Law Viewer

Back Home

ENFORCEMENT DECREE OF THE ACT ON SPECIAL MEASURES FOR THE PROMOTION OF SPECIALIZED ENTERPRISES, ETC. FOR MATERIALS AND COMPONENTS

Presidential Decree No. 17187, Mar. 31, 2001

Amended by Presidential Decree No. 17305, Jul. 16, 2001

Presidential Decree No. 17791, Dec. 5, 2002

Presidential Decree No. 18039, jun. 30, 2003

Presidential Decree No. 18828, May 13, 2005

Presidential Decree No. 18911, jun. 30, 2005

Presidential Decree No. 19321, Feb. 8, 2006

Presidential Decree No. 19383, Mar. 10, 2006

Presidential Decree No. 20261, Sep. 10, 2007

Presidential Decree No. 20342, Oct. 26, 2007

Presidential Decree No. 20678, Feb. 29, 2008

Presidential Decree No. 20789, May 21, 2008

Presidential Decree No. 20947, Jul. 29, 2008

Presidential Decree No. 21461, Apr. 30, 2009

Presidential Decree No. 21480, May 6, 2009

Presidential Decree No. 21566, jun. 26, 2009

Presidential Decree No. 21692, Aug. 18, 2009

Presidential Decree No. 21835, Nov. 20, 2009

Presidential Decree No. 21954, Dec. 31, 2009

Presidential Decree No. 22269, Jul. 12, 2010

Presidential Decree No. 22356, Aug. 25, 2010

Presidential Decree No. 22493, Nov. 15, 2010

Presidential Decree No. 22626, Jan. 17, 2011

Presidential Decree No. 22637, Jan. 24, 2011

Presidential Decree No. 22977, jun. 24, 2011

Presidential Decree No. 23928, Jul. 4, 2012

Presidential Decree No. 24442, Mar. 23, 2013

Presidential Decree No. 24955, Dec. 11, 2013

Presidential Decree No. 25050, Dec. 30, 2013

Presidential Decree No. 25751, Nov. 19, 2014

Presidential Decree No. 25840, Dec. 9, 2014

Presidential Decree No. 26205, Apr. 20, 2015

Presidential Decree No. 26369, jun. 30, 2015

Presidential Decree No. 27205, May 31, 2016

Presidential Decree No. 27506, Sep. 22, 2016

Presidential Decree No. 28212, Jul. 26, 2017

 Article 1 (Purpose)
The purpose of this Decree is to provide for matters delegated by the Act on Special Measures for the Promotion of Specialized Enterprises, etc. for Materials and Components, and other matters necessary for the implementation thereof <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 26205, Apr. 20, 2015>
 Article 2 (Scope of Materials and Components)
Materials and components provided for in Article 2 (1) of the Act on Special Measures for the Promotion of Specialized Enterprises, etc. for Materials and Components (hereinafter referred to as the “Act”) shall be any of the following materials and components (limited to the categories of business as listed in attached Table 1), which are prescribed by Ordinance of the Ministry of Trade, Industry and Energy: <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
1. Materials and components which contribute much to the high value addition of end products;
2. Materials and components incorporating advanced technology or full-fledged high-technology, which have substantial technological spillover or create a value-added effect;
3, Materials and components which constitute an industrial foundation or substantially increase great industrial linkage.
 Article 2-2 (Scope of Production Facilities for Materials and Components)
Production Facilities for Materials and Components (hereinafter referred to as "production facilities") provided for in the subparagraph 1-2 of Article 2 of the Act refers to production facilities, as any of the following production facilities, directly used for the production of materials and components, which are determined and publicly notified by the Minister of Trade, Industry and Energy: <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
1. Production facilities which contribute much to the high value addition of materials and components;
2. Production facilities incorporating advanced technology or full-fledged high-technology, which have substantial technological spillover or create a value-added effect.
[This Article Newly Inserted by Presidential Decree No. 18828, May 13, 2005]
 Article 3 (Specialized Enterprises, etc. for Materials and Components)
(1) Specialized enterprises for materials and components provided for in the subparagraph 2 (a) of Article 2 of the Act refers to enterprises whose ratio of the sales volume (that calculated by the methods under Article 7 of the Framework Act on Small and Medium Enterprises; hereinafter the same shall apply) of materials and components or production facilities to the sales turnover is at least 50/100. <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 26205, Apr. 20, 2015>
(2) “Criteria prescribed by Presidential Decree" in the subparagraph 2 (b) of Article 2 of the Act refers to where the sales volume of materials and components or production facilities of the relevant enterprise to the affiliated companies occupies less than 50/100 of its sales turnover. <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
(3) Deleted. <by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 4 (Formulation, etc. of Basic Plan)
(1) If necessary for the formulation of the basic plan for the development of materials and components provided for in Article 3 (1) of the Act (hereinafter referred to as “basic plan"), the Minister of Trade, Industry and Energy may determine the guidelines on preparation of a sectoral plan for the above-mentioned development thereof by central administrative agency and inform the heads of the relevant central administrative agencies thereof. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
(2) According to the preparation guidelines provided for in paragraph (1), the heads of the relevant central administrative agencies shall prepare a sectoral plan regarding the affairs under his/her jurisdiction and submit it to the Minister of Trade, Industry and Energy. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(3) Where it is deemed that any adjustment to the sectoral plans formulated by the heads of the relevant central administrative agencies pursuant paragraph (2) is required because they have mutually overlapping or conflicting content, the Minister of Trade, Industry and Energy may require the modification, supplement or adjustment thereof. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(4) Where th basic plan is finalized pursuant to Article 3 (2) of the Act, the Minister of Trade, Industry and Energy shall publicly announce it without delay. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(5) The Minister of Trade, Industry and Energy and the heads of the relevant central administrative agency shall preferentially endeavor to secure the funds necessary for the implementation of the basic plan. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 5 (Formulation and Execution of Implementation Plan)
(1) Pursuant to Article 4 (2) of the Act, the heads of the relevant central administrative agencies shall submit the previous year's outcomes of an implementation plan for the development of materials and components (hereinafter referred to as "implementation plan") and the next year's implementation plan to the Materials and Components Development Committee by Apr. 30 every year. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) In establishing an implementation plan, the head of the relevant central administrative agencies shall link it with the basic plan and consult with the Minister of Trade, Industry and Energy. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(3) Where implementation plans submitted by the heads of the relevant central administrative agencies are finalized after deliberation by the Materials and Components Development Committee, the Minister of Trade, Industry and Energy shall summarize and publicly announce such implementation plans. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
(4) Where intending to modify an implementation plan, the heads of the relevant central administrative agencies shall inform the Minister of Trade, Industry and Energy thereof after deliberation by the Materials and Components Development Committee. In such cases, the Minister of Trade, Industry and Energy shall publicly announce the modified content thereof. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
