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FRAMEWORK ACT ON MARINE FISHERY DEVELOPMENT

Act No. 6700, May 13, 2002

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

Act No. 9454, Feb. 6, 2009

Act No. 9717, May 27, 2009

Act No. 11596, Dec. 18, 2012

Act No. 11709, Mar. 23, 2013

Act No. 12491, Mar. 18, 2014

Act No. 14079, Mar. 22, 2016

Act No. 14515, Dec. 27, 2016

Act No. 14804, Apr. 18, 2017

Act No. 16517, Aug. 20, 2019

Act No. 16570, Aug. 27, 2019

CHAPTER I GENERAL PROVISIONS
 Article 1 (Purpose)
The purpose of this Act is to contribute to the development of the national economy and the improvement of the national welfare, by determining the Government’s basic policy and its directions for the rational management, preservation, development and use of the sea and marine fishery resources, and the fostering of marine fisheries. <Amended by Act No. 14804, Apr. 18, 2017>
 Article 2 (Basic Ideology)
Recognizing that the sea is a rich repository of natural resources and a ground for living as well as a passage of logistics, and as such it exerts considerable influence on the national economy and national life, the basic ideology of this Act is to cultivate opulent and vibrant seas to be bequeathed to the future generations, by creating an environment where the marine fisheries can become more knowledge- and information-based and create higher added value, protecting the life and property of the people in the sea, and seeking the environment-friendly and sustainable development or use of the marine fishery resources. <Amended by Act No. 14804, Apr. 18, 2017>
 Article 3 (Definitions)
The definition of terms used in this Act shall be as follows: <Amended by Act No. 11596, Dec. 18, 2012; Act No. 14804, Apr. 18, 2017>
1. The term "sea" means the sea area such as inland waters, territorial waters, exclusive economic zone, continental shelf, etc. of the Republic of Korea whereto extends the sovereignty, sovereign rights or jurisdiction of the Republic of Korea, and the sea area wherein the Government of the Republic of Korea or her people may take part for its development, utilization or preservation under the treaties concluded and promulgated under her Constitution, or the generally-approved international statutes;
2. The term "marine fishery resources" means the resources valuable to the national economy and national living, such as the marine living resources, marine mineral resources, marine energy, marine tourism resources, marine space resources, etc. which may be developed or utilized;
2-2. The term "marine science and technology" means science and technology related to the management, preservation, development and utilization of seas and marine resources;
3. The term "marine fisheries" means the following industries related to the management, preservation, development or use of the seas and marine fishery resources:
(a) Industries related to the gathering, capture, culture, process and distribution of fishery resources;
(b) Industries related to the marine logistics and marine transportation such as the marine transportation business and harbor construction or operational business;
(c) Industries which explore, collect, extract, smelt or produce the marine minerals (excluding the submarine minerals under subparagarph 1 of Article 2 of the Submarine Mineral Resources Development Act) from the seabed or seal water (including the deep sea water; hereinafter the same apply), and related to the development and operation of the facilities or equipment for such;
(d) Industries related to the development and utilization of the marine energy;
(e) Industries related to the construction, establishment or composition of the marine facilities or marine space, or those related to the development and operation of the facilities and equipment for such;
(f) Industries related to the preservation and restoration of the marine environment and marine ecosystem;
(g) Industries related to the marine tourism or leisure such as the fishing villages, marine tourism or marine leisure sports;
(h) Industries related to the use of sea water directly or by refining and processing, or to the manufacturing of salt;
(i) Other industries related to the sea or marine fishery resources, as prescribed by Presidential Decree.
 Article 4 (Relations with Other Acts)
Other Acts concerning the maritime affairs and fisheries shall be enacted or amended in compliance with the purpose and basic ideology of this Act.
 Article 5 (Basic Responsibility of State, etc.)
(1) The State and local governments shall be responsible for preserving the marine environment, marine fishery resources and marine ecosystem. <Amended by Act No. 14804, Apr. 18, 2017>
(2) The State and local governments shall, in promoting the development of the marine fisheries, ensure that the sea and marine fishery resources are managed, preserved, developed or used in a harmonious and balanced manner. <Amended by Act No. 14804, Apr. 18, 2017>
(3) The State and local governments shall continuously promote the creation of the infrastructures and environments required for the development of maritime affairs and fisheries.
CHAPTER II FORMULATION OF MARITIME AFFAIRS AND FISHERIES POLICIES AND SYSTEM FOR IMPLEMENTATION THEREOF
 Article 6 (Master Plan for Development of Maritime Affairs and Fisheries)
