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ENFORCEMENT DECREE OF THE SUBSIDY MANAGEMENT ACT

Presidential Decree No. 23264, Oct. 26, 2011

Amended by Presidential Decree No. 23356, Dec. 8, 2011

Presidential Decree No. 23842, jun. 7, 2012

Presidential Decree No. 24890, Dec. 4, 2013

Presidential Decree No. 25114, Jan. 28, 2014

Presidential Decree No. 25478, Jul. 16, 2014

Presidential Decree No. 25781, Nov. 28, 2014

Presidential Decree No. 25918, Dec. 30, 2014

Presidential Decree No. 26428, Jul. 24, 2015

Presidential Decree No. 27113, Apr. 28, 2016

Presidential Decree No. 27427, Aug. 2, 2016

Presidential Decree No. 27543, Oct. 18, 2016

Presidential Decree No. 28011, May 8, 2017

 Article 1 (Purpose)
The purpose of this Decree is to provide for matters delegated by the Subsidy Management Act and matters necessary for the enforcement of said Act.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 2 (Designation of Benefits)
Benefits, other than subsidies and financial aid referred to in subparagraph 1 of Article 2 of the Subsidy Management Act (hereinafter referred to as the "Act"), are income subsidies referred to in Article 3 of the Regulations on the Implementation of Direct Payment Systems for Agricultural Producers.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 3 (Appropriation of Budget Subsidies for Programs without Budget Proposal)
In any of the following cases, the State may appropriate subsidies in a budget for any program for which a budget proposal is not made pursuant to Article 5 of the Act:
1. If the State grants all subsidy expenses incurred in relation to the program;
2. If it is unavoidable to grant a subsidy due to unexpected reasons, such as occurrence of a natural disaster;
3. If the Minister of Strategy and Finance deems it unavoidable to grant a subsidy for the implementation of major national policies.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 4 (Scope of Programs Eligible for Subsidies and Basic Subsidy Rate)
(1) The scope of a local government's program eligible for subsidies under Article 9 (1) 1 of the Act and the basic subsidy rate under subparagraph 2 of the same paragraph (hereinafter referred to as "basic subsidy rate") shall be as set forth in attached Table 1: Provided, That a local government's programs set forth in attached Table 2 shall be excluded from the eligibility. <Amended by Presidential Decree No. 27113, Apr. 28, 2016>
(2) The basic subsidy rate shall be the ratio of national subsidies to the aggregates of the national subsidies, the charges to be borne by a local government, borrowings from government funds and the amount to be borne by a beneficiary, along with other amounts of money determined by the Minister of Strategy and Finance for the relevant fiscal year.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 5 (Criteria for Application of Differential Subsidy Rates)
(1) A differential subsidy rate which includes a certain rate in a basic subsidy rate under Article 10 of the Act (hereinafter referred to as "increased subsidy rate") shall be determined by adding either 20, 15, or ten percent to the basic subsidy rate, and a differential subsidy rate which subtracts a certain rate from a basic subsidy rate (hereinafter referred to as "reduced subsidy rate") shall be determined by subtracting either 20, 15, or ten percent from the basic subsidy rate; application standards and the detailed formula for calculating each basic rate shall be as set forth in attached Table 3.
(2) An increased subsidy rate shall only apply to a local government in substantially difficult financial conditions.
(3) Where subsidies are granted to a local government that has requested the application of an increased subsidy rate, the Minister of Strategy and Finance may provide the relevant local government with guidelines necessary for its financial management.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 6 (Programs whose Period of Existence is Excluded from Being Specified)
“Subsidy programs determined by Presidential Decree” referred to in Article 15 (1) of the Act shall means any of the following programs: <Amended by Presidential Decree No. 25781, Nov. 28, 2014; Presidential Decree No. 27113, Apr. 28, 2016>
1. Mandatory spending programs referred to in Article 7 (2) 4-2 of the National Finance Act;
2. Continuing programs deemed feasible after a preliminary feasibility study conducted under Article 38 of the National Finance Act or an appraisal of financial investment projects made under Article 37 of the Local Finance Act;
3. Programs for which a block grant is compiled pursuant to Article 40 of the Special Act on Balanced National Development;
4. Other programs which do not conform to the purpose of specifying a period of duration and the period of duration of which is deemed by the Minister of Strategy and Finance to be unnecessary to be limited to not longer than three years.
[This Article Newly Inserted by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 6-2 (Organization and Operation of Subsidy Program Assessment Board)
(1) The Subsidy Program Assessment Board referred to in Article 15 (3) of the Act (hereinafter referred to as the "Board") shall consist of members nominated by the Minister of Strategy and Finance from among the following persons: <Amended by Presidential Decree No. 27113, Apr. 28, 2016>
1. A faculty member at least at the level of assistant professor who has expertise in subsidy management and a subsidy-related area;
2. A doctorate degree holder who belongs to a government-funded research institute and has expertise in subsidies;
3. An attorney-at-law, certified public accountant, certified tax accountant, or financial expert who has at least five years of work experience;
4. A person who has abundant expertise and experience in the research and assessment of the operation of subsidy programs.
(2) The Board may request the head of a central government agency who implements a subsidy program subject to assessment to submit documents and information related to the assessment of the subsidy program. In such cases, the head of the relevant central government agency shall comply with such request, except in extenuating circumstances.
(3) Except as otherwise expressly provided for in paragraphs (1) and (2), matters necessary for the organization and operation of the Board shall be determined by the Minister of Strategy and Finance.
[This Article Newly Inserted by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 6-3 (Subsidy Management Committee)
(1) The Subsidy Management Committee (hereinafter referred to as the "Committee") shall be established under the jurisdiction of the Minister of Strategy and Finance to deliberate on important matters concerning the planning, execution, management, etc. of a budget for subsidies.
