Law Viewer

Back Home

ENFORCEMENT DECREE OF THE LOCAL ACCOUNTING ACT

Presidential Decree No. 27621, Nov. 29, 2016

Amended by Presidential Decree No. 28211, Jul. 26, 2017

Presidential Decree No. 29181, Sep. 18, 2018

Presidential Decree No. 29269, Oct. 30, 2018

CHAPTER I
 Article 1 (Purpose)
The purpose of this Decree is to provide for the matters mandated by the Local Accounting Act and the matters necessary for the enforcement thereof.
 Article 2 (Determination of Fiscal Year to Which Revenues and Expenditures Are Attributed)
(1) The fiscal year to which revenues and expenditures are attributed referred to in Article 6 (2) of the Local Accounting Act (hereinafter referred to as “Act”)　shall be classified as follows:
1. Revenues with a fixed deadline for payment: The year to which the deadline (referring to the deadline for payment before the deadline for payment was postponed where the deadline for payment has been be postponed pursuant to Article 19 (4) and (5)) for payment belongs: Provided, That where a notice of payment fails to be issued during the fiscal year to which the deadline for payment belongs, it refers to the year to which the date of issuing a notice of payment belongs;
2. Irregular revenues for which a notice of payment is issued:　The year to which the date of issuing the relevant notice of payment belongs: Provided, That in cases of revenues which are irregular revenues and are attended with basic revenues, it refers to the year to which the basic revenues belong;
3. Irregular revenues for which a notice of payment is not issued:　The year to which the date of receiving the revenues belongs: Provided, That in cases of local government bonds, loans, charges, grants, subsidies, contributions, repayments, and other revenues similar thereto, it refers to the year to which the relevant budget belongs.
(2) The fiscal year to which expenditures are attributed referred to in Article 6 (2) of the Act shall be determined as follows:
1. The principal and interest accrued therefrom of a local government bond: The year to which the due date of payment belongs;
2. Refunds, money for coverage of loss, repayments, or others similar thereto: The year to which the date of deciding payment belongs;
3. Charges, grants, subsidies, contributions, or others similar thereto: The year to which the relevant budget belongs;
4. Compensation for actual expenses, wages, travel expenses, fees, or others similar thereto: The year to which the date the grounds for payment arose belongs;
5. Charges for use, charges for storage, electric charges, or others similar thereto: The year to which the date of receiving a request for payment belongs;
6. Construction costs, manufacturing costs, costs of purchasing articles, transport charges, or others similar thereto which are paid after the activities of the other party are completed: The year to which the date of deciding payment belongs;
7. Other expenses: The year to which the date of issuing a payment order belongs.
 Article 3 (Exception to Handling by Deadline for Closing Receipt and Disbursement)
“Any other cases prescribed by Presidential Decree, which make it impracticable to recognize expenditure or revenue within the relevant fiscal year” in Article 7 (1) 3 of the Act means the following cases:
1. Where the subsidies granted by the State or those granted by the Special Metropolitan City, Metropolitan Cities, Special Self-Governing City, Dos, or Special Self-Governing Province pursuant to Article 23 of the Local Finance Act are settled and returned;
2. Where a local government-subsidized project operator settles and returns the subsidies pursuant to Article 32-6 of the Local Finance Act;
3. Where an amount payable between accounts of a local government is paid by transfer;
4. Where an advance paid pursuant to Article 35 of the Act is returned;
5. Where payment on credit cards used during the relevant fiscal year (referring to credit cards provided in subparagraph 3 of Article 2 of the Specialized Credit Finance Business Act) is made;
6. Where costs of the affairs entrusted to private entities pursuant to Article 104 (3) of the Local Autonomy Act are settled and returned.
 Article 4 (Application of Matters concerning Education, Science, and Sports)
In this Decree, with respect to sectors concerning education, science, and sports or the accounting and fund management of a special account for educational expenses, "head of a local government" shall be construed as "Superintendent of Education," "Minister of the Interior and Safety" as "Minister of Education," "Ministry of the Interior and Safety" as "Ministry of Education," and "Ordinance of the Ministry of the Interior and Safety" as "Ordinance of the Ministry of Education," respectively. <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
 Article 5 (Affairs of Accounting Officers)
(1) The head of a local government shall appoint an accounting officer referred to in Article 10 (1) of the Act (hereinafter referred to as “accounting officer”), from among the immediate superiors or superiors of the integrated disbursement officer referred to in Article 45 (2) of the Act (hereinafter referred to as “integrated disbursement officer”).
(2) “Any other matter prescribed by Presidential Decree in relation to performance of accounting affairs” in Article 10 (2) 4 of the Act means the following matters: <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
1. Operation of municipal ordinances, rules, and others concerning accounting affairs;
2. Matters determined by the Minister of the Interior and Safety in relation to the performance of accounting affairs.
 Article 6 (Organization and Operation of Local Accounting System Deliberative Committee)
(1) The members of the Local Accounting System Deliberative Committee referred to in Article 11 (1) of the Act (hereinafter referred to as “Committee”) shall be appointed or commissioned by the Minister of the Interior and Safety from among the following persons: <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
1. Persons with expertise in accounting from among public officials of at least Grade III in a central government agency or members of the Senior Executive Service;
2. Persons with expertise in accounting-related affairs working in a public institution under Article 4 of the Act on the Management of Public Institutions (hereinafter referred to as “public institution”), local government-directly operated enterprises under Article 5 of the Local Public Enterprises Act, local government-invested public corporations under Article 49 of the same Act, local public agencies under Article 76 of the same Act, and local government-invested or -funded institutions designated and publicly notified pursuant to Article 5 of the Act on the Operation of Local Government-Invested or -Funded Institutions;
3. Persons recommended by consultative councils established pursuant to Article 165 (1) of the Local Autonomy Act;
4. Persons qualified as certificated public accountants and recommended by accounting-related organizations;
5. Persons who majored in accounting or finance in universities and hold or have held a post of at least associate professor or equivalent thereto;
6. Persons with at least five years’ experience in accounting-related affairs in central government agencies, local governments, or any institution referred to in subparagraph 2, who are not public officials nor executive officers or employees of the institutions referred to in subparagraph 2.
