ENFORCEMENT DECREE OF THE FRAMEWORK ACT ON SUPPLY CHAIN STABILIZATION SUPPORT FOR ECONOMIC SECURITY
Presidential Decree No. 34589, Jun. 25, 2024
Amended by Presidential Decree No. 35811, Oct. 1, 2025
Presidential Decree No. 35947, Dec. 30, 2025
CHAPTER I GENERAL PROVISIONS
The purpose of this Decree is to prescribe the matters mandated by the Framework Act on Supply Chain Stabilization and those necessary for the enforcement thereof.
CHAPTER II FORMULATION OF MASTER PLANS FOR SUPPLY CHAIN STABILIZATION AND DESIGNATION OF ECONOMIC SECURITY ITEMS, ETC.
| Article 2 (Formulation and implementation of master plans for supply chain stabilization) |
| (1) | The Minister of Finance and Economy shall formulate a master plan for supply chain stabilization (hereinafter referred to as "master plan") under Article 7(1) of the Framework Act on Support for Supply Chain Stabilization for Economic Security (hereinafter referred to as the "Act") every 3 years by December 31 of the year preceding the year in which the master plan is implemented. <Amended on Dec. 30, 2025> |
| (2) | The Director of the National Intelligence Service and the head of a central administrative agency under Article 2 of the Government Organization Act (hereinafter referred to as "central administrative agency") shall prepare sectoral plans for areas under his or her jurisdiction to prepare a master plan and submit them to the Minister of Finance and Economy no later than August 31 of the year preceding the year in which the master plan is implemented. <Amended on Dec. 30, 2025> |
| (3) | "Important matters prescribed by Presidential Decree" in Article 7(3) of the Act means any of the following matters: |
| 1. | Basic direction of economic policies for economic security; |
| 2. | Fundamental matters regarding supply chain stabilization; |
| 3. | Mid- and long-term goals and directions for supply chain stabilization; |
| 4. | Major policy measures for areas affecting overall supply chains, such as logistics, distribution, and finance; |
| 5. | Basic policies on the designation and management of economic security items and economic security services (hereinafter referred to as "economic security items, etc.") under Article 13 of the Act; |
| 6. | Basic policy on the operation and management of the early warning systems under Article 15 of the Act; |
| 7. | Major policies for managing crisis items under Article 29 of the Act, emergency supply and demand adjustment measures under Article 30 of the Act, and responding to supply chain crisis under Article 32 of the Act. |
| Article 3 (Formulation and implementation of implementation plans for supply chain stabilization) |
| (1) | In order to efficiently formulate an implementation plan for supply chain stabilization under Article 8(1) of the Act (hereinafter referred to as "implementation plan"), the Minister of Finance and Economy shall prepare guidelines for formulating implementation plans, including matters regarding financial resources, such as budget, and shall send the guidelines to the heads of relevant central administrative agencies by January 31 each year. <Amended on Dec. 30, 2025> |
| (2) | The heads of relevant central administrative agencies shall ensure that implementation plans are linked to master plans and other supply chain-related plans, etc. formulated pursuant to other statutes or regulations. |
| (3) | The head of a relevant central administrative agency shall submit an implementation plan for the relevant year to the Supply Chain Stabilization Committee under Article 10(1) of the Act (hereinafter referred to as the "Committee") no later than March 31 of each year pursuant to the latter part of Article 8(1) of the Act. In such cases, the performance results of the implementation plan of the previous year shall be attached. |
| (4) | If it is necessary to adjust an implementation plan submitted pursuant to the latter part of Article 8(1) of the Act and paragraph (3) of this Article, the Committee shall notify the head of the competent central administrative agency of the details of the adjustment of the relevant implementation plan. |
| Article 4 (Composition of Committee) |
| (1) | "Persons prescribed by Presidential Decree, such as the heads of relevant central administrative agencies" in Article 10(3)1 of the Act means the following persons: <Amended on Oct. 1, 2025> |
| 1. | The Minister of Science and ICT; |
| 2. | The Minister of Foreign Affairs; |
| 3. | The Minister of National Defense; |
| 4. | The Minister of the Interior and Safety; |
| 5. | The Minister of Agriculture, Food and Rural Affairs; |
| 6. | The Minister of Trade, Industry and Resources; |
| 7. | The Minister of Health and Welfare; |
| 8. | The Minister of Climate, Energy and Environment; |
| 9. | The Minister of Land, Infrastructure and Transport; |
| 10. | The Minister of Oceans and Fisheries; |
| 11. | The Minister of SMEs and Startups; |
| 12. | The Minister of Office for Government Policy Coordination; |
