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ACT ON TRADE ADJUSTMENT ASSISTANCE FOLLOWING THE FREE TRADE AGREEMENTS

Act No. 8771, Dec. 21, 2007

Amended by Act No. 8852, Feb. 29, 2008

Act No. 9584, Apr. 1, 2009

Act No. 9631, Apr. 22, 2009

Act No. 9685, May 21, 2009

Act No. 10339, jun. 4, 2010

Act No. 11176, Jan. 17, 2012

Act No. 11690, Mar. 23, 2013

Act No. 13448, Jul. 24, 2015

Act No. 13740, Jan. 6, 2016

 Article 1 (Purpose)
The purpose of this Act is to contribute to the balanced growth of the national economy by preparing effective measures to assist enterprises engaging in manufacturing or providing services that sustain or are likely to sustain any loss or damage in the course of implementing free trade agreements entered into by the Government and their employees.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 2 (Definitions)
The terms used in this Act shall be defined as follows:
1. The term "free trade agreement" means an international agreement that the Republic of Korea has entered into with any other country or a regional trade bloc on the liberalization of trade, which includes matters concerning the reduction or removal of tariffs on commodities, services, etc. and the expansion, etc. of market accessibility;
2. The term "trade adjustment" means activities required for minimizing or overcoming any loss or damage that enterprises engaging in manufacturing or providing services prescribed by Presidential Decree, (hereinafter referred to as "type of business eligible for assistance in trade adjustment") or their employees sustain or are likely to sustain any loss or damage in the course of implementing free trade agreements.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 3 (Basic Principles for Assistance)
The Government shall lend assistance necessary for efficient trade adjustment pursuant to this Act to the extent permitted under the Marrakesh Agreement Establishing the World Trade Organization.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 4 (Formulation of Comprehensive Measures for Assistance in Trade Adjustment)
(1) The Minister of Trade, Industry and Energy and the Minister of Employment and Labor shall jointly formulate a comprehensive plan to effectively assist in trade adjustment (hereinafter referred to as "comprehensive plan"). <Amended by Act No. 8852, Feb. 29, 2008; Act No. 10339, Jun. 4, 2010; Act No. 11690, Mar. 23, 2013>
(2) The comprehensive plan shall include the following matters:
1. Measures for assisting in trade adjustment;
2. Improvement of systems pertaining to trade adjustment;
3. Other matters necessary for efficiently promoting assistance in trade adjustment.
(3) Deleted. <by Act No. 13740, Jan. 6, 2016>
(4) If necessary for formulating the comprehensive plan, the Minister of Trade, Industry and Energy and the Minister of Employment and Labor may conduct a survey on any loss or damage that has been incurred or will definitely be incurred in the course of implementing free trade agreements (hereinafter "trade loss or damage") and the actual status of trade adjustment (hereafter referred to as "actual status survey" in this Article). <Amended by Act No. 8852, Feb. 29, 2008; Act No. 10339, Jun. 4, 2010; Act No. 11690, Mar. 23, 2013>
(5) The methods for formulating the comprehensive plan, the timing for and methods for actual status surveys, and other necessary matters shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 5 (Surveys, Research, etc, Related to Systems for Assistance in Trade Adjustment)
The Minister of Trade, Industry and Energy and the Minister of Employment and Labor may perform projects, such as surveys and research necessary for formulating a policy on assistance in trade adjustment and improving systems therefor. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 10339, Jun. 4, 2010; Act No. 11690, Mar. 23, 2013>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 5-2 (Assistance in Counseling for Stabilizing Management and Securing Competitiveness)
(1) Where any enterprise that has engaged in a type of business eligible for assistance in trade adjustment for at least the period prescribed by Presidential Decree meets all of the following requirements, the Minister of Trade, Industry and Energy may provide the enterprise with assistance concerning consultation on business management, accounting, legal affairs, technology, production, etc. necessary for trade adjustment: <Amended by Act No. 11690, Mar. 23, 2013>
1. Where an enterprise meets either of the following requirements during the period of at least six months prescribed by Presidential Decree:
(a) The overall sales or production of an enterprise is decreased or deemed definitely decreased by at least a rate prescribed by Presidential Decree;
(b) Any trade loss or damage sustained by an enterprise, in comprehensive consideration of the operating income, the number of employees, the rate of production, the inventory, and other relevant facts of the enterprise, falls or is deemed to definitely fall under item (a);
2. An increase in importation of the same kind of commodity or service as any commodity or service produced or provided by the enterprise or an increase in importation (limited to importation from the other signatory nation to a free trade agreement) of any commodity or service in direct competition with any commodity or service produced or provided by the enterprise is the main cause of loss or damage prescribed in subparagraph 1.
