, Act No. 1000, 1962)</strong> , which underwent comprehensive reform in 2011–2012. The Act regulates corporate formation, governance, shareholder rights, mergers and acquisitions, and dissolution. It applies to five types of companies: partnership (hapmyeong hoesa), limited partnership (hapja hoesa), limited liability company (yuhan chaekim hoesa), stock company (jusik hoesa), and limited company (yuhan hoesa). The <strong>stock company (jusik hoesa)</strong> is by far the most common form for business enterprises.</p>