| 13. | The Chairperson of the Financial Services Commission; |
| 14. | The Senior Secretary to the President for Economic Affairs; |
| 15. | The 3rd Deputy Director of the Office of National Security; |
| 16. | The Commissioner of the Korea Customs Service; |
| 17. | The Administrator of the Public Procurement Service. |
| (2) | "Persons prescribed by Presidential Decree, such as persons with extensive knowledge of and experience in supply chain stabilization" in Article 10(3)3 of the Act means the following persons: |
| 1. | The head of a corporation, organization, or research institute related to economic security and supply chains; |
| 2. | Other persons who have extensive knowledge of and experience in economic security and supply chains. |
| (3) | The term of office of commissioned members under Article 10(3)3 of the Act shall be 2 years, and they may be reappointed only once. |
| (4) | A commissioned member under Article 10(3)3 of the Act whose term of office expired may continue to perform his or her duties until a succeeding member is commissioned. |
| Article 5 (Dismissal of members) |
If a member referred to in Article 10(3)3 of the Act falls under any of the following cases, the chairperson of the Committee may dismiss the relevant member: | 1. | Where he or she becomes unable to perform his or her duties due to mental or physical weakness, etc.; |
| 2. | Where he or she is found to have committed irregularities in connection with his or her duties; |
| 3. | Where he or she is deemed unfit as a member due to delinquency of duties, injury to dignity, or any other reason; |
| 4. | Where he or she fails to recuse himself or herself from participating in deliberation and resolution despite falling under any subparagraph of Article 6(1); |
| 5. | Where he or she voluntarily declares that it is difficult for him or her to perform his or her duties. |
| Article 6 (Disqualification of, challenge to, and recusal of, members) |
| (1) | If a member of the Committee (hereinafter referred to as "member") falls under any of the following subparagraphs, he or she shall be excluded from deliberation and resolution by the Committee: |
| 1. | Where he or she or his or her current or former spouse is a party to the relevant agenda item, or the joint holder of any right or joint obligor of any duty with that party in regards to the relevant agenda item; |
| 2. | Where he or she is or was a relative of the party on the relevant agenda item; |
| 3. | Where he or she has provided testimony, statement, consultation, research, service, or expert opinion in regards to the relevant agenda item; |
| 4. | Where he or she or the corporation or organization to which he or she belongs is the current or former agent of a party to the relevant agenda item. |
| (2) | If a member has a ground for exclusion under any subparagraph of paragraph (1) or where it is impracticable to expect a fair deliberation and resolution from a member, a party to the agenda item may file a challenge against the member with the Committee, and the Committee shall determine whether to accept the challenge by resolution. In such cases, the member subject to the challenge shall not participate in the resolution. |
| (3) | If a member falls under any ground for exclusion referred to in the subparagraphs of paragraph (1) or where it is deemed difficult for him or her to expect fairness in deliberation, he or she shall recuse himself or herself from deliberation and resolution on the relevant agenda item. |
| Article 7 (Duties of chairperson) |
| (1) | The chairperson shall represent the Committee and have general supervision and control of its business affairs. |
| (2) | If the chairperson of the Committee is unable to perform his or her duties due to any unavoidable cause, a member designated in advance by the chairperson of the Committee shall act on behalf of the chairperson. |
| (1) | The chairperson of the Committee shall convene and preside over meetings of the Committee. |
| (2) | A majority of the members of the Committee shall constitute a quorum, and any resolution thereof shall require the concurring vote of a majority of those present. |
| Article 9 (Executive secretary) |
| (1) | The Committee shall have 1 executive secretary to handle the business affairs of the Committee. |
| (2) | The executive secretary shall be appointed by the chairperson from among public officials in general service of the Senior Executive Service of the Ministry of Finance and Economy. <Amended on Dec. 30, 2025> |
| Article 10 (Composition and operation of specialized committees) |
| (1) | A specialized sectoral committee under Article 10(5) of the Act (hereinafter referred to as "specialized committee") may be established by classifying them into international cooperation, stockpiling, logistics, and other areas. |
| (2) | A specialized committee shall be comprised of up to 10 members, including 1 chairperson. |
| (3) | The chairperson of a specialized committee shall be appointed or commissioned by the chairperson of the Committee from among the following persons: <Amended on Dec. 30, 2025> |