(2) Methods and procedures for assistance pursuant to paragraph (1) and other necessary matters shall be prescribed by Presidential Decree.
[This Article Newly Inserted by Act No. 11176, Jan. 17, 2012]
 Article 6 (Designation, etc. of Enterprises Eligible for Assistance in Trade Adjustment)
(1) Where any enterprise that has engaged in a type of business eligible for assistance in trade adjustment for at least a period prescribed by Presidential Decree has sustained any trade loss or damage, it may file an application with the Minister of Trade, Industry and Energy for designation as an enterprise eligible for assistance in trade adjustment pursuant to Articles 7 through 10 (hereinafter referred to as "enterprise eligible for assistance in trade adjustment"). <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11176, Jan. 17, 2012; Act No. 11690, Mar. 23, 2013>
(2) In receipt of an application referred to in paragraph (1), the Minister of Trade, Industry and Energy may designate an applicant as an enterprise eligible for assistance in trade adjustment, if the applicant meets all of the following requirements. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 9631, Apr. 22, 2009; Act No. 11176, Jan. 17, 2012; Act No. 11690, Mar. 23, 2013; Act No. 13740, Jan. 6, 2016>
1. The enterprise has sustained or will definitely sustain serious loss or damage (the loss or damage sustained shall amount to a decrease in overall sales or production by at least the rate prescribed by Presidential Decree within the range of 5/100 to 10/100 during the period prescribed by Presidential Decree, which shall be at least six months, or a decrease in overall sales or production by at least the rate prescribed by Presidential Decree within the range of 5/100 to 10/100, in comprehensive consideration of the operating income, the number of employees, the rate of production, the inventory, and other relevant facts of the enterprise);
2. An increase in importation of the same kind of commodity or service as any commodity or service produced or provided by the enterprise or an increase in importation (limited to importation from the other signatory nation to a free trade agreement) of any commodity or service in direct competition with any commodity or service produced or provided by the enterprise is the main cause of loss or damage prescribed in subparagraph 1;
3. Deleted. <by Act No. 13740, Jan. 6, 2016>
(3) Deleted. <by Act No. 13740, Jan. 6, 2016>
(4) If deemed necessary for checking the requirements referred to in the subparagraphs of paragraph (2), the Minister of Trade, Industry and Energy may request any relevant administrative agency, enterprise, etc. to provide relevant data or provide necessary cooperation. In such cases, the head of a relevant administrative agency in receipt of such request shall comply therewith, except in extenuating circumstances. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013; Act No. 13740, Jan. 6, 2016>
(5) The Minister of Trade, Industry and Energy shall, in cases of designating enterprises eligible for assistance in trade adjustment, without delay notify the Minister of Employment and Labor of the fact. <Newly Inserted by Act No. 13740, Jan. 6, 2016>
(6) Procedures for filing applications for designation prescribed in paragraph (1), procedures for designation prescribed in paragraph (2), the criteria for serious loss or damage prescribed in paragraph (2) 1, the scope of the same kind of imported commodities and services or the imported commodities and services in direct competition prescribed in paragraph (2) 2, requests for cooperation prescribed in paragraph (4), and other necessary matters shall be prescribed by Presidential Decree. <Amended by Act No. 9631, Apr. 22, 2009; Act No. 13740, Jan. 6, 2016>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 7 (Provision of Information Necessary for Trade Adjustment)
(1) The Minister of Trade, Industry and Energy shall provide enterprises eligible for assistance in trade adjustment with information about finances, human resources, technology, markets, conditions of a location, etc. necessary for trade adjustment. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013>
(2) The Minister of Trade, Industry and Energy shall formulate policies necessary for providing information pursuant to paragraph (1). <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013>
(3) The Minister of Trade, Industry and Energy may request the head of any relevant central administrative agency, local government, or public institution prescribed in the Act on the Management of Public Institutions (hereinafter referred to as "competent administrative agency") to submit data necessary for providing information pursuant to paragraph (1). <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 8 (Assistance by Counseling Necessary for Formulating or Implementing Trade Adjustment Plans)
(1) The Minister of Trade, Industry and Energy may provide enterprises eligible for assistance in trade adjustment with assistance concerning counseling on the business management, accounting, legal affairs, technology, production, and other matters necessary for formulating or implementing the trade adjustment plan (hereinafter referred to as the “trade adjustment plan”), including the enterprise’s conversion of business.
