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In the Revision of the Korean Commercial Act,(April. 2009), the issue was strengthening the competitive power of the Korean corporations rather than the corporate governance. So the Commercial Act was revised in view of empowering the Korean Coporate Competitiveness. This revision dealt with the stockholding corporations. : the abolition of the lowest limit of the capital, the exemption of the duty of auditor’s election and committee of directors in small-sized company, the exemption of the authentation of acticles and minute books in the founding small-sized company, the simplification of calling-up and resolution in the shareholder meeting, the exemption of the payment’s authentation of the capital(stock), the electronic voting system and the electronic proposing system by the minority of the shareholders. Those revision are aimed for the company’s efficient and easy foundation and management in the hard and difficult state of global monetary crises, which is regarded as affirmative.


In the Revision of the Korean Commercial Act,(April. 2009), the issue was strengthening the competitive power of the Korean corporations rather than the corporate governance. So the Commercial Act was revised in view of empowering the Korean Coporate Competitiveness. This revision dealt with the stockholding corporations. : the abolition of the lowest limit of the capital, the exemption of the duty of auditor’s election and committee of directors in small-sized company, the exemption of the authentation of acticles and minute books in the founding small-sized company, the simplification of calling-up and resolution in the shareholder meeting, the exemption of the payment’s authentation of the capital(stock), the electronic voting system and the electronic proposing system by the minority of the shareholders. Those revision are aimed for the company’s efficient and easy foundation and management in the hard and difficult state of global monetary crises, which is regarded as affirmative.