| 1. | Public officials of Grade III or higher, who are members of the Senior Executive Service of the Ministry of Finance and Economy and relevant central administrative agencies; |
| 3. | Persons with extensive knowledge of and experience in the area under the jurisdiction of the relevant specialized committee. |
| (4) | Members who are not the chairperson of a specialized committee shall be appointed or commissioned by the chairperson of the Committee from among the persons referred to in the subparagraphs of paragraph (3). |
| (5) | The term of office of a member of a specialized committee who is not a public official shall be 2 years, and he or she may be reappointed only once. |
| (6) | A member under paragraph (5) whose term of office expired may continue to perform his or her duties until a succeeding member is commissioned. |
| (7) | A meeting of a specialized committee shall be convened at the request of the chairperson of the Committee or when the chairperson of the specialized committee deems it necessary, and the members of the specialized committee shall be given a prior notice of the date, time, venue, and agenda items of the meeting. |
| Article 11 (Detailed operating rules) |
Except as provided in Articles 4 through 10, details necessary for the composition, operation, etc. of the Committee and specialized committees shall be determined by the chairperson of the Committee following a resolution by the Committee.
| Article 12 (Survey on current status of supply chain) |
| (1) | When the Minister of Finance and Economy or the head of a relevant central administrative agency requests data necessary for investigating the current status of supply chains in accordance with Article 11(2) of the Act, he or she shall make such request in writing, specifying the data to be submitted, institutions required to submit them, etc. <Amended on Dec. 30, 2025> |
| (2) | "Specialized institutions prescribed by Presidential Decree" in Article 11(3) of the Act means the following institutions: |
| Article 13 (Designation, change, and revocation of economic security items, etc.) |
| (1) | The head of a central administrative agency may request relevant experts, public institutions, research institutes, or relevant organizations, etc. to conduct surveys or research on economic security items, etc., if necessary to designate or change economic security items, etc. or to revoke the designation thereof pursuant to the former part of Article 13(1) and (4) of the Act. |
| (2) | If the head of a central administrative agency designates economic security items, etc. pursuant to the former part of Article 13(1) of the Act, he or she shall hear opinions of relevant business entities, etc. in advance by means of meetings, interviews, questionnaire surveys, etc. |
| (3) | If the head of a central administrative agency has designated economic security items, etc. pursuant to Article 13(1) of the Act, he or she may preferentially provide support by classifying economic security items, etc., which are highly likely to be designated as crisis items or to pose a supply chain risk pursuant to Article 29 of the Act, as important economic security items, etc., taking into consideration the matters referred to in the subparagraphs of paragraph (3) of that Article. |
| (4) | The head of a central administrative agency shall periodically review the necessity of maintaining the designation of economic security items, etc. |
| (5) | The head of a central administrative agency intending to disclose economic security items, etc. pursuant to the proviso of Article 13(6) of the Act shall undergo deliberation by the Committee before such disclosure. |
| Article 14 (International cooperation) |
"Projects prescribed by Presidential Decree" in subparagraph 6 of Article 14 of the Act means the following projects: | 1. | Projects to procure and stockpile items related to supply chains; |
| 2. | Other projects that the Committee deems it necessary for States to make a joint response for the purpose of managing supply chain risks. |
CHAPTER III MONITORING SUPPLY CHAIN RISKS
| Article 15 (Methods and procedures for operating early warning systems) |
| (1) | "Dependence on a specific country or specific region of which is at least the level prescribed by Presidential Decree" in Article 15(1)1 of the Act means that the dependence on a specific country is at least 50 percent or the dependence on 2 or more neighboring countries is at least 75 percent. |
| (2) | "Data prescribed by Presidential Decree, such as the purchase volume, price, production volume, and inventory of the relevant commodities, raw materials, etc." in the former part of Article 15(4) of the Act means the following data on the commodities, raw materials, etc. falling under any subparagraph of paragraph (1) of that Article: |
| 1. | The purchase volume, the purchase unit price, and a future purchase plan; |