(1) The Government shall, in order to efficiently achieve the purpose of this Act, establish the mid- to long-term policy objectives and directions thereof concerning the rational management, preservation, development and use of the sea and marine fishery resources, and the fostering of the marine fisheries (hereinafter referred to as the “marine development, etc.”), formulate every decade a master plan for development of the maritime affairs and fisheries (hereinafter referred to as the “master plan”) as prescribed by Presidential Decree, and implement such master plan. <Amended by Act No. 14804, Apr. 18, 2017>
(2) A master plan shall contain the following: <Amended by Act No. 14804, Apr. 18, 2017>
1. Basic conception of the Government concerning the marine development, etc. and its implementation objectives;
2. Matters concerning the management, preservation, etc. of the sea;
3. Matters concerning the management, preservation, development, use, etc. of marine fishery resources;
4. Matters concerning the fostering of marine fisheries;
5. Matters concerning the foundation for the development of maritime affairs and fisheries and the advancement of environmental preservation;
6. Matters concerning the fostering of human resources specialized in maritime affairs and fisheries;
7. Matters concerning the management and preservation of the islands (excluding the islands designated as islands for development under Article 4 of the Islands Development Promotion Act, and designated as a specific islands under Article 4 of the Special Act on the Preservation of the Ecosystems in Island Areas including Dokdo; hereinafter the same shall apply);
8. Matters concerning the enhancement of maritime safety;
9. Matters concerning the comprehensive and planned implementation of marine development, etc.
(3) The Government shall, in cases of establishing or modifying a master plan, finalize such plan through the deliberation of the Maritime Affairs and Fisheries Development Committee referred to in Article 7 and the State Council, and shall make an public announcement thereof; Provided, That the same may not apply where any change is made to insignificant matters prescribed by Presidential Decree. <Amended by Act No. 14804, Apr. 18, 2017>
(4) The Government shall formulate and implement an annual implementation plan for the development of maritime affairs and fisheries (hereinafter referred to as "implementation plan") in accordance with the master plan and endeavor to secure financial resources necessary therefor. In such cases, if there exists any plan for each sector pursuant to other statutes, it shall be reflected in the implementation plan. <Amended by Act No. 16517, Aug. 20, 2019>
(5) The Government shall prepare the implementation plan for the relevant year under paragraph (4) and the achievements in the implementation of the preceding year’s plan, as prescribed by Presidential Decree.
(6) The Government shall submit to the National Assembly an annual report as to the main details of the master plan, the implementation plan for the relevant year, and the achievements in the implementation of the preceding year’s plan.
 Article 6-2 (Relations with Plans under Other Statutes)
A master plan shall take precedence over plans concerning the maritime affairs and fisheries which are established under the other statutes, and shall form the basis for such plans; Provided, That this shall not apply to any plan concerning the military and energy.
[This Article Newly Inserted by Act No. 14804, Apr. 18, 2017]
 Article 7 (Maritime Affairs and Fisheries Development Committee)
The Maritime Affairs and Fisheries Development Committee (hereinafter referred to as the "Committee") shall be established under the control of the Minister of Oceans and Fisheries in order to deliberate on master plans, important policies on marine development, etc. and marine environment. <Amended by Act No. 9454, Feb. 6, 2009; Act No. 11709, Mar. 23, 2013>
 Article 8 (Composition, etc. of Committee)
(1) The Committee shall be composed of not more than 25 members including one chairperson.
(2) The chairperson of the Committee shall be the Minister of Oceans and Fisheries, and members of the Committee shall be those prescribed by Presidential Decree from Vice-Ministerial-level public officials of related central administrative agencies and those commissioned by the Minister of Oceans and Fisheries (hereinafter referred to as “commissioned members”) from among those with expert knowledge and extensive experience in the sea, marine fishery resources, marine fisheries or marine environment. <Amended by Act No. 9454, Feb. 6, 2009; Act No. 11709, Mar. 23, 2013; Act No. 14804, Apr. 18, 2017>
(3) The Committee shall have one executive secretary, who shall be the Vice Minister of Oceans and Fisheries. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 9454, Feb. 6, 2009; Act No. 11709, Mar. 23, 2013>
(4) The number of commissioned members shall be not less than five, and their terms of office shall be two years, and they may serve consecutive terms.
(5) The composition and operation of the Committee and other necessary matters shall be prescribed by Presidential Decree.
 Article 9 (Duties of Committee)
The Committee shall deliberate on the following: <Amended by Act No. 16570, Aug. 27, 2019>
1. Matters concerning the establishment of a master plan;
2. Matters concerning the establishment of national objectives and institutional development with regard to marine development, etc.;
3. Matters concerning the adjustment of important policies on marine development, etc.;
4. Matters concerning the fostering of and support for marine fisheries;
