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PUBLIC SERVICE ETHICS ACT

Act No. 3520, Dec. 31, 1981

Amended by Act No. 3993, Dec. 4, 1987

Act No. 4017, Aug. 5, 1988

Act No. 4408, Nov. 30, 1991

Act No. 4566, jun. 11, 1993

Act No. 4739, Mar. 16, 1994

Act No. 4853, Dec. 31, 1994

Act No. 5108, Dec. 29, 1995

Act No. 5454, Dec. 13, 1997

Act No. 5493, Dec. 31, 1997

Act No. 5491, Dec. 31, 1997

Act No. 5681, Jan. 21, 1999

Act No. 6087, Dec. 31, 1999

Act No. 6306, Dec. 29, 2000

Act No. 6388, Jan. 26, 2001

Act No. 6494, Jul. 24, 2001

Act No. 6861, Mar. 12, 2003

Act No. 7189, Mar. 12, 2004

Act No. 7335, Jan. 14, 2005

Act No. 7493, May 18, 2005

Act No. 7796, Dec. 29, 2005

Act No. 7849, Feb. 21, 2006

Act No. 8098, Dec. 28, 2006

Act No. 8435, May 17, 2007

Act No. 8635, Aug. 3, 2007

Act No. 8852, Feb. 29, 2008

Act No. 8863, Feb. 29, 2008

Act No. 8872, Feb. 29, 2008

Act No. 9356, Jan. 30, 2009

Act No. 9402, Feb. 3, 2009

Act No. 9617, Apr. 1, 2009

Act No. 10148, Mar. 22, 2010

Act No. 10465, Mar. 29, 2011

Act No. 10982, Jul. 29, 2011

Act No. 11141, Dec. 31, 2011

Act No. 11530, Dec. 11, 2012

Act No. 11690, Mar. 23, 2013

Act No. 11845, May 28, 2013

Act No. 11873, jun. 7, 2013

Act No. 12946, Dec. 30, 2014

Act No. 13695, Dec. 29, 2015

Act No. 13722, Jan. 6, 2016

Act No. 13796, Jan. 19, 2016

Act No. 14609, Mar. 21, 2017

Act No. 14839, Jul. 26, 2017

CHAPTER I GENERAL PROVISIONS
 Article 1 (Purpose)
The purpose of this Act is to contribute to the establishment of the ethics of public officials as servants of citizens by preventing conflict of public and private interests through the prevention from acquiring unlawful property and the securing of the fairness in the execution of their official duties by institutionalizing the registration of property, the disclosure of registered property, and the vindication of the way to acquire property of public officials and candidates for public offices, and by prescribing matters necessary for the regulation of property acquisition by public officials who take advantage of their public office, a report on gifts and blind trust of the stocks by public officials, and restrictions, etc. on the employment and acts of retired public officials. <Amended by Act No. 10982, Jul. 29, 2011>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 2 (Livelihood Guarantee, etc.)
The State shall guarantee the livelihood of public officials so as to enable them to devote themselves to public service, and shall strive for establishing ethics in public service.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 2-2 (Obligation to Prevent Conflict of Interests)
(1) The State and local governments shall strive to promote the smooth progress in the performance of duties of public officials in relation with their property interests, so as not to cause any difficult situation in their fair performance of duties.
(2) Public officials shall appropriately and faithfully perform their duties with a preference of public interests, so as not to cause any difficult situation in the fair performance of their duties in relation with their property interests.
(3) No public official shall pursue private interests or grant illegal preferential benefits to any individual, institution or organization using his or her public position, and shall unfairly use the information acquired during his or her incumbency for private purposes or have another person use such information unlawfully. <Newly Inserted by Act No. 10982, Jul. 29, 2011>
(4) Retired public officials shall endeavor not to obstruct a situation where public officials in active service carry out their duties in a fair manner. <Newly Inserted by Act No. 10982, Jul. 29, 2011>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
CHAPTER II REGISTRATION AND DISCLOSURE OF PROPERTY
 Article 3 (Persons Liable for Registration)
(1) Any of the following public officials (hereinafter referred to as "person liable for registration") shall register his/her property, as prescribed by this Act: <Amended by Act No. 9402, Feb. 3, 2009; Act No. 10982, Jul. 29, 2011; Act No. 11530, Dec. 11, 2012; Act No. 11690, Mar. 23, 2013; Act No. 12946, Dec. 30, 2014; Act No. 13695, Dec. 29, 2015; Act No. 14839, Jul. 26, 2017>
1. State public officials in political service, such as the President, the Prime Minister, members of the State Council, and members of the National Assembly;
2. Public officials in political service of local governments, such as the heads of local governments, and members of local councils;
3. State public officials of Grade I in general service (including public officials in general service of the Senior Executive Service who are appointed to position of the highest class of duty assigned under Article 23 of the State Public Officials Act) and local public officials, and public officials in extraordinary civil service who receive remuneration equivalent thereto (including public officials in special service of the Senior Executive Service);
4. Diplomatic public officials prescribed by Presidential Decree, personnel of at least Grade IV of the National Intelligence Service, and public officials in security service of the Presidential Security Service;
5. Judges and public prosecutors;
6. Constitutional research officers in the Constitutional Court;
7. Military officers of at least the rank of colonel, and military civilian employees in the equivalent ranks;
8. Presidents and vice presidents of universities, presidents of graduate schools, deans (including deans of universities), presidents of junior colleges and heads of various schools equivalent to universities and colleges, and superintendents of the offices of education and heads of district offices of education of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces among public officials in the educational service;
9. Police officers of at least the rank of police superintendent (including self-governing police superintendent), and public officials in fire-fighting service of at least the rank of national or local fire-fighting superintendents;
10. Public officials in a fixed term position as prescribed in Article 26-5 of the State Public Officials Act and Article 25-5 of the Local Public Officials Act, who are appointed to positions that make it eligible for them as public officials referred to in subparagraphs 3 through 7 and 9, or to positions equivalent thereto;
11. Heads, deputy directors, standing directors, and standing auditors of public enterprises established under the Act on the Management of Public Institutions (hereinafter referred to as "public enterprises"); governor, senior deputy governor, and auditor of the Bank of Korea; recommended members of the Monetary Policy Committee; governor, senior deputy governors, deputy governors, and auditor of the Financial Supervisory Service; and presidents and standing auditors of the National Agricultural Cooperative Federation and the National Federation of Fisheries Cooperatives;
12. Executive officers of public service-related organizations referred to in Article 3-2 (hereinafter referred to as "public service-related organization");
13. Other public officials in specified fields and personnel of public service-related organizations prescribed by the National Assembly Regulations, National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, and Presidential Decree.
(2) Deleted. <by Act No. 4566, Jun. 11, 1993>
 Article 3-2 (Public Service-Related Organizations)
(1) The Public Service Ethics Committee of the Government referred to in Article 9 (2) 8 may designate the following institutions or organizations as public service-related organizations in consideration of the scale of financial support provided by of the Government or local governments, methods of appointing their executive officers, and other relevant matters: <Amended by Act No. 12946, Dec. 30, 2014>
1. The Bank of Korea;
2. Public enterprises;
3. Institutions and organizations receiving investments, contributions, or subsidies (including re-investments and re-contributions) from the Government, and other institutions and organizations performing tasks entrusted by the Government, or performing such tasks on behalf of the Government;
4. Institutions and organizations receiving investments, contributions, or subsidies (including re-investments and re-contributions) from local government-invested public corporations and local government public corporations established under the Local Public Enterprises Act, and other institutions and organizations performing tasks entrusted by local governments, or performing such tasks on behalf of local governments;
5. Institutions and organizations which requires approval, consent, and recommendations of, agreement with, etc. the head of a central administrative agency or the head of a local government when appointing their executive officers, or their executive officers are appointed, named, and commissioned by the head of a central administrative agency or the head of a local government.
(2) Criteria and procedures for the designation of public service-related organizations referred to in paragraph (1), and other necessary matters, shall be prescribed by Presidential Decree.
[This Article Newly Inserted by Act No. 9402, Feb. 3, 2009]
 Article 4 (Property to be Registered)
(1) The property to be registered by a person liable for registration, means the property of any of the following persons (including the property in de facto possession, regardless of the name of its owner, property contributed to a nonprofit corporation, and property located in a foreign country; hereinafter the same shall apply): <Amended by Act No. 10982, Jul. 29, 2011>
1. A person liable for registration;
2. Spouse (including any person in a de facto matrimonial relationship; hereinafter the same shall apply);
3. Lineal ascendants and descendants of a person liable for registration: Provided, That excluded herefrom, are married daughters who are lineal descendants of the person liable for registration, maternal great-grandparents, maternal grandparents, and children and grandchildren of daughters.
(2) The property to be registered by a person liable for registration is as follows:
1. The ownership, superficies, and rights of lease on a deposit basis pertaining to real estate;
2. Mining rights, fishery rights, and other rights to which the provisions concerning real estate apply mutatis mutandis;
3. The following movables, securities, claims, debts, and intellectual property rights:
(a) Cash (including checks) in an amount of at least ten million won in total for each owner;
(b) Deposits in an amount of at least ten million won in total for each owner;
(c) Securities, such as stocks, national bonds, public bonds, and debentures, worth at least ten million won in total for each owner;
(d) Claims worth at least ten million won in total for each owner;
(e) Debts worth at least ten million won in total for each owner;
(f) Gold and platinum (including gold products and platinum products) worth at least five million won in total for each owner;
(g) Jewelry worth at least five million won per item;
(h) Curios and works of art worth at least five million won per item;
(i) Memberships worth at least five million won per membership;
(j) Intellectual property rights yielding annual returns of at least ten million won for each owner;
(k) Motor vehicles, construction machines, vessels, and aircraft;
4. Shares of investment in unlimited partnerships, limited partnerships, and limited-liability companies;
5. Stock options.
(3) The methods of calculating and indicating the value of each type of property to be registered under paragraph (1), shall be as follows: <Amended by Act No. 11845, May 28, 2013; Act No. 13796, Jan. 19, 2016>
1. In cases of land, officially-assessed individual land prices announced under the Act on the Public Announcement of Real Estate Values (if no officially-assessed individual land price is available for the pertinent land, this refers to the amount calculated, based on the land price announced pursuant to Article 8 of the same Act) or actual market prices;
2. In cases of housing, prices officially announced under Articles 16, 17, and 18 of the Act on the Public Announcement of Real Estate Values or the actual market prices;
3. In cases of commercial buildings, buildings, officetels, and other real estate, an aggregate of the building sites calculated, based on the individual land prices officially announced under the Act on the Public Announcement of Real Estate Values (if no individual land price is available for the pertinent land, this refers to the amount calculated, based on the land price officially announced under Article 8 of the same Act) and the value of buildings calculated, based on the highest price, out of the official values publicly announced by the State or the local governments (where information about its acquisition value is available, such value shall also be included) or the actual market prices;
4. In cases of the right to which the provisions concerning real estate apply mutatis mutandis, the actual market price, the value appraised by an expert, etc. and the details of kind, quantity, content, etc.;
5. In cases of cash, deposits, claims, and debts, the amounts thereof;
6. In cases of securities, such as State bonds, public bonds, or debentures, the face value thereof;
7. In cases of stock shares listed in an Exchange permitted under the Financial Investment Services and Capital Markets Act and over-the-counter stocks referred to in Article 166 of the Financial Investment Services and Capital Markets Act that are traded by any means similar to the securities market, the final prices quoted on the base date of property registration (if the Korea Exchange is closed prior to the base date of property registration, the final prices on such closing date: Provided, That in cases of over-the-counter stocks referred to in Article 166 of the Financial Investment Services and Capital Markets Act that are traded by any means similar to the securities markets, this refers to the transaction price prescribed by Presidential Decree), and in cases of stocks other than these, the face value thereof;
8. In cases of shares of investment in any limited partnership, unlimited partnership, or limited-liability company, the value of the investment, the equity ratio, and the annual sales of such partnership or corporation during the most recent business year;
9. In cases of gold and platinum (including gold products and platinum products), the actual market prices or the market prices as at the date of reporting thereon, and the kinds, contents, and weights;
10. In cases of jewelry, the actual market prices or the value appraised by an expert, etc., and the details of kinds, sizes, colors, etc.;
11. In cases of curios and works of art, the actual market prices or the values appraised by experts, etc. taking into account the sizes and artists and the details of kinds, sizes, artists and manufacturing dating;
12. In cases of memberships, the amount paid for acquisition: Provided, That the standard market price calculated under the Income Tax Act or the actual market price shall apply to golf memberships;
13. In cases of motor vehicles, construction machines, vessels, and aircraft, the values appraised by experts, etc. taking into account the actual market prices, the depreciation, etc., and the details of the types, year of manufacture, manufacturing companies, registration numbers, etc;
14. In cases of stock options, the details of the kinds and quantity of shares to be issued, conditions of exercising suck stock options, such as option prices and option period, and the current market prices of shares to be issued.
(4) The methods of calculating and indicating the value of any property to be registered, other than those prescribed in paragraph (3), and other matters necessary for registration, shall be prescribed by Presidential Decree.
(5) Persons liable for registration may specify information regarding the property referred to in paragraph (2), such as the date of acquisition, how they acquired such property, and the sources of income by owner, or may submit explanatory materials.
(6) Among the property to be registered under paragraph (1), the following property shall be indicated separately from other property to be registered: <Amended by Act No. 12946, Dec. 30, 2014>
1. Property contributed to a nonprofit corporation. In such cases, the position held by the relevant person liable for registration in such corporation shall be specified;
2. Deposits in a bank account to receive and expend political funds referred to in subparagraph 1 of Article 3 of the Political Funds Act.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 5 (Registration Agencies, Timing for Registration, etc. of Property)
(1) Every public official shall register the property owned by him/her as at the date he/she becomes liable for registration with any of the following agencies (hereinafter referred to as "registration agency") not later than the end of the month that is two months after the date he/she becomes liable for registration: Provided, That this shall not apply where he/she is exempt from the liability for registration by the end of the month that is two months after the date he/she becomes liable for registration, and if a person exempt from the liability for registration due to transfer, demotion, degradation, or retirement, re-becomes liable for registration within three years (or one year in cases of retirement), he/she may file a report on any change in his/her property after such transfer, demotion, degradation, or retirement, or filing a report on changes in property under Article 11 (1) in lieu of registration of property: <Amended by Act No. 10982, Jul. 29, 2011; Act No. 11690, Mar. 23, 2013; Act No. 12844, Nov. 19, 2014; Act No. 13695, Dec. 29, 2015>