 Article 6 (Collation of Statistics concerning Materials and Components, and Production Facilities thereof, and other Relates Matters)
(1) The scope of the subject matters of the collation of statistics in the fields of Materials and Components provided for in Article 5 (1) of the Act shall be limited to the categories of business as listed in attached Table 1, and the subject matters of survey for collating such statistics shall be those enterprises which conduct such categories of business. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) The scope of the subject matters of the collation of statistics in the field of Production Facilities shall be limited to the categories of business determined and publicly notified by the Minister of Trade, Industry and Energy and the subject matters of survey for collating such statistics shall be enterprises which conduct such categories of business. <Newly Inserted by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(3) Matters requiring survey, survey methods, and survey intervals necessary for the collation of statistics provided for in paragraphs (1) and (2), and other necessary matters, shall be prescribed by Ordinance of the Ministry of Trade, Industry and Energy. <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 6-2 (Verification of Specialized Enterprises for Materials and Components)
(1) An enterprise which intends to be verified as a specialized enterprise for materials and components pursuant to Article 5-2 (1) of the Act shall file an application with the Minister of Trade, Industry and Energy by submitting a written application prescribed by Ordinance of the Ministry of Trade, Industry and Energy, together with the documents prescribed by Ordinance of the Ministry of Trade, Industry and Energy such as a document evidencing the sales volume of materials and components or production facilities thereof falling under Article 3 (1) and (2).
(2) Where receiving an application pursuant to paragraph (1), the Minister of Trade, Industry and Energy may conduct a documentary survey or on-site survey in order to verify whether the relevant enterprise falls under Art 3 (1) and (2).
(3) "Effective period as determined by Presidential Decree" in Article 5-2 (2) of the Act refers to there years from the issuance date of a written verification of a specialized enterprise for materials and components.
(4) The Minister of Trade, Industry and Energy may conduct a documentary survey or on-site survey, if necessary for verifying whether an enterprise verified as a specialized enterprise for materials and components maintain the requirements for a specialized enterprise for materials and components.
(5) In addition to matters provided for in paragraphs (1) and (2) regarding verification for receiving the designation of a specialized enterprise for materials and components, other necessary matters shall be determined and publicly notified by the Minister of Trade, Industry and Energy.
[This Article Newly Inserted by Presidential Decree No. 26205, Apr. 20, 2015]
 Article 7 (Organization and Registration Requirements, etc. of Specialized Investment Association for Materials and Components)
(1) A specialized investment association for materials and components provided for in Article 6 (1) of the Act (hereinafter referred to as “association") shall designate at least one person who represents the relevant association and is responsible for the execution of business thereof (hereinafter referred to as "managing general partners"). In such cases, a managing general partner shall be a person falling under any of the subparagraphs of Article 6 (1) of the Act. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) Requirements for registration of associations shall be as follows: <Amended by Presidential Decree No. 21954, Dec. 31, 2009>
1. The total capital investment therein shall be at least one billion won;
2. The equity shares of managing general partners shall be at least 1/100 of the total capital investment therein;
3. The duration of existence shall be at least five years.
(3) "Persons prescribed by Presidential Decree" in Article 6 (1) 5 refers to any of the following institutions <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20947, Jul. 29, 2008; Presidential Decree No. 22493, Nov. 15, 2010; Presidential Decree No. 22637, Jan. 24, 2011; Presidential Decree No. 26205, Apr. 20, 2015>
1. A bank provided for in Article 2 (1) 2 of the Banking Act;
2. An investment trader, an investment broker, and a collective investment business entity provided for in Article 8 of the Financial Investment Services and Capital Markets Act;
3. Deleted. <by Presidential Decree No. 20947, Jul. 29, 2008>
4. A insurance company provided for in the subparagraph 6 of Article 2 of the Insurance Business Act;
5. An enterprise requiring materials and components, among stock-listed corporations provided for in Article 9 (15) of the Financial Investment Services and Capital Markets Act;
6. A limited-liability company provided for in the Commercial Act which meets all the following requirements;
(a) The total amount of investment is at least 1/100 of the formation amount of an association;
(b) To hold at leat one person who has been engaged in affairs related to investment in any institution provided for in Article 6 (1) of the Act for at least five years, and two persons who have been engaged in affairs related to investment therein for three years.
(4) “Matter prescribed by Presidential Decree" in Article 6 (2) 4 of the Act refers to a plan for loss appropriation.
(5) Where registering an association pursuant to paragraph (2), the Minister of Trade, Industry and Energy shall keep the registration ledger and make it available to the public for inspection. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(6) “Amount of at least the ratio determined by Presidential Decree" in Article 6 (3) of the Act refers to an amount equivalent to at least 51/100 of the investment of an association. <Newly Inserted by Presidential Decree No. 18828, May 13, 2005>
 Article 8 (Operation, etc. of Association)
(1) Managing general partners shall, within three months after each business year ends, submit the year-end balance sheet to the Minister of Trade, Industry and Energy, together with a written opinion on audit and inspection prepared by the certified accountant. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(2) The Minister of Trade, Industry and Energy may determine the standard by-laws for the efficient operation of associations. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 9 (Investment, etc. of Funds to Specialized Enterprises for Materials and Components, etc.)
"Funds prescribed by Presidential Decree" in the subparagraphs 1 and 2 of Article 8 of the Act, refers to the funds as listed attached Table 2.
 Article 10 (Composition and Operation of Joint Research Group for Materials and Components)
(1) In order to efficiently operate the Joint Research Group for materials and components under Article 9 (1) of the Act (hereinafter referred to as “Joint Research Group"), there shall be established an operating committee under the Joint Research Group, the members of which are the heads of institutions and organizations falling under Article 9 (1) of the Act. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) The Joint Research Group shall have a chairperson, and the chairperson shall be elected from among and by the members of the operating committee
(3) In addition to matters provided for in paragraph (1) and paragraph (2), other matters necessary for the operation, etc. of the Joint Research Group shall be determined by the chairperson of the Joint Research Group, following consultation with the Minister of Trade, Industry and Energy. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 11 (Project for Technology Support of Joint Research Group)
