Tenure voting is known as time-phased voting, time-weighted voting. It gives the long-term shareholder additional voting right and dividend. Many foreign countries can issue tenure voting. For example, these countries are U.S., France, Italy, Netherlands and so on. Corporations such as Lafarge·PSA Peugeot Citroen·LVMH·L``Oreal Group·Electricite de France·L``Air Liquide SA·Credit Agricole·ABN AMRO Holding·Unilever issue tenure voting. But Korea can not issue tenure voting because Korean commercial code 369(1) prohibit tenure voting. Korean commercial code 369(1) is that "Every shareholder shall have one vote for each share". Because tenure voting is able to reduce a harmful effect caused by short-term shareholder and promote long-term shareholder who see the company from a strategic and long-term point of view and have much merits, Korea will be enable corporation to issue tenure voting.