| 2. | The production quantity and a future production plan; |
| 3. | The quantity of inventory. |
| (3) | The head of an institution that operates and manages an early warning system pursuant to Article 15(1) of the Act (hereafter in this Article referred to as "operating and managing institution") shall submit semi-annual operation results pursuant to paragraph (5) of that Article to the Committee within 30 days after the end of each semi-annual period; provided, if the Committee requests the operation results to urgently respond to a supply chain risk, the operating and managing institution shall submit them to the Committee without delay. |
| (4) | The Committee shall share the operation results submitted pursuant to paragraph (3) with the head of each operating and managing institution without delay. |
| (5) | The Minister of Finance and Economy may conduct an on-site inspection jointly with the relevant central administrative agencies on items, etc. for which a supply chain risks occurs or is likely to occur in accordance with Article 15(7) of the Act. <Amended on Dec. 30, 2025> |
| (6) | The Minister of Finance and Economy may establish and operate an integrated early warning system that electronically links the early warning systems respectively operated and managed by the heads of relevant central administrative agencies and the Director of the National Intelligence Service to efficiently operate the early warning systems. <Amended on Dec. 30, 2025> |
| (7) | If necessary for the effective operation of the early warning systems, the head of the operating and managing institution may request the head of another operating and managing institution to share data submitted pursuant to Article 15(4) of the Act. |
| Article 16 (Cooperation between countries in relation to operation results of early warning systems) |
| (1) | Information that the Minister of Finance and Economy or the head of a relevant central administrative agency may provide to other countries or consultative bodies between countries in accordance with Article 16(1) of the Act shall be as follows: <Amended on Dec. 30, 2025> |
| 1. | Information on items subject to the operation and management of the early warning systems; |
| 2. | Domestic and overseas trends in the supply of and demand for items subject to the operation and management of the early warning systems; |
| 3. | Trends in foreign governments and foreign enterprises related to items subject to the operation and management of the early warning systems; |
| 4. | Trends in international cooperation in relation to the early warning systems. |
| (2) | If the Minister of Finance and Economy deems that cooperation between countries is necessary to stabilize supply chains in accordance with Article 16(1) of the Act, he or she may request the heads of relevant central administrative agencies to provide other countries or consultative bodies between countries with information referred to in the subparagraphs of paragraph (1) related to the operation of the early warning systems under their jurisdiction. <Amended on Dec. 30, 2025> |
| (3) | If the Minister of Finance and Economy or the head of the relevant central administrative agency provides the operation results, etc. of the early warning systems to other countries or consultative bodies between other countries in accordance with Article 16(1) of the Act, he or she shall report the details thereof and the grounds therefor to the Committee. <Amended on Dec. 30, 2025> |
| Article 17 (Subject matters of taxation information and methods for providing taxation information) |
| (1) | Taxation information that the Minister of Finance and Economy, the Director of the National Intelligence Service, and the head of a relevant central administrative agency may request to the Commissioner of the Korea Customs Service in accordance with the former part of Article 17(1) of the Act shall be as follows: <Amended on Dec. 30, 2025> |
| 1. | Export and import quantities of economic security items by item, by importer or exporter, and by country; |
| 2. | Export and import prices (including details of fluctuations in export and import) and taxation details of economic security items. |
| (2) | If the Commissioner of the Korea Customs Service deems it necessary to protect trade secrets, etc. when providing taxation information pursuant to Article 17(1) of the Act, he or she may de-identify importers and exporters. |
| Article 18 (Institutions subject to duty to protect information) |
"Institutions prescribed by Presidential Decree" in the main clause of Article 18(1) of the Act means the following institutions: | 1. | A specialized institution that conducts surveys on the current status of supply chains pursuant to Article 11(3) of the Act; |
| 2. | A specialized institution entrusted with part of business affairs by the head of a central administrative agency pursuant to Article 44(2) of the Act and Article 35(1) of this Decree. |
CHAPTER IV SUPPORT FOR STABILIZATION OF ECONOMIC SECURITY ITEMS, ETC.
