Annual General Meeting (AGM) Under the Korean Commercial Act 1. Obligation to Hold an AGM Under Article 363 of the Korean Commercial Act (KCA), all limited liability companies and joint-stock companies must hold an Annual General Meeting (AGM) within a specified period after the end of the financial year. Typically, the AGM must be held within three months after the financial year-end (e.g., for companies with a December 31 year-end, the AGM must be held by the end of March). Main Purpose: Approval of financial statements, dividend declaration, reappointment of directors and auditors, and discussion of key business matters. 2. AGM Process & Timeline ✅ AGM Notice & Invitation (At least two weeks before the AGM) Convener: The Representative Director (or a person designated by the Articles of Incorporation) Method of Notification: Written or electronic notice to all shareholders Public notice in a daily newspaper or electronic disclosure for listed companies Required Detail...
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