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ENFORCEMENT DECREE OF THE KOREA WATER RESOURCES CORPORATION ACT

Presidential Decree No. 12464, jun. 17, 1988

Amended by Presidential Decree No. 12781, Aug. 18, 1989

Presidential Decree No. 13097, Sep. 4, 1990

Presidential Decree No. 13771, Dec. 9, 1992

Presidential Decree No. 14438, Dec. 23, 1994

Presidential Decree No. 15314, Mar. 22, 1997

Presidential Decree No. 14447, Mar. 22, 1997

Presidential Decree No. 16756, Mar. 13, 2000

Presidential Decree No. 17196, Apr. 17, 2001

Presidential Decree No. 17854, Dec. 30, 2002

Presidential Decree No. 20020, Apr. 20, 2007

Presidential Decree No. 20289, Sep. 27, 2007

Presidential Decree No. 20722, Feb. 29, 2008

Presidential Decree No. 21215, Dec. 31, 2008

Presidential Decree No. 22151, May 4, 2010

Presidential Decree No. 22493, Nov. 15, 2010

Presidential Decree No. 22527, Dec. 13, 2010

Presidential Decree No. 24443, Mar. 23, 2013

Presidential Decree No. 24617, jun. 17, 2013

Presidential Decree No. 25751, Nov. 19, 2014

 Article 1 (Purpose)
The purpose of this Decree is to prescribe matters delegated by the Korea Water Resources Corporation Act, and those necessary for the enforcement thereof.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 2 (Investment Value of Rights to Use, etc.)
The investment value of rights to use dams, rights to manage waterworks, rights to manage terminal sewage treatment plants the State or local governments invest in the Korea Water Resources Corporation (hereinafter referred to as the "Corporation") pursuant to Article 4 (7) of the Korea Water Resources Corporation Act (hereinafter referred to as the "Act") or multi-purpose dam facilities or installations the State invests in the Corporation pursuant to Article 4 (8) of the Act,shall be the value invested in constructing, expanding or reconstructing the relevant facilities or installations.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 3 (Registration for Incorporation)
(1) Matters to be included in the registration for incorporation of the Corporation shall be as follows:
1. Objectives;
2. Name;
3. Seat of its principal office, branch offices or other offices (hereinafter referred to as "branches");
4. Capital;
5. Methods of investment and the amount thereof;
6. Names, resident registration numbers and addresses of executives: Provided, That addresses of executive officers with no power of representation shall be excluded;
7. Method of giving public notice.
(2) When the registration for incorporation of the Corporation is made under paragraph (1), the Corporation shall, without delay, give public notice thereof.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 4 (Registration of Establishment of Branch Offices)
(1) When the Corporation has established a branch, it shall file for registration according to the following classifications:
1. To register the name and the seat of the newly established branch and the date of its establishment within two weeks at the seat of its principal office;
2. To register the following matterswithin three weeks at the seat of a newly established branch:
(a) Objectives;
(b) Name;
(c) Seat of its principal office and the newly establish branch office;
(d) Name, resident registration number and address of the President of the Corporation (hereinafter referred to as "President");
(e) Method of giving public notice.
(2) Where the Corporation has established a new branch office within the jurisdiction of the registry office having jurisdiction over the seat of its principal office or a branch office, it shall only register the name and the seat of the new branch within three weeks, notwithstanding paragraph (1).
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 5 (Registration of Relocation)
(1) Where the Corporation relocates its principal office to the jurisdiction of another registry office, it shall register, within two weeks, the new seat of the principal office and the date of relocation at the former seat, and matters prescribed in each subparagraph of Article 3 (1) at the new seat of the principal office, respectively.
(2) Where the Corporation relocates a branch office to the jurisdiction of another registry office, it shall register the new seat of the branch and the date of relocation at the seat of the principal office and the former seat within two weeks, and matters prescribed in each item of Article 4 (1) 2 at the new seat of the branch within three weeks.
(3) Where the Corporation relocates its principal office or a branch office within the jurisdiction of the same registry office, it shall register the new seat of the principal office or branch and the date of relocation within two weeks.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 6 (Registration of Alteration)
If matters to be registered pursuant to any subparagraph of Article 3 (1) are altered, such altered matter shall be registered within two weeks at the seat of the principal office. In such cases, matters to be registered pursuant to each item of Article 4 (1) 2 are altered, such altered matters shall also be registered at the seat of a branch within three weeks.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 7 (Registration, etc. of Appointment of Representative)
