If a building owned by a Korean nonprofit is listed as a “basic asset” (기본재산), a board resolution alone may not be enough to sell it. This article explains when government approval or an amendment to the Articles of Incorporation may be required, what Korean court and administrative appeal decisions show, and what documents should be reviewed before signing a sale agreement.
8/25/2026
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Columns are general guidance. Individual cases are reviewed after consultation.
This article examines three decisions in which Korea’s Board of Audit and Inspection required government agencies to cancel tax-related dispositions. It explains how errors in statutory interpretation, factual assessment, and tax-reduction requirements affected each outcome.
8/24/2026