(2) Matters necessary for the methods and procedures for the assistance prescribed in paragraph (1) shall be prescribed by Presidential Decree.
[This Article wholly Amended by Act No. 13740, Jan. 6, 2016]
 Article 9 (Loan Support for Stabilizing Management during Short Term and Securing Competitiveness)
(1) The Government may loan money to enterprises eligible for assistance in trade adjustment out of the small and medium enterprise establishment and promotion fund under Article 63 of the Small and Medium Enterprises Promotion Act to cover the following funds necessary for implementing the trade adjustment plan, including business conversion:
1. A fund for purchasing raw materials and subsidiary materials required for operating and maintaining production facilities;
2. A fund required for technological development, investment in facilities, securing industrial sites, and training of human resources;
3. Any other fund prescribed by Presidential Decree, necessary for stabilizing business during a short term or securing competitiveness.
(2) Enterprises eligible for assistance in trade adjustment shall, in cases of receiving the loan support given under paragraph (1), submit the trade adjustment plan along with an application for loans to the Minister of Trade, Industry and Energy.
(3) The Minister of Trade, Industry and Energy shall, in cases where matters related to the employees are included in the trade adjustment plan submitted by an enterprise eligible for assistance in trade adjustment prescribed in paragraph (2), notify the Minister of Employment and Labor of the fact.
(4) The Minister of Trade, Industry and Energy shall, after reviewing whether the trade adjustment plan submitted by an enterprise eligible for assistance in trade adjustment under paragraph (2) is appropriate or not for ensuring the competitiveness of the enterprises, determine whether to provide loans or not.
(5) The Minister of Trade, Industry and Energy may, in cases where an enterprise eligible for assistance in trade adjustment which has received the loan support fails to execute the trade adjustment plan for the period prescribed by Presidential Decree within six months after the loan was provided, discontinue the loan support.
(6) The criteria, eligibility, scale, methods, and procedures for loans under paragraph (1) and other necessary matters shall be prescribed by Presidential Decree.