5. Matters concerning the important policies, establishment of a plan, etc. on marine environment;
6. Matters concerning the establishment and adjustment of policies relating to marine security;
7. Matters concerning a plan for marine scientific and research under Article 17 (1);
8. Matters concerning the establishment and adjustment of policies relating to islands;
9. Matters concerning the establishment and adjustment of policies relating to the management of marine space;
10. Matters concerning the establishment and adjustment of policies relating to fishing villages and fishery harbors;
11. Matters required to be deliberated on by the Committee under other statutes;
12. Other matters to be referred for deliberation by the chairperson.
[This Article Wholly Amended by Act No. 14804, Apr. 18, 2017]
 Article 10 (Request for Submission of Materials, etc.)
The Committee may, if deemed necessary for performing its duties, request the head of the related administrative agency to submit materials or to present his/her opinion, etc., and the head of the related administrative agency, upon receipt of such request, shall comply therewith in the absence of good cause to the contrary.
 Article 11 (Working Committee)
(1) The working committee for maritime affairs and fisheries development (hereafter referred to as the "working committee" in this Article) shall be established in the Committee in order to render practical support for the efficient operation of the Committee and deliberation on agenda items by the Committee.
(2) Subcommittees may be operated in each field under the working committee for its efficient operation.
(3) The composition and operation of the working committee and subcommittees and other necessary matters shall be prescribed by Presidential Decree.
CHAPTER III MARINE DEVELOPMENT, ETC.
SECTION 1 Management and Preservation, etc. of Seas
 Article 12 (Management of Seas)
(1) The Government shall strive for preservation of the marine environment and marine fishery resources, and for its sustainable development. <Amended by Act No. 14804, Apr. 18, 2017>
(2) The Government shall ensure the comprehensive and systematic management and preservation of the resources in the sea area under the sovereign rights or jurisdiction of the Republic of Korea, such as the exclusive economic zone and continental shelf, and shall secure the various capabilities to do so.
 Article 13 (Preservation of Marine Environment)
The Government shall devise measures to prevent the generation or influx of pollutants or wastes, or remove pollutants or wastes for the sake of the preservation of marine environment.
 Article 14 (Preservation of Marine Ecosystem)
The Government shall endeavor to preserve and restore marine ecosystems, such as preserving marine biodiversity and protecting the habitats of marine life.
 Article 15 (Management of Marine Safety)
In order to prevent marine accidents from inflicting damage on human lives and properties, or causing marine pollution, etc., the Government shall devise and implement measures on marine safety management, such as developing marine safety technologies, improving the marine traffic environment, securing ship safety, and establishing a system to rapidly respond to accidents.
SECTION 2 Development and Use, etc. of Marine Fishery Resources
 Article 16 (Development, etc. of Marine Fishery Resources)
The Government shall prepare and implement measures required for the management, preservation, development and use of marine fishery resources. <Amended by Act No. 14804, Apr. 18, 2017>
 Article 17 (Marine Scientific Research and Technological Development)
(1) The Government shall establish and implement a plan for marine scientific research including the following matters for the effective marine management, as prescribed by Presidential Decree: <Newly Inserted by Act No. 14804, Apr. 18, 2017>
1. Policy objectives and direction of the Government on marine scientific research;
2. Matters concerning the investigation items of marine scientific research such as the ecosystem, environment, physics, geology, and research methods by investigation items;
3. Matters concerning the establishment of a common utilization system and the standardization of marine information on the results of marine scientific research;
4. Other matters necessary for the effective marine scientific research.
(2) The Government shall conduct scientific research and observation on the sea for the rational management, preservation, development and use of the sea and marine fishery resources, and may build and operate the national marine observation network for its efficient implementation. <Amended by Act No. 14804, Apr. 18, 2017>
(3) The Minister of Oceans and Fisheries shall establish and implement a plan for the development of marine science and technology, in order to improve the marine science and technology and to facilitate its practicalization and industrialization. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013; Act No. 14804, Apr. 18, 2017>
 Article 18 (Use of Marine Spaces)
The Government shall endeavor to utilize the marine spaces scientifically and economically, through installation and operation of oceanic cities, artificial islands, marine structures, etc.
 Article 19 (Exploitation of Forward Base for Marine Development)
The Government shall develop a forward base for marine development to develop overseas marine living resources and marine mineral resources.
