ENFORCEMENT DECREE OF THE ACT ON BROADCAST ADVERTISING SALES AGENCIES
Presidential Decree No. 23793, May 22, 2012
Amended by Presidential Decree No. 24697, Aug. 27, 2013
Presidential Decree No. 25277, Mar. 24, 2014
Presidential Decree No. 25532, Aug. 6, 2014
CHAPTER I GENERAL PROVISIONS
CHAPTER II BROADCAST ADVERTISING SALES AGENCIES
| Article 2 (Exceptions to Broadcast Advertising Sales Agencies) |
| 1. | A broadcast advertisement the advertiser of which is either the State or a local government; |
| 2. | A broadcast advertisement that introduces any business of a terrestrial broadcasting business entity, a terrestrial broadcasting program provider, or a general program provider (hereinafter referred to as "broadcasting business entity") or its own event; |
| 3. | Other broadcast advertisements for public interests determined and publicly notified by the Korea Communications Commission. |
| Article 3 (Permission for Advertising Sales Agency Business) |
| (1) | Any person who intends to obtain permission for broadcast advertising sales agency business under Article 6 (1) of the Act (hereinafter referred to as “advertising sales agency business”) shall file an application for permission with the Korea Communications Commission, along with the following documents: |
| 1. | The articles of the corporation (including a corporation to be established; hereafter in this Article the same shall apply); |
| 2. | Documents related to share or equity ownership of the corporation; |
| 4. | A plan for assisting terrestrial broadcasting business entities for a local network and small or medium terrestrial broadcasting business entities (limited to advertising sales agency business to sell broadcast advertisements on behalf of terrestrial broadcasting business entities); |
| 5. | A support plan for the development of the broadcasting and advertising industries; |
| 6. | Other documents determined and publicly notified by the Korea Communications Commission. |
| (2) | Upon receipt of an application for permission under paragraph (1), the Korea Communications Commission shall ascertain the corporation registration certificate (excluding cases of a corporation to be established) through administrative data matching under Article 36 (1) of the Electronic Government Act. |
| 1. | Public good, fairness, and practicability of a broadcast advertising sales plan: |
| (a) | A broadcast advertising sales plan and terms and conditions of business for broadcast advertising sales in accordance with such plan shall conform to public interests and raise no concern of harming a fair trade order in the broadcast advertising sales market; |
| (b) | A plan to secure an adequate sales volume of broadcast advertisements shall be specific and appropriate, such as the high possibilities for concluding broadcast advertising sales agency contracts with broadcasting business entities; |
| 2. | Appropriateness and practicability of a plan for assisting terrestrial broadcasting business entities for a local network and small or medium terrestrial broadcasting business entities, including assistance in combined sales of broadcast advertisements and the distribution of advertising sales (limited to advertising sales agency business to sell broadcast advertisements on behalf of terrestrial broadcasting business entities): |
| (a) | A plan for assistance in fulfilling the obligation of combined sales of broadcast advertisements pursuant to Article 20 of the Act shall be specific and appropriate; |
| (b) | Standards for distributing advertising sales between broadcasting business entities shall be reasonable and fair; |
| (c) | A plan for assistance in advertising sales, other than combined sales of broadcast advertisements, shall be specific and appropriate; |
| 3. | Appropriateness of a business management plan, including the management of the organization and human resources: |
| (a) | An adequate organization and human resources shall be equipped in consideration of the scale of broadcast advertising sales agency business, etc.; |
| (b) | A human resources management plan shall be appropriate to ensure and maintain professionalism in broadcast advertising sales; |
| (c) | A business management plan shall be appropriate to ensure transparency in management, etc.; |
| 4. | Financial capacity and financial stability: |
| (a) | The amount of the capital, funding methods, etc. shall be appropriate; |
| (b) | The applying corporation and its major investors shall be financially stable, etc.; |
| 5. | Appropriateness of a support plan for the development of the broadcasting and advertising industries: A support plan for the development of the broadcasting and advertising industries shall be appropriate and specific, including standardization of advertising, advertising effect measurement, advertising related surveys and research, and producing and airing public service advertisements; |
| 6. | Other matters necessary for performing business: Other matters necessary for performing business, such as timing for commencing advertising sales agency business, shall be appropriate. |
| (4) | Upon receipt of an application for permission under paragraph (1), the Korea Communications Commission shall examine the detailed requirements for permission prescribed in paragraph (3) and decide whether to grant permission. |
| (5) | Where the Korea Communications Commission grants permission pursuant to paragraph (4), it shall publicly announce such fact on its website, etc. and issue a permit to the applicant. |