[This Article wholly Amended by Act No. 13740, Jan. 6, 2016]
 Article 9-2 Deleted. <by Act No. 11176, Jan. 17, 2012>
 Article 10 (Investment in Private Equity Fund for Corporate Restructuring)
(1) The government may, in cases where a private equity fund for corporate restructuring established under Article 20 of the Industrial Development Act intends to invest in an enterprise eligible for assistance in trade adjustment, invest funds at the rate prescribed by Presidential Decree within 50/100 of the investment money of the private equity fund for corporate restructuring. <Amended by Act No. 13740, Jan. 6, 2016>
(2) The methods and procedures for making an investment prescribed in paragraph (1) and other necessary matters shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 11 (Designation, etc. of Employees Eligible for Assistance in Trade Adjustment)
(1) The representative of employees or the owner of an enterprise who engages in a type of business eligible for assistance in trade adjustment and has sustained any loss or damage may file an application with the Minister of Employment and Labor for designation of any employee who meets the requirements specified in paragraph (2) as an employee eligible for assistance in trade adjustment pursuant to Articles 12 and 13 (hereinafter referred to as “employee eligible for assistance in trade adjustment”). <Amended by Act No. 10339, Jun. 4, 2010>
(2) If an employee meets each of the following requirements, the Minister of Employment and Labor may designate him/her as an employee eligible for assistance in trade adjustment either ex officio or upon receiving an application filed under paragraph (1): <Amended by Act No. 10339, Jun. 4, 2010; Act No. 13740, Jan. 6, 2016>
1. He/she has lost, or is highly likely to lose, his/her job, or his/her working hours have been or are highly likely to be shortened by at least hours prescribed by Presidential Decree;
2. He/she (including a person who has lost his/her job) has worked for any of the following enterprises:
(a) Deleted; <by Act No. 13740, Jan. 6, 2016>
(b) An enterprise that supplies goods to an enterprise eligible for assistance in trade adjustment;
(c) An enterprise that has relocated overseas its production facilities for the same kind of commodity as any imported commodity or for any commodity in direct competition with any imported commodity due to an increase in such imported commodity following the implementation of a free trade agreement;
(d) An enterprise that meets both requirements prescribed in Article 6 (2) 1 and 2, but fails to obtain designation as an enterprise eligible for assistance in trade adjustment because it has not filed an application for designation as an enterprise eligible for assistance in trade adjustment.
(3) In cases of being designated as an enterprise eligible for assistance in trade adjustment under Article 6, affiliated employees (including employees who have lost their jobs within two years prior to the date of application for designation as an enterprise eligible for assistance in trade adjustment) shall be deemed to have been designated as employees eligible for assistance in trade adjustment pursuant to paragraph (2). <Newly Inserted by Act No. 13740, Jan. 6, 2016>
(4) Qualifications for applicants prescribed in paragraphs (1) and (2), the methods and procedures for filing an application and designation, the scope of enterprises that supply goods to an enterprise eligible for assistance in trade adjustment, and other relevant matters shall be prescribed by Presidential Decree. <Amended by Act No. 13740, Jan. 6, 2016>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 12 (Provision, etc. of Information Necessary for Change of Occupation)
(1) The Minister of Employment and Labor shall provide employees eligible for assistance in trade adjustment with information necessary for change of occupation or re-employment, such as information about industrial trends, demand for human resources, vocational training, and business startup, and shall also provide them with opportunities to have counseling necessary for change of occupation or re-employment. <Amended by Act No. 10339, Jun. 4, 2010>
(2) The Minister of Employment and Labor shall formulate policies necessary for providing information and counseling pursuant to paragraph (1). <Amended by Act No. 10339, Jun. 4, 2010>
(3) The Minister of Employment and Labor may request the head of any relevant administrative agency to provide data pertaining to change of occupation and re-employment. <Amended by Act No. 10339, Jun. 4, 2010>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 13 (Supporting Measures for Change of Occupation, etc.)
(1) The Minister of Employment and Labor may utilize various supporting measures prescribed in the Framework Act on Employment Policy or the Employment Insurance Act to help employees eligible for assistance in trade adjustment quickly change their occupations or get re-employed. <Amended by Act No. 10339, Jun. 4, 2010>
(2) The Minister of Employment and Labor may provide loans, within budgetary limits, to any person who conducts activities to help employees eligible for assistance in trade adjustment quickly change their occupations or get re-employed to cover expenses incurred therein. <Amended by Act No. 10339, Jun. 4, 2010>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 13-2 (Special Cases concerning Support for One-Person Business Operator)
The Minister of Employment and Labor may provide assistance prescribed in Articles 12 and 13 to any one-person business operator (referring to a business operator defined in subparagraph 1 of Article 3 of the Value-Added Tax Act who engages alone in a type of business eligible for assistance in trade adjustment without hiring any full time employee) who has sustained any trade loss or damage and thereby closed his/her business. <Amended by Act No. 13740, Jan. 6, 2016>
[This Article Newly Inserted by Act No. 11176, Jan. 17, 2012]
 Article 14 Deleted. <by Act No. 13740, Jan. 6, 2016>
 Article 15 Deleted. <by Act No. 9631, Apr. 22, 2009>
 Article 16 (Establishment of Trade Adjustment Support Center)
(1) The Minister of Trade, Industry and Energy shall establish a trade adjustment support center in the Small and Medium Business Corporation established under Article 68 (1) of the Small and Medium Enterprises Promotion Act to comprehensively perform the following affairs related to the assistance in trade adjustment: <Amended by Act No. 8852, Feb. 29, 2008; Act No. 9685, May 21, 2009; Act No. 11176, Jan. 17, 2012; Act No. 11690, Mar. 23, 2013>
1. Counseling, guidance, public relations and surveys relating to assistance in trade adjustment;
2. Assisting an enterprise that has sustained any trade loss or damage in preparing documents necessary for filing an application for designation as an enterprise eligible for assistance in trade adjustment pursuant to Article 6 (1), and filing such application on its behalf;