1. In cases of members of the National Assembly or other public officials of the National Assembly: National Assembly Secretariat;
2. In cases of judges or other public officials of courts: National Court Administration;
3. In cases of the president, justices, or public officials of the Constitutional Court: Department of Court Administration;
4. In cases of public officials of the National Election Commission or other election commissions: Secretariat of the National Election Commission;
5. In cases of public officials of the Ministries and Administrations of the Government (including administrative agencies, such as the committees prescribed by Presidential Decree; hereinafter the same shall apply): Pertinent Ministries and Administrations;
6. In cases of public officials of the Board of Audit and Inspection: Secretariat of the Board of Audit and Inspection;
7. In cases of public officials of the National Intelligence Service: National Intelligence Service;
8. In cases of public officials of local governments: Pertinent local government;
9. In cases of members or public officials of local councils: Pertinent local council;
10. In cases of public officials of educational offices of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces: Pertinent educational offices of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces;
11. Deleted; <by Act No. 13695, Dec. 29, 2015>
12. In cases of executive officers or employees of public service-related organizations: Ministries or Administrations exercising supervision over such organizations: Provided, That executive officers or employees of public service-related organizations under the supervision of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces, and Sis/Guns/Gus (referring to autonomous Gus; hereinafter the same shall apply) shall file registration with the pertinent Special Metropolitan City, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces, and Sis/Guns/Gus;
13. Other persons liable for registration, and public officials of Ministries or Administrations of the Government, the Board of Audit and Inspection, and the National Intelligence Service, and executive officers of public service-related organizations, whose registered property shall be disclosed to the public under Article 10 (1), notwithstanding subparagraphs 5 through 7, and the main sentence of subparagraph 12: Ministry of Personnel Management.
(2) In cases falling under the proviso to paragraph (1), if a new registration agency is different from the former registration agency, the head of the former registration agency shall transfer documents pertaining to the property registration to the head of a new registration agency within one month after a person exempt from liability for registration due to transfer, etc., re-becomes liable for registration. This shall also apply where the registration agency is changed without a person liable for registration being exempt from liability for registration due to transfer, etc.
(3) Where it is impracticable for a registration agency, among those referred to in paragraph (1) 5, to handle registration due to a huge number of persons liable for registration of property, the registration agency may designate any of its subordinate organizations as a registration agency, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 6 (Reporting on Changes)
(1) Any person liable for registration shall file a report with a registration agency matters on any change in property which occurs between January 1 and December 31 each year, not later than the end of February of the following year: Provided, That if a person files the first report on changes, after filing the first registration or report as prescribed in Article 5 (1), the person shall file a report with a registration agency, on changes occurring up until December 31 of the corresponding year from the date he/she becomes liable for registration.
(2) If a person liable for registration retires from his/her office, the person shall file a report with a registration agency having jurisdiction over him/her as at the time of his/her retirement, on any changes in his/her property occurring from January 1 of the corresponding year (if he/she becomes liable for registration after January 1, the date he/she becomes liable for registration) to the date of retirement, not later than the end of the month in which the two-month period from the date of retirement, falls: Provided, That if such person re-becomes liable for registration not later than the end of the month in which the two-month period from the date of retirement, falls, he/she may file a report on changes under paragraph (1) in lieu of the abovementioned report. <Amended by Act No. 13695, Dec. 29, 2015>
(3) If a person is required to report changes in his/her property pursuant to paragraph (1) within three months from the date he/she becomes liable for registration, the person may file a report on changes in his/her property from the date he/she becomes liable for registration to December 31 of the corresponding year when filing a report on changes in his/her property in the following year or on changes relating to retired persons referred to in paragraph (2); and if a person liable for registration retires from his/her office during January or February, the changes referred to in paragraph (1), may be included in a report on the changes relating to retired persons referred to in paragraph (2). <Amended by Act No. 13695, Dec. 29, 2015>
(4) Paragraph (2) shall apply mutatis mutandis to a person liable for registration referred to in Article 3 (1) 11 through 13 who is exempt from the liability for registration because the agency or organization with which he/she is affiliated, is excluded from the public services-related organizations.
(5) through (7) Deleted. <by Act No. 13695, Dec. 29, 2015>
(8) A report filed under paragraphs (1) and (2) shall be accompanied by any materials to clearly explain and justify the cause of increase or decrease of property, such as a sales contract or receipts (including copies thereof), or the grounds for such increase or decrease shall be specified in such report.
(9) Deleted. <by Act No. 13695, Dec. 29, 2015>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 6-2 (Reporting on Details of Stock Trade)
(1) A person liable for registration who is subject to the disclosure of his/her property under each subparagraph of Article 10 (1) shall report to the registration agency the details of stock trades pertaining to acquisition or transfer of stocks by those falling under any of the subparagraphs of Article 4 (1), at the time of reporting on the changes in property under Article 6 or 11 (1).
(2) Matters necessary for the scope of stock trading to be reported and the method of report at the time of reporting on the details of stock trade under paragraph (1), shall be prescribed by Presidential Decree.
(3) The report on the details of stock trades under paragraph (1) shall not be open to the public.
(4) Articles 8, 8-2, 12 through 14 and 14-3 shall apply mutatis mutandis to the report under paragraph (1) and the examination and management of reported matters.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 6-3 (Deferment of Reporting on Changes, etc.)
(1) Where a person liable for registration applies for deferred filing of a report on changes on any of the following grounds, the head of a registration agency may defer filing of a report on changes under Article 6 (1) or 11 (1) for a period not exceeding three years:
1. Where the person is sent to a foreign country for dispatched services under the provisions of Acts and subordinate statutes;
2. Where the person is suspended from duty under the provisions of Acts and subordinate statutes;
3. Where the person is to serve at an overseas mission or office;
4. Where his/her case constitutes grounds prescribed by Presidential Decree.
(2) Where any of the following applies to a person liable for registration, the head of a registration agency may defer filing of a report on changes or may exempt the person from filing a report on changes under Article 6 or 11, subject to resolution of the public service ethics committee established under Article 9 (1) (hereinafter referred to as "public service ethics committee"). In such cases, the head of the registration agency shall manage the list of persons granted the deferment or exemption, the grounds therefor, etc.: <Amended by Act No. 13695, Dec. 29, 2015>
1. Where it is deemed inappropriate to file a report due to detention, etc.;
2. Where his/her whereabouts are unknown due to disappearance, etc.;
3. Where it is deemed inappropriate to file a report practically, on any of the grounds equivalent to subparagraphs 1 and 2.
(3) A person liable for registration allowed to file a deferred report on changes under paragraph (1) or (2), shall file a report on changes in his/her property after the final registration of property or the report on changes, by the end of the month in which the two-month period from the date the relevant grounds for deferment cease to exist, falls. <Amended by Act No. 13695, Dec. 29, 2015>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 6-4 (Scope and Contents of Report on Changed Matters)
The scope and contents of changed matters in property, which have to be reported pursuant to Article 6 (1) and (2), shall be as follows:
1. The changed matters in property falling under Article 4 (2) 1 and 2 and changed matters in golf memberships falling under Article 4 (3) 12 due to their transactions and donations or the disclosure of the published prices, etc.: Provided, That where they are traded by means of sale and purchase, their actual market prices shall be reported, and where it is impossible to confirm the actual market prices due to their donations or no transaction thereof exists during the relevant year, the changed amount in the published prices shall be reported and where the changed amount in the published prices is lower than the actual market prices which have been already reported, no report thereon shall be made;
2. The changed matters in the kinds, quantity, amount, etc. of property falling under Article 4 (2) 3: Provided, That a change in the amount of property falling under Article 4 (2) 3 (g) and (h) shall not be reported, although a change in the amount exists when no transactions exist during the period of registration under Article 6 (1) and (2);
3. With respect to the property contributed to a non-profit corporation pursuant to Article 4 (1) and (6), the details of the contributed property, the name of the non-profit corporation, the location of its principal office, the name of its representative, its main business, other details of such non-profit corporation and changed matters in the position of the person liable for registration in such non-profit corporation.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 6-5 (Provision, Utilization, etc. of Information on Financial Transactions and Real Estate)
(1) If a person liable for registration makes a request because it is necessary for filing a registration or report under Articles 5 (1), 6 (1) and (2), 10 (2), and 11 (1) (hereafter referred to as "fling a registration or report of property" in this Article), a public service ethics committee may request the head of a financial institution to submit data on the balance of financial transactions (including data on the remaining loan balance among credit information; hereafter the same shall apply in this Article) via the information and communications network defined in Article 2 (1) 1 of the Act on Promotion of Information and Communications Network Utilization and Information Protection, Etc. (hereinafter referred to as "information and communications network") with the consent of the titleholder, notwithstanding Article 4 of the Act on Real Name Financial Transactions and Confidentiality and Article 33 of the Credit Information Use and Protection Act, and the head of that financial institution shall submit data within 20 days via the information and communications network. In such case, the head of the financial institution need not notify the titleholder of the fact that data on the balance of financial transactions is provided, if the titleholder consents thereto, notwithstanding Article 4-2 of the Act on Real Name Financial Transactions and Confidentiality and Article 35 of the Credit Information Use and Protection Act.
(2) If a person liable for registration requests a public service ethics committee to provide data on the real estate held and registered, and tax data (including data on cadastre, construction and housing; hereinafter the same shall apply), with the consent of the titleholder, in order to file a registration or report of property, the public service ethics committee may request the heads of central administrative agencies, local governments, public service-related organizations, or other public institutions to submit the relevant data via the information and communications network, notwithstanding Article 18 of the Personal Information Protection Act. In such case, the head of an institution in receipt of a request shall comply therewith within 20 days via the information and communications network.
(3) A public service ethics committee shall provide a person liable for registration with the data on the balance of financial transactions requested under the forepart of paragraph (1) and the data on the real estate held and registered and tax data requested under paragraph (2) by 15 days before the deadline for filing a registration or report of property.
(4) A public service ethics committee may utilize the data on the balance of financial transactions referred to in the forepart of paragraph (1) and the data on the real estate held and registered, and tax data referred to in paragraph (2) for examining the registered matters, notwithstanding Article 4 of the Act on Real Name Financial Transactions and Confidentiality, Article 33 of the Credit Information Use and Protection Act and Article 18 of the Personal Information Protection Act.
(5) Public service ethics committees referred to in the subparagraphs (excluding subparagraph 8) of Article 9 (2) may entrust a request for data they have received under paragraphs (1) and (2) to the public service ethics committee in the Government, which may request the heads of relevant institutions to submit data on the relevant titleholder.
(6) Matters necessary for requesting data and for obtaining consent thereto, etc. under paragraphs (1) and (2), shall be prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations or Presidential Decree.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
 Article 7 (Extension of Time Limit for Registration)
Where a person liable for registration (including retired public officials prescribed in Article 6 (2); hereinafter the same shall apply in Articles 8, 10, 12, 13 and 24) requests an extension of the time limit for property registration (including a report; hereinafter the same shall also apply) for any unavoidable reason, the head of the registration agency may extend the time limit for registration for all or part of the property, if the reason is deemed appropriate. In such cases, the person liable for registration shall make the registration within the extended time limit.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 8 (Examination of Registered Matters)
(1) Every public service ethics committee shall examine the registered matters.
(2) If a public service ethics committee discovers that a person liable for registration has partially omitted the property to be registered, by negligence, or has wrongly state the aggregate value of the property to be registered, the public service ethics committee may order the person liable for registration to supplement the property registration papers within the prescribed period.
(3) If necessary for the examination under paragraph (1), any public service ethics committee may request materials from any person liable for registration, make written inquires, or conduct any investigation for verifying facts. In such cases, the public service ethics committee shall give the person liable for registration an opportunity to present materials for explanation or vindication.
(4) Any public service ethics committee may request the head of a government agency, local government, public service-related organization, or other public institution to submit a report or materials necessary for the examination under paragraph (1). In such cases, the head of the agency, government, institution, or organization shall not refuse to submit a report or materials, notwithstanding the provisions of other Acts.