(1) The conditions of the dispatch service of a dispatched researcher such as the period of dispatch service, remuneration, etc. provided for in Article 10 (1) 1 of the Act shall be as agreed among the three parties, (namely, the dispatched researcher, the head of the institution to which the dispatched researcher belongs and the representative of the specialized enterprises for materials and components to which the researcher is dispatched); <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) "Matters specified by Presidential Decree" in Article 10 (1) 4 of the Act refers to the following matters:
1. Provision of analysis data concerning domestic and overseas technological trends;
2. Arrangement of technological cooperation with foreign research institutes or enterprises;
3. Transmission of foreign advanced technologies.
(3) If it is impossible to comply with such request due to any inevitable reason, the head of any member of the Joint Research Group in receipt of a request for support pursuant to Article 10 (2) of the Act shall submit a document specifying the reason to the Joint Research Group without delay.
 Article 12 (Evaluation of Performance Records of Technical Assistance)
(1) In order to make efficient evaluations under the provisions of Article 10 (4) of the Act, the Minister of Trade, Industry and Energy shall prepare standards for evaluation following consultation with the heads of the relevant central administrative agencies and notify the heads of the members of the Joint Research Group of such standards by the end of January every year. <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(2) According to the standards for evaluation provided for in paragraph (1), the heads of the members of the Joint Research Group shall evaluate the performance records of technical assistance of the relevant members of he Joint Research Group to specialized enterprises for materials and components and notify the Minister of Trade, Industry and Energy of the results of such evaluation. <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
(3) The Minister of Trade, Industry and Energy shall comprehensively evaluate the results notified pursuant to the provisions of paragraph (2) and notify the results of the evaluation. <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 13 (Institutions Eligible to Request Favorable Treatment )
"The heads of the relevant central administrative agencies specified by Presidential Decree" in Article 10 (5) of the Act refers to the following heads of the relevant central administrative agencies: <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 28212, Jul. 26, 2017>
1. Institutions provided for in each item of Article 9 (1) 1 of the Act: the Minister of Science and ICT;
2. Institutions provided for in Article 9 (1) 2 of the Act: the Minister of Science and ICT;
3. Institutions and organizations provided for in Article 9 (1) 4 of the Act: the heads of the relevant central administrative agencies which supervise the relevant Institutions and organizations.
 Article 14 (Support Standards, etc. for Enterprises Specializing in Development of Technology for Components and Materials)
(1) Affairs regarding which the head of the relevant central administrative agency may support enterprises specializing in the development of technology for components and materials pursuant to Article 11 (1) 4 of the Act shall be as follows: <Amended by Presidential Decree No. 19383, Mar. 10, 2006; Presidential Decree No. 26205, Apr. 20, 2015>
1. Support for the commercialization or transfer of developed technologies;
2. Inducement of foreign Investment, and international cooperation on technologies;
3. Where applying industrial property, preferential examination thereof;
4. Support for the opening-up of overseas markets such as the arrangement of participation in an international exhibition.
(2) Where intending to receive support pursuant to Article 11 (2) of the Act, an enterprise specializing in the development of technology for components and materials shall meet the following requirements: <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 19383, Mar. 10, 2006; Presidential Decree No. 26205, Apr. 20, 2015>
1. The number of the staff members exclusively for the development of technology (limited to those persons who have at least a bachelor's degree in the field of natural sciences, who are qualified as at least an engineer under National Technical Qualifications Act, or who have been engaged in the relevant field for at least four years) of the relevant enterprise specializing in the development of technology for materials and components shall be at least 50/100 of all employees thereof;
2. The said enterprise specializing in the development of technology for materials and components shall have research facilities for researching technologies, manufacturing prototypes and providing technology for commercialization as well as equipment necessary for the manufacturing, etc. of prototypes.
(3) An enterprise specializing in the development of technology for materials and components provided for in paragraph (2) may request the head of the relevant central administrative agency to verify its satisfaction of the requirements. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 15 (Designation, etc. of Education and Training Institutions)
(1) The head of the relevant central administrative agency shall, pursuant to Article 12 (1) of the Act, designate a person who meets the following standards for designation as an education and training institution for fostering specialized technology manpower and the improvement of technology: <Amended by Presidential Decree No. 20342, Oct. 26, 2007>
1. Objectives of a project for education and training must be clear and a plan for such project is practicable;
2. Facilities, equipment, and specialized manpower necessary for the education and training shall be secured.
(2) Industrial complexes located in the Seoul Metropolitan Area which are able to designate an education and training institution pursuant to Article 12 (1) 1 of the Act refer to any of the following industrial complexes designated and publicly notified by the Minister of Trade, Industry and Energy; <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
1. An industrial complex, the occupying enterprises of which have unstable supply and demand for specialized technical manpower;
2. An industrial complex in which specialized enterprises for materials and components constitute a large part of the located enterprises;
3. An industrial complex whose system for fostering and training of specialized technical manpower is vulnerable.
(3) Where a person who intends to be designated as an education and training institution pursuant to paragraph (1) wishes to obtain recognition of workplace skill development training courses under Articles 19 and 24 of the Act on the Development of Vocational Skills of Workers, the head of the relevant central administrative agency shall consult with the Minister of Employment and Labor in advance, when designating that person as an education and training institution, and shall, after designating it, notify the Minister of Employment and Labor of such fact. <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 22269, Jul. 12, 2010; Presidential Decree No. 22356, Aug. 25, 2010>
(4) Where designating an education and training institution pursuant to the provisions of paragraph (1), the head of the relevant central administrative agency shall issue a certificate of designation.
(5) “Institutions specified by Presidential Decree" in Article 12 (1) 5 of the Act refers to the following institutions: <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 20789, May 21, 2008; Presidential Decree No. 21461, Apr. 30, 2009; Presidential Decree No. 21480, May 6, 2009>
1. The Korea Institute for Advancement of Technology provided for in Article 38 of the Industrial Technology Innovation Promotion Act;
