Permit Procedure for Amending a Medical Corporation's Articles of Incorporation and Disposing of Basic Property — Board Resolution and City/Province (Si/Do) Permit

Procedure

1. 1. Check whether a permit is required

   Disposing of property, such as selling, donating, leasing or providing basic property as security, and amending the articles of incorporation require a permit from the Mayor/Do Governor. Matters that change a provision of the articles of incorporation, such as relocating the hospital or adding a business purpose, are also included.

2. 2. Board of directors resolution

   Hold a board of directors meeting and pass a resolution in accordance with the procedure set in the articles of incorporation. The notice of convocation, the quorum for resolution and the matters entered in the minutes must match the articles of incorporation to avoid requests for supplementation in the permit review.

3. 3. Check the executive requirements

   In principle, a medical corporation has at least 5 and no more than 15 directors, and 2 auditors. Directors who are relatives of one another must not exceed one quarter (1/4) of the fixed number, and an auditor must not be a relative of a director.

4. 4. Apply for the permit

   Attach the board minutes, a before-and-after comparison table, a statement of reasons for the property disposal, appraisal materials and the like to the permit application and submit it to the metropolitan city or province (si/do) having jurisdiction over the location of the principal office. Do not conclude a contract or carry out the disposal before the permit.

5. 5. Follow-up procedures after the permit

   After obtaining the permit, carry out the amendment of the articles of incorporation or the property disposal, and if registered matters change, follow the corresponding procedure. Organize the result of the disposal and the changes in the property list to prepare for the next report and audit.

Required documents

• Application for permit to amend the articles of incorporation or to dispose of basic property
• Minutes of the board of directors meeting
• Before-and-after comparison table of the articles of incorporation, and the amended articles of incorporation
• Statement of reasons for the property disposal, list of the property to be disposed of, and value materials such as an appraisal report
• Latest property list and financial materials
• List of executives (where executives are also being changed)

Fees

In the industry, preparing and filing permit application documents for amendment of the articles of incorporation or disposal of property is generally priced from several hundred thousand won to the 1,000,000 won range, and the fee varies with the size of the property to be disposed of and the scope of supplementation. In some cases it is bundled into annual operational advisory services. We review the articles of incorporation and board materials and advise you on the fee after a consultation.

See fees and official charges for this service →

Legal basis and review date

• Medical Service Act, Article 48
• Medical Service Act, Article 48-2
• Medical Service Act, Article 51-2

Checked against the statutes on 2026-09-30

Statutes and public notices change, so each case needs to be checked individually. Statute titles are given in English for reference. The Korean statutes are the authoritative text.

Check these first

• Do not conclude a sale, lease or security contract before obtaining the permit.
• Each time an executive is replaced, check the requirements on the number of directors and the proportion of relatives again.

Frequently asked questions