(2) The term of office of the members referred to in paragraph (1) 2 through 6 shall be two years.
(3) The chairperson of the Committee (hereinafter referred to as “Chairperson”) shall represent the Committee and exercise general supervision over the affairs of the Committee.
(4) Where the Chairperson becomes unable to perform his or her affairs due to unavoidable reasons, a person designated in advance by the Chairperson shall act on behalf of the Chairperson.
(5) The Chairperson shall convene and preside over meetings of the Committee.
(6) A majority of the members of the Committee shall constitute a quorum.
(7) The Committee may have subcommittees if it is necessary for effective deliberation.
(8) Matters necessary for organization and operation of subcommittees shall be determined by the Chairperson after resolution of the Committee.
(9) The Committee may, if deemed necessary, have relevant public officials or experts attend meetings to hear their opinions.
(10) 　The Committee shall have one administrative secretary to handle the affairs of the Committee and the Chairperson shall appoint the administrative secretary from among public officials of the Ministry of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
(11) Except as provided for in paragraphs (1) through (10), matters necessary for operation of the Committee shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
 Article 7 (Removal from Office or Dismissal of Members)
The Minister of the Interior and Safety may remove from office or dismiss a member of the Committee where the member falls under any of the following cases: <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
1. Where the member becomes unable to perform his or her affairs due to physical or mental disorder;
2. Where the member is involved in corruption or illegality;
3. Where the member is deemed inappropriate to be a member due to neglect of duties, injury to dignity, or other reasons;
4. Where the member personally states his or her opinion that it is difficult to perform his or her duties.
CHAPTER II SPECIALIZED INSTITUTION ON LOCAL ACCOUNTING
 Article 8 (Standards for Designation of Specialized Institution on Local Accounting)
(1) “Affairs prescribed by Presidential Decree” in Article 13 (1) of the Act means the following affairs: <Amended by Presidential Decree No. 28211, Jul, 26, 2017>
1. Research and investigation of the local accounting system, including local accounting standards of the Republic of Korea or foreign countries;
2. Affairs regarding development and utilization of techniques for analyzing finance of local governments based on financial statements prepared in accordance with the local accounting standards referred to in Article 12 (1) of the Act (hereinafter referred to as “local accounting standards”);
3. Support for preparation of statements of accounts of local governments referred to in Article 15 of the Act;
4. Investigation, analysis and management of financial statistics, including fiscal balance of local governments;
5. Education or consulting and support for accounting officials of local governments referred to in Article 46 of the Act (hereinafter referred to as “accounting officials”);
6. Other affairs regarding local accounting, which are determined by the Minister of the Interior and Safety.
(2) “Designation standards prescribed by Presidential Decree” in Article 13 (1) of the Act means the cases satisfying all the following requirements: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. Being a public institution or non-profit corporation with expertise in local accounting;
2. Having an organization to perform the affairs referred to in each subparagraph of paragraph (1);
3. Having personnel possessing qualifications, including doctor’s degrees in the fields related to the affairs referred to in each subparagraph of paragraph (1);
4. Having records of engaging in specialized investigation, research and evaluation or consultation and support regarding the fields related to the affairs referred to in each subparagraph of paragraph (1);
5. Possessing other qualifications deemed necessary by the Minister of the Interior and Safety in relation to the performance of the affairs referred to in each subparagraph of paragraph (1).
(3) A public institution or non-profit corporation intending to be designated as specialized institution in local accounting designated by the Minister of the Interior and Safety pursuant to Article 13 (1) of the Act (hereinafter referred to as “specialized institution in local accounting”) shall submit to the Minister of the Interior and Safety a written application for designation as specialized institution on local accounting in the attached Form by attaching documents proving that it satisfies all the requirements referred to in paragraph (2). <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
(4) A specialized institution in local accounting may make a request for materials necessary for the performance of affairs referred to in each subparagraph of paragraph (1) to local governments or institutions referred to in Article 6 (1) 2.
(5) Detailed standards necessary for designation of specialized institutions in local accounting and matters regarding direction and supervision thereof shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 9 (Revocation of Designation of Specialized Institution on Local Accounting)
(1) Standards for revocation of designation of specialized institutions on local accounting and order of business suspension referred to in Article 13 (3) of the Act shall be as specified in the attached Table.
(2) Where the Minister of the Interior and Safety revokes designation of a specialized institution on local accounting or orders suspension of its business, he or she shall publish announcement of such fact in the Official Gazette and publicly announce on the website of the Ministry of the Interior and Safety, without delay. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
(3) Where the Minister of the Interior and Safety holds a hearing to revoke designation of a specialized institution on local accounting or order suspension of its business pursuant to Article 13 (4) of the Act, he or she shall take a disposition within 14 days unless there is a compelling reason not to do so. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
CHAPTER III SETTLEMENT OF ACCOUNTS
 Article 10 (Submission of Statement of Accounts)
(1) The head of a local government shall submit a statement of accounts prepared pursuant to Article 14 of the Act every fiscal year to the relevant local council not later than May 31 of the following fiscal year, by attaching the statement of opinion on the inspection given by the inspector referred to in the former part of Article 134 (1) of the Local Autonomy Act (hereinafter referred to as　“inspector”).
(2) Where the chairperson of a local council receives a statement of accounts and statement of opinion on the inspection referred to in paragraph (1), he or she shall publicly announce within seven days from the date of receiving such statements the statement of opinion on the inspection and the name of the inspector on the website of the local council for at least one month.
 Article 11 (Explanation and Education for Inspectors of Settlement)
The head of a local government shall provide explanation and education about local accounting standards, procedures for handling affairs regarding revenues and expenditures and other matters and provide support necessary to conduct inspection so that an inspector can efficiently conduct affairs regarding inspection of statement of accounts.
 Article 12 (Preparation of Statement of Accounts)
(1) The outline of the settlement of accounts referred to in subparagraph 1 of Article 15 shall be prepared in a way that allows to clearly understand the results of budget execution, details of financial operations and financial position.
