Commercial Act of South Korea
Amendments (changes) were made in 1963, 1984, 1991, 1993, 1995, 1996, 1998, 1999, 2001, 2002, 2008 and 2009. The biggest changes were made to comply with rules made by the International Monetary Fund. These changes were made during South Korea's foreign currency crisis in 1998. They were commentated to support corporate restructuring and improving accountability and transparency of management through efficient monitoring.