Wholly Amended by Presidential Decree No. 4814, Mar. 30, 1970
Amended by Presidential Decree No. 5858, Dec. 1, 1971
Presidential Decree No. 7734, Aug. 14, 1975
Presidential Decree No. 8646, Aug. 13, 1977
Presidential Decree No. 8710, Oct. 4, 1977
Presidential Decree No. 8790, Dec. 30, 1977
Presidential Decree No. 9623, Sep. 18, 1979
Presidential Decree No. 9792, Feb. 28, 1980
Presidential Decree No. 9929, Jun. 30, 1980
Presidential Decree No. 10288, Apr. 18, 1981
Presidential Decree No. 10647, Dec. 19, 1981
Presidential Decree No. 10908, Sep. 13, 1982
Presidential Decree No. 11211, Aug. 20, 1983
Presidential Decree No. 11527, Oct. 18, 1984
Presidential Decree No. 11802, Dec. 21, 1985
Presidential Decree No. 12029, Dec. 31, 1986
Presidential Decree No. 12252, Oct. 2, 1987
Presidential Decree No. 12455, May 21, 1988
Presidential Decree No. 12484, Jul. 4, 1988
Presidential Decree No. 12599, Dec. 31, 1988
Presidential Decree No. 13035, Jun. 29, 1990
Presidential Decree No. 13306, Feb. 18, 1991
Presidential Decree No. 13481, Sep. 27, 1991
Presidential Decree No. 13728, Sep. 17, 1992
Presidential Decree No. 13928, Jul. 13, 1993
Presidential Decree No. 14438, Dec. 23, 1994
Presidential Decree No. 14798, Nov. 6, 1995
Presidential Decree No. 15203, Dec. 31, 1996
Presidential Decree No. 15541, Dec. 16, 1997
Presidential Decree No. 15927, Nov. 13, 1998
Presidential Decree No. 16600, Nov. 25, 1999
Presidential Decree No. 17311, Jul. 24, 2001
Presidential Decree No. 17729, Sep. 11, 2002
Presidential Decree No. 17858, Dec. 31, 2002
Presidential Decree No. 18209, Jan. 9, 2004
Presidential Decree No. 18613, Dec. 30, 2004
Presidential Decree No. 18778, Apr. 9, 2005
Presidential Decree No. 19088, Oct. 20, 2005
Presidential Decree No. 19703, Oct. 18, 2006
Presidential Decree No. 19855, Feb. 1, 2007
Presidential Decree No. 20224, Aug. 17, 2007
Presidential Decree No. 20617, Feb. 22, 2008
Presidential Decree No. 20720, Feb. 29, 2008
Presidential Decree No. 21051, Sep. 30, 2008
Presidential Decree No. 21592, Jul. 1, 2009
Presidential Decree No. 21903, Dec. 24, 2009
Presidential Decree No. 22106, Apr. 7, 2010
Presidential Decree No. 22473, Nov. 10, 2010
Presidential Decree No. 22713, Mar. 22, 2011
Presidential Decree No. 23042, Jul. 25, 2011
Presidential Decree No. 23829, Jun. 5, 2012
Presidential Decree No. 23880, Jun. 26, 2012
Presidential Decree No. 24250, Dec. 27, 2012
Presidential Decree No. 24522, May 6, 2013
Presidential Decree No. 25330, Apr. 29, 2014
Presidential Decree No. 26313, Jun. 15, 2015
Presidential Decree No. 26765, Dec. 30, 2015
Presidential Decree No. 27219, Jun. 14, 2016
Presidential Decree No. 27666, Dec. 13, 2016
Presidential Decree No. 28109, Jun. 20, 2017
Presidential Decree No. 28412, Nov. 7, 2017
Presidential Decree No. 29014, Jul. 2, 2018
Presidential Decree No. 29274, Nov. 6, 2018
Presidential Decree No. 29883, Jun. 18, 2019
Presidential Decree No. 30316, Dec. 31, 2019
Presidential Decree No. 30938, Aug. 11, 2020
Presidential Decree No. 31217, Dec. 1, 2020
Presidential Decree No. 31687, May 11, 2021
Presidential Decree No. 32222, Dec. 14, 2021
Presidential Decree No. 32652, May 24, 2022
Presidential Decree No. 33079, Dec. 20, 2022
Presidential Decree No. 33911, Dec. 5, 2023
Article 1 (Purpose) |
Article 1-2 (Investment or Contribution) |
(1) | The amounts of payment for each subject of payment of the International Monetary Fund under Article 2 (5) of the Act on the Measures for the Admission to International Financial Institutions (hereinafter referred to as the "Act"), to which investments or contributions are made, shall be as specified in attached Table 1. <Amended on Dec. 1, 2020> |
(2) | The amounts of payment for each subject of payment of the International Bank for Reconstruction and Development under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 2. <Amended on Dec. 1, 2020> |
(3) | The amounts of payment for each subject of payment of the International Development Association under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 3. <Amended on Dec. 1, 2020> |
(4) | The amounts of payment for each subject of payment of the International Financial Corporation under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 4. <Amended on Dec. 1, 2020> |
(5) | The amounts of payment for each subject of payment of the Asia Development Bank under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 5. <Amended on Dec. 1, 2020> |
(6) | The amounts of payment for each subject of payment of the African Development Fund under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 6. <Amended on Dec. 1, 2020> |
(7) | The amounts of payment for each subject of payment of the African Development Bank under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 7. <Amended on Dec. 1, 2020> |
(8) | The amounts of payment for each subject of payment of the Common Fund for Commodities under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 8. <Amended on Dec. 1, 2020> |
(9) | The amounts of payment for each subject of payment of the Multilateral Investment Guarantee Agency under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 9. <Amended on Dec. 1, 2020> |