(5) Notwithstanding Article 4 of the Act on Real Name Financial Transactions and Confidentiality and Article 33 of the Credit Information Use and Protection Act, any public service ethics committee may request the head of a financial institution to submit data on the details of financial transactions, if deemed necessary to ascertain the details of any financial transaction (including the credit information; hereinafter the same shall apply) for the examination under paragraph (1). Such request shall be made in writing or via the information and communications network, specifying the personal matters, in compliance with the criteria prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree, and any person who works for the financial institution shall not refuse such request. <Amended by Act No. 9617, Apr. 1, 2009>
(6) A public service ethics committee may demand attendance of any person liable for registration and his/her spouse, lineal ascendants and descendants, and interested persons in matters of property registration, and may ask them to make statements.
(7) If a person liable for registration has a substantial suspicion of having filed a false registration or having acquired property or economic benefits utilizing confidential information he/she has become aware of in the course of performing his/her duties, based on the findings from the examination conducted under paragraph (1), a public service ethics committee shall request the Minister of Justice (or the Minister of National Defense in the case of military personnel or military civilian employees) to investigate that person, along with evidentiary documents within the prescribed period.
(8) Upon receipt of a request for an investigation under paragraph (7), the Minister of Justice or the Minister of National Defense shall authorize a public prosecutor or military prosecutor to conduct an investigation without delay, and notify the relevant public service ethics committee of the findings from such investigation. <Amended by Act No. 13722, Jan. 6, 2016>
(9) The provisions concerning criminal investigations of statutes governing criminal procedure (including the Military Court Act) shall apply mutatis mutandis to the investigation conducted by public prosecutors or military prosecutors under paragraph (8): Provided, That this shall not apply to the provisions concerning the restraint of personal liberty. <Amended by Act No. 13722, Jan. 6, 2016>
(10) A public service ethics committee shall finish examining all public officials subject to disclosure of property, within three months after the registered matters under Article 5 (1) or the changes reported under Article 6 are disclosed under Article 10 (1): Provided, That the public service ethics committee may extend the period of examination by up to three months subject to its resolution, where deemed necessary.
(11) A public service ethics committee may entrust the head of a registration agency or other related agency with an examination of registered matters for persons liable for registration, other than those subject to disclosure of property, and the head of the entrusted agency shall report the findings from the examination to that public service ethics committee.
(12) Paragraphs (2) through (9) shall apply mutatis mutandis to the entrustment of examinations under paragraph (11). In such cases, approval shall be obtained the competent public service ethics committee to request data on the details of financial transactions under paragraph (5), or an investigation under paragraph (7).
(13) If necessary to examine the matters concerning the property registered by a person subject to disclosure referred to in each subparagraph of Article 10 (1), or a candidate for election to the public office referred to in Article 10-2, etc., a public service ethics committee may require such person or candidate to vindicate, by each owner of the property registered pursuant to Article 4, the date of acquisition of such property, background for such acquisition, and the income sources to acquire such property, etc. (hereafter referred to as "process of acquiring property" in this Article). In such case, the person requested to vindicate the process of acquiring their property, shall submit evidentiary data on the vindication for the past three years from the base date for registration of his/her property.
(14) No one requested to vindicate the process of acquiring property and to submit data pursuant to paragraph (13) shall refuse such request, unless good cause exists.
(15) Matters necessary to vindicate the process of acquiring property and to submit evidentiary data under paragraphs (13) and (14) shall be prescribed by Presidential Decree.
(16) A public service ethics committees may entrust the public service ethics committee in the Government referred to in Article 9 (2) 8 with a request for data under paragraphs (4) and (5), and the public service ethics committee in the Government may request the head of a relevant institution to provide data on the relevant titleholder. In such case, expenses incurred in relation to the business affairs prescribed in Article 4-2 of the Act on Real Name Financial Transactions and Confidentiality and Article 35 of the Credit Information Use and Protection Act, shall be borne by the public service ethics committee that entrusts such affairs. <Newly Inserted by Act No. 13695, Dec. 29, 2015>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 8-2 (Measures Taken Based on Findings from Examinations)
(1) A public service ethics committee shall take any of the following measures upon discovering, by its examination of the registered matters under Article 8 (including a reexamination under Article 9-2), that a person liable for registration has falsely recorded, omitted, or erroneously reported, by gross negligence, any piece of property to be registered, or has acquired property or economic benefits utilizing confidential information he/she has become aware of in the course of performing his/her duties: <Amended by Act No. 13695, Dec. 29, 2015>
1. Warning and corrective measures;
2. Imposing an administrative fine under Article 30;
3. Publishing falsely registered matters in an advertisement of daily newspapers;
4. Requesting a decision on dismissal or discipline (including removal from office).
(2) In determining whether gross negligence referred to in paragraph (1) exists, the scale, kind and value of the registered property and the omitted property as well as an explanation as to why it is omitted or erroneously reported, shall be fully taken into consideration.
(3) A public service ethics committee may take the measures referred to in paragraph (1) 3 together with any of the measures referred to in each subparagraph of paragraph (1).
(4) Upon taking any of the measures referred to in paragraph (1), a public service ethics committee shall notify the heads of the registration agencies or other related organizations thereof.
(5) If a public service ethics committee deems that anyone referred to in each subparagraph of Article 4 (1) is suspected of having acquired property or economic benefits by any improper means in violation of other Acts and subordinate statutes when taking any of the measures referred to in paragraph (1), the public service ethics committee may notify the Minister of Justice (or the Minister of National Defense in the case of military personnel and military civilian employees) of such fact: Provided, That in the case of the violation of Acts and subordinate statutes governing national taxes, duties, and local taxes, the public service ethics committee may notify the Commissioner of National Tax Service, the Commissioner of the Korea Customs Service, and the heads of relevant local governments of such fact, respectively.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 9 (Public Service Ethics Committee)
(1) A public service ethics committee shall be established, respectively, in the National Assembly, the Supreme Court, the Constitutional Court, the National Election Commission, the Government, local governments, and Educational Offices of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces in order to examine and decide on the following matters: <Amended by Act No. 10982, Jul. 29, 2011>
1. Examining registered matters concerning property, and taking measures based on the findings from such examination;
2. Granting approval under the latter part of Article 8 (12);
3. Verifying whether employment is restricted, granting approval of employment under Article 18, and granting approval to perform duties under Article 18-2 (3);
4. Other matters provided by this Act or other Acts and subordinate statutes as the power of the public service ethics committees.
(2) A public service ethics committee shall exercise jurisdiction over the following matters: <Amended by Act No. 10982, Jul. 29, 2011; Act No. 13695, Dec. 29, 2015>
1. The public service ethics committee in the National Assembly: Members of the National Assembly, other public officials of the National Assembly, and retired public officials of the National Assembly;
2. The public service ethics committee in the Supreme Court: Judges, other public officials of courts, and retired public officials of courts;
3. The public service ethics committee in the Constitutional Court: Justices of the Constitutional Court, other public officials of the Constitutional Court, and retired public officials of the Constitutional Court;
4. The public service ethics committee in the National Election Commission: Public officials of the National Election Commission and other election commissions, and retired public officials of election commissions;
5. The public service ethics committees in the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces: Grade IV or lower rank public officials of the Special Metropolitan City, the Metropolitan Cities, Metropolitan Autonomous Cities, Dos, or Special Self-Governing Provinces; executive officers and employees of the competent public service-related organizations; Grade IV or lower rank public officials who belong to the councils of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, or Special Self-Governing Provinces; members of the councils of Sis/Guns/Gus, Grade IV public officials of Sis/Guns/Gus; and retired public officials;
6. The public service ethics committees in Sis/Guns/Gus: Grade V or lower rank public officials of Sis/Guns/Gus, executive officers and employees of the competent public service-related organizations, Grade V or lower rank public officials who belong to the councils of Sis/Guns/Gus, and retired public officials;
7. The public service ethics committees in Educational Offices of Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, or Special Self-Governing Provinces: Grade IV or lower rank public officials who belong to the offices of education of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos or Special Self-Governing Provinces, and retired public officials;
8. The public service ethics committee in the Government: Public officials other than those referred to in subparagraphs 1 through 7, and retired public officials thereof.
(3) Every public service ethics committee shall be comprised of eleven members, including a chairperson and a vice-chairperson, and seven of them, including the chairperson, shall be appointed from among judges, educators, other persons of learning and high moral character, or persons recommended by a citizens’ organization (referring to a nonprofit, non-governmental organization defined in Article 2 of the Assistance for Non-Profit, Non-Governmental Organizations Act; hereinafter the same shall apply): Provided, That every public service ethics committee in a Si/Gun/Gu shall be comprised of five members, including a chairperson and a vice-chairperson, and three of them, including the chairperson, shall be appointed from among judges, educators, other persons of learning and high moral character, or persons recommended by a citizens’ organization. <Amended by Act No. 10982, Jul. 29, 2011>
(4) The term of office and appointment of members of a public service ethics committee, procedures for examination, and other necessary matters, shall be determined as follows: <Amended by Act No. 10982, Jul. 29, 2011>
1. In cases of the public service ethics committee in the National Assembly: The National Assembly Regulations;
2. In cases of the public service ethics committee in the Supreme Court: The Supreme Court Regulations;
3. In cases of the public service ethics committee in the Constitutional Court: The Constitutional Court Regulations;
4. In cases of the public service ethics committee in the National Election Commission: The National Election Commission Regulations;
5. In cases of the public service ethics committee in the Government: Presidential Decree;
6. In cases of the public service ethics committees in the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, or Special Self-Governing Provinces, the public service ethics committees in Sis/Guns/Gus, and the public service ethics committees in the Educational Offices of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, or Special Self-Governing Provinces: The Municipal Ordinances of the relevant local governments.
(5) In order to efficiently support business affairs of the public service ethics committees, subcommittees or expert advisors may be established or appointed under the committees. <Newly Inserted by Act No. 10982, Jul. 29, 2011>
(6) A public service ethics committee may enact rules relating to the operation thereof to the extent prescribed by this Act and the Regulations, Presidential Decree, and Municipal Ordinances referred to in the subparagraphs of paragraph (4). <Amended by Act No. 10982, Jul. 29, 2011>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 9-2 (Ex Officio Re-Examination by Public Service Ethics Committees)
Where a public service ethics committee acknowledges that any of the following causes or events has arisen with respect to a decision made regarding activities prescribed in Article 9 (1) 1 or 3, and there is a strong need for reexamination by a majority of the members for public interests, it may reexamine the decision within three years from the date of the initial decision, or within six months from the date it becomes aware of the grounds for ex officio reexamination. In such case, the concurring vote of at least 2/3 of all members is required to pass a resolution at the meeting of the public service ethics committee:
1. Where evidentiary data, based on which the decision was made, is found to be forged, altered, or omitted intentionally;
2. Where new important evidence not investigated during the examination process, is found;
3. Where a violation is found with respect to the procedures for deliberation and resolution during the examination.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
 Article 10 (Disclosure of Registered Property)
(1) A public service ethics committee shall disclose to the public registered matters concerning the property of any of the following public officials, among those liable for registration under its jurisdiction, as well as the property of the official’s spouse and lineal ascendants and descendants; and the details of reports on changes filed under Article 6, by publishing them in the official gazette or public bulletins, within one month after the time limit for registration or reporting expires: <Amended by Act No.10148, Mar. 22, 2010; Act No. 10982, Jul. 29, 2011; Act No. 11530, Dec. 11, 2012; Act No. 13695, Dec. 29, 2015; Act No. 14609, Mar. 21, 2017>
1. State public officials in political service, such as the President, the Prime Minister, members of the State Council, members of the National Assembly, Director General and Directors of the National Intelligence Service, etc.;
2. Public officials in political service of local governments, such as the heads of local governments and members of local councils;
3. State public officials of Grade I in general service (including public officials in general service of the Senior Executive Service who are appointed to position of the highest class of duty assigned under Article 23 of the State Public Officials Act) and local public officials, and public officials in extraordinary civil service who receive remuneration equivalent thereto (including public officials in special service of the Senior Executive Service);
4. Diplomatic public officials prescribed by Presidential Decree, and the Assistant Minister for Planning and Coordination of the National Intelligence Service;
5. Judges of at least the rank of chief judges in high courts, and public prosecutors of at least the rank of chef public prosecutors in the Supreme Prosecutors’ Office;
6. General-level officers of at least rank of lieutenant general;
7. Presidents and vice presidents of universities, deans (excluding deans of universities), presidents of junior colleges and heads of various schools equivalent to universities and colleges, superintendents of the offices of education of the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces among public officials in the educational service;
8. Senior superintendent generals or higher-rank police officials, and commissioners of district police agencies in the Special Metropolitan City, Metropolitan Cities, Metropolitan Autonomous Cities, Dos, and Special Self-Governing Provinces;
8-2. General fire marshals or higher-rank fire officers;
9. Directors of district tax offices, public officials of Grade III, and superintendents of customhouses who are public officials who belong to the Senior Executive Service;
