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Recently, there has been a revision of statutes of corporate law in Korearegarding conflicted interests transaction between directors and companies. This article argues that Korean corporate law needs to impose fiduciaryduties to controlling shareholders, and to distinguish director’s duty of careand duty of loyalty to regulate directors self dealings more efficiently inthe future.


Recently, there has been a revision of statutes of corporate law in Korea regarding conflicted interests transaction between directors and companies. This article argues that Korean corporate law needs to impose fiduciary duties to controlling shareholders, and to distinguish director’s duty of care and duty of loyalty to regulate directors self dealings more efficiently in the future.