| Article 19 (Selection of leading business entities in supply chain stabilization) |
| (1) | A plan for the stable securing and provision of the relevant economic security items, etc. under Article 19(1) of the Act (hereinafter referred to as "stabilization plan") shall include at least one of the following matters: |
| 1. | A plan to diversity countries of origin for the stable securing and supply of economic security items, etc.; |
| 2. | A plan to expand facilities related to the production of economic security items or the provision of economic security services; |
| 3. | A plan to stockpile economic security items; |
| 4. | A research plan for the development of technology related to economic security items, etc. |
| (2) | Upon receipt of a stabilization plan submitted by a business entity or trade association pursuant to Article 19(1) of the Act, the head of the competent central administrative agency may request the relevant business entity or trade association to submit relevant data or may conduct an on-site investigation to verify the matters referred to in the subparagraphs of paragraph (1). |
| (3) | The head of the competent central administrative agency shall take into account the following criteria in selecting a leading business entity in supply chain stabilization under the former part of Article 19(2) of the Act (hereinafter referred to as "stabilization leading business entity"): |
| 1. | Relationship to economic security items, etc.; |
| a. | The proportion of the items of the relevant business entity or trade organization out of the total domestic production, import, and stockpiling quantities of economic security items; |
| b. | The proportion of economic security services provided by the relevant business entity or trade association out of the total amount of domestic economic security services provided in the Republic of Korea; |
| 2. | The appropriateness of a stabilization plan: The appropriateness of a plan to diversify countries of origin, a plan to expand production facilities, a plan for stockpiling, or a research plan; |
| 3. | Financial conditions: Financial stability, capability to create cash flows, financing conditions of enterprises, etc. |
| (4) | The effective period of the selection of a stabilization leading business entity shall be determined by the head of the competent central administrative agency within the scope of 5 years from the date of selection, in consideration of the impact of the relevant economic security items, etc. on economic security and the supply chain stabilization, and other factors. |
| (5) | Where a stabilization leading business entity applies for an extension of the effective period before the effective period under paragraph (4) expires, the head of the competent central administrative agency may extend the effective period in consideration of the standards under paragraph (3). |
| (6) | The head of a competent central administrative agency may request a stabilization leading business entity to submit relevant data, if necessary for follow-up management, such as whether the stabilization plan is complied with by the stabilization leading business entity. |
| (7) | Except as provided in paragraphs (1) through (6), matters necessary for the selection, follow-up management, etc. of stabilization leading business entities shall be determined and publicly notified by the head of a competent central administrative agency. |
| Article 20 (Revocation of selection of stabilization leading business entities) |
| (1) | The head of a competent central administrative agency intending to revoke the selection of a stabilization leading business entity pursuant to the former part of Article 20(1) of the Act shall notify the relevant stabilization leading business entity of the reasons and grounds for revocation, etc. in writing. |
| (2) | The head of a competent central administrative agency shall notify the Minister of Finance and Economy of the revocation of the selection of a stabilization leading business entity within 7 days from the date of revocation. <Amended on Dec. 30, 2025> |
| (3) | A business entity or a trade association whose selection has been revoked pursuant to the former part of Article 20(1) of the Act shall not be re-selected as a stabilization leading business entity until 3 years after the date of revocation pursuant to the latter part of that paragraph; provided, if the head of the competent central administrative agency deems it particularly necessary for the smooth introduction, production, provision, etc. of economic security items, etc., he or she may re-select it as a stabilization leading business entity even if 3 years have not passed since the date of revocation. |