10. Public officials in a fixed term position as prescribed in Article 26-5 of the State Public Officials Act and Article 25-5 of the Local Public Officials Act, who are appointed to positions that make it eligible for them as public officials referred to in subparagraphs 3 through 6, 8 and 9 or to positions equivalent thereto: Provided, That where positions are designated under subparagraphs 4, 5, 8 and 9, this shall apply only to public officials in a fixed term position prescribed in Article 26-5 of the State Public Officials Act and Article 25-5 of the Local Public Officials Act, who are appointed to such positions;
11. Heads, deputy directors, and standing auditors of public enterprises; the governor, senior deputy governor, and auditor of the Bank of Korea; recommended members of the Monetary Policy Committee; governor, senior deputy governors, deputy governors, and auditor of the Financial Supervisory Service; and presidents and standing auditors of the National Agricultural Cooperative Federation and National Federation of Fisheries Cooperatives;
12. Other public officials of the Government and executive officers of public service-related organizations who are prescribed by Presidential Decree;
13. Persons who are retired from the offices referred to in subparagraphs 1 through 12 (subject to disclosure in cases falling under Article 6 (2)).
(2) If a person liable for registration becomes subject to disclosure of property under paragraph (1) due to promotion, transfer, etc. after his/her property has been registered, he/she shall re-register his/her property as at the date he/she becomes subject to disclosure of property with a registration agency pursuant to the main sentence of Article 5 (1), not later than the end of the month in which the two-month period from the date he/she becomes subject to disclosure of property, falls, and the public service ethics committee shall disclose it to the public under paragraph (1): Provided, That if a person whose property needs to be disclosed, was transferred to a position exempt from disclosure of property, and becomes subject to disclosure of property within three years thereafter, the public service ethics committee shall disclose, to the public, changes in the person’s property occurred after the most recent disclosure. <Amended by Act No. 13695, Dec. 29, 2015>
(3) No one shall inspect, reproduce, or permit the inspection or reproduction of, registered matters concerning the property of any person liable for registration, without the permission of the head of the public service ethics committee or registration agency, except in cases falling under paragraphs (1) and (2): Provided, That the same shall not apply where a person liable for registration inspects or reproduces matters registered concerning his/her property. <Amended by Act No. 10982, Jul. 29, 2011>
(4) No head of any public service ethics committee or registration agency shall grant permission under paragraph (3), except in the following circumstances: <Amended by Act No. 10982, Jul. 29, 2011>
1. Where it is necessary to investigate a crime or misconduct engaged in by a person who is or was liable for registration, or for a trial relevant to the crime or misconduct;
2. Where a member of the National Assembly requests materials necessary for an inspection and investigation of the State administration under Article 128 (1) of the National Assembly Act, Article 10 (1) of the Act on the Inspection and Investigation of State Administration, and Article 4 of the Act on Testimony, Appraisal, etc. before the National Assembly, or it is necessary for such member to investigate, as his/her parliamentary activities, whether a specific public official has engaged in a concrete misconduct. In such cases, neither head of the public service ethics committee nor registration agency shall disclose externally all details of registered matters concerning the property;
3. Where it is necessary for the head of a government agency, local government, or public service-related organization to decide whether a subordinate public official has engaged in misconduct;
4. Where a person who was liable for registration, requests an inspection or reproduction of matters registered concerning his/her property.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 10-2 (Disclosure of Property of Candidates for Election of Public Officials, etc.)
(1) When a person who intends to be a candidate for the President, a member of the National Assembly, the head of a local government or a member of a local council makes a registration for such candidacy, he/she shall submit a report, as provided for in Article 4, regarding the property to be registered as of December 31 of the preceding year, to the competent election commission, and such commission shall make public the reported matters concerning the property of the candidate at the time the registration of candidate is announced publicly.
(2) When a proposal of approval for appointment of a public official whose appointment is required to be approved by the National Assembly, such as the Chief Justice of the Supreme Court, President of the Constitutional Court, Prime Minister, Chairperson of the Board of Audit and Inspection, Justices of the Supreme Court, Secretary-general of the National Assembly Secretariat, or a proposal of election of a public official who is elected by the National Assembly, such as Judges of the Constitutional Court or members of the National Election Commission, is submitted, a report on the property to be registered under Article 4 concerning the candidate for public office shall be submitted to the National Assembly, and the Speaker of the National Assembly shall, without delay, publicly announce the reported matters concerning the property of the candidate for public office: Provided, That this shall not apply where the candidate for public office discloses, under Article 10 (1), the property to be registered on or after December 31 of the preceding year prior to the time the proposal of approval for appointment or of the election is filed, and the documents to confirm the disclosure of property shall be submitted to the National Assembly.
(3) The public service ethics committees in the National Election Commission and the National Assembly shall examine the reported matters concerning the property as referred to in paragraph (1) or (2), and may open the results of the examination to the public.
(4) Article 8 (2) through (6), (13), and (14) shall apply mutatis mutandis to the examination as referred to in paragraph (3).
(5) The forms of the report as referred to in paragraphs (1) and (2), the methods of disclosure of property, and other necessary matters shall be prescribed by the National Assembly Regulations or the National Election Commission Regulations.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 11 (Reporting on Property of Transferred Persons, Etc.)
(1) If a person liable for registration is exempt from the liability for registration due to transfer, etc., while holding the status of a public official or an executive officer or employee of a public service-related organization (including where the person re-becomes a public official or an executive officer or employee of a public service-related organization by the end of the month in which the two-month period from the date of retirement, falls), the person shall file a report with the former registration agency on changes in his/her property occurred from January 1 (or the date on which he/she becomes liable for registration, if he/she becomes a person liable for registration after January 1) of the pertinent year to the date of transfer, etc., not later than the end of the month in which the two-month period from the date of transfer, etc., falls) and, in the following year, file a report on changes in his/her property occurred during the preceding one year in the month the cause of such transfer, etc. arises: Provided, That Article 6 (2) shall apply mutatis mutandis where he/she retires from his/her office during the period in which he/she is liable to report changes in his/her property. <Amended by Act No. 13695, Dec. 29, 2015>
(2) Articles 6 through 8, 8-2, 10, 12 through 14, and 14-3 shall apply mutatis mutandis to filing reports under paragraph (1) and management of such reports.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 12 (Liability for Truthful Registration, etc.)
(1) No person liable for registration shall falsely enter in the property registration papers the property to be registered under Article 4, the value of such property, the date of acquisition, background for such acquisition, the income sources to acquire such property, etc.
(2) Any person liable for registration shall faithfully comply with any examination of each public service ethics committee, etc. on the registered matters.
(3) Any person as provided for in Article 4 (1) 2 or 3 shall faithfully comply with the registration of property by a person liable for registration or the examination on the registered matters by the relevant public service ethics committee.
(4) Notwithstanding paragraph (3), the person falling under Article 4 (1) 3 who is not a dependent of a person liable for registration may refuse to report the matters concerning his/her property to be registered after obtaining approval therefor from the relevant public service ethics committee and shall undergo the reexamination every 3 years. In such cases, the person liable for the registration shall file an application for approval therefor, clearly indicating the grounds thereof.
(5) Necessary matters concerning the application for approval for refusing the publication and the examination of such application referred to in paragraph (4) shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 13 (Prohibition of Use of Registered Matters concerning Property for Other Purposes, etc.)
No person liable for registration shall be subject to any disadvantageous treatment or disposition on the grounds of registered matters unless he/ she makes false registration or any causes other than those as prescribed by this Act occur, and no person shall use the registered matters concerning the property for other purpose than those as prescribed by this Act.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14 (Confidentiality)
Neither a person who is or was engaged in affairs of property registration nor a person who becomes aware of the matters concerning registered property in the course of performing his/her duties shall divulge such matters to any third person.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-2 (Prohibition of Property Acquisition by Taking Advantage of Secrets Learned in Course of Performing One's Duties)
No person liable for registration shall acquire any property or property interest by taking advantage of secrets which he/she has learned in the course of performing his/her duties.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-3 (Prohibition of Furnishing, Disclosure, etc. of Materials on Financial Transactions)
No person who has received any materials concerning the details of financial transactions under Article 8 (5) shall furnish or disclose them to a third person, or use them for any purpose other than proper ones.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
CHAPTER II-2 SALE OR TRUST OF STOCKS
 Article 14-4 (Sale or Trust of Stocks)
(1) When the aggregate value of all stocks owned by the principal and his/her interested parties (referring to the persons referred to Article 4 (1) 2 or 3, but excluding the persons refusing to publish the matters registered concerning his/her property under Article 12 (4) among the persons referred to in under Article 4 (1) 3; hereinafter the same shall apply), exceeds the amount prescribed by Presidential Decree, which is between 10 million won and 50 million won, a person subject to disclosure of property under Article 10 (1), from among those liable for registration, and any person prescribed by Presidential Decree, from among the public officials of the Ministry of Strategy or Finance and the Financial Services Commission (hereinafter referred to as "person, etc. subject to disclosure of property"), shall directly perform the following activities within one month from the date of such excess (if the aggregate value of stocks exceeds the amount prescribed by Presidential Decree, which is between 10 million won and 50 million won, as at the date the person becomes subject to disclosure of property or the date the causes for deferment under Article 6-3 (1) and (2) cease to exist, the date means the date the person becomes subject to disclosure of property or the date the causes for deferment cease to exist; if the person requests a review as to whether the stocks are relevant to his/her duties to the Examination Committee on Blind Trust of Stocks established under Article 14-5 (6), it refers to the date he/she is notified of the decision that the stocks are relevant to his/her duties; if the person is notified of the decision that the stocks are relevant to his/her duties as a result of an ex officio reexamination under Article 14-12, it refers to the date he/she is notified of the decision), or have the interested parties perform the following activities, and shall report the facts of performing such activities to the relevant registration agency: Provided, That the same shall not apply where the person is notified of the decision that the stocks are irrelevant to his/her duties from the Examination Committee on Blind Trust of Stocks under Article 14-5 (7) or 14-12: <Amended by Act No. 13695, Dec. 29, 2015>
1. Selling the relevant stocks;
2. Concluding a contract on a trust or an investment trust meeting each of the following requirements (hereinafter referred to as "blind trust of stocks"):
(a) A trustee institution shall dispose of the stocks initially placed in the blind trust within 60 days from the date of conclusion of the trust contract: Provided, That, where it is impracticable for the trustee institution to dispose of the stocks within 60 days, and obtains approval from the public service ethics committee, the period for disposal of stocks may be extended, and in such case, the period shall be extended up to 30 days at a time;
(b) Neither the person, etc. subject to disclosure of property nor his/her interested parties shall participate in the management, operation and disposal of the trust property;
(c) Neither the person, etc. subject to disclosure of property nor his/her interested parties shall request any information on management, operation and disposal of the trust property, and the trustee institution shall not provide it: Provided, That the trustee institution may present in advance the basic management methods of the trust property within the scope prescribed by Presidential Decree, when it concludes a trust contract;
(d) A trustor is entitled to terminate the trust contract where any of the causes referred to in the subparagraphs of Article 14-10 (2) occurs;
(e) Where the trustee institution engages in trust business with the care of a prudent manager, it shall not be held liable for any loss;
(f) The trustee institution shall engage in trust business, and shall be a trust company or a collective investment company registered under the Financial Investment Services and Capital Markets Act: Provided, That the trustee institution shall exclude any company wherein the person, etc. subject to disclosure of property or his/her interested parties have held office within the most recent three years.
(2) When a report referred to in paragraph (1) is filed along with the registration under Article 5, types and values of the stocks to be registered, shall be based on the date the stocks have been sold under paragraph (1) or on the date a contract for blind trust of stocks has been concluded.
(3) A person, etc. subject to disclosure of property shall file a report on the changes in his/her property due to the conclusion or termination of a contract for blind trust of stocks as included in the report filed under Articles 6 and 11.
(4) Where the conclusion of a contract for blind trust of stocks is reported under paragraph (1), the trust property is exempt from reporting under Articles 6 and 6-2 (1) until that trust contract terminates.
(5) The method of reporting the fact that a person, etc. subject to disclosure of property has sold, or has placed, stocks in blind trust under paragraph (1) shall be prescribed by Presidential Decree. <Amended by Act No. 13695, Dec. 29, 2015>
(6) Articles 6-2 (3), 7, 8, 8-2, 12 through 14, and 14-3 shall apply mutatis mutandis to filing reports under paragraph (1) and the examination and management of the reports.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-5 (Review of Relevance of Duties by Examination Committee on Blind Trust of Stocks)
(1) An Examination Committee on Blind Trust of Stocks shall be established in the Ministry of Personnel Management to review and decide on whether the stocks owned by a person, etc. subject to disclosure of property and his/her interested parties are relevant to his/her duties. <Amended by Act No. 11690, Mar. 23, 2013; Act No. 12844, Nov. 19, 2014>
(2) The Examination Committee on Blind Trust of Stocks shall consist of nine members, including one chairperson.