(2) The Committee shall deliberate on the following: <Amended by Presidential Decree No. 28011, May 8, 2017>
1. Matters concerning determining major policies and improvements in the system related to subsidy programs;
2. Matters concerning verifying the appropriateness of the selection of subsidy programs and subsidy program operators, etc.;
3. Matters concerning formulating and operating measures to prevent the double or fraudulent receipt of subsidies and readjusting subsidy programs;
4. Matters concerning establishing and operating the integrated subsidy management network under Article 26-2 of the Act (hereinafter referred to as the “integrated subsidy management network”);
5. Other matters submitted for deliberation because the chairperson of the Committee deems it necessary.
(3) The Second Vice Minister of Strategy and Finance shall serve as the chairperson of the Committee and the following persons shall become members of the Committee:
1. Persons appointed by the Minister of Strategy and Finance on the recommendation of the head of a central administrative agency from among public officials belonging to the Senior Executive Service of the relevant central administrative agency that administers subsidy programs;
2. Not more than 12 non-governmental members commissioned by the Minister of Strategy and Finance in consideration of gender from among persons who have extensive knowledge of and experience in subsidy programs.
(4) The term of office of non-governmental members referred to in paragraph (3) 2 shall be three years.
(5) Where a member referred to in paragraph (3) falls under any of the following cases, the Minister of Strategy and Finance may remove or dismiss such member: <Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016>
1. Where he/she becomes unable to perform his/her duties due to mental disorder;
2. Where there exist any corruption or illegality related to his/her duties as a member;
3. Where he/she is deemed not to be appropriate as a member due to his/her neglect of duties, injury to dignity, or other grounds;
4. Where he/she himself/herself declares that it is difficult to perform his/her duties as a member.
(6) In addition to matters provided for in paragraphs (1) through (5), matters necessary for the composition and operation of the Committee shall be prescribed by the Minister of Strategy and Finance via a resolution made by the Committee. <Amended by Presidential Decree No. 27113, Apr. 28, 2016>
[This Article Newly Inserted by Presidential Decree No. 26428, Jul. 24, 2015]
 Article 7 (Applications for Subsidies)
(1) A written application for subsidies under Article 16 of the Act shall state all of the following matters:
1. Name and address of an applicant;
2. Objectives and details of a subsidy program;
3. Estimated expenses of a subsidy program and the proposed amount of subsidies;
4. Amount to be borne by an applicant;
5. Scheduled commencement and completion dates for a subsidy program;
6. Other matters determined by the head of a central government agency.
(2) A written application for subsidies under paragraph (1) shall be accompanied by a program plan stating the following matters: Provided, That all, or some, of the following matters may be omitted from a program plan if such omission is approved by the head of a relevant central government agency:
1. Summary of an applicant's main business;
2. Information concerning assets and liabilities of an applicant;
3. Information concerning action plans for a subsidy program;
4. Basis for the calculation of subsidies applied;
5. Methods of using expenses incurred in relation to a subsidy program;
6. Names of the parties or entities bearing the expenses incurred in relation to a subsidy program, other than a portion covered by subsidies, the amount to be borne, and the methods of bearing such expenses;
7. Effects of a subsidy program;
8. Matters concerning the amount of revenues to be generated from the implementation of a subsidy program;
9. Other matters determined by the head of a relevant central government agency.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 7-2 Deleted. <by Presidential Decree No. 28011, May 8, 2017>
 Article 8 (Standards, etc. for Integrating Subsidies)
(1) Standard amounts to be granted upon integrating various items of expenses incurred in relation to each unit program pursuant to Article 20 (2) of the Act shall be less than five million won per year for each subsidy program operator.
(2) If the Minister of Strategy and Finance intends to integrate and manage budgets for subsidy programs with similar purposes pursuant to Article 20 (3) of the Act, he/she shall take into consideration any possibility to transfer the amount allocated for execution between subsidy programs, efficiency of integrated execution of subsidy budgets, etc.
(3) The extent of possible transfer of the amount allocated for execution between subsidy programs, detailed methods and procedures for integrated execution, etc. in accordance with paragraph (2) shall be determined by the Minister of Strategy and Finance.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 9 (Revocation of Decisions to Grant Subsidies due to Change in Circumstances)
"Where it is prescribed by Presidential Decree" in Article 21 (2) of the Act means any of the following cases:
1. Where land, important facilities, etc. necessary for the implementation of a subsidy program become unavailable due to any cause not attributable to the relevant subsidy program operator or indirect subsidy program operator;
2. Where expenses incurred in implementing a subsidy program or an indirect subsidy program, other than a portion covered by the subsidies or indirect subsidies (excluding those expenses borne by the subsidy program operator or indirect subsidy program operator), are not duly financed due to any cause not attributable to the subsidy program operator or indirect subsidy program operator.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 10 (Subsidization of Affairs or Projects that Become Necessary due to Revocation of Decision to Grant Subsidies)
Only one of the following types of expenses may be subsidized pursuant to Article 21 (4) of the Act:
1. Expenses to be incurred in removing machines, equipment or temporary structures related to a subsidy program and other remaining work;
2. Compensation to be paid when a contract for the implementation of a subsidy program is cancelled.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 10-2 (Retention of Data concerning Subsidy Programs)
(1) The retention period for data concerning the implementation of a subsidy program or an indirect subsidy program under Article 25 (3) of the Act shall be five years.
(2) The list of data to be retained under Article 25 (3) and (4) of the Act shall include the statement of account referred to in Article 25 of the Board of Audit and Inspection Act, documentary evidence, and documents necessary for verifying the statement of account or documentary evidence.
[This Article Newly Inserted by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 10-3 (Temporary Suspension of Implementation of Subsidy Programs)
Where the head of a central government agency temporarily suspends the implementation of a subsidy program pursuant to Article 26 (2) of the Act, he/she shall require the subsidy program operator to take measures tailored to details and conditions of the decision to grant the relevant subsidies within a specified period. In such cases, he/she shall clearly notify the subsidy program operator that the decision to grant the relevant subsidies shall be entirely or partially revoked pursuant to Article 30 (1) of the Act where the subsidy program operator fails to take such measures.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 10-4 (Subsidy Management Information)
“Matters prescribed by Presidential Decree” referred to in Article 26-2 (3) 7 of the Act means the following:
1. Matters concerning units of programs in which subsidies are granted, executed and settled;
2. Matters concerning information on subsidy programs by unit of the projects determined by the Minister of Strategy and Finance to verify whether subsidy programs are similar or duplicate and to provide customized public services.
[This Article Newly Inserted by Presidential Decree No. 28011, May 8, 2017]
 Article 10-5 (Request for Provision of Data or Information)
“Data or information prescribed by Presidential Decree” referred to in Article 26-3 (1) 6 (a) and 8 of the Act means the data or information referred to in attached Table 4, respectively.