| (6) | Except as provided in paragraphs (1) through (5), details necessary for the procedures, methods, etc. for permission shall be determined and publicly notified by the Korea Communications Commission. |
| Article 4 (Permission for Changes) |
| (1) | Any person who intends to obtain permission for changes pursuant to Article 8 (1) of the Act shall file an application for permission for changes with the Korea Communications Commission, along with the following documents: |
| 1. | The articles of incorporation and business status of the parties to a merger or division or the transferor and transferee; |
| 2. | Documents related to the share and equity ownership of the surviving corporation after a merger or division, a corporation to be established by a merger or division, or the transferor and transferee; |
| 3. | A business plan after a merger or division or transfer and take-over; |
| 4. | A plan for assisting terrestrial broadcasting business entities for a local network and small or medium terrestrial broadcasting business entities after a merger or division or transfer and take-over (limited to advertising sales agency business to sell broadcast advertisements on behalf of terrestrial broadcasting business entities); |
| 5. | A support plan for the development of the broadcasting and advertising industries; |
| 6. | A copy of the merger or division or transfer and take-over contract; |
| 7. | Other documents to verify changes, determined and publicly notified by the Korea Communications Commission. |
| (2) | Upon receipt of an application for permission for changes under paragraph (1), the Korea Communications Commission shall examine the detailed requirements for permission prescribed in Article 3 (3) and decide whether to grant permission for changes. |
| (3) | Where the Korea Communications Commission decides whether to grant permission for changes pursuant to paragraph (2), it shall publicly announce such fact on its website, etc. and issue a permit for changes to the applicant who has obtained permission for changes. |
| (4) | Except as provided in paragraphs (1) through (3), details necessary for the procedures, methods, etc. for permission for changes shall be determined and publicly notified by the Korea Communications Commission. |
| Article 5 (Scope of Related Persons) |
| (1) | “Persons in a relationship prescribed by Presidential Decree” in Article 8 (2) of the Act and “persons in a relationship prescribed by Presidential Decree” in Article 13 (2) of the Act mean persons in any of the following relationships with the principal (hereinafter referred to as “related persons”): |
| 1. | Where the principal is an individual, any of the following persons: |
| (a) | A spouse (including a person in a de facto marital relationship), a blood relative within the sixth degree, or a relative by marriage within the fourth degree; |
| (b) | A corporation (including an association or foundation without corporate personality; hereafter in this Article the same shall apply) that, alone or together with persons in any of the relationships referred to in item (a), has invested or contributed at least 30/100 of the capital or exercises de facto control over significant managerial matters or an executive officer of such corporation (referring to a director, auditor, general partner, or any other person who is in any de facto equivalent position; hereafter in this Article the same shall apply); |
| (c) | A corporation that, alone or together with persons in any of the relationships referred to in item (a) or (b), has invested or contributed at least 30/100 of the capital or exercises de facto control over significant managerial matters or an executive officer of such corporation; |
| 2. | Where the principal is a corporation, any of the following persons: |
| (a) | An executive officer; |
| (c) | An individual who, alone or together with persons in any of the relationships referred to in the items of subparagraph 1, has invested in or contributed to the principal at least 30/100 of the capital or exercises de facto control over significant managerial matters related to the principal, or an individual, corporation or its executive officer having any of the relationships referred to in the items of subparagraph 1 with such individual; |
| (d) | A corporation that, alone or together with persons in any of the relationships referred to in items (a) through (c), has invested or contributed at least 30/100 of the capital or exercises de facto control over significant managerial matters or an executive officer of such corporation. |
| (2) | Cases in which the principal “exercises de facto control over significant managerial matters” in paragraph (1) mean any of the following: |
| 1. | Cases of paragraph (1) 1 (b): Where the principal, alone or together with persons falling under paragraph (1) 1 (a), is able to appoint a representative or an executive officer of the relevant corporation; |
| 2. | Cases of paragraph (1) 1 (c): Where the principal, alone or together with persons in any of the relationships referred to in paragraph (1) 1 (a) or (b), is able to appoint a representative or an executive officer of the relevant corporation; |
| 3. | Cases of paragraph (1) 2 (c): Where the principal, alone or together with persons in any of the relationships referred to in the items of paragraph (1) 1, is able to appoint the representative or an executive officer of the relevant corporation; |