(3) The chairperson and members of the Examination Committee on Blind Trust of Stocks shall be appointed or commissioned by the President. In such cases, each three of the appointed or commissioned members shall be recommended by the National Assembly and by the Chief Justice of the Supreme Court, respectively.
(4) The members of the Examination Committee on Blind Trust of Stocks shall be the members of public service ethics committees, judges, educators, finance experts specializing in stocks, or other persons with abundant knowledge about blind trusts.
(5) The term of office of the chairperson and members shall be two years, which may be consecutively renewed only once.
(6) Where a person, etc. subject to disclosure of property intends to be exempt from the obligation to sell stocks or to place stocks in blind trust under Article 14-4 (1) on the grounds that the stocks owned by him/her and his/her interested parties are irrelevant to his/her duties, or intends to undergo a review as to relevance of the stocks to his/her duties because his/her position is changed due to transfer, etc., the person shall request the Examination Committee on Blind Trust of Stocks to review whether the stocks owned by him/her are relevant to his/her duties, within one month from the date the aggregate value of all stocks owned by him/her and his/her related parties exceeds the amount prescribed by Presidential Decree, which is between 10 million and 50 million won (where the aggregate value of the stocks exceeds the amount prescribed by Presidential Decree, which is between 10 million and 50 million won, as at the date the person, etc. becomes subject to disclosure of property, as at the date the grounds for deferment under Article 6-3 (1) and (2) cease to exist, or as at the date the position of the person, etc. subject to disclosure is changed, it refers to the date the person, etc. becomes subject to disclosure of property, the date the grounds for deferment cease to exist, or the date the position of the person, etc. subject to disclosure is changed). <Amended by Act No. 13695, Dec. 29, 2015>
(7) The Examination Committee on Blind Trust of Stocks shall review and decide on whether the stocks are relevant to an applicant’s duties within one month after receipt of a request for review under paragraph (6), and notify the applicant of the results of such review: Provided, That the Examination Committee on Blind Trust of Stocks may extend the period for review by up to one month by its resolution, if deemed necessary.
(8) Whether stocks are relevant to a person’s duties, shall be determined, based on whether the person can access directly or indirectly information on the stocks and can exert influence on such stocks.
(9) If deemed necessary to review whether the stocks are relevant to the duties of a person, etc. subject to disclosure of property, the Examination Committee on Blind Trust of Stocks may request materials from the person, etc. subject to disclosure of property or may make written inquiries.
(10) If deemed necessary to review whether the stocks are relevant to the duties of a person, etc. subject to disclosure of property, the Examination Committee on Blind Trust of Stocks may request materials from a relevant institution, organization, and enterprise, and the relevant institution, organization, and enterprise shall comply therewith, except in exceptional circumstances.
(11) Procedures for review by, and operation of, the Examination Committee on Blind Trust of Stocks, and other necessary matters, shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-6 (Restrictions on Acquisition of Stocks)
(1) Where a contract for blind trust of stocks has been concluded under Article 14-4 (1), neither a person, etc. subject to disclosure of property nor his/her interested parties shall acquire new stocks until the contract for blind trusts of stocks terminates.
(2) When a person, etc. subject to disclosure of property or his/her interested parties acquire stocks due to inheritance and other reasons prescribed by Presidential Decree during the period for which the acquisition of stocks is restricted under paragraph (1), the person shall directly sell the stocks or place them into a blind trust, or have his/her interested parties sell the stocks or place them into a blind trust, and file a report thereon with the relevant registration agency, within one month from the date of such acquisition (in case of inheritance, referring to the date he/she becomes aware of the commencement of inheritance): Provided, That the same shall not apply when the person is notified of a decision that such stocks are irrelevant his/her duties, from the Examination Committee on Blind Trust of Stocks.
(3) Articles 14-4 (3) through (6), and 14-5 shall apply mutatis mutandis to the blind trust of stocks and the review on relevance to duties under paragraph (2).
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-7 (Prohibition, etc. against Provision of Information on Trust Property)
(1) Where a contract for blind trust of stocks has been concluded under Article 14-4 (1) or 14-6 (2), neither a person, etc. subject to disclosure of property nor his/her interested parties shall request information pertaining to the management, operation, or disposal of the trust property from any trust company, collective investment company, investment company, investment trader, or investment broker, notwithstanding Articles 91 and 113 of the Financial Investment Services and Capital Markets Act, and the trust company, collective investment company, investment company, investment trader, or investment broker shall not comply with the request for information made by the person, etc. subject to disclosure of property or his/her interested parties: Provided, That where liability to pay taxes, including the transfer income tax, arises following disposal of the trust property, the trust company, collective investment company, investment company, investment trader, or investment broker may provide the person, etc. subject to disclosure of property or his/her interested parties with information pertaining to the fulfillment of tax payment liability in order to help him/her voluntarily pay such taxes.
(2) Where a contract for blind trust of stocks has been concluded under Article 14-4 (1) or 14-6 (2), neither a person, etc. subject to disclosure of property nor his/her interested parties shall participate in the management, operation, or disposal of the trust property.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-8 (Reporting, etc. on Status of Trust)
(1) A trustee institution of stocks placed in a blind trust shall submit a report on the details of management, operation, or disposal of trust property during the period from January 1 (the date of contract in the case of a year in which a contract for blind trust of stocks has been concluded) to December 31 each year, to the competent public service ethics committee in January of the following year. In such cases, when a contract for blind trust of stocks has been concluded during December, the said report may be filed, along with the details of management, operation, or disposal of property placed in the blind trust for the following year.
(2) In any of the following circumstances, a trustee institution shall notify the competent public service ethics committee thereof, and the public service ethics committee shall notify the trustor of the same: <Amended by Act No. 13695, Dec. 29, 2015>
1. When all stocks initially placed in a trust have been disposed of;
2. When the value of trust property falls below the amount prescribed by Presidential Decree, which is between 10 million and 50 million won.
(3) The time and methods of notification by the trustee institution under paragraph (2) shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-9 (Supervision of Trustee Institutions)
When an executive officer or employee of a trustee institution has violated this Act or an order or disposition issued under this Act, the competent public service ethics committee may demand the Governor of the Financial Supervisory Service to take appropriate measures, such as issuing a corrective order, taking disciplinary action against the executive officer or employee.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-10 (Requests for Sale of Stocks and Termination of Trust)
(1) A trustor who has placed his/her stocks in a blind trust, may make a written request to the trustee institution to sell all of the trust property, with the permission of the competent public service ethics committee.
(2) Upon the occurrence of any of the following causes or events, a trustor who has placed his/her stocks in a blind trust may request the trustee institution to terminate the contract for blind trust of stocks: Provided, That he/she must request a termination of the contract for blind trust of stocks upon the occurrence of the event prescribed in subparagraph 2: <Amended by Act No. 13695, Dec. 29, 2015>
1. Where the trustor is notified of the matters prescribed in Article 14-8 (2) 2;
2. Where the trustee institution has sold all of the trust property, upon receipt of the written request for sale made under paragraph (1);
3. Where the trustor is exempt from the liability for disclosure of his/her property on the grounds of retirement, transfer, etc.;
4. Where the position of the trustor who has placed his/her stocks in a blind trust is changed due to transfer, etc., and the trustor is notified of a decision made by the Examination Committee on Blind Trust of Stocks pursuant to Article 14-5 (7), that the management and operation of stocks in the blind trust are irrelevant to the changed position.
(3) Upon termination of a contract for blind trust of stocks under paragraph (2), the trustee institution shall submit a report to the competent public service ethics committee on the grounds for the termination and the details of management, operation and disposal of the trust property during the period from January 1 of that year (where the termination has been made in the year of the blind trust of stocks is established, the date the blind trust of stocks is established) to the date of termination, within one month from the date of the termination. In such cases, when the contract for blind trust of stocks is terminated in January, the report may be made along with the details of management, operation and disposal in the preceding year.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 14-11 (Prohibition of Performing Duties in Conflicts of Interest)
(1) No person, etc. subject to disclosure of property, shall perform any duty that may have influence on the management or property right of an enterprise that has issued stocks placed in a blind trust or owned by the person, etc. subject to disclosure of property or his/her interested parties, by granting approval, giving directions, or expressing opinions, or by other means, during the following periods:
1. Where a contract for a blind trust of stocks is concluded pursuant to Article 14-4 (1) 2: Until all stocks initially placed in a trust are disposed of;
2. Where an application for change of position is filed pursuant to Article 14-13 (1): From the date he/she files the application for change of position to the date he/she is notified of a decision made by the Examination Committee on Blind Trust of Stocks that the stocks are irrelevant to his/her duties after the Examination Committee reviews whether his/her duties are relevant to the stocks while he/she holds the changed position.
(2) Where it is necessary for a person, etc. subject to disclosure of property to avoid duties pursuant to paragraph (1), the person, etc. subject to disclosure of property shall take measures, etc., such as having a third person perform such duties instead of him/her.
(3) Notwithstanding paragraph (1), where it is impossible to avoid duties, such as by the law requiring a person, etc. subject to disclosure of property to perform such duties directly, the person may perform the duties related to the stocks he/she owns or has placed in a blind trust.
(4) Where a person, etc. subject to disclosure of property performs any duties related to the stocks he/she owns or has placed in a blind trust, the person shall report the details of direct or indirect performance of the duties related to such stocks during each quarter, within ten days from the end of each quarter to the competent public service ethics committee, which shall post the report in the official gazette or official bulletin.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
 Article 14-12 (Ex Officio Re-Examination by Examination Committee on Blind Trusts of Stocks)
Where the Examination Committee on Blind Trust of Stocks established under Article 14-5 acknowledges that any of the following causes or events has arisen with respect to a decision made under Article 14-5 (7), and there is a strong need for reexamination by a majority of the members for public interests, it may reexamine the decision within three years from the date of the initial decision or within six months from the date it becomes aware of the grounds for ex officio reexamination. In such case, the concurring vote of at least 2/3 of all members is required to pass a resolution at the meeting of the Examination Committee on Blind Trust of Stocks:
1. Where evidentiary data, based on which the decision was made, is found to be forged, altered, or omitted intentionally;
2. Where new important evidence not investigated during the examination process, is found;
3. Where a violation is found with respect to the procedures for deliberation and resolution during the examination.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
 Article 14-13 (Filing Applications for Change of Position to Duties Irrelevant to Stocks)
(1) A person, etc. subject to disclosure of property, who becomes obligated to sell stocks or to place stocks in a blind trust pursuant to Article 14-4 (1), may file an application for change of his/her position with the head of the institution, etc., with which he/she is affiliated, specifying the duties relevant to the stocks owned by the person, etc. subject to disclosure of property or his/her interested parties, within one month from the date the obligation arises, and the head of such institution, etc., in receipt of the application, may change his/her position to duties irrelevant to such stocks, within one month of receipt of the application.
(2) Where a person, etc. subject to disclosure of property whose position is changed pursuant to paragraph (1), requests a review as to relevance to his/her duties under Article 14-5 (6) and are notified of a decision that the stocks owned by him/her are irrelevant to his/her duties pursuant to paragraph (7) of the same Article, the person need not sell such stocks or conclude a contract for a blind trust of stocks, notwithstanding Article 14-4 (1).
(3) Where the position of a person, etc. subject to disclosure of property has not changed within one month from the date of an application filed under paragraph (1), the period for fulfilling the obligation prescribed in the main sentence of Article 14-4 (1) shall be counted, starting from the date on which one month passes from the date of the application for change of position.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
 Article 14-14 (Disclosure of Sale of Stocks or Placement of Stocks in Trust)
(1) The head of a registration agency in receipt of a report on sale of stocks or conclusion of a contract for placing stocks in a blind trust pursuant to Article 14-4 (1) or 14-6 (2), shall disclose the relevant facts to the public.
(2) A competent public service ethics committee notified that all stocks initially placed in a trust have been disposed of pursuant to Article 14-8 (2) 1, shall disclose the relevant facts to the public.
(3) The methods of disclosure under paragraphs (1) and (2), and other necessary matters, shall be prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
CHAPTER III REPORTING ON GIFTS
 Article 15 (Reporting on Gifts from Foreign Governments, etc.)
(1) If a public official (including members of local councils; hereafter the same shall apply in Article 22) or an executive officer or employee of a public service-related organization has received any gift from a foreign country or a foreigner (including foreign organizations; hereinafter the same shall apply) with respect to his/her duties, the public official shall report it without delay to the head of the agency or organization with which he/she is affiliated, and hand over such gift thereto. This shall also apply where any family member of the public official or the executive officer or employee of the public service-related organization receives any gift from a foreign country or a foreigner with respect to the duties of such official or such executive officer or employee. <Amended by Act No. 13695, Dec. 29, 2015>
(2) The value of the gift to be reported under paragraph (1) shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 16 (Reversion, etc. of Gift to National Treasury)
(1) Any gift reported under Article 15 (1) shall be reverted to the National Treasury immediately after it is reported.
(2) Matters concerning, inter alia, the management or maintenance of reported gifts shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
CHAPTER IV RESTRICTION, ETC. ON EMPLOYMENT AND ACTS OF RETIRED PUBLIC OFFICIALS
 Article 17 (Restriction on Employment of Retired Public Officials)
