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By Jong Koo Park and Yun Goo KwonKim & ChangTel: +82 2 3703 1114 Fax: +82 2 737 9091-3 Website: www.kimchang.com
On April 14 2011, the Korean government promulgated new amendments to the Korean Commercial Code (the KCC). The amendments include an array of provisions that aim for more flexibility in relation to corporate financing, and enhanced transparency in relation to corporate governance.