(1) Where the President of the Corporation appoints his/her representative pursuant to Article 8 of the Act, he/she shall register, within two weeks, the following matters at the seat of the principal or branch for which he/she appoints the representative. The same shall also apply in cases where any registered matter is altered:
1. Name and address of the representative;
2. Name and seat of the principal or branch for which the representative is appointed;
3. If the representative's authority is restricted, the details of such restriction.
(2) Where arepresentative registered pursuant to paragraph (1) is dismissed, the purport of such dismissal shall be registeredwithin two weeks at the seat of the principal or branch for which the representative is appointed.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 8 (Applicant for Registration)
The applicant for filing registration of the Corporation shall be its President: Provided, That the same shall not apply to registration for incorporation.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 9 (Counting of Registration Periods)
Where matters to be registered pursuant to this Decree require authorization or approval from the Minister of Land, Infrastructure and Transport, the registration period of such matters shall be counted from the date on which a written authorization or approval arrives. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 10 (Competent Registry Offices)
(1) The district court, its branch court or registry office having jurisdiction over the principal office or a branch of the Corporation shall be the competent registry office in charge of its registration.
(2) The competent registry office shall keep the register of the Korea Water Resources Corporation.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 11 (Documents to be Attached to Applications for Registration)
Any application for registration prescribed by this Decree shall be accompanied by the following documents:
1. Registration for incorporation prescribed in Article 3: Articles of incorporation, documents attesting to the amount of paid-in capital and the qualification of executive officers;
2. Registration of establishment of a branch prescribed in Article 4: Documents attesting to the establishment of such branch;
3. Registration of relocation of the principal office or a branch prescribed in Article 5: Documents attesting to such relocation.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 12 (Education and Training Plans)
(1) Where the Corporation intends to provide training and education prescribed in Article 9 (1) 10 of the Act, it shall prepare a training and education plan for the following year which contains the following matters and notify the Minister of the Interior, the Minister of Environment and the Minister of Land, Infrastructure and Transport, respectively, of the plan by no later than November 30: <Amended by Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 25751, Nov. 19, 2015>
1. Objectives of training and education;
2. Institutions to provide training and education and the number of persons by business entity;
3. Curricula and periods of training and education;
4. Subjects of each training and education curriculum;
5. Forecasts of supply and demand for training and education;
6. Training and education costs and apportionments;
7. Other matters necessary for training and education.
(2) Where the Minister of the Interior, the Minister of Environment and the Minister of Land, Infrastructure and Transport notified of training and education plans pursuant to paragraph (1) deems the Corporation's plans improper, he/she may request the Corporation to adjust such plans. <Amended by Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 25751, Nov. 19, 2015>
(3) The Corporation shall submit the outcomes of annual training and education to the Minister of the Interior, the Minister of Environment and the Minister of Land, Infrastructure and Transport by the end of February of the next year. <Amended by Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 25751, Nov. 19, 2015>
(4) The Corporation may request relevant institutions and business entities to provide information necessary for preparing training and education plans referred to in paragraph (1) and training and education.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 13 (Technical Support)
(1) Where the Corporation intends to provide technical support prescribed in Article 9 (1) 10 of the Act, it shall prepare a technical support plan for the following year which contains the following matters and notify the Minister of the Interior, the Minister of Environment and the Minister of Land, Infrastructure and Transport, respectively, of the plan by no later than November 30: <Amended by Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 25751, Nov. 19, 2014>
1. Objectives of technical support;