(1) No person liable for registration (hereafter referred to as "person subject to employment screening" in this Chapter) shall be employed within three years from the time of his/her retirement by any of following institutions (hereinafter referred to as "employment-restricted institution") closely relevant to the duties of the department or agency with which he/she has been affiliated for five years before his/her retirement: Provided, That this shall not apply if such employment is approved by the competent public service ethics committee: <Amended by Act No. 11873, Jun. 7, 2013; Act No. 12946, Dec. 30, 2014>
1. A for-profit private enterprise, the capital and annual apparent transactions of which exceed a specified scale (referring to the supply value prescribed in Article 29 of the Value-Added Tax Act; hereinafter the same shall apply);
2. A corporation or organization established for the sake of the common interests, mutual cooperation, etc. of a private enterprise referred to in subparagraph 1;
3. A law firm established under Article 40 of the Attorney-at-Law Act, the annual apparent transactions of which exceed a specified scale, a (limited) liability law firm established under Article 58-2 of the said Act, a law firm partnership established under Article 58-18 of the said Act, or a law office established under Article 89-6 (3) of the said Act (hereinafter referred to as "law firm, etc.");
4. An accounting firm established under Article 23 (1) of the Certified Public Accountant Act, the annual apparent transactions of which exceed a specified scale;
5. A tax accounting firm established under Article 16-3 (1) of the Certified Tax Accountant Act, the annual apparent transactions of which exceed a specified scale;
6. A foreign legal consultant office defined in subparagraph 4 of Article 2 of the Foreign Legal Consultant Act, the annual apparent transactions of which exceed a specified scale;
7. A market-based public corporation referred to in Article 5 (3) 1 (a) of the Act on the Management of Public Institutions;
8. A public service-related organization performing duties prescribed by Presidential Decree, such as supervision of safety, regulation on authorization and permission, and procurement duties;
9. An educational foundation that has established and runs any of the schools defined in the subparagraphs of Article 2 of the Higher Education Act, and a private school established and run by an educational foundation: Provided, That where a person subject to employment screening is employed as a teacher prescribed by Presidential Decree, the relevant educational foundation or school shall be excluded;
10. A general hospital referred to in Article 3-3 of the Medical Service Act and any of following corporations that have established a general hospital:
(a) A medical corporation referred to in Article 33 (2) 3 of the Medical Service Act;
(b) A nonprofit corporation referred to in Article 33 (2) 4 of the Medical Service Act;
11. Any of following, the endowment of which exceeds a specified scale:
(a) A social welfare foundation defined in subparagraph 3 of Article 2 of the Social Welfare Services Act;
(b) A nonprofit corporation, other than social welfare foundations referred to in item (a), which operates a social welfare facility defined in subparagraph 4 of Article 2 of the Social Welfare Services Act.
(2) The scope of close relevance prescribed in paragraph (1), means that the duties of the department with which a person subject to employment screening has been affiliated for five years immediately before his/her retirement, falls under any of the following: <Amended by Act No. 12946, Dec. 30, 2014>
1. Duties of providing financial assistance, including allocating or paying grants, incentives, subsidies, etc. directly or indirectly;
2. Duties directly related to authorization, permission, licenses, patents, approval, etc.;
3. Duties directly related to inspections and audits of methods of production, specifications, accounting, etc.;
4. Duties directly related to assessment, imposition, and collection of taxes;
5. Duties directly related to contracts for, and inspections and acceptance of construction works, services, or purchase of goods;
6. Duties of direct supervision under Acts and subordinate statutes;
7. Duties related to investigations, examinations of, and ruling on, a case to which an employment-restricted institution is a party or in which it has direct interests;
8. Other Duties prescribed by the National Assembly Regulations, Supreme Court Regulations, Constitutional Court Regulations, National Election Commission Regulations, or Presidential Decree.
(3) Notwithstanding paragraph (2), where the duties of an agency with which any of the following persons subject to employment screening (hereinafter referred to as "person subject to employment screening based on the duties of an agency") has been affiliated for five years before his/her retirement constitute any of duties prescribed in the subparagraphs of paragraph (2), such duties shall be deemed to have close relevance: <Newly Inserted by Act No. 12946, Dec. 30, 2014>
1. A person subject to disclosure of property referred to in the subparagraphs of Article 10 (1);
2. A public official, other than public officials subject to disclosure of property referred to in subparagraph 1, among public officials who belong to the Senior Civil Service;
3. A public official of at least Grade II;
4. An executive officer of a public service-related organization;
5. A public official or an employee of a public service-related organization in a specific field prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
(4) In determining where a person is employed under paragraph (1), if the person engages in the business of an employment-restricted institution or provides assistance, such as advice and counsel, thereto and receives a wage, salary, etc. in return for such service on a regular basis or during a specified period, such person shall be deemed employed, regardless of his/her position or duties, such as an outside director, consultant, or advisor prescribed in the Commercial Act, or the type of contract. <Amended by Act No. 12946, Dec. 30, 2014>
(5) With regard to the duties prescribed in the subparagraphs of paragraph (2) that a person subject to employment screening performed, or in which he/she participated for the decision-making process thereof for five years before his/her retirement, if a law firm, etc. have accepted a case (including cases referred to in the subparagraphs of Article 31 (4) of the Attorney-at-Law Act), or if an accounting firm has performed business pursuant to the subparagraphs of Article 2 of the Certified Public Accountant Act, or a tax accounting firm has performed business pursuant to the subparagraphs of Article 2 of the Certified Tax Accountant Act, the duties of the department with which such person subject to employment screening was affiliated shall be deemed to have relevance under paragraph (1) with the business of the law firm, etc., accounting firm, or tax accounting firm. <Amended by Act No. 12946, Dec. 30, 2014>
(6) In determining close relevance under paragraphs (2) and (3), a public service ethics committee shall keep a balance between a retired public official's private interests, such as his/her freedom and rights, and public interests through prevention of unfair influence by the retired public official, and where it examines or determines whether or not to approve the employment of a retired public official deemed to have close relevance pursuant to paragraphs (3) and (5) pursuant to the proviso to paragraph (1), it shall endeavor to prevent any unreasonable limit on the rights of the relevant person subject to employment screening, in consideration of the number of relevant cases handled, and the frequency and importance of relevant duties, etc. <Amended by Act No. 12946, Dec. 30, 2014>
(7) Notwithstanding paragraphs (1) through (3), an attorney-at-law referred to in Article 4 of the Attorney-at-Law Act, a certified public accountant referred to in Article 3 of the Certified Public Accountant Act, and a tax accountant referred to in Article 3 of the Certified Tax Accountant Act, among persons subject to employment screening, other than those subject to disclosure of property referred to in the subparagraphs of Article 10 (1), may be employed by a law firm, etc., an accounting firm, and a tax accounting firm, respectively. <Amended by Act No. 12946, Dec. 30, 2014>
(8) For the purposes of paragraph (1), the scale and scope of a department or an agency, the scale and scope of an employment-restricted institution, and other matters, shall be determined by the National Assembly Regulations, Supreme Court Regulations, Constitutional Court Regulations, National Election Commission Regulations, or Presidential Decree. <Amended by Act No. 12946, Dec. 30, 2014>
[This Article Wholly Amended by Act No. 10982, Jul. 29, 2011]
 Article 18 (Verification as to Restriction on Employment and Approval for Employment)
(1) Where a person subject to employment screening intends to work in an employment-restricted institution within the three-year period from the date of his/her retirement, the person shall request the competent public service ethics committee to verify whether his/her employment is restricted pursuant to Article 17 (2) and (3) through the head of the agency with which such person was affiliated as at the time of his/her retirement, as prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree: Provided, That the same shall not apply where he/she intends to obtain approval for employment pursuant to the proviso to Article 17 (1). <Amended by Act No. 12946, Dec. 30, 2014>
(2) Where a person subject to employment screening intends to obtain approval for employment pursuant to the proviso to Article 17 (1), the person shall apply for approval for his/her employment with the competent public service ethics committee through the head of the agency with which such person was affiliated as at the time of his/her retirement, as prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
(3) Upon receipt of a request for verification as to whether an applicant’s employment is restricted under paragraph (1) or an application for approval for employment under paragraph (2), the competent public service ethics committee shall notify the applicant of the results of examination, as prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
[This Article Wholly Amended by Act No. 10982, Jul. 29, 2011]
 Article 18-2 (Restrictions on Duties Performed by Retired Public Officials)
(1) Public officials, executive officers, or employees of public service-related organizations are prohibited from performing, post-retirement, any of the duties prescribed in the subparagraphs of Article 17 (2) which he/she performed directly during his/her active service, unless otherwise expressly provided for in other Acts or subordinate statutes.
(2) No person subject to employment screening based on the duties of an agency shall perform, within a period of two years from the date of his/her retirement, any of the duties referred to in the subparagraphs of Article 17 (2) that an agency with which such person was affiliated between two years before his/her retirement up to the time of retirement handles, for an employment-restricted institution employing such person, unless otherwise expressly provided for in other Acts or subordinate statutes. <Amended by Act No. 12946, Dec. 30, 2014>
(3) Notwithstanding paragraphs (1) and (2), relevant duties may be performed, if it is necessary to perform such duties for national security, public interests, etc. and performing such duties is deemed not to affect fair business practices and has been approved by the competent public service ethics committee.
(4) The scope of agencies referred to in paragraph (2), procedures for granting approval under paragraph (3), and other necessary matters, shall be prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
[This Article Newly Inserted by Act No. 10982, Jul. 29, 2011]
 Article 18-3 (Submission of Duty Statements by Retired Public Officials Subject to Restrictions on Performing Duties)
(1) A person subject to employment screening based on the duties of an agency, who is subject to restriction on performing certain duties after his/her retirement under Article 18-2 (2), shall annually prepare a duty statement, including the details of his/her business activities, for two years after his/her retirement, and submit it to the competent public service ethics committee, subject to confirmation of the head of the employment-restricted institution with which he/she is affiliated, unless otherwise expressly provided for in other Acts or subordinate statutes. <Amended by Act No. 12946, Dec. 30, 2014>
(2) The competent public service ethics committee shall review the duty statement submitted under paragraph (1) and check whether Article 18-2 (2) or (3) has been violated.
(3) The duty statement submitted under paragraph (1), shall contain the details of business activities, such as cases and affairs in which the relevant retired public official involved, and details to be included in the duty statements, procedures for submission, and other necessary matters, shall be prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
[This Article Newly Inserted by Act No. 10982, Jul. 29, 2011]
 Article 18-4 (Restrictions on Acts of Retired Public Officials, etc.)
(1) No public official, executive officer or employee of a public service-related organization shall request an unfair favor or assistance hampering the fair performance of duties from executives or employees of an agency with which he/she is affiliated before his/her retirement, such as asking him/her to violate Acts or subordinate statutes or to abuse this/her position or authority, for his/her own interests or a third party's interests.
(2) If any public official or executive officer or employee of a public service-related organization is requested to provide an unfair favor or assistance under paragraph (1), he/she shall file a report thereon with the head of an agency with which he/she is affiliated.
(3) Where it is deemed necessary to investigate reported matters under paragraph (2), the head of the relevant agency shall notify an investigation agency of such matters. In such cases, the head of the relevant agency shall inform the competent public service ethics committee of the reported matters and the fact that it notifies to the investigation agency.
(4) No identification of a reporting person shall be disclosed without the consent of the reporting person.
(5) No public official and executive or employee of a public service-related organization who files a report pursuant to paragraph (2), shall receive any disadvantage for his/her status or discrimination in working conditions, including disciplinary action, from an agency with which he/she is affiliated because of such report: Provided, That the same shall not apply if he/she files a false report.
(6) Matters necessary for filing reports under paragraphs (2) through (5) shall be determined by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations or Presidential Decree.
[This Article Newly Inserted by Act No. 10982, Jul. 29, 2011]
 Article 18-5 (Restriction on Requests for Employment, etc. of Incumbent Persons, etc.)
(1) No incumbent person subject to employment screening shall make a request to be employed, during his/her incumbency, to an employment-restricted institution related to the business referred to in the subparagraphs of Article 17 (2) that he/she engaged in for five years before his/her retirement. <Amended by Act No. 12946, Dec. 30, 2014>
(2) No head of any Government agency, local government, or public service-related organization shall assist a person subject to employment screening of a relevant institution to be employed by an employment-restricted institution related to the business referred to in the subparagraphs of Article 17 (2) that he/she engaged in for five years before his/her retirement. <Amended by Act No. 12946, Dec. 30, 2014>
[This Article Newly Inserted by Act No. 10982, Jul. 29, 2011]
 Article 19 (Demands, etc. for Dismissal of Employees)
(1) When the competent public service ethics committee finds any person employed in violation of Article 17 (1), it shall request the head of the relevant Government agency (in cases of the National Assembly, the Secretary-General of the National Assembly; in cases of a court, the Director of the National Court Administration; in cases of the Constitutional Court, the Secretary-General of the Department of Court Administration; and in cases of the National Election Commission, the Secretary-General of the National Election Commission; hereinafter the same shall apply) or local government to take measures to dismiss the person, and the head of the relevant Government agency or local government, in receipt of such request, shall demand the head of an employment-restricted institution with which such person is affiliated, to dismiss the relevant person. <Amended by Act No. 10982, Jul. 29, 2011; Act No. 12946, Dec. 30, 2014>
(2) Upon receipt of a demand for dismissal under paragraph (1), the head of an employment-restricted institution shall comply with such request without delay. In such cases, the head of the employment-restricted institution shall notify the head of the Government agency or local government of the results thereof, and the head of the Government agency or local government shall notify the competent public service ethics committee thereof. <Amended by Act No. 10982, Jul. 29, 2011; Act No. 12946, Dec. 30, 2014>