| 4. | Cases of paragraph (1) 2 (d): Where the principal, alone or together with persons in any of the relationships referred to in paragraph (1) 2 (a) through (c), is able to appoint a representative or an executive officer of the relevant corporation; |
| 5. | Cases of a corporation that has transactions in funds, assets, goods, services, etc. or has debt guarantees or loan deals with the principal in excess of an ordinary scale. |
| 1. | A person, other than a shareholder or equity holder, who intends to exercise voting rights equivalent to 30/100 or more by agreement with shareholders or equity holders; |
| 2. | A shareholder or equity holder who intends to jointly exercise voting rights equivalent to 30/100 or more by agreement with other shareholders or equity holders (excluding a person who has obtained approval of the largest investor under Article 6 (1) 1); |
| 3. | A person who intends to exercise de facto control in the decision-making process with regard to the appointment or dismissal of the chief executive officer or an executive officer or the transfer and take-over of business of the relevant corporation. |
| Article 6 (Approval of Largest Investor) |
| (1) | Any person who intends to obtain approval pursuant to Article 8 (2) of the Act shall file an application for approval with the Korea Communications Commission by the relevant deadline in accordance with the following classifications: <Amended by Presidential Decree No. 24697, Aug. 27, 2013> |
| 1. | A person who intends to become the largest investor (referring to a person who holds the largest voting shares or equity when the shares or equity held by the person who has invested in the relevant business entity are added to the shares or equity held by related persons; hereinafter the same shall apply): |
| (b) | Where the person intends to acquire shares in the securities market under the Financial Investment Services and Capital Markets Act (including the acquisition of shares using an alternative trading system), not later than 60 days before such shares are acquired; |
| 2. | A person who intends to acquire de facto control over management: |
| (a) | In cases falling under Article 5 (3) 1 or 2, within 30 days from the date an agreement is reached to exercise voting rights; |
| (b) | In cases falling under Article 5 (3) 3, within 30 days from the date any act is conducted by such person to give rise to the exercise of de facto control in the decision-making process. |
| (2) | Upon receipt of an application for approval under paragraph (1), the Korea Communications Commission shall examine the detailed requirements for permission prescribed in Article 3 (3) and decide whether to grant approval. |
| (3) | When the Korea Communications Commission decides whether to grant approval pursuant to paragraph (2), it shall publicly announce such fact on its website, etc. |
| (4) | Except as provided in paragraphs (1) through (3), details necessary for the procedures, methods, etc. for approval shall be determined and publicly notified by the Korea Communications Commission. |
| Article 7 (Renewed Permission) |
| (1) | The Korea Communications Commission shall give prior notice to a broadcast advertising sales agency (hereinafter referred to as “advertising sales agency”) six months before the expiration of the period of validity of permission with regard to the procedures for obtaining renewed permission under Article 10 (1) of the Act and the fact that no person who fails to file an application for renewed permission within the period prescribed in paragraph (2) shall obtain renewed permission. In such cases, the notice may be given by means of mobile text messaging, e-mail, facsimile, telephone, a document, etc. |
| (2) | Any advertising sales agency that intends to obtain renewed permission pursuant to Article 10 (1) of the Act shall file an application for renewed permission with the Korea Communications Commission, along with the documents prescribed in Article 3 (1), three months before the expiration of the period of validity of permission. |
| (3) | Upon receipt of an application for renewed permission under paragraph (2), the Korea Communications Commission shall examine the detailed requirements for permission prescribed in Article 3 (3) and the matters prescribed in the subparagraphs of Article 10 (2) of the Act and decide whether to grant renewed permission. |
| (4) | Where the Korea Communications Commission decides whether to grant renewed permission pursuant to paragraph (3), it shall publicly announce the result on its website, etc. and issue a renewed permit to the applicant who has obtained renewed permission. |
| (5) | Except as provided in paragraphs (1) through (4), details necessary for the procedures, methods, etc. for renewed permission shall be determined and publicly notified by the Korea Communications Commission. |
| Article 8 (Revocation of Permission) |
| (1) | The standards for revocation of permission and business suspension prescribed in Article 11 (1) of the Act shall be as specified in attached Table 1. |
| (2) | Where the Korea Communications Commission revokes permission or orders business suspension pursuant to Article 11 (1) of the Act, it shall publicly announce such fact on its website, etc. and notify in writing the reasons, details, etc. of the disposition to the relevant advertising sales agency. |