[This Article Newly Inserted by Presidential Decree No. 28011, May 8, 2017]
 Article 10-6 (Request, etc. for Provision of Financial Information or Credit Information)
(1) Where the head of a central government agency or the head of a local government requests the head of a financial institution, etc. (referring to a financial company, etc. referred to in subparagraph 1 of Article 2 of the Act on Real Name Financial Transactions and Confidentiality and a credit information concentration institution referred to in Article 25 of the Use and Protection of Credit Information Act; hereinafter the same shall apply) to provide financial information or credit information pursuant to Article 26-4 (1) of the Act, he/she shall do so by means of documents (including electronic documents) containing the following matters:
1. Name and resident registration number (referring to the title, representative name and registration number of a corporation, in cases of a corporation; hereafter the same shall apply in this Article) of a subsidy program operator, an indirect subsidy program operator or a subsidy recipient (hereinafter referred to as a “subsidy program operator, etc.”) who requests the provision of financial information or credit information;
2. Scope of the financial information or credit information requested to be provided, the base date for inquiry, and the period of inquiry.
(2) The head of a financial institution, etc. so requested pursuant to paragraph (1) shall provide financial information or credit information containing the following to the head of a central government agency or the head of a local government:
1. Name and resident registration number of the subsidy program operator, etc. requested to provide financial information or credit information;
2. Title of the financial institution, etc, providing financial information or credit information;
3. Name and account number of the financial product required to be provided in respect of financial information;
4. Details of the financial information or credit information.
(3) The head of a central government agency or the head of a local government may request the head a financial institution, etc. to provide a financial information or credit information referred to in Article 26-4 (1) of the Act by using the information and communications network of the association, federation, or central association joined by the financial institution, etc.
[This Article Newly Inserted by Presidential Decree No. 28011, May 8, 2017]
 Article 10-7 (Data or Information to Be Preserved for Period Exceeding Five Years)
“Data or information prescribed by Presidential Decree” referred to in the proviso to Article 26-5 (1) of the Act means the following data or information:
1. Data or information concerning verifying whether any subsidies have been received in duplicate or unjustly received;
2. Data or information concerning cancelling the determination of granting subsidies referred to in Article 30 of the Act;
3. Data or information concerning excluding any entities from eligibility to implement a subsidy program or an indirect subsidy program and concerning the restriction on granting subsidies or indirect subsidies, referred to in Article 31-2 of the Act;
4. Data and information concerning withdrawing subsidies referred to in Article 33 of the Act;
5. Data and information concerning imposing and collecting additional monetary sanctions and additional dues referred to in Article 33-2 of the Act;
6. Data and information concerning restrictions on disposal of important property referred to in Article 35 of the Act;
7. Data and information concerning the publication of the list of names of fraudulent recipients of subsidies.
[This Article Newly Inserted by Presidential Decree No. 28011, May 8, 2017]
 Article 10-8 (Deposit and Payment of Subsidies)
(1) “Institutions determined by Presidential Decree, such as the Korea Public Finance Information Service” in the former part of Article 26-7 (5) of the Act means the Korea Public Finance Information Service established under the Korea Public Finance Information Service Act (hereinafter referred to as the “Korea Public Finance Information Service”).
(2) Except for any of the following cases, the Minister of Strategy and Finance may order the head of a central government agency or a subsidy program operator to deposit subsidies or indirect subsidies into the accounts designated by the institution referred to in paragraph (1) (hereinafter referred to as the “depository institution”) before granting subsidies or indirect subsidies to subsidy program operators or indirect subsidy program operators, respectively: Provided, That where any special provision on the deposit of subsidies or indirect subsidies is prescribed in any other statute, such statute shall prevail:
1. Where the head of a central government agency grants subsidies to the head of a local government who is an indirect subsidy program operator;
2. Where the head of a local government who is an indirect subsidy program operator grants indirect subsidies to the head of another local government.
(3) Where a subsidy program operator or indirect subsidy program operator requests the payment of a subsidy or indirect subsidy deposited pursuant to the main sentence of paragraph (2), he/she shall submit the evidential materials related to the execution thereof which fall under any of the following to the depository institution through the integrated subsidy management network:
1. Electronic invoices referred to in the latter part of Article 163 (1) of the Income Tax Act or electronic tax invoices referred to in Article 32 (2) of the Value-Added Tax Act;
2. Details of approved transactions by the exclusive cards for subsidies determined by the Minister of Strategy and Finance, which are credit cards or debit cards issued by credit card business entities referred to in the Specialized Credit Finance Business Act for the purpose of executing subsidies;
3. Other Materials proving the execution of subsidies.
(4) Where the depository institution in receipt of a request pursuant to paragraph (3) verifies the materials referred to in each subparagraph of the same paragraph, it shall promptly pay a subsidy or an indirect subsidy to a subsidy program operator, etc. who requests the subsidy or indirect subsidy.
(5) The depository institution may return the amount remaining after executing a subsidy or an indirect subsidy deposited pursuant to paragraph (2), interest income incurred therefrom, and earnings accruing from the subsidy program to the head of a central government agency or the head of a local government on behalf or the subsidy program operator or indirect subsidy program operator.
[This Article Newly Inserted by Presidential Decree No. 28011, May 8, 2017]
 Article 11 (Organization and operation of Consultative Council of Agencies Operating Integrated Subsidy Management Networks)
(1) The consultative council of agencies operating integrated subsidy management networks referred to in Article 26-9 (1) of the Act (hereinafter referred to as the “Consultative Council of Operating Agencies”) shall be comprised of the chairperson and the following members:
1. A person appointed by the Minister of Strategy and Finance from among the public officials belonging to the Senior Executive Service of the Ministry of Strategy and Finance who are in charge of operating and managing the integrated subsidy management networks;
2. A person appointed by the head of the relevant central government agency, who belongs to the Senor Executive Service of the relevant central government agency that uses the integrated subsidy management networks or provides data or information pursuant to Article 26-3 (2) of the Act;
3. The head of a public institution which provides data or information pursuant to Article 26-3 (2) or manages the systems falling under each subparagraph of Article 26-8 (1) of the Act;
4. The chairperson of the Korea Public Finance Information Service;
5. Not more than ten persons who have expertise and experience in subsidies or information systems, who are commissioned by the Minister of Strategy and Finance in consideration of gender.
