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PROVISIONAL ACT ON SPECIAL CASES CONCERNING THE TREATMENT OF CONFISCATED VALUABLES, ETC.

Act No. 1167, Nov. 6, 1962

Amended by Act No. 1522, Dec. 16, 1963

Act No. 3318, Dec. 31, 1980

Act No. 5454, Dec. 13, 1997

Act No. 5681, Jan. 21, 1999

 Article 1 (Purpose)
The purpose of this Act is to dispose of valuables confiscated from those who have committed the crimes provided in the National Security Act, or ordered to be reverted to the National Treasury pursuant to said Act, in a prompt, effective and well-directed manner to ensure national security, notwithstanding the provisions of any other Acts and subordinate statutes. <Amended by Act No. 3318, Dec. 31, 1980>
 Article 2 (Definition of Confiscated Valuables)
The term "confiscated valuables" used in this Act means any weapons, communications instruments and materials, equipment and other articles, and any operational valuables including securities, currencies, etc., confiscated by a final and conclusive judgement from any person who falls under any of the following subparagraphs, or ordered to be reverted to the National Treasury pursuant to Articles 15 (2) and 22 of the National Security Act: <Amended by Act No. 3318, Dec. 31, 1980>
1. The North Korean puppet group or a member thereof;
2. An anti-state organization or a member thereof that acts in concert with a North Korean puppet group;
3. A person who acts on an order of any such person as mentioned in any of the above subparagraphs;
4. A person engaged in any anti-state activity in concert with a North Korean puppet group.
 Article 3 (Disposal of Confiscated Valuables)
(1) The Director of the National Intelligence Service may directly use or dispose of all or some of any confiscated valuables with approval from the President after deliberation thereon by the State Council, if they are deemed necessary for an intelligence-gathering activity or the public benefit. <Amended by Act No. 1522, Dec. 16, 1963; Act No. 5454, Dec. 13, 1997; Act No. 5681, Jan. 21, 1999>
(2) The Director of the National Intelligence Service shall pay the National Treasury the amount in Korean won out of the confiscated valuables directly used under the preceding paragraph after deducting the said amount from the amount of annual expenditure of the National Intelligence Service. <Amended by Act No. 5454, Dec. 13, 1997; Act No. 5681, Jan. 21, 1999>
 Article 4 (Enforcement Decree)
Matters necessary for the enforcement of this Act shall be prescribed by Presidential Decree. <Amended by Act No. 5454, Dec. 13, 1997>
ADDENDUM
This Act shall enter into force on the date of its promulgation.
ADDENDUM<Act No. 1522, Dec. 16, 1963>
This Act shall enter into force on December 17, 1963.
ADDENDA<Act No. 3318, Dec. 31, 1980>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDUM<Act No. 5454, Dec. 13, 1997>
This Act shall enter into force on January 1, 1998. (Proviso Omitted.)
ADDENDA<Act No. 5681, Jan. 21, 1999>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.