3. Other supporting activities for enterprises eligible for assistance in trade adjustment.
(2) The organization, operation, and supervision of the trade adjustment support center prescribed in paragraph (1) and other necessary matters shall be prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 17 (Revocation, etc. of Designation)
(1) When an enterprise eligible for assistance in trade adjustment falls under any of the following subparagraphs, the Minister of Trade, Industry and Energy may revoke designation prescribed in Article 6 or suspend assistance prescribed in Articles 7 through 10: Provided, That he/she shall revoke such designation if the enterprise falls under subparagraph 1 or 2: <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11176, Jan. 17, 2012; Act No. 11690, Mar. 23, 2013; Act No. 13740, Jan. 6, 2016>
1. If it has obtained designation as an enterprise eligible for assistance in trade adjustment by deceit or any other unlawful means;
2. If it no longer meets the requirements prescribed in Article 6 (2);
3. Deleted; <by Act No. 13740, Jan. 6, 2016>
4. If it fails to run its business for a period prescribed by Presidential Decree, which shall not exceed six months;
5. If it fails to submit a report prescribed in Article 19 (2) without any justifiable ground.
(2) If an employee eligible for assistance in trade adjustment falls under any of the following subparagraphs, the Minister of Employment and Labor shall revoke designation: <Amended by Act No. 10339, Jun. 4, 2010>
1. If he/she has obtained designation as an employee eligible for assistance in trade adjustment by deceit or any other unlawful means;
2. If he/she no longer meets the requirements prescribed in Article 11 (2).
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 18 (Recovery, etc. of Subsidies)
(1) The Minister of Trade, Industry and Energy and the Minister of Employment and Labor may order any person who has obtained any subsidy prescribed in this Act by deceit or any other unlawful means to return all or some of the subsidy already provided and may also additionally collect an amount not exceeding the amount of subsidy obtained by deceit or any other unlawful means in accordance with guidelines prescribed by Presidential Decree. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 10339, Jun. 4, 2010; Act No. 11690, Mar. 23, 2013>
(2) If any person in receipt of an order to return a subsidy or to make an additional payment pursuant to paragraph (1) fails to return the subsidy or make the additional payment within a given period, such subsidy or payment shall be collected in the same manner as delinquent national taxes are collected.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 19 (Reporting)
(1) Deleted. <by Act No. 13740, Jan. 6, 2016>
(2) If necessary for implementing policies for assistance in trade adjustment, the Minister of Trade, Industry and Energy may require any enterprise eligible for assistance in trade adjustment or a private equity fund for corporate restructuring under Article 10 (1) to submit a report on matters concerning its business affairs. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013; Act No. 13740, Jan. 6, 2016>
(3) The Minister of Employment and Labor may require any person who conducts activities to help employees eligible for assistance in trade adjustment quickly change their occupations or get re-employed upon obtaining loans referred to in Article 13 (2) to submit a report on matters concerning its business affairs. <Amended by Act No. 10339, Jun. 4, 2010>
(4) Matters necessary for reporting under paragraphs (2) and (3) shall be prescribed by Presidential Decree. <Amended by Act No. 13740, Jan. 6, 2016>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 20 (Entrance, Inspections, etc.)