(3) If administrative litigation referred to in Article 3 of the Administrative Litigation Act has been filed against a demand for dismissal under paragraph (1), the period for restricting the employment of the relevant person under Article 17 (1) shall be suspended, starting from the time such administrative litigation is filed until a court ruling becomes final and conclusive: Provided, That the same shall not apply where the disposition demanding dismissal is canceled or becomes void through relevant litigation. <Newly Inserted by Act No.10982, Jul. 29, 2011>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 19-2 (Methods, etc. of Verifying whether Restriction on Employment or Performing Duties Is Violated)
(1) Where a person subject to employment screening retires, the head of a Government agency, local government, or public service-related organization shall verify directly whether the person is employed by any employment-restricted institution within three years after his/her retirement, or by such means as requesting data from, or making an inquiry to, the National Health Insurance Corporation established under Article 13 of the National Health Insurance Act, the National Pension Service established under Article 24 of the National Pension Act, or the Korea Workers' Compensation and Welfare Service established under Article 10 of the Industrial Accident Compensation Insurance Act, and the head of the Government agency, local government, or public service-related organization shall report the results of the verification to the competent public service ethics committee at least once a year. <Amended by Act No. 11141, Dec. 31, 2011; Act No. 12946, Dec. 30, 2014; Act No. 13695, Dec. 29, 2015>
(2) Where the competent public service ethics committee has reasonable grounds to suspect that a retired public official has violated the restriction on performing duties under Article 18-2 (1), it may, to verify such violation, request relevant data from the head of the institution with which the retired public official was affiliated as at the time of retirement, the National Health Insurance Corporation established under Article 13 of the National Health Insurance Act, the National Pension Service established under Article 24 of the National Pension Act, or the Korea Workers' Compensation and Welfare Service established under Article 10 of the Industrial Accident Compensation Insurance Act. <Newly Inserted by Act No. 13695, Dec. 29, 2015>
(3) The competent public service ethics committee may request relevant data from the head of an employment-restricted institution with respect to the restriction on employment, restriction on performing duties, restriction on acts, etc., and the head of the employment-restricted institution shall submit such data, unless there is a good cause. <Amended by Act No. 12946, Dec. 30, 2014; Act No. 13695, Dec. 29, 2015>
[This Article Newly Inserted by Act No. 10982, Jul. 29, 2011]
 Article 19-3 (Disclosing Results of Verification as to Restriction on Employment, and Examinations of Approval for Employment, Approval for Performing Duties, and Duty Statements)
(1) Upon completing any of the following verification or examinations, a competent public service ethics committee may disclose the results thereof on the web-site designated by the public service ethics committee:
1. Verification as to the restriction on employment under Article 18 and examination of approval for employment;
2. Examination of approval for performing duties under Article 18-2 (3);
3. Examination of duty statements submitted under Article 18-3 (2).
(2) Details to be disclosed about the results of examinations, and the scope of disclosure under paragraph (1), and other necessary matters, shall be determined by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
[This Article Newly Inserted by Act No. 12946, Dec. 30, 2014]
 Article 19-4 (Public Announcements of Employment History of Persons Subject to Employment Screening Based on Duties of Agencies)
(1) A public service ethics committee shall annually investigate the status of employment of every person subject to employment screening based on the duties of an agency, for ten years from the date of his/her retirement and publicly announce the employment history on the web-site designated by the public service ethics committee by the end of February of the following year.
(2) Where a person subject to employment screening based on the duties of an agency is employed by any employment-restricted institution during the ten-year period after his/her retirement, he/she shall report his/her employment to the head of the institution with which he/she was affiliated before retirement, within one month from the date of employment. In such cases, upon receipt of such report, the head of the institution with which he/she was affiliated before retirement shall, without delay, notify the competent public service ethics committee thereof.
(3) Details to be investigated and publicly announced regarding the status of employment, and procedures therefor under paragraph (1), details to be reported and procedures therefor under paragraph (2), and other necessary matters, shall be determined by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, or Presidential Decree.
[This Article Newly Inserted by Act No. 12946, Dec. 30, 2014]
CHAPTER V SUPPLEMENTARY PROVISIONS
 Article 20 (Agency in Charge of Planning and General Affairs)
The Minister of Personnel Management shall have overall control of the planning and general affairs concerning registration of property and disclosure thereof, sale or trust of stocks, reporting on gifts, restrictions on the employment of retired public officials, restrictions on activities, etc. under this Act. <Amended by Act No. 11690, Mar. 23, 2013; Act No. 12844, Nov. 19, 2014; Act No. 12946, Dec. 30, 2014>
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 20-2 (Reporting to National Assembly, etc.)
(1) Every public service ethics committee shall submit an annual report on registration of property, a report on gifts, the status and supervision of restrictions on the employment of retired public officials (if the employment is approved pursuant to the proviso to Article 17 (1), or eligibility for employment is notified as a result of examination under Article 18 (3), such results shall be included) as well as its activities in the preceding year before the ordinary session of the National Assembly begins or before the second regular session of the relevant local council begins. <Amended by Act No. 10982, Jul. 29, 2011; Act No. 12946, Dec. 30, 2014>
(2) Matters necessary for preparing annual reports referred to in paragraph (1) shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 20-3 (Deemed Public Officials in Application of Penalty Provisions)
The chairpersons and members of public service ethics committees and the Examination Committee on Blind Trust of Stocks established under Article 14-5, who are not public officials, shall be deemed public officials in the application of Articles 129 through 132 of the Criminal Act.
[This Article Newly Inserted by Act No. 13695, Dec. 29, 2015]
 Article 21 (Delegated Provisions)
Matters necessary for the enforcement of this Act shall be prescribed by the National Assembly Regulations, the Supreme Court Regulations, the Constitutional Court Regulations, the National Election Commission Regulations, Presidential Decree or the Municipal Ordinance of the relevant local government.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
CHAPTER VI DISCIPLINARY ACTION AND PENAL PROVISIONS
 Article 22 (Disciplinary Action, etc.)
The competent public service ethics committee may demand a resolution on dismissal or discipline of a public official or an executive officer or employee of a public service-related organization, if: <Amended by Act No. 10982, Jul. 29, 2011; Act No. 13695, Dec. 29, 2015>
1. He/she fails to register his/her property in violation of Article 5 (1);
2. He/she fails to submit a report on the changes in his/her property or a report on the details of stock trade, or to submit explanatory material in violation of Articles 6 (1) (including Article 6 (3) relating to a report on changes in property where he/she is required to file a report on changes in property under Article 6 (1) within three months after he/she becomes liable for registration) and (8), 6-2 and 11 (1);
3. He/she falsely vindicates in response to a request for vindication made by the relevant public service ethics committee under Article 8 (13), or submits falsified data;
4. He/she fails to vindicate or submit evidentiary data without good cause in violation of Article 8 (14);
5. He/she inspects or reproduces, permits an inspection or reproduction of, registered matters, without permission in violation of Article 10 (3) (including the case to which such provision applies mutatis mutandis under Article 11 (2));
6. He/she has registered his/her property untruthfully, such as making a false registration, etc. in violation of Article 12 (1) (including the case to which such provision applies mutatis mutandis under Articles 6-2 (4) and 11 (2));
7. He/she fails to comply with an examination of the relevant public service ethics committee, etc. on the registered matters in violation of Article 12 (2) (including the case to which such provision applies mutatis mutandis under Articles 6-2 (4) and 11 (2));
8. He/she uses matters concerning registered property for any purpose other than the purposes prescribed by this Act in violation of Article 13 (including the case to which such provision applies mutatis mutandis under Articles 6-2 (4) and 11 (2));
9. He/she divulges matters concerning registered property to a third person in violation of Article 14 (including the case to which such provision applies mutatis mutandis under Articles 6-2 (4), 11 (2) and 14-4 (6));
10. He/she fails to report, in violation of Article 14-4 (1);
11. He/she acquires stocks or fails to submit a report thereon in violation of Article 14-6;
12. He/she requests information on management, operation and disposal of trust property in violation of the main sentence of Article 14-7 (1);
13. He/she participates in the management, operation and disposal of trust property in violation of Article 14-7 (2);
14. He/she terminates a contract for blind trust of stocks in violation of Article 14-10 (2);
14-2. He/she performs the duties relevant to the stocks he/she owns or has placed in a blind trust, in violation of Article 14-11 (1), although he/she could avoid the duties relevant to such stocks, or fails to file a report in violation of Article 14-11 (4);
15. He/she fails to report or hand over any gift received from a foreign country or foreigner in violation of Article 15;
16. He/she fails to report on a request for an unfair favor or assistance, to the head of the agency with which he/she is affiliated, in violation of Article 18-4 (2);
17. He/she has made a request for employment in violation of Article 18-5 (1).
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 23 (Recommendation of Correction)
Where the head of a Government agency, local government, or public service-related organization assists a person subject to employment screening to be employed by an employment-restricted institution related to the business referred to in the subparagraphs of Article 17 (2) in violation of Article 18-5 (2), the competent public service ethics committee may recommend correction thereof. In such cases, the head of the Government agency, local government, or public service-related organization in receipt of such recommendation shall comply therewith except in exceptional circumstances. <Amended by Act No. 12946, Dec. 30, 2014>
[This Article Newly Inserted by Act No. 10982, Jul. 29, 2011]
 Article 24 (Crime of Refusal of Property Registration)
(1) When a person liable for registration refuses to register the property without any justifiable reason, he/she shall be punished by imprisonment for not more than one year or by a fine not exceeding ten million won.
(2) When a candidate for public office provided in Article 10-2 (1) and (2) fails to submit a report on any property to be registered without any justifiable reason, he/she shall be punished by imprisonment for not more than six months or by a fine not exceeding five million won.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 24-2 (Crime of Refusal of Blind Trust of Stocks)
When a person, etc. subject to the disclosure of property fails to sell stocks possessed by him/her or place them into a blind trust in violation of Article 14-4 (1) or 14-6 (2) without any justifiable reason, he/she shall be punished by imprisonment for not more than one year or by a fine not exceeding ten million won.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 25 (Crime of Submission, etc. of False Data)
When the head of each institution, organization or enterprise who has been demanded to submit the report, data, etc. under Article 8 (4) and (5) (including the case where it is applied mutatis mutandis under Articles 6-2 (4), 11 (2) and 14-4 (6)) or Article 14-5 (10) by any public service ethics committee (including the head of registration agency, etc. to which the public service ethics committee delegates the authority on property registration under Article 8 (11); hereafter in Article 26, the same shall apply) or the Examination Committee on Blind Trust of Stocks, has submitted a false report or false data, or refuses to submit a report or data without any justifiable reasons, he/she shall be punished by imprisonment for not more than one year or by a fine not exceeding ten million won.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 26 (Crime of Refusal of Attendance)
When a person has received the demand from the relevant public service ethics committee under Article 8 (6) (including the case where it is applied mutatis mutandis under Articles 6-2 (4), 11 (2) and 14-4 (6)) to appear before the committee, but fails to comply with such demand without any justifiable reason, he/she shall be punished by imprisonment for not more than six months or by a fine not exceeding five million won.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 27 (Crime of Inspection and Reproduction without Permission)
When a person inspects or reproduces matters regarding registered property or makes another person do so, without permission, in violation of Article 10 (3) (including the case where it is applied mutatis mutandis under Article 11 (2)), he/she shall be punished by imprisonment for not more than one year or by a fine not exceeding ten million won.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 28 (Crime of Disclosure of Secret)
(1) If a person who is or was engaged in the property registration affairs, or other person who has learned of matters regarding registered property in the course of performing his/her duties, discloses the matters regarding registered property other than those which are made open to the public, without any justifiable reason in violation of Article 14 (including the case where it is applied mutatis mutandis under Articles 6-2 (4), 11 (2) and 14-4 (6)), he/she shall be punished by imprisonment for not more than one year or by a fine not exceeding ten million won.
(2) If a person who has been furnished materials concerning the details of financial transactions discloses such materials to another person, or uses them for other purpose in violation of Article 14-3 (including the case where it is applied mutatis mutandis under Articles 6-2 (4), 11 (2) and 14-4 (6)), he/she shall be punished by imprisonment for not more than three years, or by a fine not exceeding twenty million won.
(3) The imprisonment and the fine as referred to in paragraph (2) may be imposed concurrently.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 28-2 (Violation against Prohibition of Participation in Blind Trust of Stocks)
(1) When a person, etc. subject to disclosure of property or any of his/her interested parties requests information pertaining to management, operation and disposal of trust property in violation of the main sentence of Article 14-7 (1), or an executive officer or employee of a trust company, collective investment company, investment company, investment trader, or investment broker complies with a request for such information, the person, executive officer or employee shall be respectively punished by imprisonment for not more than one year, or by a fine not exceeding ten million won.
(2) A person, etc. subject to disclosure of property or any of his/her interested parties who participates in the management, operation and disposal of trust property in violation of Article 14-7 (2), shall be punished by imprisonment for not more than one year, or by a fine not exceeding ten million won.
[This Article Wholly Amended by Act No. 9402, Feb. 3, 2009]
 Article 29 (Violations of Restriction on Employment, Restriction on Engaging in Business, and Restriction on Activities)
Any of the following persons shall be punished by imprisonment for not more than two years, or by a fine not exceeding twenty million won: <Amended by Act No. 12946, Dec. 30, 2014>