(2) The settlement of revenues and expenditures referred to in subparagraph 2 of Article 15 of the Act shall include the following matters:
1. The following matters regarding revenues:
(a) The amount of revenue budget;
(b) The amount of increase or decrease in transfer and others;
(c) The current amount of revenue budget;
(d) The determined amount collectible;
(e) The amount received;
(f) The amount of loss due to nonpayment;
(g) The outstanding amount;
2. The following matters regarding expenditures:
(a) The amount of expenditure budget;
(b) The amount carried over from the previous year;
(c) The amount of use of reserve fund;
(d) The amount of increase or decrease in diversion and others;
(e) The amount of excess disbursement referred to in the proviso of Article 26 (1) of the Act;
(f) The current amount of expenditure budget;
(g) The amount of disbursement;
(h) The amount to be carried over to the following year;
(i) The balance of execution.
(3) Except as provided in paragraphs 1 and 2, detailed matters regarding the settlement of accounts of local governments, including procedures and methods for settlement and preparation of statement of accounts, shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 13 (Audit Report by Certified Public Accountant)
(1) The audit report by a certified public account referred to in Article 16 (3) of the Act shall include the subjects and standards of the audit and appropriateness of the financial statements.
(2) Detailed matters regarding preparation of the audit report by a certified public accountant shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 14 (Submission and Preparation of Documents Accompanying Statement of Accounts)
(1) The head of a local government shall submit the detailed statement of continuing expenditures referred to in Article l7 (1) 1 of the Act along with the settlement of revenues and expenditures of the year to which the last expenditure of the continuing expenditure in annual installment is attributed.
(2) “Any other document prescribed by Presidential Decree” in Article 17 (2) 4 of the Act means the following documents: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. Report on debt management;
2. Report on current amount of bonds;
3. Other documents determined by the Minister of the Interior and Safety.
 Article 15 (Details and Standards of Preparation of Gender-Responsive Statement of Accounts)
(1) The gender-responsive statement of accounts referred to in Article 18 (1) of the Act (hereinafter referred to as “gender-responsive statement of accounts”) shall include the following details: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. The outline of the gender-responsive statement of accounts;
2. The performance of execution of gender-responsive budgets;
3. The analysis and evaluation of gender-equality effects;
4. Other matters determined by the Minister of the Interior and Safety.
(2) The gender-responsive statement of accounts shall be prepared in accordance with the standards and methods of preparation determined by the Minister of the Interior and Safety in consultation with the Minister of Gender Equality and Family. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 16 (Handling of Surplus Accruing from Settlement of Accounts)
Where any surplus accrues from settlement of revenues and expenditures at the end of every fiscal year, the head of a local government shall transfer the surplus remaining after deducting the amounts provided for in each subparagraph of Article 19 of the Act and the amount for the repayment of local government bonds or loan to the revenues of the following year.
 Article 17 (Transfer of Budgetary Surplus Prior to Settlement of Accounts)
Notwithstanding Article 16, the head of a local government may transfer, among the surplus in the settlement of accounts of each fiscal year, the amount of debt determined which is the amount received as revenues from the previous year, the amounts referred to in each subparagraph of Article 19 of the Act, and the surplus remaining after financing the repayment of local government bonds or loans, to the revenues of the relevant year after a fiscal year began even prior to the settlement of revenues and expenditures of the previous year only where it is unavoidable due to financial situations.
CHAPTER IV REVENUES
 Article 18 (Decision on Examination of Revenues)
(1) Where a revenue collector referred to in Article 21 (2) of the Act (hereinafter referred to as “revenue collector”) intends to make a decision on collection of local taxes and other revenues, he or she shall examine any violation of statutes or regulations related to the relevant revenues, the year such revenues are attributed to and any error in the revenue items.
(2) Where a treasurer receiving and disbursing revenues referred to in the main clause of Article 22 (1) of the Act (hereinafter referred to as “treasurer receiving and disbursing revenues”) received cash without a notice of payment, a revenue collector shall make a decision on collection based on the report of receipt.
(3) Where a revenue collector decides to collect revenues pursuant to paragraph 2, he or she shall deliver a notice of decision on collection to the relevant treasurer receiving and disbursing revenues.
 Article 19 (Notice of Payment)
(1) Where a notice of payment is to be made to a person obliged to pay pursuant to Article 21 (2) of the Act, such notice shall be made in the form of a document (including electronic documents or cases of using the local tax information and communications network referred to in Article 2 (1) 28 of the Framework Act on Local Taxes, information and communications network for local non-tax revenue referred to in subparagraph 12 of Article 2 of the Act on the Collection of Local Non-Tax Revenue or other information and communications networks (hereinafter referred to as “information and communications network”) stating the revenue items, amount to be paid, period of payment and place of payment.
(2) Where a revenue collector makes a notice of payment pursuant to paragraph (1), he or she shall fix a deadline for payment within the scope of 15 days from the date of notice, except where a deadline for payment is already fixed by related statues or regulations or in the relevant contract.
(3) Where a revenue collector makes a notice of payment of revenues for which a deadline for payment is fixed as prescribed by related statues or regulations or the relevant contract, he or she shall send the notice of payment so that it can reach the person obliged to pay not later than five days before the period of payment commences.
(4) Where the deadline for payment falls on a public holiday, Saturday, or the Workers’ Day under the Designation of Workers’ Day Act, the immediately following day shall be the deadline for payment.
(5) Where revenues are to be paid electronically using an information and communications network and electronic payment becomes impossible because any of the following reasons occur during the period of payment, the deadline for payment shall be the day immediately following the day when electronic payment becomes possible:
1. Where a blackout occurs;
2. Where any error occurs in an information and communications network or programs;
3. Where any failure in an information and communications network due to other unavoidable reasons makes it impossible to make an electronic payment.
 Article 20 (Receipt by Treasurer Receiving and Disbursing Revenues)
Where a treasurer receiving and disbursing revenues receives local taxes or other revenues pursuant to Article 22 (1) of the Act, he or she shall issue a receipt to the payer and make a report of receipt to a revenue collector.