 Article 20 (Installation of Marine Research Station, and Survey and Research)
The Government shall devise and implement support plans required for the installation of a marine research station in a specific area, such as the South Pole and the North Pole, and for the advancement of marine science survey and research.
 Article 21 (Promotion of International Cooperation)
The Government shall endeavor to promote efficient international cooperation, such as the establishment of an organization designed to facilitate technological cooperation, information exchange, joint survey and research concerning marine development, etc. in collaboration with foreign countries, international organizations, etc.
 Article 21-2 (Promotion of International Development Cooperation)
(1) The Minister of Oceans and Fisheries shall promote international development cooperation in the fields of maritime affairs and fisheries in order to contribute to the national economy and to the international community through the stable securing of the world’s marine fishery resources and economic development of coastal developing countries, respectively.
(2) The Minister of Oceans and Fisheries may designate a specialized institution and have it perform the whole or part of international development cooperation affairs under paragraph (1), as prescribed by Presidential Decree.
[This Article Newly Inserted by Act No. 16517, Aug. 20, 2019]
 Article 22 (Inter-Korean Cooperation for Maritime Affairs and Fisheries)
The Government shall endeavor to promote cooperation in the fields of maritime affairs and fisheries, such as by conducting joint research on marine science, joint development of marine fishery resources, joint fishery with residents in the northern territory of the military demarcation line, developing a sea route connecting the northern areas of the military demarcation line, and exchanging fishery products. <Amended by Act No. 14804, Apr. 18, 2017>
SECTION 3 Fostering of Marine Fisheries
 Article 23 (Strengthening, etc. of Competitiveness of Shipping and Port Industries)
For the purpose of strengthening the international competitiveness of shipping and port industries and increasing the efficiency of harbor operation, the Government shall devise and implement measures required for the fostering of shipping industry and the development of port and harbor industry.
 Article 24 (Expansion of Port Facilities, etc.)
The Government shall devise and implement measures required to expand port and harbor facilities and fishery harbor facilities, such as the construction of ports and harbors and fishery harbors, the construction of port hinterlands, the development of harbor construction technology.
 Article 25 (Fostering of Fisheries)
(1) The State and local governments shall devise and implement measures necessary to maintain and expand a sustainable basis for production of fishery products and to foster an environment-friendly fisheries.
(2) The State and local governments shall devise and implement measures necessary to create a stable foundation for process and distribution of fisheries and to promote the export of fisheries.
[This Article Newly Inserted by Act No. 14804, Apr. 18, 2017]
 Article 26 (Fostering of Science and Technology of Fisheries)
(1) The State and local governments may, in order to foster fisheries science and technology, enable research institutes, guidance organizations, colleges, organizations, etc. relating to fisheries (hereafter referred to the “fisheries-related agencies” in this Article) to perform the research, development and diffusion of fisheries science and technology.
(2) The State and local governments may grant fisheries-related agencies subsidy for their research, development and diffusion of fisheries science and technology under paragraph (1).
[This Article Newly Inserted by Act No. 14804, Apr. 18, 2017]
 Article 27 (Welfare Improvement, etc. of Fishing Village Residents)
The State and local governments shall devise and implement measures required for balanced development and preservation of the national land, such as improving the quality of life and developing fishing villages through the welfare improvement, income increase, etc. of fishing village residents.
[This Article Newly Inserted by Act No. 14804, Apr. 18, 2017]
 Article 28 (Promotion of Marine Tourism)
(1) In order to improve the health, recreation, and emotional life of all Koreans, the Government shall devise and implement measures required to facilitate tourist activities, leisure or sports in the seas (hereafter referred to as the "marine tourism" in this Article).
(2) The Minister of Oceans and Fisheries may designate, as the undersea scenic zone, the sea area in which undersea scenery is excellent and ecosystems are well preserved, as prescribed by Presidential Decree for the promotion of marine tourism. In such cases, where the sea area intended for such designation as the undersea scenic zone corresponds to a natural park under subparagraph 1 of Article 2 of the Natural Parks Act, he/she shall consult in advance with the Minister of Environment. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013>
(3) For the purpose of cultivating sound emotions of all Koreans, expanding exchanges between cities and fishing villages, and increasing the income of residents in fishing villages, the Minister of Oceans and Fisheries shall devise and implement measures to encourage specialized fishing village tourism aimed at developing fishing villages into tourist attractions that have their own characteristics. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013>