| Article 9 (Scope of Restrictions on Ownership) |
| Article 10 (Types of and Standards for Prohibited Acts) |
| Article 11 (Broadcast Advertising Fees) |
| (1) | A broadcasting business entity shall pay a fee to an advertising sales agency for a broadcast advertisement entrusted by the advertising sales agency (hereinafter referred to as “entrustment fee”) pursuant to Article 16 (1) of the Act within the relevant scope in accordance with the following classifications: <Amended by Presidential Decree No. 25277, Mar. 24, 2014> |
| 1. | A terrestrial broadcasting business entity and a terrestrial broadcasting program provider: Not less than 13/100 but not more than 16/100 of the sales amount of the broadcast advertisements sold by the advertising sales agency: Provided, That in the case of a terrestrial mobile multimedia broadcasting business entity defined in subparagraph 3 of Article 1-2 of the Enforcement Decree of the Broadcasting Act and a terrestrial mobile multimedia program provider defined in subparagraph 10 of the same Article, the scope shall be not less than 13/100 but not more than 18/100 of the sales amount of the broadcast advertisements; |
| 2. | A general program provider: Not less than 15/100 but not more than 19/100 of the sales amount of the broadcast advertisements sold by the advertisement sales agency. |
| (2) | An advertising sales agency shall pay an advertising agency fee to a broadcast advertising agency that has requested the relevant advertisement (hereinafter referred to as “advertising agency”) within the scope of not less than 70/100 but not more than 86/100 of the entrustment fee pursuant to Article 16 (2) of the Act: Provided, That where the advertising sales agency sells a broadcast advertisement on behalf of a terrestrial radio broadcasting business entity defined in subparagraph 2 of Article 1-2 of the Enforcement Decree of the Broadcasting Act, a terrestrial mobile multimedia broadcasting business entity defined in subparagraph 3 of the same Article, a radio program provider defined in subparagraph 7 of the same Article, and a terrestrial mobile multimedia program provider defined in subparagraph 10 of the same Article, the scope of an advertising agency fee to be paid to an advertising agency shall be not less than 85/100 but not more than 95/100. |
| (3) | Except as provided in paragraphs (1) and (2), details necessary for the standards for and scope of fees shall be determined and publicly notified by the Korea Communications Commission. |
CHAPTER III BALANCED DEVELOPMENT OF BROADCAST ADVERTISING
| Article 12 (Designation of Advertising Sales Agency) |
| (1) | In designating an advertising sales agency for a small or medium terrestrial broadcasting business entity pursuant to Article 19 (1) of the Act, the Korea Communications Commission shall take into comprehensive consideration the following matters: |
| 1. | Broadcasting characteristics and the sales volume of the broadcast advertisements of the relevant small or medium terrestrial broadcasting business entity; |
| 2. | Sales volume of the broadcast advertisements sold by an advertising sales agency on behalf of broadcasting business entities; |
| 3. | Sales volume of the broadcast advertisements sold by an advertising sales agency on behalf of small or medium terrestrial broadcasting business entities. |
| (2) | Where the Korea Communications Commission designates an advertising sales agency pursuant to paragraph (1), a small or medium terrestrial broadcasting business entity may request the advertising sales agency to sell broadcast advertisements on its behalf. |
| (3) | Upon receipt of the request for broadcast advertising sales agency services pursuant to paragraph (2), the advertising sales agency shall conclude a broadcast advertising sales agency contract with the relevant small or medium terrestrial broadcasting business entity within 30 days: Provided, That the period may be extended only once where the Korea Communications Commission deems that there is any special reason to do so. |
| (4) | Except as provided in paragraphs (1) through (3), details necessary for the designation, etc. of an advertising sales agency shall be determined and publicly notified by the Korea Communications Commission. |
| Article 13 (Composition and Operation of Committee on Balanced Development of Broadcast Advertising) |
| (1) | The Chairperson of the Committee on the Balanced Development of Broadcast Advertising under Article 23 of the Act (hereinafter referred to as the “Committee”) shall represent the Committee and exercise general supervision over the affairs of the Committee. |
| (2) | The Chairperson of the Committee shall convene and preside over meetings of the Committee. |
| (3) | A majority of the members of the Committee shall constitute a quorum, and any decision thereof shall require the concurring vote of a majority of those present. |
| (4) | When the Chairperson of the Committee is unable to perform the duties due to any unavoidable reason, a member of the Committee designated by the Chairman of the Korea Communications Commission shall act on behalf of the Chairperson. |
| (5) | Where a vacancy occurs in the membership of the Committee, a new member shall be commissioned to fill the vacancy, and the term of office of a new member shall be the remaining term of office of the predecessor. In such cases, where a vacancy occurs for a member commissioned by recommendation as prescribed in Article 23 (2) 1 or 2 of the Act, the new replacing member shall also be commissioned by recommendation. |