 Article 21 (Payment of Money Received)
Where a treasurer receiving and disbursing revenues directly receives local taxes or other revenues pursuant to Article 22 (2) of the Act, he or she shall pay such local taxes and other revenues to a treasury designated pursuant to Article 38　(1) of the Act not later than the day provided in each of the following subparagraphs:
1. Where the money is received in the place of location of a treasury (including a person who vicariously performs parts of affairs of a treasury pursuant to Article 49 (1) and (2); hereafter in Articles 22, 29, 50, and 60 through 63 the same shall apply): The day immediately following the date of receipt;
2. In other cases: The fifth day from the date of receipt.
 Article 22 (Receipt in Treasury)
Where a treasury receives revenues or payment of revenues, it shall issue a receipt to the payer and make a report of receipt to a revenue collector.
 Article 23 (Payment in Securities)
(1) Where local taxes or other revenues are to be paid, such payment may be made in securities in place of cash.
(2) Where payment is made in securities in place of cash pursuant to paragraph (1), the types of securities that can replace cash, procedures for payment and other necessary matters shall be prescribed by rule of the relevant local government.
 Article 24 (Revenues in Revenue Stamps)
(1) Non-tax revenues which are prescribed by statutes or regulations or municipal ordinances or rules of the relevant local government may be received in revenue stamps.
(2) In cases of receiving revenue stamps pursuant to paragraph (1), the stamps shall be canceled immediately after receipt, and any decision on revenue collection or payment procedures need not be made or carried out.
 Article 25 (Concurrent Office of Collection Agencies and Receiving Agencies)
“Where a ground prescribed by Presidential Decree exists” in the proviso of Article 23 of the Act means where a government agency of which the maximum number of staff members is not more than five collects revenues concurrently with receiving and disbursing cash.
 Article 26 (Scope of Income-Generating Expenses)
(1) “Expenses prescribed by Presidential Decree” in the main clause of Article 26 (1) of the Act means any of the following expenses:
1. Where a local government provides special services or facilities and collects relevant fees from the person provided with such services or facilities;
2. Where the total sum of the relevant expenses can be disbursed within the scope of revenues;
3. Where the expenses for experiments, practices, or research related to revenues are disbursed within the scope of the revenues.
(2) The detailed types of the expenses referred to in paragraph (1) (hereinafter referred to as “income-generating expenses”) shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 27 (Disbursement of Income-Generating Expenses in Excess of Budget)
(1) Where the head of a local government intends to disburse income-generating expenses in excess of the budget pursuant to the proviso of Article 26 (1) of the Act, he or she shall disburse such expenses by making clear the reasons for and the amount of such disbursement.
(2) The head of a local government may disburse income-generating expenses in excess of the budget pursuant to the proviso of Article 26 (1) of the Act in any of the following cases: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. Where the expenses are used as costs for purchase of assets directly related to the performance of affairs, domestic travel expenses, or costs for maintenance and repair of facilities;
2. Where wages are paid to fixed-time workers hired due to temporary increase in workload;
3. Where other expenses related to excess incomes are used for expenses prescribed by the Minister of the Interior and Safety.
 Article 28 (Procedures for Return of Disbursements)
Where a disburse officer referred to in Article 31 of the Act (hereinafter referred to as “disbursement officer”) intends to return the disbursements to the relevant item for the expenditure pursuant to Article 27 (2) of the Act, he or she shall order the person obliged to return to return the relevant amount.
 Article 29 (Treasury’s Notice of Return of Disbursements)
Where a treasury receives disbursements pursuant to Article 28, it shall state the matter in the book and notify a disbursement officer of the details of receipt.
 Article 30 (Preparation and Submission of Report of Collection)
A disbursement officer shall prepare a report of revenue collection every month and submit it to the head of a local government not later than the 15th day of the following month, accompanying a monthly statement of account of revenue and other referential documents.
 Article 31 (Interest on Overpaid or Erroneously Paid Money Returned)
The interest referred to in the main clause of Article 28 (2) of the Act shall be calculated by applying the interest rate referred to in Article 43-3 (2) of the Enforcement Decree of the Framework Act on National Taxes for the period from the day immediately following the date referred to in each of the following subparagraphs to the date of return:
1. Where overpaid or erroneously paid money is returned because it is revealed that payment was wrongly made due to erroneous payment or double payment, or any request for an objection was raised: The date of payment of the overpaid or erroneously paid money: Provided, That it shall be the last date of payment where payment was made in at least two installments, and where the overpaid or erroneously paid money to be returned exceeds the amount paid in the last installment, it shall be each date of payment of the amount calculated retroactively by order of the date of payment until the sum of the amount paid in each installment reaches the amount of overpaid or erroneously paid money to be returned;
2. Where legally paid money is returned because relevant statues, regulations, or municipal ordinances were enacted, amended or repealed: The date of enforcement of the relevant statues, regulations or municipal ordinances;
3. Where legally paid money is returned because the amount payable is reduced: The date such reduction is determined;
4. Where legally paid money is returned due to modifications in business plans or others, revocation of permission or others which is liable to the payer or other reasons equivalent thereto: The date such administrative disposition is determined.
CHAPTER V EXPENDITURES
 Article 32 (Allocation of Funds)
When budget is enacted, the head of a local government shall develop plans for allocating funds monthly or quarterly in accordance with the plan for allocating budget referred to in Article 56 of the Enforcement Decree of the Local Finance Act and notify the maximum amount disbursable to each institution with a disbursement officer: Provided, That where additional allocation of funds is urgently needed for execution of the budget or where it is deemed unavoidable for management of funds, funds may be allocated frequently.
 Article 33 (Checking Prior to Payment Order)
Before issuing a payment order pursuant to Article 32 of the Act (hereinafter referred to as “payment order”), a disbursement officer shall check if all of the following requirements are satisfied:
1. Documents related to the obligation shall be dispatched pursuant to Article 31 of the Act;
2. Payment shall be made within the amount of the allocated budget and the maximum amount disbursable;
3. Payment shall correspond to the item of expenditure of the year it is attributed.
 Article 34 (Payment Following Payment Order)
Payment following a payment order shall be made by the deadline for closing receipt and disbursement of the relevant fiscal year: Provided, That in cases of falling under any subparagraph of Article 7 (1) of the Act, payment may be made by January 20 of the following fiscal year.