2. The Korea Productivity Center provided for in Article 32 of the Industrial Development Act;
3. The Korean Standards Association provided for in Article 32 of the Industrial Standardization Act (hereinafter referred to as “Korean Standards Association");
4. The Korea Institute of Ceramic Engineering and Technology provided for in Article 39-2 of the Industrial Technology Innovation Promotion Act.
 Article 16 (Implementation, etc. of Project for Fostering Specialized Technical Manpower)
(1) The head of the relevant central administrative agency shall designate a person who meets the standards for designation under Article 15 (1) as an education and training institution and shall conclude an agreement on the implementation of a project for fostering specialized technical manpower with the said designated education and training institution (hereinafter referred to as “designated education and training institution”).
(2) The agreement provided for in the provisions of paragraph (1) shall include matters concerning the tasks and content of the project for fostering specialized technical manpower, a person in charge of conducting such project, and granting of a subsidy under the provisions of Article 12 (2) of the Act and other related matters as well as matters concerning the amendment of such agreement.
(3) A designated education and training institution may have another university or college, or research institute perform a part of the project for specialized technical manpower.
(4) A designated education and training institution shall submit a performance record of the project for the relevant business year and a plan for the project for the next business year to the head of the relevant central administrative agency before the relevant business year ends. <Amended by Presidential Decree No. 20342, Oct. 26, 2007>
 Article 17 (Payment, etc. of Subsidy)
The head of the relevant central administrative agency may pay in installments a subsidy under the provisions of Article 12 (2) of the Act in consideration of the current status of the implementation of a project for fostering specialized technical manpower and other related matters.
 Article 18 (Management, Use, etc. of Subsidy)
(1) A designated education and training institution subsidized pursuant to the provisons of Article 17 shall establish a separate account concerning the subsidy and manage it.
(2) A subsidy provided for in the provisions of Article 17 shall be only used for expenses incurred in a project for fostering specialized technical manpower as prescribed by the head of the relevant central administrative agency.
(3) Where a designated education and training institution has used a subsidy for any purpose other than that prescribed in paragraph (2) without any justifiable reason, the head of the relevant central administrative agency may recover all or part of the subsidy.
 Article 19 (Implementation, etc. of Projects for Providing Information on Materials and Components)
(1) Where the head of the relevant central administrative agency have institutions falling under any of the subparagraphs of Article 16 (2) of the Act conduct a project for promoting the production, management, distribution, and use of information about materials and components provided for in Article 16 (1) of the Act (hereinafter referred to as “project for providing information on materials and components"), he/she shall designate an institution responsible for the relevant project (hereinafter referred to as "responsible institution") and conclude an agreement on the relevant project with such responsible institution. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) The provisions of Article 16 (2) through (4) shall apply mutatis mutandis to matters concerning the conclusion, etc. of agreements provided for in paragraph (1) and Articles 17 and 18 shall apply mutatis mutandis to the matters concerning the payment, use, management, etc. of subsidies provided for in Article 16 (4) of the Act. In such cases, “designated education and training institution" shall be construed as "responsible institutions", and a "project for fostering specialized technical manpower" as "a project for providing information on materials and components," respectively. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 20 (Scope of Operators of Project for Providing Information on Materials and Components)
“Other institutions, organizations, or business operators specified by Presidential Decree" in Article 16 (2) 6 of the Act refers to the following institutions, organizations, or business operators: <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20261, Sep. 10, 2007; Presidential Decree No. 21566, Jun. 26, 2009; Presidential Decree No. 21692, Aug. 18, 2009; Presidential Decree No. 21835, Nov. 20, 2009; Presidential Decree No. 26205, Apr. 20, 2015>
1. The National IT Industry Promotion Agency provided for in Article 26 of the Information and Communications Technology Industry Promotion Act;
2. Specific research institutes provided for in the Article 2 of Support of Specific Research Institutes Support Act;
3. The Small & medium Business Corporation provided for in Article 68 of the Small and Medium Enterprises Promotion Act;
4. The Korea Resources Corporation provided for in the Korea Resources Corporation Act;
5. Public interest corporations established pursuant to the Act on the Establishment and Operation of Public Interest Corporations;
6. Non-profit corporations established in accordance with the Civil Act or other Act;
7. Other business operators specializing in the production, management, distribution, etc. of materials and components, whom the head of the relevant central administrative agency designates and publicly notifies on the basis of his/her recognition of the necessity for such designation.
 Article 21 (Verification, etc. of Restructuring)
(1) A person who intends to request verification as to whether he/she shall be subject to restructuring pursuant to the provisons of Article 17 (2) of the Act shall submit a written application for verification of restructuring to the Minister of Trade, Industry and Energy, together with the documents prescribed by Ordinance of the Ministry of Trade, Industry and Energy. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
(2) Where the relevant restructuring falls under any of the following subparagraphs as a result of examining the request for verification under paragraph (1), the Minister of Trade, Industry and Energy shall take measures necessary for supporting such restructuring and notify the head of the relevant central administrative agency of the content of such measures so as to make it possible for such head to provide necessary support: <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
1. To encourage the specialization and enlargement of the industrial sector of materials and components;
2. To enhance efficiency in the research and development, production, sale, etc. of materials and components;
3. To have the objective of securing the competitiveness of the relevant materials and components in world markets.
(3) “Institution determined by Presidential Decree" in the part other than the subparagraphs of Article 17 (6) refers to the Korea Core Industrial Technology Investment Association under Article 21 of the Act (hereinafter referred to as "the Korea Core Industrial Technology Investment Association"). <Newly Inserted by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
(4) “Other projects determined by Presidential Decree" in Article 17 (6) 4 of the Act refers to the following projects: <Newly Inserted by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
1. Discovery of enterprises expected to promote the specialization and enlargement of the industrial sector of materials and components when restructuring such enterprises;
2. Advice on the trade and transfer of technology related to restructuring.
