6 Matters Subject to a Cooperative Change Report — Number of Members and Contributions Reported Within 3 Months After the Fiscal Year Ends

Procedure

1. 1. Check whether the change is subject to a change report

   The matters subject to a change report are 6: the articles of association, the location of the principal office, officers (including persons performing the duties of officers), the chairperson's address, the total paid-in contributions and the number of members (Enforcement Decree of the Framework Act on Cooperatives, Article 7(2), newly inserted on June 23, 2026). A change to any other matter in the establishment report is not subject to a change report, and an amendment to the articles of association takes effect only when reported to the Mayor/Do Governor (Framework Act on Cooperatives, Article 16(3)).

2. 2. Check the reporting timing

   For the articles of association, the location of the principal office, officers and the chairperson's address, a change report is filed each time a change occurs. For the total paid-in contributions and the number of members, one change report is filed, based on the end of the fiscal year, within 3 months after that fiscal year ends (Enforcement Decree of the Framework Act on Cooperatives, Article 7(3)). If the principal office moves to another Si/Do, the report is filed with the Mayor/Do Governor having jurisdiction over the new principal office (Enforcement Rule of the Framework Act on Cooperatives, Article 6(3)).

3. 3. General meeting resolution and minutes

   Amendment of the articles of association and the election and dismissal of officers are matters for resolution by the general meeting; amendment of the articles requires the attendance of a majority of all members and the approval of at least two thirds of those present, and election or dismissal of officers requires the attendance of a majority of all members and the approval of a majority of those present (Framework Act on Cooperatives, Article 29). The minutes record the proceedings and results and bear the names and seals or signatures of the chair and at least 3 members elected at the general meeting (same Act, Article 30).

4. 4. Prepare the change report and attachments

   The change report is Form No. 7 of the Enforcement Rule of the Framework Act on Cooperatives, on which the content before and after the change is entered for each item. Depending on the change, only the applicable attachments are submitted among a copy of the articles of association, a copy of the general meeting minutes, the business plan and revenue and expenditure budget after the change, documents proving the reduction of contributions, and the member register (same Rule, Article 6(2)).

5. 5. Submission to the Mayor/Do Governor and acceptance

   The Mayor/Do Governor notifies whether the change report is accepted within 20 days of receipt, and if neither acceptance nor an extension of the processing period is notified within that period, the report is deemed accepted on the day after the period ends (Framework Act on Cooperatives, Article 15(2) and (3)). Once accepted, the change is entered on the back of the report confirmation certificate; the processing period on the form is 20 days and there is no fee (same Act, Article 15-2; Enforcement Rule of the Framework Act on Cooperatives, Form No. 7).

Required documents

• Cooperative change report (Enforcement Rule of the Framework Act on Cooperatives, Form No. 7)
• Copy of the articles of association (if the articles were amended)
• Copy of the general meeting minutes resolving the change (if a general meeting resolution is required, such as for the articles or officers)
• Business plan after the change (Form No. 4) and revenue and expenditure budget (Form No. 5) (if the articles' provisions on the scope of business and accounting were amended)
• Statement of financial position and documents proving the resolution to reduce contributions, the public notice to creditors and the handling of objections (if the amount per share decreased)
• Member register (Form No. 6) (if the number of members changed)
• Certificate of registered matters of the corporation (checked by the official through shared administrative information; if you do not consent, the reporting person submits it)

Fees

There is no government fee for a cooperative change report (Enforcement Rule of the Framework Act on Cooperatives, Form No. 7). Our office fee starts from the amount shown above and may vary depending on the number of items changed and the scope of drafting the general meeting minutes and the amended articles; we will give you an exact quote after reviewing your documents.

See fees and official charges for this service →

Legal basis and review date

• Framework Act on Cooperatives, Article 15
• Framework Act on Cooperatives, Article 15-2
• Framework Act on Cooperatives, Article 16
• Framework Act on Cooperatives, Article 29
• Framework Act on Cooperatives, Article 30
• Framework Act on Cooperatives, Article 119
• Enforcement Decree of the Framework Act on Cooperatives, Article 7
• Enforcement Rule of the Framework Act on Cooperatives, Article 6
• Enforcement Rule of the Framework Act on Cooperatives, Form No. 7

Checked against the statutes on 2026-10-26

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

• The change report on total paid-in contributions and the number of members must be filed within 3 months after the fiscal year ends, and neglecting the report may result in a fine of up to 1,000,000 won (Enforcement Decree of the Framework Act on Cooperatives, Article 7(3); Framework Act on Cooperatives, Article 119(3)1).
• Because an amendment to the articles takes effect only when reported, the change report should be submitted without delay after the general meeting resolution, and if the amount per share decreased, documents proving the contribution reduction procedure, such as the public notice to creditors, must also be prepared (Framework Act on Cooperatives, Article 16(3); Enforcement Rule of the Framework Act on Cooperatives, Article 6(2)4).

Frequently asked questions