 Article 35 (Matters to Be Stated in Written Payment Order)
(1) A written payment order shall state the following matters:
1. The name (in cases of a corporation, the name of such corporation) of the creditor or his or her agent or the position and name of a person to receive cash;
2. The amount, disbursement item, and year of payment order and the payment order number.
(2) Where it is intended to pay by transfer between accounts of a local government, a payment order shall be issued by stating “transfer required” in the written payment order referred to in paragraph 1.
 Article 36 (Types of Payment Order)
Payment order shall be classified as follows:
1. Cash payment order: Where a payment is made directly from a treasury to a creditor or his or her agent or a person to receive cash;
2. Account payment order: Where a payment is made to the bank account of a creditor.
 Article 37 (Method of Disbursement)
(1) Unless where payment in cash is unavoidable, such as for travel expenses, and it is determined by the Minister of the Interior and Safety, a disbursement officer shall have a treasury make a payment by transfer to a bank account of a creditor or that of a financial institution of a person who vicariously performs affairs regarding payment for a local government pursuant to Article 49 (hereafter in this Article referred to “creditor, etc.”). <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
(2) Where a disbursement officer shall have a treasury make a payment by transfer to a bank account of a creditor, etc. pursuant to paragraph (1), he or she shall send a written payment order to the treasury. In such cases, the head of a local government may have the written payment order sent electronically, in consultation with the treasury.
 Article 38 (Scope of Day-to-Day Expenses)
(1) The day-to-day expenses, etc. for which funds may be provided to treasurers receiving and disbursing day-to-day expenses, etc. referred to in Article 44 (3) of the Act (hereinafter referred to as “treasurers receiving and disbursing day-to-day expenses, etc.”) pursuant to Article 34 (1) of the Act (hereinafter referred to as “day-to-day expenses, etc.) shall be as follows:
1. Travel expenses;
2. General operation cost;
3. Expenses incurred by a government agency without a disbursement officer;
4. Expenses incurred by an office the location of which is irregular;
5. Expenses incurred for construction, manufacture, or forestation conducted by each government agency;
6. Expenses directly paid in small amount to a large number of people;
7. Expenses paid from foreign countries;
8. Expenses for operating vessels;
9. Repayment of the principal and interest of a local government bond or loan;
10. Expenses paid outside the jurisdiction of the relevant local government;
11. Remuneration, allowance, and fixed amount of welfare benefit paid to public officials or other employees;
12. Various allowances, honoraria, and business operating expenses;
13. Expenses for purchasing subsidiary food necessary in each government agency or cost of purchasing materials necessary for construction, examination, or inspection;
14. Where a public official of a government institution or other local government is appointed as an accounting official pursuant to Article 48 of the Act, the expenses granted to the relevant public official;
15. Expenses for transfer to the private sector, compensation money, service cost, and cost of purchasing articles.
(2) The limit to pay to cover the expenses referred to in each subparagraph of paragraph (1) shall be as follows:
1. Expenses referred to in subparagraphs 1, 4, 6, 8, 10, and 13 of paragraph 1: 10 million won, respectively;
2. Expenses referred to in subparagraph 5 of paragraph (1): 20 million won;
3. Expenses referred to in subparagraphs 2, 3, 7, 9, 11, 12, 14, and 15 of paragraph (1): The amount necessary for each purpose.
 Article 39 (Restriction on Grant of Funds for Day-to-Day Expenses)
(1) For day-to-day expenses, etc., an amount for each month shall be pre-arranged and granted: Provided, That for the expenses referred to in Article 38 (1) 4 or 7, an amount for not more than three months may be granted where necessary for the purposes of such affairs.
(2) Notwithstanding paragraph (1), for frequently necessary expenses among day-to-day expenses, etc., a necessary amount shall be pre-arranged and granted in installments, insofar as it does not impede any performance of affairs.
 Article 40 (Payment of Funds Prior to Beginning of Fiscal Year)
The expenses for which a disbursement officer may provide a treasurer receiving and disbursing day-to-day expenses, etc. with fund before a fiscal year begins pursuant to Article 34 (2) of the Act shall be limited to expenses referred to in each subparagraph of Article 57 of the Enforcement Decree of the Local Finance Act.
 Article 41 (Obligations Regarding Day-to-Day Expenses)
A public official who takes partial charge of duties of a financier referred to in Article 29 (2) of the Act (hereinafter referred to as “financier”) pursuant to Article 47 of the Act (hereinafter referred to as “financier in partial charge of duties”) may engage in activities to be the obligation within the limit of amount for each item from the funds granted by a disbursement officer.
 Article 42 (Temporary Treasurer Receiving and Disbursing Day-to-Day Expenses)
(1) Where necessary for receiving and disbursing day-to-day expenses, etc. the head of a local government may appoint a temporary treasurer receiving and disbursing day-to-day expenses, etc. (hereinafter referred to as “temporary treasurer receiving and disbursing day-to-day expenses, etc.”)
(2) Articles 41 and 46 shall not apply to a temporary treasurer receiving and disbursing day-to-day expenses, etc.
 Article 43 (Submission of Statement of Calculation)
(1) A disbursement officer shall prepare a statement of calculation of disbursement concerning disbursement of expenditures under his or her jurisdiction and submit it to the head of a local government.
(2) A treasurer receiving and disbursing day-to-day expenses, etc. and treasurers receiving and disbursing cash other than revenues and expenditures referred to in Article 44 (3) of the Act (hereinafter referred to as “treasurers receiving and disbursing cash other than revenues and expenditures”) shall prepare a statement of calculation of receipt and disbursement of cash under his or her jurisdiction and submit it to the head of a local government via a disbursement officer.