 Article 22 (Implementation of Project for Development of Technology Related to Materials and Components)
(1) The head of the relevant central administrative agency shall formulate and publicly announce a detailed plan for the implementation of a project for the development of technology for materials and components (hereinafter referred to as “development project”) under Article 19 (1) of the Act. <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
(2) Standards for designating project entity for the development of technology for components and materials provided for in Article 19 (1) of the Act shall be as follows: <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
1. To have track records of research and development in the field of technology related to those materials and components subject to development;
2. To have such technical manpower, facilities, and equipment as necessary for the performance of the relevant development tasks.
(3) The head of the relevant central administrative agency shall designate a person who meets requirements for designation under paragraph (2) as a project entity for the development of technology for materials and components, and shall conclude an agreement providing for the following matters, with such designated project entity for the development of technology for materials and components (hereinafter referred to as "designated project entity for technological development"). <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
1. Tasks of the development project;
2. Person responsible for the development project;
3. Amount of a subsidy provided for in the provisons of Article 19 (2) of the Act;
4. Matters concerning the utilization of the outcomes of development and the payment of royalties;
5. Matters concerning the settlement of expenses incurred in the development project;
6. Matters concerning amendment of the agreement.
(4) A designated project entity for technological development may have an institution, organization, or project entity provided for in Article 19 (1) of the Act perform a part of the relevant development project. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(5) The head of the relevant central administrative agency shall issue a certificate of designation to a designated project entity for technological development and inform the Minister of Trade, Industry and Energy of the fact. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015>
 Article 23 (Business Operators Engaged in Technology Development concerning Materials and Components)
“Persons determined by Presidential Decree" in Article 19 (1) 6 of the Act means the following persons: <Amended by Presidential Decree No. 17305, Jul. 16, 2001; Presidential Decree No. 18039, Jun. 30, 2003; Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 22977, Jun. 24, 2011; Presidential Decree No. 26205, Apr. 20, 2015; Presidential Decree No. 27506, Sep. 22, 2016>
1. Research institutes, the Corporations, and not-profit corporations provided for in the provisions of subparagraphs 2 and 4 through 6 of Article 20;
2. Industrial technology research cooperatives provided for in the Industrial Technology Research Cooperatives Support Act;
3. Trade associations provided for in the Article 38 of the Industrial Development Act (hereinafter referred to as "trade associations");
4. Small and medium enterprise cooperatives provided for in the Small and Medium Enterprise Cooperatives Act (hereinafter referred to as "small and medium enterprise cooperatives");
5. Research institutions affiliated with an enterprise recognized under Article 14-2 (1) of the Basic Research Promotion and Technology Development Support Act;
6. Small enterprises provided for in the provisions of Article 2 (2) of the Framework Act on Medium and Small Enterprises;
8. Business entities with a factory registered pursuant to the provisions of Article 16 of the Industrial Cluster Development and Factory Establishment Act.
 Article 24 (Payment, Use and Management, etc. of Subsidy)
 Article 25 (Collection of Royalties)
(1) Where a development project is complete, a project entity for technological development may either directly use the outcomes of the development project in the course of production or allow other persons to use them in the same manner, upon request by such person. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) Where directly using the outcomes of the development project or allowing other persons to use them, a project entity for technological development shall pay royalties as provided for in the agreement under Article 22 (3). <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 26 (Request for Support for Commercialization, etc.)
(1) Where wishing to receive support under Article 20 (1), an enterprise which intends to commercialize the outcomes of a development project under the provisons of Article 19 of the Act shall submit a written application for support, providing for the content of the relevant technological development, a plan for commercialization, the content of the request for support, etc., to the head of the relevant central administrative agency.
(2) The head of the relevant central administrative agency who in receipt of a request for support under paragraph (1) shall examine the validity of such request and notify whether it will provide support, a plan for support, etc. to the applicant within thirty days, except in extenuating circumstances.
(3) An enterprise in receipt of support from the head of the relevant central administrative agency pursuant to paragraph (2) shall submit a report on the results of such project to the said head of the relevant central administrative agency within three months after the relevant project subject to such support is complete.
 Article 27 (Establishment of the Korea Core Industrial Technology Investment Association)
(1) “Institution specified by Presidential Decree" in Article 21 (1) of the Act refers to the following persons: <Amended by Presidential Decree No. 20342, Oct. 26, 2007>
1. A manager of the funds as listed in attached Table 2;
2. Other investors or prospective investors in a development project, recognized by the Korea Core Industrial Technology Investment Association.
(2) The Korea Core Industrial Technology Investment Association shall conduct the following affairs: <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
1. Discovery and fostering prospective enterprises in the field of materials and components;
2. Support for and coordination of investment in project entities for technological development;
3. Ex post facto management of project entities for technological development to which its members have invested;
4. Conciliation of differences between its members or between its member and a project entity for technological development; and the verification and resolution of any workflow problems;
5. Promotion of international industrial cooperation and exchanges in the field of materials and components;
6. Projects falling under any of the subparagraphs of Article 17 of the Act
7. Affairs incidental to those falling under any of the subparagraphs 1 through 6.
(3) A person who intend to establish the Korea Core Industrial Technology Investment Association shall submit a written application to the Minister of Trade, Industry and Energy, together with the documents prescribed by Ordinance of the Ministry of Trade, Industry and Energy. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 28 (Assistances to Projects for International Cooperation)
(1) Where intending to render assistance to international cooperations in the field of materials and components pursuant to Article 23 (1) and (2) of the Act, the head of the relevant central administrative agency shall establish and publicly announce in advance a detailed plan therefor. <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
(2) Where rendering assistance under the provisons of paragraph (1), the head of the relevant central administrative agency shall conclude an agreement with an institution to which such assistance is to be rendered. In such cases, the provisions of Article 16 (2) and (4) shall apply mutatis mutandis.