(4) Where necessary for the development of specialized fishing village tourism under paragraph (3), the State may render support required for installing and operating cultural facilities, etc. or for holding a regional cultural event, etc.
(5) In order to support and foster sports and leisure activities in the seas, the Minister of Oceans and Fisheries shall formulate and implement a plan to promote sports and leisure activities in the seas. <Newly Inserted by Act No. 11709, Mar. 23, 2013>
 Article 28-2 (Support for Development of New Industries in Maritime Affairs and Fisheries)
The Government shall devise and implement measures required for the creating new growth power and fostering the relevant industries in the maritime affairs and fisheries.
[This Article Newly Inserted by Act No. 14804, Apr. 18, 2017]
 Article 29 Deleted. <by Act No. 14515, Dec. 27, 2016>
CHAPTER IV LAYING FOUNDATION FOR AND CREATING ENVIRONMENT OF DEVELOPMENT OF MARITIME AFFAIRS AND FISHERIES
 Article 30 (Establishment and Fostering, etc. of Research Institutes)
(1) The Government may establish and foster the research institutes which conduct the survey, research and development of science and technology for the rational management, preservation, development and use of the seas and marine fishery resources, pursuant to the Act on the Establishment, Operation and Fostering of Government-Funded Research Institutes, Etc. <Amended by Act No. 14804, Apr. 18, 2017>
(2) The Government shall endeavor to establish and utilize systematic collaborative research systems among the academic circles, research institutes and industrial circles.
 Article 31 (Fostering, etc. of Skilled Personnel in Maritime Affairs and Fisheries)
(1) The Government shall establish and operate training centers and educational institutes in order to foster human resources specialized in the fields of maritime affairs and fisheries and to efficiently utilize such personnel.
(2) If necessary to foster human resources specialized in maritime affairs and fisheries under paragraph (1), the Minister of Oceans and Fisheries may give his/her opinions on increasing the fixed number of personnel and creating new educational courses to the heads of a training center or an educational institute and the heads of relevant central administrative agencies. In such cases, the heads of relevant central administrative agencies shall take such opinions into consideration. <Newly Inserted by Act No. 12491, Mar. 18, 2014>
(3) The Minister of Oceans and Fisheries shall devise and implement measures required for stabilizing employment of crewmen and enhancing their welfare. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013; Act No. 12491, Mar. 18, 2014>
(4) The Minister of Oceans and Fisheries shall devise and implement measures required for fostering successors to fisheries who settle in a fishing village and who operate or intend to operate fishery, and professional fishing people equipped with the professional fisheries technology and managerial capability. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013; Act No. 12491, Mar. 18, 2014>
 Article 32 (Information-Oriented Advancement for Marine Development, etc.)
(1) The Minister of Oceans and Fisheries shall devise and implement measures required for more sophisticated information processing systems concerning marine development, etc. and for smooth distribution of information. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013>
(2) The Minister of Oceans and Fisheries may establish and operate the national information center for maritime affairs and fisheries, in order to efficiently collect, manage and provide information concerning marine development, etc. <Amended by Act No. 8852, Feb. 29, 2008; Act No. 11709, Mar. 23, 2013>
(3) Matters necessary for the establishment and operation of the national information center for maritime affairs and fisheries under paragraph (2) shall be prescribed by Ordinance of the Ministry of Oceans and Fisheries. <Newly Inserted by Act No. 16517, Aug. 20, 2019>
 Articles 33 and 33-2 Deleted. <by Act No. 14515, Dec. 27, 2016>
 Article 34 (Promotion, etc. of Marine Culture)
(1) The Government shall endeavor to encourage enterprising spirit in regards of the seas and to promote the marine culture.
(2) The Government shall endeavor to promote people’s understanding of marine development, etc. and to disseminate knowledge thereof.
 Article 35 (Support for Finance, etc.)
The Government may, if deemed necessary for achieving the purpose of this Act, render fiscal or financial support to institutions, etc. related to maritime affairs and fisheries.
 Article 36 (Creation and Management of Statistics)
(1) The Minister of Oceans and Fisheries shall create and manage the statistics related to the maritime affairs and fisheries necessary for the effective establishment of policy measures on the development of the maritime affairs and fisheries.
(2) The Minister of Oceans and Fisheries may request the head of the relevant public agencies and a person who operates the marine fisheries to provide materials and information necessary for the creation and management of statistics under paragraph (1).
(3) The Minister of Oceans and Fisheries may designate a specialized institution and have it perform the whole or a part of duties regarding the creation and management of statistics under paragraph (1), as prescribed by Presidential Decree.