 Article 44 (Advance Payment)
(1) The expenses that can be paid in advance pursuant to Article 35 of the Act shall be as follows:
1. Rent for land or buildings and charterage;
2. Freight charges and honoraria;
3. Expenses paid to the State or a local government or an institution that vicariously performs the affairs of the State or a local government (including an institution referred to in Article 6 (1) 2);
4. Charges, grants, and subsidies;
5. Prices, compensations, or moving expenses of land purchased or expropriated by a local government or articles on such land;
6. Expenses paid to persons entrusted with examinations, research, or investigations;
7. Prices of periodicals including the official gazette;
8. Prices of machines, books, samples, or materials for experiments purchased directly from foreign countries;
9. Expenses paid to persons engaged in research or investigation in foreign countries;
10. Wages paid to persons working in areas with poor transportation service or crew members of ships;
11. Expenses necessary to have foreign institutions or foreigners engage in construction or manufacture in the Republic of Korea for overseas aid projects;
12. Wages paid to persons who transfer to other office, go on a business trip, or take a leave on the payday;
13. Cost of construction, manufacture, or service which does not exceed 70/100 of the contract amount;
14. Expenses paid in the Republic of Korea to a foreign guest invited by a local government;
15. Expenses incurred for disaster relief and recovery.
(2) The advance payment falling under paragraph (1) 13 shall be paid within 14 days from the date a request for the payment thereof is received from the other party to a contract after conclusion of a contract pursuant to the Act on Contracts to Which a Local Government Is a Party: Provided, That where it is impossible to pay in advance due to unavoidable reasons, such as financial condition of a local government, and such reasons are notified in writing to the other party to a contract, advance payment need not be made.
 Article 45 (Scope of Payment by Estimate)
The expenses that can be paid by estimate pursuant to Article 35 of the Act shall be as follows: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. Travel expenses, business operating expenses, special activity costs, and day-to-day expenses;
2. Litigation costs;
3. Expenses paid to government agencies;
4. Charges, grants, and subsidies;
5. Expenses incurred for disaster relief and recovery;
6. Other expenses prescribed by the Minister of the Interior and Safety.
 Article 46 (Where Agencies in Charge of Disbursement Can Concurrently Serve as Agencies in Charge of Receipt and Disbursement)
“Where Presidential Decree expressly prescribes otherwise” in the proviso of Article 36 of the Act means where a financier in partial charge of duties concurrently performs the duties of a treasurer receiving and disbursing day-to-day expenses, etc. in a government agency of which the maximum number of staff members is not more than three.
 Article 47 (Supplementary Expenses)
“Any expense attributed to any supplementary purpose separately prescribed by Presidential Decree” in the proviso to Article 36 of the Act means any of the following expenses: <Amended by Presidential Decree No. 29181, Sep. 18, 2018>
1. Remuneration of public officials;
2. Pension charges referred to in Article 71 of the Public Officials Pension Act;
3. Benefits for the death of a public official;
4. Benefits for the wound on duty of a public official;
5. Indemnities and compensations;
6. Refunds, money for coverage of losses, and repayments;
7. Interest;
8. Expenses for litigations and registration;
9. Costs of printing bills to be submitted to a local council pursuant to statutes, regulations, municipal ordinances, or rules;
10. Local tax collection subsidies;
11. Costs of dispositions on default and penalty;
12. Costs of prevention of infectious diseases and quarantine;
13. Costs of producing vouchers;
14. Costs of returning and storing articles;
15. Various taxes and public charges;
16. Differences owing to increase in public utility charges;
17. Insurance premiums.
CHAPTER VI CASH AND SECURITIES
 Article 48 (Agreement for Affairs of Treasury)
(1) The head of a local government intending to designate a treasury pursuant to Article 38 (1) of the Act shall consider the following matters:
1. The capacity to handle the affairs of a treasury;
2. Convenience of use by residents;
3. Financial structure of a financial institution.
(2) “Where any of the following financial institutions meets the stability standards prescribed by Presidential Decree” in the proviso of Article 38 (1), with the exception of its subparagraphs, of the Act means the cases satisfying all the following requirements based on the audit report referred to in Article 18 (1) of the Act on External Audit of Stock Companies. <Amended by Presidential Decree No. 29269, Oct. 30, 2018>
1. The gross amount of assets shall exceed 250 billion won;
2. The gross amount of capital shall exceed 25 billion won;
3. The proportion of the gross amount of capital to the gross amount of assets shall at least 10/100;
4. The net profit before deducting costs of corporate taxes shall record surplus for three consecutive years.
(3) Where the head of a local government intends to designate a treasury pursuant to Article 38 (1) of the Act, he or she shall conclude an agreement regarding affairs of the treasury with the relevant financial institution.
(4) A treasury shall faithfully perform the duties of a treasury prescribed by statutes, regulations, municipal ordinances or rules and the details of the agreement referred to in paragraph (3) in good faith.
(5) “Any other important matters prescribed by Presidential Decree” in Article 38 (2) of the Act means the following matters: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. The period of agreement regarding affairs of a treasury concluded pursuant to paragraph (3);
2. Management index including capital adequacy ratio;
3. Where it is intended to change a treasury before the end of the period of agreement regarding affairs of a treasury, the reason therefor;
4. Other matters determined by the Minister of the Interior and Safety.
(6) Matters necessary for detailed standards and procedures for designation, other than those prescribed in paragraphs (1) through (5) shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 49 (Vicarious Handling of Part of Affairs of Treasury)
(1) 　Upon approval of the head of a local government, a treasury may have, on its own responsibility, any of the following persons handle part of the affairs of the treasury:
1. Banks under the Banking Act;
2. Postal service agencies under the Postal Savings and Insurance Act;
3. Community credit cooperatives under the Community Credit Cooperatives Act;
4. Credit unions under the Credit Unions Act;
5. Mutual savings banks under the Mutual Savings Banks Act;
6. Corporations which are cooperative members of a financial institution engaged in credit card business under the Specialized Credit Finance Business Act or credit business;
7. Financial investment business entities referred to in Article 8 of the Financial Investment Services and Capital Markets Act.
(2) The head of a local government, if deemed necessary, may designate any of paragraph (1) to handle part of the affairs of the treasury.
 Article 50 (Inspection of Treasury)
The head of a local government shall inspect the current status of receipt and disbursement and books of a treasury by designating a public official for such inspection at least once a year pursuant to Article 40 of the Act.