(2) The chairperson of the Consultative Council of Operating Agencies shall be appointed by the Minister of Strategy and Finance from among the members in general service of the Senior Executive Service who are in charge of operating and managing the integrated subsidy management networks.
(3) The term of office of a council member referred to in paragraph (1) 5 shall be three years: Provided, That the term of office of the member who is newly commissioned following the resignation, etc. of a member shall be the remainder of the predecessor’s term of office.
(4) The person who appoints a council member pursuant to paragraph (1) 1 or 2 may cancel the appointment where the council member falls under any of the following cases:
1. Where he/she becomes unable to perform his/her duties due to mental disorder;
2. Where there exist any corruption or illegality related to his/her duties as a member;
3. Where it is deemed that he/she is deemed not to be appropriate as a member due to his/her neglect of duties, injury to dignity, or other grounds;
4. Where he/she himself/herself declares that it is difficult to perform his/her duties as a member.
(5) Where a member referred to in paragraph (1) 5 falls under any subparagraph of paragraph (4), the Minister of Strategy and Finance may dismiss the relevant member.
(6) The Consultative Council of Operating Agencies shall deliberate on the following matters:
1. Matters concerning protecting subsidy management information referred to in Article 26-2 (3) of the Act and data or information referred to in each subparagraph of Article 26-3 (1);
2. Matters concerning liking the systems in each subparagraph of Article 26-8 (1) of the Act to the integrated subsidy management networks;
3. The operation plan formulated by the Minister of Strategy and Finance pursuant to Article 26-9 (2) of the Act;
4. Major matters concerning operating the integrated subsidy management networks including their maintenance and improvement;
5. Other matters recognized by the chairperson of the Consultative Council of Operating Agencies as necessary.
(7) Meetings of the Consultative Council of Operating Agencies shall be comprised of the chairperson, members referred to in paragraph (1) 1 and 4, and not more than 25 members who are designated by the chairperson at every meeting.
(8) A meeting of the Consultative Council of Operating Agencies shall be convened with a majority of the constituents prescribed in paragraph (7) and a resolution shall be made by a majority of the members present.
(9) A working-level council may be established under the Consultative Council of Operating Agencies to pre-review agenda to be deliberated on and resolved at the meetings of the Consultative Council of Operating Agencies and to handle matters delegated by the Consultative Council of Operating Agencies.
(10) In addition to the matters prescribed in paragraph (1) through (9), matters necessary for the organization and operation of the Consultative Council of Operating Agencies shall be prescribed by the Minister of Strategy and Finance.
[This Article Newly Inserted by Presidential Decree No. 28011, May 8, 2017]
 Article 11-2 (Objects, Methods, etc. of Public Notification by Subsidy Program Operators, etc.)
(1) “Subsidy program or indirect subsidy program, the scale of which is larger than that prescribed by Presidential Decree” in the main sentence of Article 26-10 (1) of the Act means a subsidy program or an indirect subsidy program, the total amount of which is not less than ten million won in the same fiscal year: Provided, That where it is necessary to otherwise determine the scale of the programs subject to public notification in consideration of the characteristics of the subsidy programs or indirect subsidy programs, this means a subsidy program or an indirect subsidy program of an amount not less than that determined and publicly notified by the Minister of Strategy and Finance. <Amended by Presidential Decree No. 28011, May 8, 2017>
(2) The person who implements a subsidy program or indirect subsidy program referred to in paragraph (1) shall publicly notify the matters under each subparagraph of Article 26-10 (1) of the Act within four month from the end date of the relevant fiscal year: Provided, That an audit and inspection report or a report related to audit and inspection referred to in Article 26-10 (1) 5 of the Act shall be publicly notified within one month from the date of submitting it. <Amended by Presidential Decree No. 28011, May 8, 2017>
(3) “Matters prescribed by Presidential Decree” in Article 26-10 (1) 6 of the Act means the following matters: <Amended by Presidential Decree No. 28011, May 8, 2017>
1. In cases falling under the latter part of Article 27 (2) of the Act, the results of verification of a statement of accounts referred to therein;
2. Financial statements and statements of accounts of subsidy program operators or indirect subsidy program operators;
3. Other matters determined and publicly notified by the Minister of Strategy and Finance to enhance the transparency of subsidy programs or indict subsidy programs.
(4) Where the head of a central government agency issues a corrective order to a subsidy program operator or an indirect subsidy program operator pursuant to Article 26-10 (2) of the Act, he/she shall do so in writing, specifying the content, period, etc. of such corrective order. <Amended by Presidential Decree No. 28011, May 8, 2017>
(5) Where a corrective order is issued pursuant to Article 26-10 (2) of the Act, the head of a central government agency may reduce the amount of a subsidy determined to be granted for the relevant fiscal year within the extent of 50/100 of such subsidy. <Amended by Presidential Decree No. 28011, May 8, 2017>
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 12 (Reporting on Performance of Subsidy Programs)
(1) Any subsidy program operator or indirect subsidy program operator shall submit a performance report on the subsidy program or indirect subsidy program pursuant to Article 27 (1) of the Act within two months (three months in cases of a subsidy program operator who is the head of a local government, or an indirect subsidy program operator) after the reasons for reporting the performance arise.
(2) When submitting a performance report at the end of a fiscal year pursuant to Article 27 (1) of the Act, a subsidy program operator or an indirect subsidy program operator shall also submit an action plan for the subsidy program for the following fiscal year and thereafter, if details of the decision to grant the subsidies do not comply with such action plan.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 12-2 (Verification of Settlement Report)
(1) A settlement report referred to in the former part of Article 27 (2) of the Act shall be prepared, in a manner definitely separating the detailed uses and the amount of the relevant subsidy or indirect subsidy returned after decision to grant it.
(2) “Amount determined by Presidential Decree” referred to in the latter part of Article 27 (2) of the Act means 300 million won which is the total amount of a subsidy or an indirect subsidy for the relevant subsidy program or indirect subsidy program: Provided, That where the subsidy program operator or indirect subsidy program operator is a public corporation or a quasi-government agency prescribed in Article 5 of the Act on the Management of Public Institutions and it is necessary to otherwise determine such amount in consideration of the characteristics of the relevant subsidy program or indirect subsidy program, the amount shall be determined and publicly notified by the Minister of Strategy and Finance.