| (6) | The Committee may have subcommittees where necessary to review specialized matters in relation to performing its duties. |
| (7) | Except as provided in paragraphs (1) through (6), matters necessary for the composition and operation of the Committee, its deliberation procedures, etc. shall be determined and publicly notified by the Korea Communications Commission. |
CHAPTER IV KOREA BROADCAST ADVERTISING CORPORATION
| Article 14 (Incorporation Registration of the Korea Broadcast Advertising Corporation) |
| (1) | Incorporation registration of the Korea Broadcast Advertising Corporation (hereinafter referred to as the “Corporation”) under Article 26 (4) of the Act shall include the following matters: |
| 2. | The name of the Corporation; |
| 3. | The location of the main office; |
| 4. | The locations of branch offices or business offices; |
| 7. | The name, resident registration number, and address of the President of the Corporation; |
| 8. | The names and resident registration numbers of the executive officers, other than the President of the Corporation; |
| 9. | Methods of public announcement. |
| (2) | With an application for incorporation registration under paragraph (1), the following documents shall be attached: |
| 1. | The articles of incorporation; |
| 3. | Documents evidencing the qualifications of the executive officers. |
| (3) | The Corporation shall register the matters referred to in paragraph (1) 1 through 3, 7, and 9 at the locations of the branch offices within three weeks after the completion of incorporation registration. |
| (4) | Upon completion of incorporation registration pursuant to paragraph (1), the Corporation shall publicly announce such fact as prescribed in the articles of incorporation without delay. |
| Article 15 (Registration of Establishment of Branch Office) |
| (1) | Where the Corporation establishes a branch office or business office (hereinafter referred to as “branch office, etc.”), the relevant matters shall be registered in accordance with the following classifications. In such cases, documents evidencing the establishment of the branch office, etc. shall be attached to an application for registration: |
| 1. | At the location of the main office, the location and establishment date of the relevant branch office, etc. shall be registered within two weeks from the establishment date of the branch office, etc.; |
| 2. | At the location of the relevant branch office, etc., the matters referred to in Article 14 (1) 1 through 3, 7, and 9 shall be registered within three weeks from the establishment date of the branch office, etc. |
| (2) | Where a new branch office, etc. is established in a location under the authority of the registry where the main office or branch office, etc. is located, only the name and location of the relevant branch office, etc. shall be registered within three weeks, notwithstanding paragraph (1). |
| Article 16 (Registration of Relocation) |
| (1) | Where the Corporation relocates its main office, it shall register the relevant matters in accordance with the following classifications within three weeks: |
| 1. | Matters to be registered at the location of the previous main office: The location of the new main office and the date of relocation; |
| 2. | Matters to be registered at the location of the new main office: The matters referred to in the subparagraphs of Article 14 (1). |
| (2) | Where the Corporation relocates its branch office, etc., it shall register the relevant matters in accordance with the following classifications within three weeks: |
| 1. | Matters to be registered at the locations of the main office and the previous branch office, etc.: The location of the new branch office, etc. and the date of relocation; |
| 2. | Matters to be registered at the location of the new branch office, etc.: The matters referred to in Article 14 (1) 1 through 3, 7, and 9. |
| (3) | The documents evidencing the relocation of the main office or branch office, etc. shall be attached to an application for the registration of relocation under paragraphs (1) and (2). |
| Article 17 (Registration of Changes) |
Where there are changes in any of the matters referred to in the subparagraphs of Article 14 (1), such changes shall be registered at the location of the main office within two weeks, by filing an application for registration of the changes along with documents evidencing the changes in the registered matters. In such cases, where any matter referred to in Article 14 (1) 1 through 3, 7, or 9 is changed, such change shall also be registered at the location of the branch office, etc. within three weeks.
| Article 18 (Counting Registration Period) |
Where any matter to be registered as prescribed in Articles 14 through 17 requires authorization, permission, approval, etc. from the heads of related agencies, the registration period shall be counted from the date on which the certificate of the relevant authorization, permission, approval, etc. is administered.
| Article 19 (Application Mutatis Mutandis of the Non-Contentious Case Procedure Act) |
Except as otherwise provided in this Decree, the Non-Contentious Case Procedure Act shall apply mutatis mutandis to the registration of the Corporation. In such cases, “branch office” shall be construed as “branch office or business office”.