2. Scope of institutions and business entities to provide technical support;
3. Details and methods of providing technical support;
4. Financing plan for technical support;
5. Technical support costs and apportionments;
6. Other matters necessary for providing technical support.
(2) Article 12 (2) through (4) shall apply mutatis mutandis to technical support prescribed in paragraph (1).
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 14 (Scope of Areas to Construct Terminal Sewage Treatment Plants)
Anarea having direct influence on water quality of a metropolitan water source pursuant to Article 9 (5) of the Act shall be any of the following areas:
1. Upper stream of a metropolitan water source and neighboring areas of the first tributary thereto;
2. An area where a pollutant such as sewage flows into a metropolitan water source;
3. Other areas deemed specifically necessary for conserving water quality of a metropolitan water sources by the Minister of Environment.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 15 (Applications for Approval of Implementation Plans)
(1) Where the Corporation intends to obtain approval of an implementation plan for a project (hereinafter referred to as "implementation plan") pursuant to Article 10 (1) of the Act from the Minister of Land, Infrastructure and Transport or the Minister of Environment, it shall submit a written application stating the following matters: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. Name of project;
2. Name and address of a project implementor;
3. Objectives and outline of the project;
4. Location and size of the site where the project is to be implemented;
5. Project implementation period.
(2) Applications prescribed in paragraph (1) shall be accompanied by the following documents and drawings. In such cases, the Minister of Land, Infrastructure and Transport or the Minister of Environment shall verify the land registration map of an area where a project is to be implemented through the joint use of administrative information pursuant to Article 36 (1) of the Electronic Government Act: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. An annual investment plan and financing plan;
2. Floor plans and detailed design drawings;
3. Documents containing a plan for relocation or removal of public facilities and a construction plan for substitute facilities;
4. Management and disposition plans of land and public facilities;
5. Documents containing a plan for purchase and compensation of land, buildings or rights (hereinafter referred to as "land, etc.") and a relocation plan of residents;
6. Documents stating the method of serving documents on the owners of land, etc. and interested parties provided for in subparagraph 5 of Article 2 of the Act on Acquisition of and Compensation for Land, etc. for Public Works project(hereinafter referred to as "interested parties") by public notice if it is impossible to serve such documents due to a unknown address or abode of the owner and interested parties or for other grounds;
7. Address, lot number, category, area of land, etc. to be expropriated or used, and a detailed list of rights, other than ownership thereof;
8. Documents stating names and addresses of owners of land, etc. and interested parties;
9. A location drawing of the site where a project is to be implemented;
10. Documents stating matter provided for in Article 7 (1) 4 through 6 of the Act on Construction of Dams and Assistance, etc. to their Environs (only applicable to projects provided for in Article 9 (1) 1 of the Act);
11. Relevant documents and drawings provided for in Article 27 (1) of the Enforcement Decree of the Water Supply and Waterworks Installation Act (only applicable to projects provided for in Article 9 (1) 2 of the Act);
12. Documents and drawings provided for in Article 7 (2) 1 through 4 of the Enforcement Decree of the Sewerage Act (only applicable to projects provided for in Article 9 (1) 4 of the Act);
13. Other documents stating matters provided for in relevant Acts and subordinate statutes.
(3) Article 20 of the Act on Construction of Dams and Assistance, etc. to their Environs shall apply mutatis mutandis to computation of the amount of construction costs to be borne, among the details to be stated in the documents referred to in paragraph (2) 10.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 16 (Announcement of Approval of Implementation Plans)
(1) Announcements made pursuant to Article 10 (4) of the Act shall include the following matters:
1. Name of project;
2. Name and address of a project implementor;
3. Objectives and outline of the project;
4. Location and size of the site where the project is to be implemented;
5. Project implementation period;
6. Method of serving documents on the owners of land, etc. and interested parties by public notice if it is impossible to serve such documents due to a unknown address or abode of the owner and interested parties or for other grounds;
7. Address, lot number, category, area of land, etc. to be expropriated or used, and a detailed list of rights, other than ownership thereof;