 Article 51 (Keeping in Treasury of Cash Other than Revenues and Expenditures and Securities)
(1) Cash other than revenues and expenditures of a local government shall be kept in a treasury after a treasurer receiving and disbursing cash other than revenues and expenditures classifies such cash by category, and the said cash shall be attributed to the year to which the date the relevant receipt and disbursement belong;
(2) The head of a local government shall have securities which are owned or kept by the relevant local government be handled by a treasurer receiving and disbursing cash other than revenues and expenditures, unless a public official handling securities is separately designated pursuant to municipal ordinances or rules, and shall have such securities be kept in a treasury pursuant to paragraph (1).
(3) Notwithstanding paragraph (2), securities need not be kept in a treasury where they are submitted in lieu of various deposits in relation to affairs regarding contracts.
 Article 52 (Exception to Restriction on Management of Cash)
“Cases prescribed by Presidential Decree” in Article 43 of the Act means any of the following cases: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. Where it is impossible to transfer to a bank account or use a credit card;
2. Where allowances for day duty or night duty are paid from general operation costs;
3. Where incentives, condolence money, or congratulatory money are paid from business operating expenses;
4. Where travel expenses for public officials are paid;
5. Other expenses determined by the Minister of the Interior and Safety for which payment in cash is deemed unavoidable due to the purpose of such expenses.
CHAPTER VII ACCOUNTING OFFICIALS
 Article 53 (Integrated Disbursement Officer)
(1) An integrated disbursement officer referred to in Article 45 (2) of the Act (hereinafter referred to as “integrated disbursement officer”) shall be appointed by the head of a local government from among public officials under his or her jurisdiction. In such cases, an integrated disbursement officer may be allowed to hold a concurrent office of a public official falling under any of the accounting officials.
(2) An integrated disbursement officer shall perform the following affairs:
1. Preparation of a statement of accounts referred to in Article 14 (1) of the Act;
2. Integrated management of funds necessary for each government agency;
3. Guidance and supervision of disbursement officers and treasurers referred to in Article 44 of the Act (hereinafter referred to as “treasurer”) of each agency;
4. Other affairs regarding integrated management and operation of funds.
(3) Detailed matters necessary for integrated disbursement of finance, other than those prescribed in paragraphs (1) and (2), shall be determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 54 (Treasurer’s Report of Loss)
Where a treasurer lost or damaged cash or articles which he or she had kept, he or she shall report such, without delay, to the head of a local government via a disbursement officer or a property management officer referred to in Article 46 of the Act.
 Article 55 (Disbursement of Money for Coverage of Loss)
(1) Where a disbursement officer deems that it is impossible to recover within the relevant year the revenues and expenditures or cash other than revenues and expenditures lost by a treasurer receiving and disbursing day-to-day expenses or a treasurer receiving and disbursing revenues and expenditures other than cash, he or she shall make a request to the head of a local government for coverage of loss.
(2) Upon receiving a request referred to in paragraph (1), the head of a local government shall have a disbursement officer disburse money for coverage of loss where such loss is deemed necessary to cover.
 Article 56 (Financial Guarantee for Accounting Officials)
In cases of giving financial guarantee for accounting officials pursuant to Article 50 (1) of the Act, the limit amount (in cases of joining a cooperative, the limit amount for joining a cooperative; hereinafter the same shall apply) shall be determined by the head of the relevant local government by taking into account the position and scope of responsibility of the relevant accounting official. In such cases, the limit amount of financial guarantee shall be not less than 10 million won.
CHAPTER VIII SUPPLEMENTARY PROVISIONS
 Article 57 (Inspection of Books)
(1) At the end of each year or where a treasurer is changed, the head of a local government shall have an accounting officer designate a public official of a department in charge of inspection as an inspector to have the books, storage containers, or articles under the jurisdiction of the relevant treasurer inspected.
(2) The head of a local government may request a person or a corporation, institution, or organization with expertise in accounting to participate in the inspection referred to in paragraph (1).
 Article 58 (Internal Control)
(1) The head of a local government shall have an accounting officer select fields vulnerable to accounting fraud or corruption and have the head of a department in charge of inspection regularly inspect the procedures for handling of affairs of the relevant fields.
(2) The head of a local government may establish and operate an internal control information system linked to various administrative information systems in order to efficiently exercise internal control referred to in paragraph (1).
 Article 59 (Keeping of Books of Collection)
(1) A revenue collector, financier, and disbursement officer shall keep books of collection, books of obligations, and books of disbursement and record relevant details in those books.
(2) A treasurer shall keep books of receipt and disbursement of cash and books of receipt and disbursement of articles, and record receipt and disbursement of cash and articles in each book.
 Article 60 (Keeping of Books in Treasury)
(1) A treasury shall keep the following books pursuant to Article 52 of the Act and record receipts and disbursements of cash or supply and demand of securities, which are handled for local governments:
1. Books of receipt and disbursement of revenues and expenditures and cash other than revenues and expenditures;
2. Books of receipt and disbursement of funds paid;
3. Books of issue and repayment of local government bonds;
4. Books of receipt and disbursement of funds granted pursuant to Article 34 (3) of the Act;
5. Books of supply and demand of securities.
(2) A treasury shall keep books related to the affairs of the treasury and evidentiary documents for five years from the date a fiscal year ended.
 Article 61 (Treasury’s Submission of Daily Table)
A treasury shall submit a daily table, monthly table, and other report necessary in relation to the affairs of receipt and disbursement to the head of a local government pursuant to Article 52 of the Act.
 Article 62 (Operation of Integrative Revenue Receipt Management System)
In order to efficiently handle the affairs of receiving local taxes or other revenues and promote convenience of payment by residents, a local government may build and operate an integrative revenue receipt management system (hereinafter referred to as “integrative revenue receipt management system”) together with other local governments by making an agreement with any of the following persons:
1. The treasury of the relevant local government;
2. A treasury of other local government;
3. An operator of a payment gateway system referred to in subparagraph 6 of Article 2 of the Electronic Financial Transactions Act;
4. Other corporations, institutions, or organizations related to the handling of the affairs of receiving local taxes or other revenues.