(3) Where the auditor referred to in Article 3 of the Act on External Audit of Stock Companies (hereinafter referred to as an “auditor”) verifies the propriety of the settlement report pursuant to the latter part of Article 27 (2) of the Act, he/she shall verify whether or not the subsidy program operator or indirect subsidy program operator has used the subsidy or indirect subsidy properly in conformity with the original objective of granting it, and shall specify the result of such verification in a report related to audit and inspection.
(4) Matters necessary for the formats, preparing methods, verification items, submission procedures, etc. of a statement of accounts submitted by a subsidy program operator or indirect subsidy program operator shall be prescribed by the Minister of Strategy and Finance.
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 12-3 (Selection, etc. of Auditor by Specific Program Operator)
(1) A specific program operator referred to in the main sentence of Article 27-2 (1) of the Act shall appoint an auditor within three months from the date of receipt of a notification of determination to grant a subsidy or indirect subsidy.
(2) A specific program operator referred to in paragraph (1) shall submit an audit and inspection report prepared by the auditor to the head of the central government agency within four months from the end date of the relevant fiscal year.
(3) An auditor appointed pursuant to paragraph (1) shall prepare an audit and inspection report in accordance with the standards for accounting audit referred to in Article 5 of the Act on External Audit of Stock Companies.
(4) In addition to the matters provided for in paragraphs (1) through (3), matters necessary for procedures for selecting auditors and detailed methods for preparing audit and inspection reports shall be prescribed by the Minister of Strategy and Finance.
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 13 (Return, etc. of Subsidies)
(1) "Interest accrued due to any unavoidable cause prescribed by Presidential Decree" in the proviso to Article 31 (2) of the Act means any of the following interest:
1. Interest accrued from subsidies spent within one month of the date of receipt;
2. Interest accrued during the period in which a subsidy program is postponed due to a natural disaster or other grounds equivalent thereto;
3. Interest accrued during the period of improvement, where the method of implementing a subsidy program and other relevant matters need to be improved as a result of amendment of statutes after the granting of such subsidies:
4. Interest accrued from subsidies granted by the head of a central government agency on a regular basis, regardless of whether a local government's proposal is submitted;
5. Interest accrued, deemed unavoidable by the Minister of Strategy and Finance in consideration of the characteristics of subsidy programs.
(2) A subsidy program operator who intends to obtain approval to extend a deadline for the return of subsidies pursuant to Article 31 (3) of the Act shall apply for such approval of extension to the head of a relevant central government agency.
(3) Where a subsidy program operator applies for approval of extension under paragraph (2), he/she shall submit a written application to the head of a relevant central government agency, along with documents stating the measures taken to attain the purposes of the granting of indirect subsidies related to his/her subsidy program, the reasons making it impractical to return the relevant subsidies, and other necessary references.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 13-2 (Requirements, etc. to Use Surplus Subsidies)
(1) "Where the relevant local government's efforts have led to budget savings" in the former part of Article 31 (4) of the Act means any of the following cases:
1. Where a subsidy program cost is saved by using a new technology or method;
2. Where a subsidy program cost is saved by improving the scheduled process or implementation methods;
3. Where an ordinary expense is reduced by improving a routine work process;
4. Where a small amount of subsidy remains after the implementation of a subsidy program or where it is determined by the Minister of Strategy and Finance.
(2) Any of the following cases shall not be construed as a case where the relevant local government's efforts have led to budget savings pursuant to the former part of Article 31 (4) of the Act:
1. Where expenditure naturally decreases due to outside factors, such as change of foreign exchange rates, interest rate and public charges;
2. Where expenditure decreases due to the revocation or modification of an original plan;
3. Where expenditure decreases due to the difference between expected demand and real demand;
4. Where an unexpected change of circumstances occurs or where it is determined by the Minister of Strategy and Finance.
(3) "Other subsidy programs with similar purposes" in the former part of Article 31 (4) of the Act means any subsidy program falling under the same category of a national financial management plan, among programs subsidized by the head of the same central government agency.
(4) "Programs prescribed by Presidential Decree, such as new programs" in the former part of Article 31 (4) of the Act means any of the following programs:
1. New subsidy programs;
2. Non-subsidized programs listed in attached Table 2.
(5) The head of a local government shall develop a plan, including subject matter, amount (excluding ordinary expenses not directly related to the implementation of a subsidy program), timing, etc. of the use of the unreturned surplus under Article 31 (4) of the Act (hereafter in this Article, referred to as "surplus"), and notify the head of the relevant central government agency of the use plan.
(6) In principle, surplus shall be used in the year in which such surplus occurs: Provided, That if it is impracticable to use the surplus in the relevant year, the specific timing for use shall be included in the plan developed under paragraph (5).
(7) Documents stating the use of the surplus under the latter part of Article 31 (4) of the Act shall include the following matters:
1. The reason why surplus occurs and the basis for calculating the surplus;
2. Purposes and specifications of a subsidy program for which surplus is used, and the amount allocated for execution;
3. Other matters determined by the head of a relevant central government agency.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 13-3 (Methods and Procedures for Exclusion from Implementing Subsidy Program)
(1) Where, pursuant to Article 31-2 (1) through (3) of the Act, the head of a central government agency determines either to exclude any subsidy program operator, etc. from persons eligible for implementing a subsidy program or indirect subsidy program or to restrict the granting or payment of a subsidy or an indirect subsidy to such operator, etc., he/she shall promptly register the following matters at the integrated subsidy management network referred to in Article 26-2 (1) of the Act: <Amended by Presidential Decree No. 28011, May 8, 2017>
1. Name, trade name, resident registration number, address, and business registration number of the subsidy program operator, etc., and the license or registration number obtained by such operator, etc. pursuant to the relevant statutes (where the subsidy program operator etc. is a corporation, referring to the name and resident registration number of the representative, and the corporate name and corporate registration number of such operator, etc.) of the subsidy program operator, etc.;
2. Detailed grounds for either excluding any subsidy program operator, etc. from persons eligible for implementing a subsidy program or indirect subsidy program, or restricting the granting or payment of subsidies or indirect subsidies to such operator, etc.;
3. Other matters prescribed by the Minister of Strategy and Finance to smoothly execute either exclusion from implementing subsidy programs or indirect subsidy programs or to restrict the granting or payment of subsidies or indirect subsidies.
