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ENFORCEMENT DECREE OF THE KOREA TRADE-INVESTMENT PROMOTION AGENCY ACT

Wholly Amended by Presidential Decree No. 11981, Oct. 11, 1986

Amended by Presidential Decree No. 13870, Mar. 6, 1993

Presidential Decree No. 14438, Dec. 23, 1994

Presidential Decree No. 14780, Oct. 16, 1995

Presidential Decree No. 20678, Feb. 29, 2008

Presidential Decree No. 23411, Dec. 28, 2011

Presidential Decree No. 24442, Mar. 23, 2013

 Article 1 (Purpose)
The purpose of this Decree is to prescribe matters delegated by the Korea Trade and Investment Promotion Corporation Act (hereinafter referred to as the "Act"), and those necessary for the enforcement thereof.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 2 (Registration of Incorporation)
Matters to be included in the registration of incorporation of the Korea Trade and Investment Promotion Corporation (hereinafter referred to as the "Corporation"), shall be as follows:
1. Objective;
2. Title;
3. Seat of its principal office, domestic branch office or other office;
4. Capital;
5. Names and addresses of officers;
6. Method of public notice.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 3 (Registration of Establishment of Branch Office, etc.)
(1) When the Corporation has established a branch office or other office in Korea, it shall be registered in the following manner:
1. At the seat of its principal office, the title and seat of the newly established branch office or other office shall be registered within two weeks;
2. At the seat of a newly established branch office or other office, matters as prescribed in subparagraphs of Article 2 shall be registered within three weeks; and
3. At the seat of already established branch office or other office, the title and seat of such newly established branch office or other office shall be registered within three weeks.
(2) If a new domestic branch office or other office is established in the area under the territorial jurisdiction of a registry office having control over the seat of the principal office, branch office or other office, only the title and seat of such branch office or other office shall be registered within three weeks.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 4 (Registration of Transfer)
(1) If the Corporation transfers its principal office, branch office or other office to a territorial jurisdiction of another registry office, it shall register it within two weeks at the former seat, and such matters as prescribed in subparagraphs of Article 2 shall be registered within three weeks at the new seat, respectively.
(2) If the principal office, branch office, or other office is moved within the territorial jurisdiction of the same registry office, only the fact of such move shall be registered within two weeks.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 5 (Registration of Change)
If there is any change in matters to be registered under subparagraphs of Article 2, the registration on such changed matters shall be made within two weeks at the seat of the principal office, and within three weeks at the seat of a branch office or other office, respectively.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 6 (Registration on Appointment of Representative)
(1) When the president of the Corporation has appointed his representative under Article 8 of the Act, the following matters shall be registered within two weeks at the seat of its principal or branch office, or other office, for which he appointed the representative. This provision shall also apply in case where any of registered matters is changed:
1. Name and address of the representative;
2. Title and seat of the principal or branch office, or other office, for which the representative is appointed; and
3. If the authority of the representative is restricted, the contents of such restriction.
(2) If the representative is dismissed, the fact of such dismissal shall be registered within two weeks at the seat of the principal or branch office, or other office, for which the representative is appointed.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 7 (Documents to be Attached to Application for Registration)
Any application for registration as prescribed by this Decree, shall be accompanied by the following documents:
1. In case of the registration of incorporation as prescribed in Article 2, the articles of association of the Corporation, documents certifying the qualification of officers, and minutes of the incorporation committee;
2. In case of the registration of establishment of branch office or other office as prescribed in Article 3, documents attesting the establishment of such branch office or other office;
3. In case of the transfer registration as prescribed in Article 4, documents attesting the transfer of the principal office or branch office, or other office;
4. In case of the registration of change as prescribed in Article 5, documents attesting the matters changed; and
5. In case of the appointment, change or dismissal of the representative as prescribed in Article 6, documents attesting that the appointment, change or dismissal of the representative is made under Article 8 of the Act, and if his authority is restricted under Article 6 (1) 3, documents attesting such restriction.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 8 (Counting of Registration Period)
If there are matters to be registered under this Decree, and to be authorized or approved by the Minister of Trade, Industry and Energy, the period of such registration shall be counted from the date on which documents related to the authorization or approval arrive at the applicant. <Amended by Presidential Decree No. 24442, Mar. 23, 2013>
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
 Article 9 Deleted. <by Presidential Decree No. 14780, Oct. 16, 1995>
 Article 10 (Transfer of Reserve to Capital)
When the Corporation desires to transfer the whole or part of the reserve to the capital under Article 12 (3) of the Act, it shall obtain the approval of the Minister of Strategy and Finance through a resolution of the board of directors.
[This Article Wholly Amended by Presidential Decree No. 23411, Dec. 28, 2011]
ADDENDUM
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 13870, Mar. 6, 1993>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 14438, Dec. 23, 1994>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 14780, Oct. 16, 1995>
This Decree shall enter into force on the date of its promulgation.
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. 23411, Dec. 28, 2011>
This Decree shall enter into force on the date of its promulgation.
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.