 Article 63 (Handling of Accounting Affairs through Local Government Finance Management System)
(1) An accounting official shall handle affairs using the information system referred to in Article 96-2 (1) of the Local Finance Act (hereinafter referred to as “local government finance management system”), unless there is a compelling reason not to do so, such as problems in communications or programs: Provided, That where it is impossible to use the local government finance management system due to problems in communications or programs or other reasons, affairs may be handled by a method determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
(2) Where a treasury receives a request by an accounting official through the local government finance management system, it shall promptly handle such request and notify the results thereof, without delay, to a disbursement officer or a treasurer receiving and disbursing day-to-day expenses, etc. through the local government finance management system: Provided, That where it is impossible to use the local government finance management system due to problems in communications or programs or other reasons, such notification may be made in writing.
 Article 64 (Matters Regarding Handling of Accounting Affairs)
(1) The Minister of the Interior and Safety may, if it is necessary for uniform operation of handling of accounting affairs of local governments, other than the matters prescribed by this Decree, establish detailed standards for handling accounting affairs, by referring to the Management of National Funds Act and other statutes or regulations related to accounting of the State. In such cases, matters regarding standards for execution of business operating expenses of local governments shall be prescribed by Ordinance of the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
(2) Matters regarding accounting of local governments, other than the standards prescribed by this Decree and the standards prescribed by the Minister of the Interior and Safety pursuant to paragraph (1), shall be prescribed by rule of a local government, within the scope of the standards determined by the Minister of the Interior and Safety. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 65 (Offset)
(1) With regard to bonds (excluding bonds referred to in each subparagraph of Article 109 of the Enforcement Decree of the Local Finance Act; hereafter the same shall apply in this Article), where the head of a local government becomes aware of the fact that the local government has debts that can be offset with the relevant bonds pursuant to statutes, regulations, municipal ordinances, or rules, or those that can be appropriated for such offset, he or she shall immediately order a disbursement officer dealing with the relevant bonds to offset or appropriate.
(2) In any of the following cases, a disbursement officer shall offset or appropriate, without delay, debts related to disbursements under his or her jurisdiction and report such to the head of the local government:
1. Where there exists any order referred to in paragraph (1);
2. Where he or she becomes aware of the fact that the local government has debts that can be offset with the relevant bonds pursuant to statutes, regulations, municipal ordinances, or rules, or those that can be appropriated for such offset.
 Article 66 (Education for Accounting Officials)
(1) Where the head of a local government intends to conduct education for accounting officials and others pursuant to Article 54 (1) of the Act (hereinafter referred to as “accounting education”), he or she shall conduct a survey on demands for education and training.
(2) The head of a local government shall provide accounting education by any of the following methods: <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
1. On-the-job education conducted by the head of a local government;
2. Education conducted by entrustment to an institution or organization specialized in accounting education, which is designated by the Minister of the Interior and Safety;
3. Education conducted by the Minister of the Interior and Safety following education and training plan for accounting officials referred to in paragraph (3).
(3) The Minister of the Interior and Safety may establish education and training plan for accounting officials and conduct accounting education. <Amended by Presidential Decree No. 28211, Jul. 26, 2017>
 Article 67 (Calculation of Fractions)
“Cases prescribed by Presidential Decree, such as where revenues are collected in installments” in the proviso of Article 55 of the Act means where it falls under any of the following subparagraphs and the amount in installments or fractions are added up to the first revenues or payments:
1. Where the amount in installments is less than 10 won;
2. Where the amount in installments has fractions less than 10 won.
 Article 68 (Handling of Personally Identifiable Information)
(1) Where it is unavoidable to perform the following affairs, the head of a local government (including a person to whom the authority of the head of a local government is delegated or entrusted) or an accounting official may handle documents including the resident registration number referred to in subparagraph 1 of Article 19 of the Enforcement Decree of the Personal Information Protection Act or alien registration number referred to in subparagraph 4 of the same Article:
1. Affairs regarding collection and receipt of local taxes or other revenues referred to in Articles 21 and 22 of the Act;
2. Affairs regarding return of overpaid or erroneously paid money referred to in Article 28 of the Act;
3. Affairs regarding obligations referred to in Article 29 of the Act;
4. Affairs regarding disbursement and payment order referred to in Articles 31 and 32 of the Act;
5. Affairs regarding payment of day-to-day expenses to government agencies referred to in Article 34 of the Act;
6. Affairs regarding keeping of cash other than revenues and expenditures and securities referred to in Article 51;
7. Affairs regarding offset of bonds referred to in Article 65.
(2) A person falling under any subparagraph of Article 62 may, if it is unavoidable for the performance of affairs regarding operation of an integrated revenue receipt management system, handle documents including the resident registration number referred to in subparagraph 1 of Article 19 of the Enforcement Decree of the Personal Information Protection Act or alien registration number referred to in subparagraph 4 of the same Article.
ADDENDA
Article 1 (Enforcement Date)
This Decree shall enter into force on November 30, 2016.
Article 2 Omitted.
Article 3 (Relation to Other Statutes or Regulations)
Where other statutes or regulations cite provisions of the former Enforcement Decree of the Local Finance Act (referring to the enforcement decree prior to amendment following Article 2 (13) of the Addenda; hereinafter referred to as “former enforcement decree of the Local Finance Act”) as at the time this Decree enters into force and where this Decree includes any provisions corresponding thereto, this Decree or the relevant provisions of this Decree shall be deemed cited in lieu of the provisions of the former enforcement decree of the Local Finance Act.
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 the parts amending presidential decrees which were promulgated before this Decree enters into force but the enforcement date of which has not yet arrived, from among presidential decrees amended pursuant to Article 8 of the Addenda, shall enter into force on the respective date of enforcement of the relevant presidential decrees.
Articles 2 through 8 Omitted.
ADDENDA <Presidential Decree No. 29181, Sep. 18, 2018>
Article 1 (Enforcement Date)
This Decree shall enter into force on September 21, 2018.
Articles 2 through 25 Omitted.
ADDENDA <Presidential Decree No. 29269, Oct. 30, 2018>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 1, 2018.
Articles 2 through 11 Omitted.