8. Names and addresses of owners of land, etc. and interested parties;
9. Other necessary matters.
(2) Where the Minister of Land, Infrastructure and Transport or the Minister of Environment announces matters provided for in any subparagraph of paragraph (1) pursuant to Article 10 (4) of the Act, he/she shall notify without delay the relevant Special Metropolitan City Mayor, Metropolitan City Mayor, Do Governor or the Governor of the relevant Self-Governing Province (hereinafter referred to as "Mayor/Do Governor") of the details thereof. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 17 (Minor Modifications to Implementation Plans)
(1) "Minor matters prescribed by Presidential Decree" in the proviso to Article 10 (5) of the Act means the following matters:
1. Change of the address and representative of the Corporation;
2. Increase or decrease of project costs within 10/100 of the total project costs;
3. Reduction or extension of the project implementation period by not more than six months;
4. Matters provided for in any subparagraph of Article 27 (3) of the Enforcement Decree of the Water Supply and Waterworks Installation Act (only applicable to projects provided for in Article 9 (1) 2 of the Act).
[This Article Newly Inserted by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 18 (Authorization for Completion)
(1) Where the Corporation intends to obtain authorization for completion pursuant to Article 11 of the Act, it shall submit an application for authorization stating the following matters to the Minister of Land, Infrastructure and Transport or the Minister of Environment: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. Name of a project;
2. Name and address of a project implementor;
3. Objectives and outline of the project;
4. Location and size of the site where a project is to be implemented;
5. Project implementation period.
(2) Applications for authorization referred to in paragraph (1) shall be accompanied by the following documents and drawings:
1. Completion records;
2. Documents stating construction costs and matters concerning the apportionment thereof (only applicable to projects provided for in Article 9 (1) 1 of the Act);
3. Site records;
4. Cadastral survey records (submerged land drawings, in cases of any submerged land due to the implementation of projects provided for in Article 9 (1) of the Act) issued by the head of a Si/Gun/Gu (referred to the head of an autonomous Gu; hereinafter the same shall apply);
5. Records and drawings describing reversion of public facilities, land, etc. pursuant to Article 32 of the Act;
6. Replotting plans and comparison of the old and new land registration maps (only applicable to replotting provided for in Article 25 of the Act);
7. Disposition plans of developed land and facilities.
(3) Article 20 of the Act on Construction of Dams and Assistance, etc. to their Environs shall apply mutatis mutandis to computation of the amount of construction costs to be borne among the details to be stated in the documents referred to in paragraph (2) 2.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 19 (Application for Use before Authorization for Completion)
Where the Corporation intends to use land or facilities before obtaining authorization for completion pursuant to the proviso to Article 11 (4) of the Act, it shall submit an application for authorization of use, which states the following matters to the Minister of Land, Infrastructure and Transport or the Minister of Environment: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. Name of a project;
2. Objectives of the project;
3. Details of land or facilities it intends to use;
4. Other necessary matters.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 20 (Transfer, etc. of Earned Surplus Reserves to Capital)
Where the Corporation intends to transfer earned surplus reserves and reserves for business expansion to its capital pursuant to Article 12 (3) of the Act, it shall obtain approval thereof from the Minister of Strategy and Finance following a resolution thereon passed by the boards of directors.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 21 (Methods of Issuing Bonds)
(1) Where the Corporation intends to issue bonds pursuant to Article 13 (1) of the Act, it shall annually formulate a plan to issue bonds, which shall include the following matters and refer the plan to the board of directors for voting: <Amended by Presidential Decree No. 24617, Jun. 17, 2013>
1. Purposes of issuing bonds;
2. Methods of issuing bonds;
3. Matters provided for in Article 22 (2) 2 through 7.
(2) Within two months after its budget is finalized pursuant to Article 40 (3) of the Act on the Management of Public Institutions, the Corporation shall obtain approval from the Minister of Land, Infrastructure and Transport for the relevant year's plan to issue bonds, which has been passed by the board of directors pursuant to paragraph (1). <Newly Inserted by Presidential Decree No. 24617, Jun. 17, 2013>
