Study On The Korea No Par Value Stock System

With the establishment and development of the company’s shares, par value of the stock of legal thinking has also been the emergence and development. Stocks on the ticket marked according to whether the amount per share, can be divided into a denomination stocks and shares without par value. No par value shares are not listed on the face of the par value per share, recorded in the capital in only a proportion of the number of shares recorded their characterization. No par value shares can truly reflect the company’s assets and shares of stock of the actual market value. Shares of no par value shares of the company to facilitate financing.2012Commercial Code of Korea formally incorporated into the system of no par value shares. Companies can choose to issue no par value shares or par value stock either. If you choose to issue no par value shares, the provisions in the Articles required by the sponsor or the full consent of the premise, to determine the issue price of shares and the amount of the issue price of shares as capital amount. According to the Articles of Association to allow all to no par value shares in the form of shares. No par value shares of capital stock issue price required to achieve the total half or more, the amount is not included in the issue price to the amount of capital to be incorporated into the capital reserve. No par value shares of capital determined, in principle, determined by the Board, but if there are provisions in the Articles of Association, the issuance of new shares by the shareholders’meeting decided to issue no par value shares of capital funds. Par value shares with no par value shares can be converted to each other, but can’t be part of the conversion. Par value shares with no par value shares of the mutual conversion notice expires immediate legal effect. According to South Korea’s claims, Stock Split matter for consideration by the Board of Directors resolution, the Share Consolidation by the General Assembly resolutions. Dividends, including cash dividends and stock dividends. Stock dividend is distributed to shareholders in the company will be in the form of stock dividends paid. According to the resolution of the general meeting, will be able to allocate a total profit of less than half the total amount distributed as dividends divided by the outstanding shares out of the share capital of the resulting number of no par value shares issued as dividends.By studying Korean regime produces no par value shares to the legislative implementation process, the South Korean scholars no par value shares system has been re-integrate academic point of view, this will be no par value shares of our system of research work has brought learning of significance. Final recommendation of no par value shares in the mature period of the system, the system will no par value shares into which legislation.