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ENFORCEMENT DECREE OF THE ACT ON THE ASSISTANCE TO VOCATIONAL ECONOMIC ACTIVITIES

Presidential Decree No. 18436, jun. 22, 2004

Amended by Presidential Decree No. 20741, Feb. 29, 2008

Presidential Decree No. 23854, jun. 15, 2012

Presidential Decree No. 24425, Mar. 23, 2013

Presidential Decree No. 25751, Nov. 19, 2014

Presidential Decree No. 28211, Jul. 26, 2017

 Article 1 (Purpose)
The purpose of this Decree is to prescribe matters mandated by the Act on the Assistance to Vocational Economic Activities and matters necessary for the enforcement thereof.
[This Article Wholly Amended by Presidential Decree No. 23854, Jun. 15, 2012]
 Article 2 (Criteria for Occupational Organizations)
“Criteria prescribed by Presidential Decree” in subparagraph 2 of Article 2 of the Act on the Assistance to Vocational Economic Activities (hereinafter referred to as the “Act”) means either of the following subparagraphs:
1. No occupational organization shall be established or operated for the purpose of profit-making;
2. No occupational organization shall be established or operated with the primary objective of supporting or assisting a specific political party or candidate for elected office or spreading the doctrine of a specific religion.
[This Article Wholly Amended by Presidential Decree No. 23854, Jun. 15, 2012]
 Article 3 (Documents Required to Be Submitted to Obtain Authorization for Establishment of Federation)
Any person who intends to obtain authorization for the establishment of a federation of occupational organizations (hereinafter referred to as the “Federation”) pursuant to Article 4 (4) of the Act shall submit the following documents to the Minister of the Interior and Safety: <Amended by Presidential Decree No. 24425, Mar. 23, 2013; Presidential Decree No. 25751, Nov. 19, 2014; Presidential Decree No. 28211, Jul. 26, 2017>
1. Documents stating the names, dates of birth, addresses, and personal profiles of promoters (Where a promoter is a corporation, a document stating the name of the corporation, the location of its principal office, and the name, date of birth, address, and personal profiles of its representative);
2. One copy of the articles of incorporation;
3. A list of assets and one copy of the relevant evidentiary document, and one copy of a document evidencing such fact where an application for contribution exists;
4. One copy of a document stating a business plan and a budget for revenue and expenditure for the relevant business year;
5. One copy of a document stating the name, date of birth, address, and personal profiles of a person who is to be inaugurated as an executive officer, and one copy of his/her written consent to inauguration;
6. One copy of the minutes of the inaugural general meeting (Where a promoter is a corporation, a document evidencing its decision on incorporation).
[This Article Wholly Amended by Presidential Decree No. 23854, Jun. 15, 2012]
 Article 4 (Matters to Be Entered in Articles of Incorporation)
Matters to be entered in the articles of incorporation of the Federation pursuant to Article 4 (6) of the Act shall be as follows:
1. Objectives;
2. Name;
3. Location of office;
4. Details of business;
5. Qualifications for members;
6. Matters concerning the admission, withdrawal or expulsion of members;
7. Composition of the general meeting and the board of directors, and resolutions at such general meeting and board of directors;
8. Prescribed number of executive officers, their terms of office, and election methods;
9. Matters concerning cost-bearing;
10. Business year;
11. Matters concerning the disposition of surpluses and losses;
12. Amount and accumulation method of reserves and reserve funds;
13. Duration, or grounds for dissolution, of the Federation;
14. Matters concerning the method of public announcement;
15. Matters concerning amendments to the articles of incorporation.
[This Article Wholly Amended by Presidential Decree No. 23854, Jun. 15, 2012]
ADDENDUM
This Decree shall enter into force on June 23, 2004.
ADDENDA <Presidential Decree No. 20741, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted)
Articles 2 through 6 Omitted.
ADDENDUM <Presidential Decree No. 23854, Jun. 15, 2012>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 24425, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That among Presidential Decrees amended pursuant to Article 6 of Addenda, the amendments to any Presidential Decree, which was promulgated before this Decree enters into force, but whose enforcement date has not yet arrived, shall enter into force on the enforcement date of the relevant Presidential Decree.
Articles 2 through 6 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: Provided, That among Presidential Decrees amended pursuant to Article 5 of Addenda, the amendments to any Presidential Decree, which was promulgated before this Decree enters into force, but whose enforcement date has not yet arrived, shall enter into force on the enforcement date of the relevant Presidential Decree.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 28211, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That among Presidential Decrees amended pursuant to Article 8 of Addenda, the amendments to any Presidential Decree, which was promulgated before this Decree enters into force, but whose enforcement date has not yet arrived, shall enter into force on the enforcement date of the relevant Presidential Decree.
Articles 2 through 8 Omitted.