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 22 (Subscription for Bonds)
(1) Any person who intends to subscribe for bonds shall enter the number and the acceptance price of bonds to subscribe for and his/her address in a subscription form for bonds and sign and seal it: Provided, if such bonds are issued with a fixed minimum value, the subscription prices shall be entered in the subscription form.
(2) The President shall prepare the subscription forms for bonds by stating the following matters:
1. Name of the Corporation;
2. Total issue value of bonds;
3. Amount of each bond;
4. Interest rate of bonds;
5. Methods and timing of repaying principal;
6. Methods and time of paying interest;
7. Issuance value and minimum value of each bond;
8. Total amount of outstanding bonds, if any, out of already issued bonds;
9. Purport that a bond is registered or unregistered one, if applicable;
10. Trade name and address of a company to which subscription of bonds is entrusted, if any.
(3) Paragraphs (1) and (2) shall not apply to cases where the total issuance value of bonds are subscribed for. The same shall also apply to some bonds subscribed for by a company entrusted with subscription for bonds.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 23 (Total Issuance Value of Bonds)
The President may specify in a subscription form for bonds that bonds will be issued even if the total subscription value fails to reach the total issuance value of bonds stated in the subscription for bonds, In such cases, the total subscription value shall be the total issuance value of bonds.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 24 (Payment, etc. of Acceptance Price of Bonds)
(1) If subscription for bonds is completed, the Corporation shall, without delay, require each subscriber to make full payment for the bonds he/she has accepted.
(2) Any person entrusted with subscription for bonds may do acts provided for in paragraph (1) and Article 22 (1) for the Corporation under his/her name.
(3) Where bonds are issued through subscription, no bond certificate may be issued until full payment of acceptance prices equivalent to the total issuance value thereof is made.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 25 (Issuance of Bonds through Sale)
(1) Where the Corporation intends to issue bonds through sale, it shall decide the matters provided for in Article 22 (2) 2 through 7 and the period and place of sale and announce them in advance. <Amended by Presidential Decree No. 24617, Jun. 17, 2013>
(2) In cases falling under paragraph (1), no subscription form referred to in Article 22 shall be prepared.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 26 (Total Value of Bonds Issued through Sale)
Where the total value of bonds sold for the period of sale referred to in Article 25 (1) fails to reach the total issuance value of the bonds, the total value of sale shall be the total issuance value of bonds. <Amended by Presidential Decree No. 24617, Jun. 17, 2013>
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 27 (Entries in Bond Certificates)
Matters provided for in Article 22 (2) 2 through 6 and bond certificate number, issuance date, and the name of the issuing agency shall be entered in bond certificates and the President shall sign and seal them.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 28 (Bond Register)
(1) The Corporation shall keep a bond register at its principal office and enter the following matters therein:
1. Number by kind of bonds and serial numbers thereof;
2. Issuance date of bonds;
3. Matters provided for in Article 22 (2) 2 through 6 and 10.
(2) If bonds are registered, the following matters shall also be entered in the bond register, in addition to those provided for in each subparagraph of paragraph (1):
1. Name and address of a bondholder;
2. Acquisition date of bonds;
(3) Bondholders and other right holders may request the Corporation to allow them to inspect the bond register at any time during the business hours of the Corporation.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 29 (Transfer of Bonds)
(1) Transfer of any registered bond may not stand against the Corporation or any third person without entering the name and address of an acquirer in the bond register.
(2) Where any registered bond becomes the object of pledge, such bond may not stand against the Corporation or any third person without entering the name and address of a pledge holder in the bond register.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 30 (Notice, etc. to Bond Subscribers)
(1) Any notice or notice of demand to subscribers or right holders before bonds are issues shall be sent to the addresses entered in the subscription forms for bonds.
(2) Any notice or notice of demand to holders of registered bonds shall be sent to the addresses entered in the subscription forms for bonds: Provided, That if the Corporation has been notified of another address, such notice shall be given to such address.