(2) Where the head of a central government agency either excludes any subsidy program operator, etc. from persons eligible for conducting a subsidy program or an indirect subsidy program or restricts the granting or payment of a subsidy or an indirect subsidy to such operator, etc., he/she shall inform the Committee of such fact.
(3) Where the head of a central government agency determines whether to grant a subsidy to prevent a subsidy program operator, etc. subject to the restriction of granting or payment of a subsidy or indirect subsidy from participating in a subsidy program or indirect subsidy program in a manner of changing its trade name or representative, he/she shall verify the resident registration number, corporate registration number, or license or registration number, etc. obtained pursuant to the relevant statutes of the subsidy program operator, etc.
(4) In addition to the matters provided for in paragraphs (1) through (4), detailed matters regarding the content of and procedures for notification of either exclusion from persons eligible for implementing a subsidy program or an indirect subsidy program or restriction on the granting or payment of a subsidy or indirect subsidy shall be determined and publicly notified by the Minister of Strategy and Finance.
<This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016>
 Article 14 (Notification of Order to Return Subsidies)
Where a subsidy program operator or an indirect subsidy program operator orders a subsidy recipient to return a subsidy or an indirect subsidy pursuant to Article 33 (1) of the Act, he/she shall notify the head of the relevant central government agency of the relevant subsidy program or indirect subsidy program of such fact, in writing, including the following matters, within ten days for the date the order is issued:
1. The name, trade name, age, and address (in cases of a corporation, referring to the name, age, and address of the representative and the name and address of the corporation) of the subsidy recipient who is issued the order to return subsidies;
2. Detailed grounds for the order to return subsidies;
3. Amount of the subsidy or indirect subsidy to be returned by the subsidy recipient who is issued such order;
4. Other matters the head of the central government agency deems necessary to execute the return of the subsidy or indirect subsidy.
[This Article Wholly Amended by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 14-2 (Standards, etc. for Imposing and Collecting Additional Monetary Sanction)
(1) Standards for imposing an additional monetary sanction in the main sentence of Article 33-2 (1) of the Act (hereinafter referred to as an “additional sanction money”) shall be as specified in attached Table 5. <Amended by Presidential Decree No. 28011, May 8, 2017>
(2) “Circumstances prescribed by Presidential Decree, such as where a fine, minor fine, confiscation, additional collection, penalty surcharge, or administrative fine is imposed” in the proviso to Article 33-2 (1) of the Act means circumstances where a fine, minor fine, confiscation, additional collection, penalty surcharge, or administrative fine (hereafter referred to as an “administrative fine, etc.” in this Article) prescribed in the Act or any other Act is imposed on the subsidy program operator, etc. due to any reason, such as unjust receipt of a subsidy or an indirect subsidy.
(3) The head of a central government agency shall ensure that the aggregate of a fine, etc. and an additional monetary sanction does not exceed five times the total amount of a subsidy or indirect subsidy to be returned.
(4) “Cases prescribed by Presidential Decree” in Article 33-2 (3) 5 means cases where the cost incurred in imposing and collecting an additional monetary sanction is deemed to exceed the amount of an additional monetary sanction intended to be imposed and collected.
(5) Where the head of a central government agency imposes and collects an additional monetary sanction from a subsidy program operator, etc. pursuant to Article 33-2 (1) of the Act, he/she shall clarify the amount of the additional monetary sanction, together with the type of violation and inform the subsidy program operator, etc. to pay such amount, in writing.
(6) A subsidy program operator, etc. in receipt of a notification referred to in paragraph (5) shall pay the additional monetary sanction to a collecting agency determined by the head of the central government agency within 30 days from the date of receiving it: Provided, That where it is unable to pay it within such period due to any unavoidable cause, such as an act of God, wartime or an accident, it shall be paid within seven day from such circumstance ceases to exist.
(7) The collecting agency in receipt of an additional monetary sanction pursuant to paragraph (6) shall issue a receipt to the person who pays the additional monetary sanction and promptly notify the head of the central government agency of the fact of receiving it, in writing.
(8) The amount of the additional dues referred to in Article 33-2 (4) of the Act shall be calculated according to the following classifications:
1. In cases of paying it within one month after the period of payment expires: Amount equivalent to 2/100 of the unpaid amount: Provided, That such amount shall be that equivalent to 1/100 thereof in cases of paying it within one week after the payment period expires;
2. In cases of paying it later than one month after the period of payment expires: Amount calculated by adding the additional dues referred to in the main sentence of subparagraph 1 to the additional dues equivalent to 1/100 of the unpaid amount each time one month elapses from the date on which one month elapses after the period of payment expires.
(9) In addition to the matters provided for in paragraphs (1) through (8), detailed matters concerning the imposition and collection of additional monetary sanctions and additional dues shall be determined by the Minister of Strategy and Finance.
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 15 (Property, etc. whose Disposal is Restricted)
(1) "Important property prescribed by Presidential decree" in Article 35 (1) of the Act means any of the following property (hereafter in this Article, referred to as "important property"):
1. Real estate and appurtenances attached thereto;
2. Ships, buoys, floating piers, floating docks, and appurtenance attached thereto;
3. Aircraft;
4. Other property deemed specifically necessary by the head of a central government agency to attain the purposes of the granting of subsidies.
(2) Each subsidy program operator or indirect program operator shall record the current value and valuation of any important property specified by the Minister of Strategy and Finance in an accounting book pursuant to Article 35 (1) of the Act, and report it to the head of the relevant central government agency or the head of the relevant local government on a semiannual basis, along with the documents concerning the relevant subsidy program determined by the head of the said agency or government.
(3) The head of a central government agency and the head of a local government shall publicly announce the current status of important property pursuant to Article 35 (2) of the Act by posting it on the website, etc. of the relevant agency or government.