(4) Except otherwise expressly provided for in this Act, the Statistics Act shall apply to the creation and management of statistics prescribed in paragraph (1).
[This Article Newly Inserted by Act No. 14804, Apr. 18, 2017]
ADDENDA
(1) (Enforcement Date) This Act shall enter into force six months after the date of its promulgation.
(2) (Repeal of other Act) The Framework Act on Marine Development is hereby repealed.
(3) (Transitional Measures) The master plans and implementation plans for marine development formulated pursuant to Article 3 of the previous Framework Act on Marine Development as at the time this Act enters into force, shall be deemed to be the master plans and implementation plans for the development of maritime affairs and fisheries under this Act, until the master plans and implementation plans for the development of maritime affairs and fisheries are formulated and implemented pursuant to Article 6.
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. 9454, Feb. 6, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 (Transitional Measures concerning Succession to Affairs of Marine Fishery Development Committee)
Affairs under the jurisdiction of the previous Marine Fishery Development Committee as at the time this Act enters into force shall be succeeded by the Marine Fishery Development Committee pursuant to the amended provisions of Article 7.
Article 3 (Transitional Measures concerning Closure of Marine Environment Management Committee)
Affairs under the jurisdiction of the previous Marine Environment Management Committee as at the time when this Act enters into force shall be succeeded by the Maritime Affairs and Fisheries Development Committee pursuant to the amended provisions of Article 7.
Article 4 Omitted.
ADDENDA <Act No. 9717, May 27, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Act No. 11596, Dec. 18, 2012>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 (Transitional Measures concerning Korea Institute of Marine Science and Technology Promotion)
(1) Where the Korea Institute of Marine Science and Technology Promotion established as an incorporated foundation under the Civil Act at the time this Act enters into force (hereafter referred to as the "Korea Institute of Marine Science and Technology Promotion as an incorporated foundation" in this Article) registers its incorporation after obtaining approval from the Minister of Oceans and Fisheries following a resolution by the board of directors concerning succession of its status, it shall be deemed to be the Institute established under Article 33-2. In such cases, the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation shall be deemed to be dissolved notwithstanding the provisions concerning the dissolution and liquidation of corporations prescribed in the Civil Act. <Amended by Act No. 11709, Mar. 23, 2013>
(2) In cases falling under paragraph (1), the property, rights and obligations of the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation shall be deemed the property, rights and obligations of the Institute, and the name of the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation stated in the registry of its property, rights and obligations and in other official books shall be deemed the name of the Institute.
(3) The value of the property which is construed as the property of the Institute shall be the book value as of the day immediately before the registration of its incorporation under paragraph (1).
(4) In cases falling under paragraph (1), any acts conducted by the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation before this Act enters into force shall be deemed the acts conducted by the Institute, and any acts conducted in relation to the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation shall be deemed the acts conducted in relation to the Institute.
(5) In cases falling under paragraph (1), the executives and employees of the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation at the time this Act enters into force shall be deemed to have been elected or appointed as the executives and employees of the Institute. In such cases, the terms of office for the executives shall be the remainder of their terms of office provided in the articles of incorporation of the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation.
(6) In cases falling under paragraph (1), the Korea Institute of Marine Science and Technology Promotion as an incorporated foundation designated as a public institution by the Minister of Strategy and Finance pursuant to the Act on the Management of Public Institutions at the time this Act enters into force shall be deemed the Institute designated as a public institution.
ADDENDUM <Act No. 11709, Mar. 23, 2013>
This Act shall enter into force on the date of its promulgation.
ADDENDUM <Act No. 12491, Mar. 18, 2014>
This Act shall enter into force on the date of its promulgation.
ADDENDA <Act No. 14079, Mar. 22, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA <Act No. 14515, Dec. 27, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDA <Act No. 14804, Apr. 18, 2017>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 Omitted.
ADDENDUM <Act No. 16517, Aug. 20, 2019>
This Act shall enter into force six months after the date of its promulgation.
ADDENDA <Act No. 16570, Aug. 27, 2019>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 Omitted.