The Korean Company Act is a legal framework that governs the formation, operation, and dissolution of companies in South Korea. It outlines the rights and responsibilities of shareholders, directors, and other stakeholders, ensuring transparency and accountability in corporate governance. The Act also provides guidelines for various types of companies, including limited liability companies and joint-stock companies. Additionally, the Act addresses issues such as corporate finance, mergers and acquisitions, and the protection of minority shareholders. It aims to promote fair business practices and enhance investor confidence in the South Korean market, contributing to the overall economic development of the country.