(1) If necessary for verifying the implementation status of a trade adjustment plan, the Minister of Trade, Industry and Energy may assign public officials under his/her jurisdiction to enter an office, business premises, a place of business, factory, warehouse, or any other necessary place of an enterprise eligible for assistance in trade adjustment and inspect documents, account books, and other articles relevant to trade adjustment or make inquiries to relevant persons. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013>
(2) The Minister of Employment and Labor may, if necessary, assign public officials under his/her jurisdiction to enter the office of any person who has obtained loans referred to in Article 13 (2) and inspect documents, account books, and other articles relevant to such loans or make inquiries to relevant persons. <Amended by Act No. 10339, Jun. 4, 2010>
(3) Whenever any public official intends to enter a place to conduct an inspection pursuant to paragraphs (1) and (2), he/she shall inform the person subject to inspection of an inspection plan containing the date of and timing for inspection, grounds for inspection, and the details of inspection by no later than seven days before the scheduled date of inspection: Provided, That the foregoing sentence shall not apply if it is impracticable to achieve the objectives of such inspection where prior notice is given or urgent circumstances are deemed exist.
(4) Any public official who enters a place to conduct an inspection or make inquiries pursuant to paragraph (1) shall produce an identification card indicating his/her authority to relevant persons and shall present a document stating his/her name, the timing for and purpose of entrance, inspection, and inquiry, and other relevant matters.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 21 (Hearings)
The Minister of Trade, Industry and Energy or the Minister of Employment and Labor shall hold a hearing, whenever he/she intends to revoke the designation of an enterprise or employee eligible for assistance in trade adjustment pursuant to Article 17. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 10339, Jun. 4, 2010; Act No. 11690, Mar. 23, 2013>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 22 (Delegation of Authority)
(1) The authority of the Minister of Trade, Industry and Energy pursuant to this Act may be partially delegated to the heads of agencies under his/her jurisdiction, the Special Metropolitan City Mayor, the Metropolitan City Mayor, the Special Self-Governing City Mayor, Do Governor, or the Special Self-Governing Province Governor, as prescribed by Presidential Decree. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11690, Mar. 23, 2013; Act No. 13740, Jan. 6, 2016>
(2) The authority of the Minister of Employment and Labor pursuant to this Act may be partially delegated to the head of each regional employment and labor office, as prescribed by Presidential Decree. <Amended by Act No. 10339, Jun. 4, 2010>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 23 (Entrustment of Affairs)
(1) Some of affairs under the jurisdiction of the Minister of Trade, Industry and Energy pursuant to this Act may be entrusted to the following persons, as prescribed by Presidential Decree: <Amended by Act No. 8852, Feb. 29, 2008; Act No. 9685, May 21, 2009; Act No. 11690, Mar. 23, 2013>
1. The head of any other administrative agency;
2. The Korea Industrial Complex Corporation established under the Industrial Cluster Development and Factory Establishment Act;
3. The Small and Medium Business Corporation established under the Small and Medium Enterprises Promotion Act;
4. Any other industry-related institution or organization prescribed by Presidential Decree.
(2) Some of affairs under the jurisdiction of the Minister of Employment and Labor pursuant to this Act may be entrusted to the following persons, as prescribed by Presidential Decree: <Amended by Act No. 10339, Jun. 4, 2010>
2. The Human Resources Development Service of Korea established under the Human Resources Development Service of Korea Act;
3. Any other labor-related institution or organization prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
 Article 24 (Fines for Negligence)
(1) Any of the following persons shall be punished by a fine for negligence not exceeding three million won:
1. A person who fails to submit a report pursuant to Article 19 or submits a false report;
2. A person who refuses, interferes with or evades an inspection conducted under Article 20.
(2) Fines for negligence under paragraph (1) shall be imposed and collected by the Minister of Trade, Industry and Energy or the Minister of Employment and Labor, as prescribed by Presidential Decree. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 10339, Jun. 4, 2010; Act No. 11690, Mar. 23, 2013>
(3) through (5) Deleted. <by Act No. 9631, Apr. 22, 2009>
[This Article Wholly Amended by Act No. 8771, Dec. 21, 2007]
ADDENDUM
This Act shall enter into force one year after the date of its promulgation.