(3) Where rendering assistance pursuant to paragraph (1), the head of the relevant central administrative agency shall render assistance to a project the spillover effect of which is greater in preference to others. <Amended by Presidential Decree No. 20342, Oct. 26, 2007>
(4) The scope of assistance to the expenses required for international standardization provided for in Article 23 (1) of the Act shall be as follows: <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
1. Expenses for investigation and research into the relevant international standards;
2. Expenses for formulating standards designed to be proposed as international standards;
3. Other expenses which the head of the relevant central administrative agency deems necessary for the international standardization of the technology, etc. of materials and components.
(5) "Project prescribed by Presidential Decree" in Article 23 (2) 5 of the Act refers to a project for inducing foreign investment in the field of materials and components. <Newly Inserted by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
(6) Where the head of the relevant central administrative agency subsidizes the expenses pursuant to the provisons of paragraph (2), the provisions of Articles 17 and 18 shall apply mutatis mutandis to both matters concerning payment in installments, etc., and the management, use, etc., of such expenses. <Amended by Presidential Decree No. 20342, Oct. 26, 2007>
 Article 29 (Projects, etc. for Establishing Foundation for Enhancement of Reliability)
(1) "Projects determined by Presidential Decree" in Article 24 (1) 5 of the Act refers to the following projects: <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
1. Development and distribution of technologies which contribute to reliability enhancement of materials and components;
2. Education and guidance for promoting activities of enterprises for reliability enhancement of materials and components;
3. Investigation, analysis and distribution of reliability-related information;
4. Other projects the head of the relevant central administrative agency deems necessary for the reliability enhancement of materials and components.
(2) "Institutions or organizations specified by Presidential Decree" in Article 24 (2) 5 of the Act refers to the following institutions and organizations: <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20342, Oct. 26, 2007>
1. Research institutes and corporations provided for in the provisons of the subparagraphs 2, 5 and 6 of Article 20;
2. The Small & medium Business Corporation provided for in the provisons of the subparagraph 3 of Article 20;
3. Organizations and cooperatives provided for in the provisons of the subparagraphs 3 and 4 of Article 23;
4. The Korean Standards Association.
(3) "Matters prescribed by Presidential Decree" in Article 24 (4) 3 of the Act refers to the following matters: <Newly Inserted by Presidential Decree No. 20342, Oct. 26, 2007>
1. Building a database concerning current status, etc. of equipment and facilities for reliability evaluation;
2. Development of evaluation techniques and technologies for the efficient use of equipment and facilities for reliability evaluation.
 Article 30 (Designation, etc. of Undertaking Institutions)
(1) Designation standards for institutions undertaking projects for establishing the foundation for enhancement of reliability under the provisons of Article 24 (2) of the Act shall be as follows:
1. The objectives of the project shall be clear and practicable;
2. The financing plan shall be realistic;
3. Necessary facilities and equipment shall be secured;
4. Specialized personnel and technical capability necessary for the undertaking of the project shall be secured.
(2) A person who intends to be designated as an institution undertaking projects for establishing the foundations for enhancement of reliability under the provisons of paragraph (1) shall submit a written application to the Minister of Trade, Industry and Energy, together with documents prescribed by Ordinance of the Ministry of Trade, Industry and Energy. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Articles 31 through 39 Deleted. <by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 40 (Payment to Subsidy, etc.)
(1) Where intending to grant a subsidy under the provisons of Article 34 (1) of the Act, the head of the relevant central administrative agency shall conclude an agreement with the institution undertaking the relevant projects for reliability enhancement.
(2) Article 16 (2) through (4) shall apply mutatis mutandis to matters concerning the conclusion of agreements provided for in the provisons of paragraph (1) and Articles 17 and 18 shall apply mutatis mutandis to matters concerning the payment, use, management, etc. of subsidies. In such cases, "designated education and training institution" shall be construed as “the head of the institution undertaking the relevant projects for enhancement of reliability” and “project for fostering specialized technical manpower” as “project for reliability enhancement,” respectively.
 Article 41 (Institution Exclusively for Planning and Evaluation)
(1) The head of the relevant central administrative agency may require an institution designated by him/her (hereinafter referred to as “institution exclusively for planning and assessment") to conduct affairs of the planning and management concerning the evaluation of and support to the following projects (hereinafter referred to as “project for establishing the development foundation for materials and components”): <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 26205, Apr. 20, 2015>
1. A project for fostering specialized technical manpower provided for in the provisons of Article 12 (1) of the Act;
2. A project for providing information on materials and components;
3. A development project;
4. A project for commercializing the outcomes of the technological development of materials and components provided for in Article 20 (1) of the Act;
5. A project for efficiently promoting the universal compatibility of materials and components provided for in Article 22 (3) of the Act;
6. A project for international cooperation in the fields of materials and components provided for in Article 23 (1) and (2) of the Act;
7. A project for establishing the foundation for enhancement of reliability under Article 24 (1) of the Act.
(2) The head of the relevant central administrative agency may, within budgetary limits, contribute expenses incurred by institutions exclusively for planning and assessment to conduct the affairs provided for in paragraph (1).
(3) Where the head of the relevant central administrative agency deems it necessary to professionally implement affairs conducted by an institution exclusively for planning and assessment, he/she may require the following institutions to conduct such affairs, following consultation with the institution exclusively for planning and assessment:
1. A Joint Research Group;
2. The Korea Core Industrial Technology Investment Association;
3. A trade association;
4. A small and medium enterprise cooperative.
(4) In order to secure the efficient implementation of projects for establishing the development foundation of materials and components, institutions exclusively for planning and assessment shall establish a system for mutual cooperation among them and conduct necessary projects such as the exchange of information. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 42 (Composition, etc. of Materials and Components Development Committee)