(3) Any notice or notice of demand to holders of unregistered bonds shall be given through public announcement: Provided, notice may be sent if the addresses of holders of unregistered bonds are known.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 31 (Computation of Undue Profits)
(1) Undue profits provided for in Article 15 (3) of the Act shall be the amount equivalent to charges or fees (hereinafter referred to as "charges, etc.") for the volume of water used or the frequency of using facilities without entering into a contract for use provided for in paragraphs (1) and (2) of the same Article.
(2) Additional dues provided for in Article 15 (3) of the Act shall be computed by applying the overdue interest rate applied by banks prescribed in the Bank Act to the amount equivalent to charges, etc. referred to in paragraph (1).
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 32 (Provisions concerning Charges, etc.)
(1) Where the Corporation intends to establish regulations specifying the methods of computing charges for water supplied by water resources development facilities pursuant to Article 16 (2) of the Act, it shall consult in advance with the relevant Mayor/Do Governor.
(2) Where the Corporation has established regulations specifying the methods of computing, and procedures for collecting charges, etc. pursuant to Article 16 (2) of the Act and obtains approval from the Minister of Land, Infrastructure and Transport or the Minister of Environment, it shall, without delay, take necessary measures, such as making an announcement in order for persons who have entered into a contract for use of water, water resources development facilities or the surface thereof, or terminal sewage treatment plants to know them. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 33 (Burden of Costs for Training, Education, etc.)
Costs for technical support or training and education that the Corporation may require a recipient of such technical support training, his/her affiliated organization or relevant business entity to bear pursuant to Article 16-2 of the Act shall be an amount computed within actual expenses incurred.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 34 (Consultation on Implementation of Projects on Entrustment)
(1) Where the Corporation intends to implement some projects upon entrustment pursuant to Article 17 of the Act, it shall consult on the following matters with a trustee:
1. An outline of the project;
2. A project period (including the commencement date and the scheduled completion date) and schedule;
3. Matters concerning risk bearing;
4. Matters concerning management and execution of project costs;
5. Matters concerning disposal of property following implementation of projects;
6. Other matters necessary for clarifying the entrusted details of projects.
(2) Where the Corporation intends to re-entrust projects entrusted by the State or a local government pursuant to Article 9 (4) of the Act as prescribed in Article 17 of the Act, it shall obtain approval in advance from the State or the relevant local government.
(3) Where the Corporation is entrusted with projects pursuant to Article 9 (4) of the Act or entrusts projects pursuant to Article 17 of the Act, fees therefor shall be computed as provided for in the attached Table: Provided, That if any other Act or subordinate statute provides for otherwise, the provisions of such Act or subordinate statues shall govern.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 35 (Entrustment of Authority for Vicarious Execution)
(1) Where the Corporation performs projects provided for in Article 9 (1) 1, 2, 4 and 5 of the Act, the head of a local government shall entrust the Corporation with the authority to carry out vicarious execution prescribed in Article 89 of the Act on Acquisition of and Compensation for Land, etc. for Public Works project pursuant to Article 24 (4) of the Act.
(2) Where the Corporation intends to exercise authority to carry out vicarious execution pursuant to paragraph (1), it shall notify the head of the relevant local government by no later than seven days prior to the scheduled date of prior warning provided for in Article 3 (1) of the Administrative Vicarious Execution Act.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 36 (Entrustment of Collection)
Where the Corporation entrusts the head of a Si (including the Special Metropolitan City Mayor and Metropolitan City Mayors)/Gun/Gu with collection of undue profits, additional dues, charges and fees pursuant to Article 29 (1) of the Act, it shall send him/her a letter of entrustment for collection stating the names and address of persons subject to collection, amount to be collected, grounds for collection, term of payment, collection subsidies and other necessary matters.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 37 (Consultation, etc.)