ADDENDA <Act No. 8361, Apr. 11, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 10 Omitted.
ADDENDA <Act No. 8771, Dec. 21, 2007>
(1) (Enforcement Date) This Act shall enter into force six months after the date of its promulgation.
(2) (Relationship to other Acts and Subordinate Statutes) A citation of the former Act on Trade Adjustment Assistance to the Manufacturing Industry, etc. or a provision thereof by any other Act or subordinate statute at the time this Act enters into force shall be deemed a citation of this Act or the corresponding provision hereof in lieu of the former provision, if such a corresponding provision exists herein.
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. 9584, Apr. 1, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force on May 8, 2009.
Articles 2 through 6 Omitted.
ADDENDUM <Act No. 9631, Apr. 22, 2009>
This Act shall enter into force six months after the date of its promulgation.
ADDENDA <Act No. 9685, May 21, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Articles 2 through 8 Omitted.
ADDENDA <Act No. 10339, Jun. 4, 2010>
Article 1 (Enforcement Date)
This Act shall enter into force one month after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDA <Act No. 11176, Jan. 17, 2012>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Articles 2 (Transitional Measures concerning Assistance by Counseling before Designation of Enterprises Eligible for Assistance in Trade Adjustment)
The former provisions shall apply to any enterprise which applied for assistance by counseling before being designated as an enterprise eligible for assistance in trade adjustment pursuant to the former Article 9-2 as at the time this Act enters into force.
Articles 3 (Transitional Measures concerning Members, etc. of Supporting Committee for Trade Adjustment)
Any member of the supporting committee for trade adjustment who was appointed by the Minister of Strategy and Finance pursuant to the former Article 14 (3) 2 as at the time this Act enters into force shall be deemed appointed by the Minister of Knowledge and Economy pursuant to the amended provisions of Article 14 (3) 2.
ADDENDA <Act No. 11690, Mar. 23, 2013>
Article 1 (Enforcement Date)
(1) This Act shall enter into force on the date of its promulgation.
(2) Omitted.
Articles 2 through 7 Omitted.
ADDENDA <Act No. 13448, Jul. 24, 2015>
Article 1 (Enforcement Date)
This Act shall enter into force three months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 20 Omitted.
ADDENDA <Act No. 13740, Jan. 6, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 (Applicability to Designation of Employees Eligible for Assistance in Trade Adjustment, etc.)
The amended provisions of Article 11 (3) shall apply, beginning with the designation as an enterprise eligible for assistance in trade adjustment after this Act enters into force.
Article 3 (Applicability to Revocation, etc. of Designation)
The amended provisions of Article 17 (1) 5 shall also apply to revocation, etc. of designation after the enforcement of this Act, due to an offense committed before this Act enters into force.
Article 4 (Transitional Measures concerning Loan Support for Stabilizing Management during Short Term and Ensuring Competitiveness)
Notwithstanding the amended provisions of Article 9, the previous provisions shall apply to the enterprise that has filed the application to receive loans from the small and medium enterprise establishment and the promotion fund prescribed in Article 63 of the Small and Medium Enterprises Promotion Act in accordance with the previous Article 8 as at the time when this Act enters into force.
Article 5 (Transitional Measures concerning Designation, etc. of Employees Eligible for Assistance in Trade Adjustment)
Notwithstanding the amended provisions of Article 11 (2) 2 (a), the previous provisions shall apply to designation of an enterprise eligible for assistance in trade adjustment pursuant to Article 6 (1) as at the time this Act enters in to force.
Article 6 (Transitional Measures concerning Revocation, etc. of Designation)
Notwithstanding the amended provisions of Article 17 (1) 3, the previous provisions shall apply to an enterprise eligible for assistance in trade adjustment which falls under the previous provision of Article 17 (1) 3 as at the time this Act enters into force.
Article 7 Omitted.