(4) Where the head of a central government agency orders a subsidy program operator or an indirect subsidy program operator to return a subsidy or an indirect subsidy pursuant to Article 35 (4) of the Act, he/she shall clarify the amount to be returned and the details of the calculation and notify that the subsidy program operator or indirect subsidy program operator shall pay such amount. <Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016>
(5) Where the head of a central government agency calculates the amount referred to in Article 35 (4) 2 and 3 of the Act, if the current amount of the important property reported by a subsidy program operator or an indirect subsidy program operator is deemed subsequently below the current value calculated in consideration of market conditions, etc., he/she shall have an appraisal and assessment corporation assess the current value of the relevant important property. In such cases, the cost incurred in calculating the current value of the important property may be born by the relevant subsidy program operator or indirect program operator. <Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016>
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 16 (Unrestricted Disposal of Property)
In any of the following cases, activities under the proviso to the main body of Article 35 (3) of the Act may be allowed without approval from the head of a central government agency:
1. Where a subsidy program operator returns to the State, the full amount of subsidies, in compliance with Article 18 (2) of the Act;
2. Where a period determined by the head of a central government agency in consideration of the purposes of the granting of subsidies and durable years of the relevant property has passed;
3. Where a local government acquires the relevant property with subsidies or indirect subsidies: Provided, that if it is intended to dispose of the property, the period under subparagraph 2 for which has not passed, a subsidy program operator or an indirect subsidy program consults with the head of the relevant central government agency.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 17 (Delegation of Duties)
The head of a central government agency shall delegate to the head of a government agency under his/her jurisdiction or to the head of a local government the following duties prescribed and publicly announced by the head of the relevant central government agency:
1. Receipt of applications for subsidies referred to in Article 16 (1) of the Act;
2. Decisions to grant subsidies referred to in Article 17 (1) of the Act;
3. Revocation of the decisions to grant subsidies referred to in Article 21 (1), 30 (1) and (2) of the Act;
4. Receipt of a performance report on a subsidy program or an indirect subsidy program referred to in Article 27 (1) of the Act;
5. Review of performance of a subsidy program and determinations of final amounts of subsidies referred to in Article 28 of the Act;
6. Dispositions related to the return of subsidies pursuant to Article 31 of the Act;
7. Receipt of a report and an inspection or inquiry pursuant to Article 36 of the Act.
[This Article Wholly Amended by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 17-2 (Methods for Publishing List of Names, etc.)
(1) “Matters prescribed by Presidential Decree” in the main sentence of Article 36-2 (1) of the Act:
1. Names, trade names, ages and addresses (in cases of a corporation, referring to the name, age, address of the representative, and the name and address of the corporation) of subsidy program operators, etc. subject to publication;
2. Contents of violations of subsidy program operators, etc. subject to publication;
3. Details concerning the return of subsidies and the imposition of additional monetary sanctions, due to violations committed by subsidy program operators, etc.;
4. Matters the deliberative committee on the publication of the list of names of fraudulent recipients of subsidies referred to in Article 36-2 (2) of the Act (hereinafter referred to as the “deliberative committee”) deems necessary for securing the effectiveness of publications.
(2) The head of a central government agency shall display the matters referred to in each subparagraph of paragraph (1) on its website for one year: Provided, That if any violation committed by a subsidy program operator, etc. is deemed serious, the head of the central government agency may extend the period of display within one year through a deliberation by the deliberative committee.
(3) Where the head of a central government agency intends to make publication pursuant to Article 36-2 (1), he/she shall notify, in writing, the persons included in the list of names to be published of the matters referred to in each subparagraph of paragraph (1) so as to provide them an opportunity to submit explanatory materials or state his/her opinions.
(4) “Circumstances prescribed by Presidential Decree, such as where the publication is hardly effective or inappropriate due to the death of a person included in the list to be published” in Article 36-2 (3) of the Act means any of the following cases:
1. Where a person included in the list of names to be published is dead;
2. Where a person included in the list of names to be published is judicially declared disappeared pursuant to Article 27 of the Civil Act;
3. Other cases recognized through a deliberation at the deliberative committee on publication that there is no advantage in publishing the list of names.
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 17-3 (Composition and Operation of Deliberative Committee)
(1) The deliberative committee shall be comprised of not more than nine members, including one chairperson.
(2) The Vice Minister of the relevant central government agency (referring to the vice head of the central government agency where there is no Vice Minister in such central government agency) shall be the chairperson of the deliberative committee. In such cases, the Vice Minister nominated by the head of the relevant central government agency shall be the chairperson if there are more than two Vice Ministers in such agency.
(3) The committee members shall be appointed or commissioned by the head of the relevant central government agency in consideration of their gender, etc., from among the following persons:
1. Not more than three public officials belonging to the Senior Executive Service of the relevant central government agency;
2. Not more than five civil experts with abundant professional knowledge and experience in subsidy programs.
(4) The term of office of the members commissioned by the head of a central government agency pursuant to paragraph (3) 2 shall be three years.
(5) The meeting of the deliberative committee shall be duly formed to open with the presence of a majority of the members and any decision thereof shall require the concurring vote of a majority of those present.
(6) Article 6-3 (5) shall apply mutatis mutandis to the removal and dismissal of the members of the deliberative committee. In such cases, the ”Minister of Strategy and Finance” shall be deemed as the “head of the relevant central government agency.”
(7) In addition to the matters provided for in paragraphs (1) through (6), matters necessary for the composition and operation of the deliberative committee shall be determined by the head of the relevant central governmental agency though a resolution made by the deliberative committee.
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
 Article 18 (Payment of Monetary Rewards)
(1) If a report or an accusation is filed pursuant to Article 39-2 (1) of the Act, the head of a central government agency shall determine whether a monetary reward will be granted after verifying the details of the report or accusation, and shall give notice thereof to the informant or complainant. In such cases, notice to the informant or complainant shall be given after an order to return subsidies has been issued pursuant to Article 31 (1) of the Act. <Amended by Presidential Decree No. 27113, Apr. 28, 2016>
(2) The head of a central government agency shall pay a monetary reward to an informant or complainant within 60 days after giving notice under paragraph (1) and its payment standard shall be within 30 percent of the amount ordered to be returned but shall not exceed 200 million won. <Amended by Presidential Decree No. 27113, Apr. 28, 2016>
(3) After a report or an accusation has been filed pursuant to Article 39-2 (1) of the Act, no monetary reward shall be paid to a person who files a report or an accusation on the same content. If at least two persons file a joint report or accusation, a monetary reward shall be paid to a designated representative.