(1) Where the Minister of Land, Infrastructure and Transport or the Minister of Environment consults on the lease or transfer (including discontinuation of use of administrative property) of property owned by the State or a local government pursuant to the latter part of Article 33 (1) of the Act, it shall submit a document stating the details of consultation (referring to a project plan, purpose of consultation, a list of property, the schedules date of lease or transfer and other necessary matters), the location drawing and a document verifying that such property is unregistered (only applicable to unregistered property). In such cases, the head of relevant central administration agency shall verify the following documents through joint use of administrative information provided for in Article 36 (1) of the Electronic Government Act: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. A certified copy of the land cadastre or forest cadastre;
2. A land registration map (referring to a cadastral map in cases of forests);
3. A certified copy of the register.
(2) "State property, the management agency of which is unknown" in Article 33 (3) of the Act means any of the following property, the management agency of which is not decided pursuant to any other Act or subordinate statute:
1. Unregistered State property that is land, other than public property;
2. State land, the registration for entering the name of the management agency of which is not filed for;
3. Devolving property.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 38 (Scope, etc. of Grants)
"Costs prescribed by Presidential Decree" in Article 36 of the Act means costs determined by the Minister of Land, Infrastructure and Transport among costs for constructing or re-constructing irrigational water facilities, residential water facilities or industrial water facilities or other management costs. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
 Article 39 (State Subsidies)
Projects eligible for State subsidies pursuant to Article 37 of the Act means projects for construction water resources development projects provided in each item of Article 9 (1) 1 of the Act and terminal sewage treatment plants provided in subparagraph 4 of the same paragraph and projects incidental thereto.
[This Article Wholly Amended by Presidential Decree No. 22527, Dec. 13, 2010]
ADDENDA
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 Omitted.
Article 3 (Incorporation Expenses)
Expenses incurred in incorporating the Corporation shall be borne by the Industrial Sites Development Corporation.
Article 4 (Transitional Measures)
Any contract for supply of water the Industrial Sites Development Corporation has entered into the users thereof, or charges, etc. for water supplied by water resources development facilities, the Industrial Sites Development Corporation has obtained approval for which from the Minister of Construction shall be deemed a contract for use provided in Article 15 of the Act or charges, etc. approved by the Minister of Construction pursuant to Article 16 of the Act.
ADDENDA <Presidential Decree No. 12781, Aug. 18, 1989>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 13097, Sep. 4, 1990>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 13771, Dec. 9, 1992>
Article 1 (Enforcement Date)
This Decree shall enter into force December 15, 1992.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 14438, Dec. 23, 1994>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 14447, Dec. 23, 1994>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 15314, Mar. 22, 1997>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 16756, Mar. 13, 2000>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDUM <Presidential Decree No. 17196, Apr. 17, 2001>
This Decree shall enter into force on April 17, 2001.
ADDENDA <Presidential Decree No. 17854, Dec. 30, 2002>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2003
Articles 2 through 8 Omitted.
ADDENDUM <Presidential Decree No. 20020, Apr. 20, 2007>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 20289, Sep. 27, 2007>
Article 1 (Enforcement Date)
This Decree shall enter into force on September 28, 2007.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 20722, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDUM <Presidential Decree No. 21215, Dec. 31, 2008>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 22151, May 4, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on May 5, 2010.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 22493, Nov. 15, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 18, 2010.
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 22527, Dec. 13, 2010>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 24443, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 6 Omitted.
ADDENDUM <Presidential Decree No. 24617, Jun. 17, 2013>
This Decree shall enter into force on June 19, 2013.
ADDENDA <Presidential Decree No. 25751, Nov. 19, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That among Presidential Decrees amended by Article 5 of the Addenda, the amended provisions of Presidential Decrees which were promulgated before this Decree enters into force, but the enforcement dates of which have not yet arrived, shall enter into force on the enforcement date of each respective Presidential Decree.
Articles 2 through 5 Omitted.