①If a limited liability company reduces the amount of stated capital, creditors of relevant limited liability company may state their objections to the reduction in the stated capital to relevant limited liability company.

②In cases provided for in the preceding paragraph, the limited liability company must give public notice of the matters set forth below in Official Gazette and must give notice of the same separately to each known creditor;provided, however, that the period under item (ii) cannot be less than one month:

③Notwithstanding the provisions of the preceding paragraph, if, in addition to a notice in Official Gazette, a limited liability company effects the public notice under that paragraph in a manner set forth in Article 939, paragraph (1), item (ii) or item (iii) in accordance with the provisions of the articles of incorporation under the provisions of that paragraph, the limited liability company is no longer required to give separate notices under the provisions of the preceding paragraph.

④If the creditors do not raise any objection within the period under paragraph (2), item (ii), relevant creditors are deemed to have approved relevant reduction of the stated capital.

⑤If the creditors raise any objection within the period under paragraph (2), item (ii), the limited liability company must make the payment or provide appropriate security to relevant creditors, or entrust equivalent assets to a qualified trust company for the purpose of assuring the payment to relevant creditors;provided, however, that this does not apply if relevant reduction in the stated capital is unlikely to be detrimental to the relevant creditors.

⑥The reduction in stated capital takes effect on the day when the procedures in each of the preceding paragraphs has ended.