CHAPTER V SUPPLEMENTARY PROVISIONS
| Article 20 (Establishment and Business of Association of Broadcast Advertising Sales Agencies) |
| (1) | Where the Korea Communications Commission authorizes the establishment of the Association of Broadcast Advertising Sales Agencies under Article 35 (1) of the Act (hereinafter referred to as the “Association”), it shall publicly announce such fact in the Official Gazette and on its website. |
| (2) | The scope of business of the Association shall be as follows: |
| 1. | Publicity activities related to broadcast advertising; |
| 2. | Exchanges with domestic and international broadcast advertising related institutions; |
| 3. | Other business activities prescribed in the articles of the Association. |
Where deemed necessary to supervise the Association pursuant to Article 35 (3) of the Act, the Korea Communications Commission may request the Association to submit the following materials: | 1. | A business plan or business performance report for the pertinent year; |
| 2. | A budget or statement of accounts for the pertinent year; |
| 3. | Other materials deemed necessary by the Korea Communications Commission to efficiently supervise the Association. |
| Article 22 (Standards for Imposition of Penalty Surcharge) |
| (2) | In imposing a penalty surcharge pursuant to Article 38 of the Act, the Korea Communications Commission shall investigate and ascertain the relevant violation and notify the person subject to the penalty surcharge of the payment thereof, specifying the type of the violation, the amount of the penalty surcharge, and other related matters in writing. |
| (3) | The person given the notification under paragraph (2) shall pay the penalty surcharge to the receiving agency designated by the Korea Communications Commission within 20 days from the date the notification is administered: Provided, That where such person is unable to pay such penalty surcharge within the period due to a natural disaster or any other unavoidable cause, the penalty surcharge shall be paid within seven days from the date the cause ceases to exist. |
| (4) | Upon receipt of the penalty surcharge under paragraph (3), the receiving agency shall issue a receipt to the person who paid the penalty surcharge, and notify the Korea Communications Commission of the fact without delay. |
| (5) | No penalty surcharge shall be paid in installments. |
| (6) | Collection notices under Article 38 (5) of the Act shall be in writing and provided within seven days after the payment deadline lapses, and the payment deadline for the penalty surcharge in arrears shall be within 10 days from the issuance date of the collection notice. |
| Article 22-2 (Processing of Personally Identifiable Information) |
[This Article Newly Inserted by Presidential Decree No. 25532, Aug. 6, 2014]
[Previous Article 22-2 moved to Article 22-3 <by Presidential Decree No. 25532, Aug. 6, 2014>]
| Article 22-3 (Re-Examination of Regulation) |
The Korea Communications Commission shall examine the appropriateness of the scope of entrustment fees every three years, counting from April 1, 2014 (referring to the period that ends on the day before April 1 of every third year), and shall take measures, such as making improvements.
[This Article Newly Inserted by Presidential Decree No. 25277, Mar. 24, 2014]
[Moved from Article 22-2 <by Presidential Decree No. 25532, Aug. 6, 2014>]
CHAPTER VI PENALTY PROVISIONS
| Article 23 (Standards for Imposition of Administrative Fines) |
The standards for the imposition of administrative fines under Article 44 (1) of the Act shall be as specified in attached Table 4.
ADDENDA
Article 1 (Enforcement Date)
This Decree shall enter into force on May 23, 2012.
Article 2 (Repeal of Other Statutes and Regulations)
The Enforcement Decree of the Korea Broadcast Advertising Corporation Act shall be repealed.
Article 3 Omitted.
Article 4 (Relationship to Other Statutes and Regulations)
A citation of the previous Enforcement Decree of the Korea Broadcast Advertising Corporation Act or any provision thereof by any other statute or regulation as at the time this Decree enters into force shall be deemed a citation of this Decree or corresponding provisions thereof, if such corresponding provisions exist herein.
ADDENDA <Presidential Decree No. 24697, Aug. 27, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 29, 2013. (Proviso Omitted.)
Articles 2 through 13 Omitted.
ADDENDUM <Presidential Decree No. 25277, Mar. 24, 2014>
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 25532, Aug. 6, 2014>
This Decree shall enter into force on August 7, 2014.