(1) “Vice Ministers of central administrative agencies specified by Presidential Decree or public officials equivalent thereto” in Article 35 (3) 1 of the Act refers to the Vice Minister of National Defense, Vice Minister of the Interior and Safety, Vice Minister of Environment, Vice Minister of Land, Infrastructure and Transport, Vice Minister of Oceans and Fisheries, Vice Minister of SMEs and Startups, and Vice Minister for Government Policy Coordination Ⅱ. In such cases, if there are agencies which have at least two Vice Ministers, the heads of the relevant agencies shall designate any one of the Vice Ministers. <Amended by Presidential Decree No. 21954, Dec. 31, 2009; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 25751, Nov. 19, 2014; Presidential Decree No. 28212, Jul. 26, 2017>
(2) “Persons specified by Presidential Decree" in Article 35 (3) 2 of the Act refers to the following persons: <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 21954, Dec. 31, 2009; Presidential Decree No. 26205, Apr. 20, 2015>
1. The head of a chamber of commerce, the head of a trade association, the head of a small and medium enterprisers' organization, and the head of other institutions or organizations related to foreign trade or investment;
2. The Chairperson of the Joint Research Group provided for in Article 10 (2) or the Chairperson of the Korea Core Industrial Technology Investment Association
3. A person recommended by a non-governmental organization (referring to a non-profit, non-governmental organization provided for in Article 2 of the Assistance for Non-Profit, Non-Governmental Organizations Act) or other persons who have affluent knowledge and experience concerning materials and components.
(3) The Vice Ministers of the relevant central administrative agencies or public official equivalent thereto who are not member of the Materials and Components Development Committee may, if deemed necessary, attend a meeting of the Materials and Components Development Committee to state opinions. <Amended by Presidential Decree No. 21954, Dec. 31, 2009; Presidential Decree No. 26205, Apr. 20, 2015>
 Article 43 (Operation of Materials and Components Development Committee)
(1) The Chairperson of the Materials and Components Development Committee shall convene and preside over meetings thereof. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) Where intending to convene a meeting, the Chairperson of the Materials and Components Development Committee shall announce the date, place and agenda of the meeting to each of the members in a written document seven days before the opening of the meeting: Provided, That this shall not apply where it is urgent or inevitable. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(3) A meeting shall be held by the attendance of a majority of the members of the Materials and Components Development Committee, and any resolution thereby shall require the concurring vote of at least a two-thirds’ majority of those present
(4) Deleted. <by Presidential Decree No. 21954, Dec. 31, 2009>
(5) Deleted. <by Presidential Decree No. 23928, Jul. 4, 2012>
 Article 43-2 (Exclusion, Evasion and Challenge of Members)
(1) Where any member of the Materials and Components Development Committee (hereafter referred to as “member") falls under any of the following cases, he/she shall be excluded from deliberation and resolutions by the Materials and Components Development Committee: <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
1. Where he/she, or a person who is or was his/her spouse, becomes a party to the relevant agenda item (or where the party is a corporation, organization, etc., including the executives thereof; hereafter the same shall apply in this subparagraph and subparagraph 2) or is holding any right or duty jointly with the party to such agenda;
2. Where he/she is or was a relative of a party to the relevant agenda item;
3. Where he/she has testified, made a statement, given any advice, or conducted any research service, or appraisal regarding the relevant agenda item;
4. Where he/she or any corporation or organization to which he/she belongs is or was an agent of a party to the relevant agenda item;
5. Where he/she has held a position as an officer or employee of any corporation, a party to the relevant agenda item, within the recent three years.
(2) Where any ground exists for which it would be difficult to expect the impartial deliberation and resolutions of any member, a party to the relevant agenda item may file a request for the challenge to him/her with the Materials and Components Development Committee, and the Materials and Components Development Committee shall decide such request by its resolution. In such cases, the member subjected to such request for challenge shall voluntarily abstain from such resolution. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(3) A member falling under any subparagraph of paragraph (1) shall voluntarily abstain from deliberation and resolutions of the relevant agenda.
[This Article Newly Inserted by Presidential Decree No. 23928, Jul. 4, 2012]
 Article 43-3 (Dismissal of Members)
Where a member of the Materials and Components Development Committee falls under any of the following cases, the Minister of Trade, Industry and Energy may dismiss such member from office: <Amended by Presidential Decree No. 24442, Mar. 23, 2013>
1. Where he/she becomes incapable of performing any of his/her duties due to physical or mental incapacity;
2. Where he/she is deemed unsuitable as a member due to neglect of any of his/her duties, loss of dignity, or any similar reason;
3. Where he/she is criminally indicted for a case related to his/her performance of duties;
4. Where he/she fails to abstain despite that he/she falls under a case set forth in any subparagraph of Article 43-2 (1).
[This Article Newly Inserted by Presidential Decree No. 23928, Jul. 4, 2012]
 Article 44 (Request for Submission of Agenda Items for Deliberation)
Where the chairperson of the Materials and Components Development Committee deems it necessary for the head of the relevant central administrative agency and the head of a local government to consult with each other and coordinate their opinions with regard to major policies, research and development plans and projects, etc related to the development of materials and components implemented by the said central administrative agency and local government, he/she may request the heads of such administrative agency and local government to submit them to the Council for deliberation. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
 Article 45 Deleted. <by Presidential Decree No. 18828, May 13, 2005>
 Article 46 Deleted. <by Presidential Decree No. 21954, Dec. 31, 2009>
 Article 47 (Allowances)
Members of the Materials and Components Development Committee who attend meetings thereof may be paid allowances, with budgetary limits: Provided, That this shall not apply where any member who is a public official attends such meeting in direct connection with any of his/her duties. <Amended by Presidential Decree No. 18828, May 13, 2005; Presidential Decree No. 21954, Dec. 31, 2009; Presidential Decree No. 26205, Apr. 20, 2015>
 Article 47-2 (Detailed Rule on Operation )
In addition to the matters provided for in Articles 43, 43-2, 43-3, 44, and 47, other matters necessary for the operation, etc. of the Materials and Components Development Committee shall be determined by the Materials and Components Development Committee. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
[This Article Newly Inserted by Presidential Decree No. 23928, Jul. 4, 2012]
 Article 47-3 Deleted. <by Presidential Decree No. 21461, Apr. 30, 2009>
 Article 48 (Calculation of Expenses)
(1) Expenses provided for in Article 37 of the Act shall be calculated according to attached Table 5. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) Where subsidized by the Government pursuant to the provisons of Article 10 (6) of the Act or Article 34 (1) of the Act, members of the Joint Research Group or institutions undertaking projects for establishing the foundation for enhancement of reliability shall deduct such amount subsidized from expenses provided for in paragraph (1).