1. A person employed by an employment-restricted institution, in violation of Article 17 (1);
2. A person who engages in, post-retirement, business he/she directly engaged in during his/her active service, in violation of Article 18-2 (1);
3. A person who requests an unfair favor or assistance from an executive officer or employee of the agency with which he/she was affiliated before his/her retirement, in violation of Article 18-4 (1).
[This Article Wholly Amended by Act No. 10982, Jul. 29, 2011]
 Article 30 (Administrative Fines)
(1) Any person who performs the duties of an agency with which he/she was affiliated, between two years before his/her retirement up to the time of retirement, in violation of Article 18-2 (2), shall be punished by an administrative fine not exceeding fifty million won: <Amended by Act No. 13695, Dec. 29, 2015>
(2) Any of the following persons shall be punished by an administrative fine not exceeding twenty million won: <Amended by Act No. 12946, Dec. 30, 2014; Act No. 13695, Dec. 29, 2015>
1. A person subject to an administrative fine by a decision of the relevant public service ethics committee pursuant to Article 8-2 (1) 2 (including the case to which such provision applies mutatis mutandis under Articles 6-2 (4), 11 (2), and 14-4 (6));
2. A person who falsely vindicates or submits false data in response to a request for vindication made by the relevant public service ethics committee under Article 8 (13);
3. A person who fails to vindicate or submit requested materials without good cause in violation of Article 8 (14);
4. The head of an employment-restricted institution that rejects a request to submit data under Article 19-2 (3) without good cause, or submits false data.
(3) Any of the following persons shall be punished by an administrative fine not exceeding ten million won: <Amended by Act No. 12946, Dec. 30, 2014; Act No. 13695, Dec. 29, 2015>
1. A person who perform the duties relevant to the stocks he/she owns or has placed in a blind trust, in violation of Article 14-11 (1), although he/she could avoid the duties relevant to such stocks, or fails to file a report in violation of Article 14-11 (4);
2. A person employed by an employment-restricted institution without requesting verification as to whether his/her employment is restricted, in violation of Article 18 (1);
3. A person who fails to submit a duty statement, in violation of Article 18-3 (1), or submits a false duty statement;
4. The head of an employment-restricted institution who rejects a demand for dismissal under Article 19 (2);
5. A person who fails to report his/her employment in an employment-restricted institution to the head of the institution with which he/she was affiliated before his/her retirement, within one month from the date of employment, in violation of the forepart of Article 19-4 (2).
(4) The competent public service ethics committee shall notify the court having jurisdiction over trials on the administrative fine under the Non-Contentious Case Procedure Act of the violations committed by persons subject to administrative fines under paragraphs (1) through (3).
[This Article Wholly Amended by Act No. 10982, Jul. 29, 2011]
ADDENDUM
This Act shall enter into force on January 1, 1983.
ADDENDA <Act No. 3993, Dec. 4, 1987>
Article 1 (Enforcement Date)
This Act shall enter into force on February 25, 1988.
Articles 2 through 4 Omitted.
ADDENDA <Act No. 4017, Aug. 5, 1988>
Article 1 (Enforcement Date)
This Act shall enter into force on September 1, 1988. (Proviso Omitted.)
Articles 2 through 8 Omitted.
ADDENDA <Act No. 4408, Nov. 30, 1991>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA <Act No. 4566, Jun. 11, 1993>
Article 1 (Enforcement Date)
This Act shall enter into force one month after the date of its promulgation: Provided, That the provisions regarding the property registration and opening of registered matters to the public with respect to the heads of local government, local councilmen, members of educational committees, public officials under the control of local government and officers and employees of competent public service-related organizations under the control of local government shall enter into force two months after the date of its promulgation.
Article 2 (Transitional Measures)
(1) Any person liable for registration at the time when this Act enters into force shall register his/her property existing on the enforcement date of this Act with the registration agency within one month after the enforcement date of this Act.
(2) With respect to public officials whose property is to be made open to the public at the time when this Act enters into force, the competent public service ethics committee shall open to the public such registered matters as referred to in paragraph (1) by inserting them in the Official Gazette or public bulletins within one month after the expiration of the registration period.
(3) With respect to matters registered by a public official whose property is to be made open to the public at the time when this Act enters into force, the competent public service ethics committee shall complete the examination as provided in Article 8 within three months after such opening of materials to the public as referred to in paragraph (2).
(4) Documents concerning the public official property registration submitted to the registration agency under the previous provisions at the time when this Act enters into force shall be repealed on the enforcement date of this Act.
ADDENDA <Act No. 4739, Mar. 16, 1994>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 11 Omitted.
ADDENDUM <Act No. 4853, Dec. 31, 1994>
This Act shall enter into force on the date of its promulgation.
ADDENDA <Act No. 5108, Dec. 29, 1995>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Articles 2 through 8 Omitted.
ADDENDUM <Act No. 5454, Dec. 13, 1997>
This Act shall enter into force on January 1, 1998. (Proviso Omitted.)
ADDENDA <Act No. 5491, Dec. 31, 1997>
Article 1 (Enforcement Date)
This Act shall enter into force on April 1, 1998.
Articles 2 through 8 Omitted.
ADDENDA <Act No. 5493, Dec. 31, 1997>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 14 Omitted.
ADDENDA <Act No. 5681, Jan. 21, 1999>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA <Act No. 6087, Dec. 31, 1999>
(1) (Enforcement Date) This Act shall enter into force on January 1, 2000.
(2) through (4) Omitted.
ADDENDA <Act No. 6306, Dec. 29, 2000>
Article 1 (Enforcement Date)
This Act shall enter into force on July 1, 2001.
Articles 2 through 12 Omitted.
ADDENDA <Act No. 6388, Jan. 26, 2001>
(1) (Enforcement Date) This Act shall enter into force three months after the date of its promulgation.
(2) (Application Example) The amendments to Article 6-2 shall be applicable to the stock trade performed after the enforcement date of this Act, and those to Article 17 to the persons retired after the enforcement date of this Act.
(3) Omitted.
ADDENDA <Act No. 6494, Jul. 24, 2001>
(1) (Enforcement Date) This Act shall enter into force six months after the date of its promulgation.
(2) Omitted.
ADDENDA <Act No. 6861, Mar. 12, 2003>
(1) (Enforcement Date) This Act shall enter into force three months after the date of its promulgation.
(2) and (3) Omitted.
ADDENDA <Act No. 7189, Mar. 12, 2004>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 18 Omitted.
ADDENDA <Act No. 7335, Jan. 14, 2005>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 12 Omitted.
ADDENDA <Act No. 7493, May 18, 2005>
(1) (Enforcement Date) This Act shall enter into force six months after the date of its promulgation.
(2) (Transitional Measures on Existing Persons, etc. Subject to Disclosure of Property) Where the gross value of stocks possessed by a person subject to disclosure of property and his/her interested persons at the time this Act enters into force has exceeded the amount prescribed by Presidential Decree within the scope of ten million won to 50 million won, the relevant persons, etc. subject to disclosure of property shall sell relevant stocks or place them into a blind trust within one month from the date when this Act enters into force under Article 14-4 (1), and submit a report thereon to the registration agency.
ADDENDA <Act No. 7796, Dec. 29, 2005>
Article 1 (Enforcement Date)
This Act shall enter into force on July 1, 2006.
Articles 2 through 6 Omitted.
ADDENDA <Act No. 7849, Feb. 21, 2006>
Article 1 (Enforcement Date)
This Act shall enter into force on July 1, 2006. (Proviso Omitted.)
Articles 2 through 41 Omitted.
ADDENDA <Act No. 8098, Dec. 28, 2006>
(1) (Enforcement Date) This Act shall enter into force six months after the date of its promulgation: Provided, That the amended provisions of Articles 6 (1) and (3) and 11 shall enter into force on January 1, 2007.
(2) (Transitional Measure concerning Person who is Refusing to Report) With respect to any person who is refusing to report pursuant to the previous provisions at the time this Act enters into force, the person liable for registration shall file an application for permission for the refusal of the notification with the competent public service ethics committee within 15 days from the date this Act enters into force pursuant to the amended provisions of Article 12 (4) and the competent public service committee shall determine whether to grant permission within one month from the date the application therefor is filed and notify the person liable for the registration of the result.
ADDENDA <Act No. 8435, May 17, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2008. (Proviso Omitted.)
Articles 2 through 9 Omitted.
ADDENDA <Act No. 8635, Aug. 3, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force 18 months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 44 Omitted.
ADDENDA <Act No. 8852, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Act No. 8863, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDA <Act No. 8872, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA <Act No. 9356, Jan. 30, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 Omitted.
ADDENDA <Act No. 9402, Feb. 3, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation: Provided, That the amended provisions of Articles 4 (2) and (3), 14-4 (1) 2, 14-7, and 28-2 shall enter into force on February 4, 2009.
Article 2 (Transitional Measures)
Any married woman liable for registration whose property is registered pursuant to the former provisions at the time this Act enters into force shall, notwithstanding the amended provisions of Article 4 (1) 3, be governed by the former provisions.
Article 3 Omitted.
ADDENDA <Act No. 9617, Apr. 1, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Articles 2 through 13 Omitted.
ADDENDA <Act No. 10148, Mar. 22, 2010>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDA <Act No. 10465, Mar. 29, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Act No. 10982, Jul. 29, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force three months after the date of its promulgation: Provided, That the amended provisions of Articles 3 (1) 8 and 5 (1) 10 through 12, the partial provisions other than each subparagraph of Article 9 (1), Articles 9 (2) 5 and 7, 9 (4) 6 and 10 (1) 7 and 8 shall enter into force on July 1, 2012.
Article 2 (Applicable Cases concerning First Person Liable for Registration of Property)
The amended provisions of Article 5 (1) shall apply, starting from the first person to become liable for registration after this Act enters into force.
Article 3 (Applicable Cases concerning Restriction on Employment)
(1) The amended provisions of Articles 17 (1) 3 through 6, 17 (2) 7 and 17 (4) shall apply, starting from the first public official, executive, or employee of a public serve-related organization to retire after this Act enters into force.
(2) The amended provisions of Article 18 concerning a request for the confirmation of whether employment is restricted shall apply, starting from the first public official, executive, or employee of a public serve-related organization who intends to work for a private enterprise, etc. the employment by which is restricted.
Article 4 (Applicable Cases concerning Restriction, etc. on Business Handling by Retired Public Officials)
(1) With regard to public officials and executives and employees of public service-related organizations who retired before this Act enters into force, the amended provisions of Article 18-2 (1) and (3) (limited to a part concerning paragraph (1) of the said Article) shall apply, starting from the first business affairs to be handled after this Act enters into force.
(2) The amended provisions of Articles 18-2 (2) and (3) (limited to a part concerning paragraph (2) of the said Article) and 18-3 shall apply, starting from the first public official, executive, or employee of a public serve-related organization to retire after this Act enters into force.
ADDENDA <Act No. 11141, Dec. 31, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force on September 1, 2012. (Proviso Omitted.)
Articles 2 through 22 Omitted.
ADDENDA <Act No. 11530, Dec. 11, 2012>
Article 1 (Enforcement Date)
This Act shall enter into force one year after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Act No. 11690, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDA <Act No. 11845, May 28, 2013>
Article 1 (Enforcement Date)
This Act shall enter into force three months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 17 Omitted.
ADDENDA <Act No. 11873, Jun. 7, 2013>
Article 1 (Enforcement Date)
This Act shall enter into force on July 1, 2013.
Articles 2 through 19 Omitted.
ADDENDA <Act No. 12844, Nov. 19, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Act No. 12946, Dec. 30, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force three months after the date of its promulgation: Provided, That the following amended provisions shall enter into force on the date of their promulgation:
1. Article 3 (1) 13;
2. Article 17 (2) 5;
3. Article 17 (4) (limited to the amended part other than "private enterprise, etc.");
4. Article 17 (5);
Article 2 (Applicability to Restrictions on Employment, etc. of Retired Public Officials)
The amended provisions of Articles 17 (1), (3), (6) and (7), 18 (1), 18-2 (2), 18-3 (1), 19-2 (1) and 19-4, the main sentence of Article 29, and Article 30 (3) 4 shall begin to apply from a person subject to employment screening who first retires after this Act enters into force.
Article 3 Omitted.
ADDENDA <Act No. 13695, Dec. 29, 2015>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation: Provided, That the amended Articles 3 (1) 8, 5 (1) 11, 9 (2) 7, 9-2, 10 (1) 7, 14-12, 15 (1), 19-2, 20-3, and 30 (1) and (2) 4 shall enter into force on the date of promulgation.
Article 2 (Applicability to Ex Officio Re-Examination by Public Service Ethics Committee and Examination Committee for Blind Trust of Stocks)
The amended Articles 9-2 and 14-12 shall begin to apply from the decisions made by a public service ethics committee or the Examination Committee on Blind Trust of Stocks with respect to Article 9 (1) 1 or 3 or Article 14-5 (7), after this Act enters into force.
Article 3 (Applicability to Prohibition on Performing Duties in Conflicts of Interest)
The amended Article 14-11 shall also apply where a contract for blind trust of stocks has been concluded before this Act enters into force and all stocks placed in the blind trust have not been disposed of as at the time this Act enters into force.
Article 4 (Applicability to Change of Position of Persons, etc. Subject to Disclosure of Property who Owns Stocks)
The amended Article 14-13 shall begin to apply from a person, etc. subject to disclosure of property, who becomes obligated to sell stocks or to place stocks in a blind trust pursuant to Article 14-4 (1), after this Act enters into force.
Article 5 (Transitional Measures concerning Change of Time for Registration, etc. of Property)
Former provisions shall apply to the deadline for registration and reporting of property by a person who has become liable for registration or reporting before this Act enters into force, notwithstanding the amended Articles 5 (1), 6 (2), 6-3 (3), 10 (2), and 11 (1).
Article 6 (Transitional Measures concerning Change of Person Subject to Deferment of Reporting on Changes in Property)
Former provisions shall apply to the deferment of a report on changes in property to be filed by a person who has become liable for registration before this Act enters into force, notwithstanding the amended Article 6 (3) and subparagraph 2 of Article 22.
ADDENDA <Act No. 13722, Jan. 6, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force one year and six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 10 Omitted.
ADDENDA <Act No. 13796, Jan. 19, 2016>
Article 1 (Enforcement Date)
This Act shall enter into on September 1, 2016.
Articles 2 through 4 Omitted.
ADDENDA <Act No. 14609, Mar. 21, 2017>
Article 1 (Enforcement Date)
This Act shall enter into force three months after the date of its promulgation. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Act No. 14839, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation: Provided, That amendments to the Acts which were promulgated before this Act enters into force but the enforcement date of which has not arrived yet, among the Acts amended by Article 5 of the Addenda, shall enter into force on the enforcement date of the respective Act.
Articles 2 through 6 Omitted.