(10) | The amounts of payment for each subject of payment of the European Bank for Reconstruction and Development under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 10. <Amended on Dec. 1, 2020> |
(11) | The amounts of payment for each subject of payment of the Bank for International Settlements under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 11. <Amended on Dec. 1, 2020> |
(12) | The amounts of payment for each subject of payment of the Inter-American Development Bank under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 12. <Amended on Dec. 1, 2020> |
(13) | The amounts of payment for each subject of payment of the Inter-American Investment Corporations under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 13. <Amended on Dec. 1, 2020> |
(14) | The amounts of payment for each subject of payment of the Multilateral Investment Fund under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 14. <Amended on Dec. 1, 2020> |
(15) | The amounts of payment for each subject of payment of the Asian Infrastructure Investment Bank under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 15. <Amended on Dec. 1, 2020> |
(16) | The amounts of payment for each subject of payment of the ASEAN+3 Macroeconomic Research Organization under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 16. <Newly Inserted on May 11, 2021> |
(17) | The amounts of payment for each subject of payment of the Central American Bank for Economic Integration under Article 2 (5) of the Act, to which investments or contributions are made, shall be as specified in attached Table 17. <Amended on Dec. 1, 2020; May 11, 2021> |
Article 1-3 (Unit Value of Investment or Contribution) |
Article 2 (Payment of Investment through the Bank of Korea) |
(1) | The Minister of Economy and Finance may require the Bank of Korea to pay all or part of investments to each international financial institution pursuant to Article 2 (3) of the Act: <Amended on Dec. 23, 1994; Nov. 13, 1998; Feb. 29, 2008; Apr. 7, 2010; Jun. 26, 2012> |
(2) | The Minister of Economy and Finance shall, where he or she intends to require the Bank of Korea to pay the investment under paragraph (1), with the approval of the President after deliberation by the State Council, ask the Governor of the Bank of Korea for the payment amount, the payment method, the payment time and other necessary matters. <Amended on Aug. 13, 1977; Dec. 23, 1994; Nov. 13, 1998; Sep. 11, 2002; Feb. 29, 2008; Jun. 26, 2012> |
(3) | The Governor of the Bank of Korea shall, where he or she has received a request pursuant to paragraph (2) from the Minister of Economy and Finance, take necessary action such as the payment of the investment to the relevant international financial institution accordingly. <Amended on Aug. 13, 1977; Dec. 23, 1994; Nov. 13, 1998; Sep. 11, 2002; Feb. 29, 2008; Jun. 26, 2012> |
(4) | The Minister of Economy and Finance may, in accordance with Article 4 (2) of the Act by determining the limited amount to which the Bank of Korean makes it possible to purchase securities, perform the procedure in its entirety pursuant to the same Article and the same paragraph. <Amended on Dec. 23, 1994; Nov. 13, 1998; Feb. 29, 2008; Jun. 26, 2012> |
Article 3 (Re-issue of Securities) |
(1) | The Minister of Economy and Finance may, when necessary to make the Bank of Korea purchase securities pursuant to Article 4 (2) of the Act, by means of exchange of securities which the Bank of Korea is depositing for the relevant international financial institutions, issue those securities by dividing into two parts with the one part of securities equivalent to the payment claim amount and the other part of securities equivalent to the amount subtracting its payment claim amount. <Amended on Dec. 1, 1971; Dec. 23, 1994; Nov. 13, 1998; Feb. 29, 2008; Jun. 26, 2012> |
(2) | The Minister of Economy and Finance may, when necessary for purchasing securities pursuant to Article 4 (2) of the Act, by means of exchange of securities which the Bank of Korea is depositing for the relevant international financial institutions, issue those securities equivalent to the amount subtracting its payment claim amount. <Amended on Dec. 1, 1971; Dec. 23, 1994; Nov. 13, 1998; Feb. 29, 2008; Jun. 26, 2012> |
(3) | Paragraph (2) shall also apply where the Governor of the Bank of Korea pays for securities having invested pursuant to Article 4 (1) of the Act. <Newly Inserted on Dec. 1, 1971; Aug. 13, 1977; Jun. 26, 2012> |
Article 4 (Payment of Loans) |
Article 5 (Appropriation of Repayment) |
Article 6 (Reporting) |
(1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
(2) | (Transitional Measures concerning Investment or Contribution) The investment or contribution pursuant to the provisions of the previous Article 1-2 shall be regarded as an investment or contribution pursuant to the amended provisions of Article 1-2. |
(1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
(2) | (Transitional Measures concerning Investment) The investment pursuant to the provisions of the previous Article 1-2 (6) shall be regarded as an investment pursuant to the amended provisions of the same Article and the same paragraph. |