(4) Except as otherwise provided for in paragraphs (1) through (3), matters necessary for standards, methods, procedures, etc. for the payment of monetary rewards shall be determined by the Minister of Strategy and Finance.
[This Article Newly Inserted by Presidential Decree No. 23264, Oct. 26, 2011]
 Article 19 (Management of Personally Identifiable Information)
The head of a central government agency (where the relevant authority is delegated, the person delegated with such authority is included) or the head of a local government may, if inevitable to perform the following affairs, manage data containing resident registration numbers, passport numbers or foreigner registration numbers referred to in Article 19 of the Enforcement Decree of the Personal Information Protection Act: <Amended by Presidential Decree No. 28011, May 8, 2017>
1. Affairs concerning the establishment, operation and management of the integrated subsidy management network, and the management of subsidies by using such network;
2. Affairs concerning the return of subsidies referred to in Article 31 of the Act;
3. Affairs concerning exclusion from execution of subsidy programs referred to in Article 31-2 of the Act;
4. Affairs concerning withdrawal of subsidies from subsidy recipients referred to in Article 33 of the Act;
5. Affairs concerning the imposition and collection of additional monetary sanctions and additional dues referred to in Article 36-2 of the Act;
6. Affairs concerning compulsory collection referred to in Article 33-3 of the Act;
7. Affairs concerning restrictions on disposal of property referred to in Article 35 of the Act;
8. Affairs concerning the publication of the list of names, etc. referred to in Article 36-2 of the Act;
9. Affairs concerning the payment of monetary rewards for reporting referred to in Article 39-2 of the Act.
[This Article Newly Inserted by Presidential Decree No. 27113, Apr. 28, 2016]
ADDENDUM
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 12400, Feb. 24, 1988>
This Decree shall enter into force on the date of its promulgation, but it shall take effect on January 1, 1988.
ADDENDA <Presidential Decree No. 13063, Aug. 8, 1990>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Article 2 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.
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 15188, Dec. 31, 1996>
This Decree shall enter into force on the date of its promulgation, but it shall begin to take effect from the 1997 budget.
ADDENDUM <Presidential Decree No. 15265, Feb. 1, 1997>
(1) (Enforcement Date) This Decree shall enter into force on February 1, 1997.
(2) Omitted.
ADDENDA <Presidential Decree No. 15703, Feb. 28, 1998>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDA <Presidential Decree No. 16326, May 24, 1999>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 16523, Aug. 7, 1999>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 16682, Dec. 31, 1999>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2000.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 16923, Jul. 27, 2000>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 17057, Dec. 29, 2000>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall take effect, beginning with the budget for fiscal year 2000.
ADDENDUM <Presidential Decree No. 19030, Aug. 31, 2005>
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 19481, May 22, 2006>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 19513, Jun. 12, 2006>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 1, 2006.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 20003, Apr. 12, 2007>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDUM <Presidential Decree No. 20491, Dec. 28, 2007>
This Decree shall enter into force on January 1, 2008.
ADDENDA <Presidential Decree No. 20548, Jan. 15, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 18, 2008.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 20720, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 8 Omitted.
ADDENDUM <Presidential Decree No. 20989, Sep. 8, 2008>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 21214, Dec. 31, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 21277, Jan. 28, 2009>
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 21450, Apr. 30, 2009>
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 22831, Apr. 4, 2011>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 23264, Oct. 26, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on October 26, 2011.
Article 2 Omitted.
Article 3 (Relationship to other Statutes)
A citation of the Previous Enforcement Decree of the Act on the Budgeting and Management of Subsidies or provisions thereof by any other statute in force at the time this Decree enters into force shall be deemed a citation of this Decree or the corresponding provisions of this Decree in lieu of the previous provisions.
ADDENDA <Presidential Decree No. 23356, Dec. 8, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 8, 2011. (Proviso Omitted.)
Article 2 Omitted.
ADDENDA <Presidential Decree No. 23842, Jun. 7, 2012>
Article 1 (Enforcement Date)
This Decree shall enter into force on June 8, 2012.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 24890, Dec. 4, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 5, 2013. (Proviso Omitted.)
Articles 2 through 8 Omitted.
ADDENDUM <Presidential Decree No. 25114, Jan. 28, 2014>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 25478, Jul. 16, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 17, 2014.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 25781, Nov. 28, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 29, 2014. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 25918, Dec. 30, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 26428, Jul. 24, 2015>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 27113, Apr. 28, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on April 29, 2016: Provided, That the amended provisions of Article 11-2 shall enter into force on June 1, 2017.
Article 2 (Applicability to Notification of Order to Return Subsidy)
The amended provisions of Article 14 shall apply beginning from the first case where a subsidy program operator or indirect subsidy operator orders a subsidy recipient to return the subsidy or indirect subsidy after this Decree enters into force.
Article 3 (Applicability to Basic Subsidy Rates, etc.)
The amended provisions of attached Table 1 concerning the scope of programs eligible for subsidies and their basic subsidy rates shall apply beginning from the fiscal year to which the enforcement date of this Decree belongs.
Article 4 (Transitional Measures concerning Monetary Rewards for Reporting)
Notwithstanding the amended provisions of Article 18 (1) and (2), the former provisions thereof shall govern where a reporting or accusation of any violation committed before this Decree enters into force is filed with the relevant administrative agency or investigation agency.
Article 5 Omitted.
Article 6 (Relation with other Statutes)
References in other Acts and subordinate statutes to the former provisions at the time this Decree enters into force shall be deemed to refer to the provisons corresponding to such former provisions in this Decree, if there are any such corresponding provisions in this Decree.
ADDENDA <Presidential Decree No. 27427, Aug. 2, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 4, 2016.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 27543, Oct. 18, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2017.
Article 2 (Applicability Concerning Deposit of Subsidies)
The amended provisons of Article 7-2 shall apply beginning from the first case where a subsidy or an indirect subsidy is granted after this Decree enters into force.
ADDENDA <Presidential Decree No. 28011, May 8, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That the amended provisions of Article 11-2 of the Partial Amendments to the Enforcement Decree of the Subsidy Management Act (Presidential Decree No. 27113) shall enter into force on June 1, 2017.
Article 2 (Applicability to Basic Subsidy Rates)
The amended provisions of subparagraph 112 of attached Table 1 shall apply beginning from the fiscal year to which the enforcement date of this Decree belongs.