earticle

영어

Broadly speaking, a ‘takeover’ takes place when one corporation acquires the actual control of another corporation, which is limited to listed corporation in this dissertation. ‘takeover’ is the product of the development of market economy. Since the late 20’s century, there has been one wave of takeover after another all over the world. But the takeover in Chinese listed corporation is just underway. As a result, the subject of relationship between takeover companies and target companies is much more concerned in the fields of academy and practice. Since takeover companies are able to impose influence or manipulation on target companies, they usually sacrifice target companies for themselves or corporation groups to utmost of profits. So it is of great significance to regulate the listed corporation’s ‘takeover’. In this paper, I had comparative research the takeover regulation in Securities Law of China and South Korea. Furthermore, this paper will be mainly divided into two parts, the substantive regulation and procedural regulation.