 Article 49 (Entrustment of Authority)
(1) Deleted. <by Presidential Decree No. 26205, Apr. 20, 2015>
(2) Pursuant to Article 40 (2) of the Act, the Minister of Trade, Industry and Energy shall entrust affairs concerning registration of specialized investment associations for materials and components under Article 6 (1) of the Act (limited to where small and medium business start-up investment companies are managing general partners thereof) to the Minister of SMEs and Startups. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015; Presidential Decree No. 28212, Jul. 26, 2017>
(3) Pursuant to Article 40 (3) 1 of the Act, the Minister of Trade, Industry and Energy shall entrust affairs of the collation of statistics concerning components and materials provided for in Article 5 of the Act to an entity determined and publicly notified by the Minister of Trade, Industry and Energy, which is a trade association or small and medium enterprise cooperative meeting the following requirements: <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015; Presidential Decree No. 28212, Jul. 26, 2017>
1. To secure or be able to establish the organization or secure the personnel in charge of the collation of statistics;
2. To be able to secure the funds necessary for the collation of statistics;
3. To have track performance record of performing statistics-related activities demonstrating a certain degree of reliability or to establish a plan for the collation of statistics.
(4) Pursuant to Article 40 (3) 2 of the Act, the Minister of Trade, Industry and Energy shall entrust affairs concerning the registration of specialized investment associations for materials and components under Article 6 (1) of the Act (excluding affairs entrusted to the Minister of SMEs and Startups pursuant to paragraph (2)) to the Korea Core Industrial Technology Investment Association. <Amended by Presidential Decree No. 20342, Oct. 26, 2007; Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013; Presidential Decree No. 26205, Apr. 20, 2015; Presidential Decree No. 28212, Jul. 26, 2017>
(5) Where entrusting the affairs pursuant to paragraphs (3) and (4), the Minister of Trade, Industry and Energy may provide a part of expenses to the entrusted institution within budgetary limits. <Amended by Presidential Decree No. 20678, Feb. 29, 2008; Presidential Decree No. 24442, Mar. 23, 2013>
 Article 50 (Assessment of Regulation)
(1) The Minister of Trade, Industry and Energy shall, as at January 1, 2014, assess the relevance of requirements and procedures for the registration of specialized investment associations for materials and components under Article 7 every three years (meaning immediately before every third anniversary from January 1) and then take measures for improvement, etc. thereof. <Amended by Presidential Decree No. 26205, Apr. 20, 2015>
(2) Deleted. <by Presidential Decree No. 26205, Apr. 20, 2015>
[This Article Newly Inserted by Presidential Decree No. 20505, Dec. 30, 2013]
ADDENDA
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Special Cases concerning Submission of Implementation Plans) Where the head of a relevant central administrative agency submits the next year’s implementation plan to the Materials and Components Development Committee pursuant to Article 5 (1), he/she shall submit 2002’s implementation plan by June 30, 2001.
ADDENDA <Presidential Decree No. 17305, Jul. 16, 2001>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 17, 2001. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 17791, Dec. 5, 2002>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 18039, Jun. 30, 2003>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 1, 2003.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 18828, May 12, 2005>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 18911, Jun. 30, 2005>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 1, 2005.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 19321, Feb. 8, 2006>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 19383, Mar. 10, 2006>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 20261, Sep. 10, 2007>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDA <Presidential Decree No. 20342, Oct. 26, 2007>
This Decree shall enter into force on October 28, 2007.
ADDENDA <Presidential Decree No. 20678, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Presidential Decree No.20789, May 21, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on May 26, 2008.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No.20947, Jul. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on February 4, 2009. (Proviso Omitted.)
Articles 2 through 28 Omitted.
ADDENDA <Presidential Decree No.21461, Apr. 30, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on May 1, 2009.
Articles 2 Omitted.
ADDENDA <Presidential Decree No.21480, May. 6, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on May 8, 2009. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No.21566, Jun. 26, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No.21692, Aug. 18, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 23, 2009.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No.21835, Nov. 20, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 23, 2009.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No.21954, Dec. 31, 2009>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No.22269, Jul. 12, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 Omitted.
ADDENDA <Presidential Decree No.22356, Aug. 25, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on September 1, 2010.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No.22493, Nov. 15, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 18, 2010.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No.22626, Jan. 17, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No.22637, Jan. 24, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 24, 2010. (Proviso Omitted.)
Articles 2 through 23 Omitted.
ADDENDA <Presidential Decree No.22977, Jun. 24, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No.23928, Jul. 4, 2012>
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
ADDENDA <Presidential Decree No.24442, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDA <Presidential Decree No.24955, Dec. 11, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 12, 2013.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No.25050, Dec. 30, 2013>
This Decree shall enter into force on January 1, 2014. (Proviso Omitted.)
ADDENDA <Presidential Decree No.25751, Nov. 19, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No.25840, Dec. 9, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Articles 2 through 16 Omitted.
ADDENDA <Presidential Decree No.26205, Apr. 20, 2015>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Article 2 Omitted.
Article 3 (Relationship to other Acts and Subordinate Statues)
Where the previous Enforcement Decree on the Act on Special Measures for the Promotion of Specialized Enterprises, etc. for Components and Materials or any of the provisions thereof is cited by another Act or statute, as at the time this Decree enters into force, and if this Decree includes any corresponding provision thereto, this Decree or the corresponding provision shall be deemed cited in lieu of the previous Enforcement Decree on the Act on Special Measures for the Promotion of Specialized Enterprises, etc. for Components and Materials or the provision thereof.
ADDENDA <Presidential Decree No.26369, Jun. 30, 2015>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 1, 2015.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 27205, May 31, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on Sep 30, 2016. <Proviso Omitted>
Articles 2 through 3 Omitted.
ADDENDA <Presidential Decree No. 27506, Sep. 22, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on Sep 23, 2016.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 28212, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.