| Article 21 (Policy measures to support supply chain stabilization) |
| (1) | If the head of a relevant central administrative agency formulates a support policy measure under Article 22 through 26 of the Act, he or she shall report the relevant fact to the Committee. |
| (2) | "Projects prescribed by Presidential Decree" in subparagraph 6 of Article 22 of the Act means support projects such as the provision of information and consulting services, etc. to importers of economic security items. |
| (3) | "Projects to expand domestic and overseas production infrastructure prescribed by Presidential Decree" in subparagraph 6 of Article 23 of the Act means projects to expand domestic production infrastructure implemented as public-private partnership projects under the Act on Public-Private Partnerships in Infrastructure. |
| (4) | "Projects prescribed by Presidential Decree" in Article 24(1)4 of the Act means projects for the introduction of foreign technology related to economic security items, etc. and international joint technology development projects. |
| (5) | "Projects prescribed by Presidential Decree" in Article 25(1)4 of the Act means international cooperation projects to expand the stockpiling of economic security items. |
| (6) | "Projects prescribed by Presidential Decree" in subparagraph 4 of Article 26 of the Act means the following projects: |
| 1. | Expansion of domestic business entities' use of economic security services in the area of logistics; |
| 2. | Support for the stable business operation of economic security service providers to prevent inappropriate outflow of economic security services abroad; |
| 3. | Expansion, education, and training of human resources related to economic security services. |
CHAPTER V SUPPLY CHAIN CRISIS AND RESPONSE THERETO
| Article 22 (Preparation and operation of crisis response manual) |
A draft standard manual necessary for responding to crisis under Article 28(1) of the Act shall include the following matters: | 1. | Steps and criteria to determine a supply chain crisis; |
| 2. | Measures necessary to resolve a crisis, such as measures to stabilize supply and demand by stage of a supply chain crisis; |
| 3. | Detailed plans for organizing a crisis countermeasure headquarters under Article 32(1) of the Act (hereinafter referred to as "countermeasure headquarters"). |
| Article 23 (Request for submission of relevant data) |
If the Minister of Finance and Economy or the head of a relevant central administrative agency requests submission of data, statement of opinion, consultation, etc. from the head of a local government, business entity, trade association, stabilization leading business entity, etc. in accordance with Article 31(1) of the Act, the request shall be made in writing, specifying the content and deadline. <Amended on Dec. 30, 2025>
| Article 24 (Crisis countermeasure headquarters) |
| (1) | The countermeasure headquarters shall be comprised of public officials belonging to the relevant central administrative agencies, public officials dispatched from the relevant central administrative agencies pursuant to Article 32(4) of the Act, civilian experts, etc. |
| (2) | The head of the countermeasure headquarters under Article 32(2) of the Act and the head of the countermeasure headquarters under paragraph (3) of that Article may organize and operate a working-level countermeasure team if necessary to efficiently perform the business affairs of the relevant countermeasure headquarters. |
| (3) | Upon completing measures for resolving a crisis, such as emergency supply and demand adjustment measures under Article 30(1) of the Act (hereinafter referred to as "emergency supply and demand adjustment measures"), the head of the countermeasures headquarters under Article 32(2) of the Act and the head of the countermeasures headquarters under paragraph (3) of that Article shall report the results thereof to the Committee. |
| Article 25 (Emergency procurement) |
| (1) | In either of the following cases, the head of the relevant central administrative agency may conclude a negotiated contract pursuant to Article 35(2) of the Act: |
| 1. | Where there is no reason to call for a competition in concluding a procurement contract for a commodity subject to emergency supply and demand control designated pursuant to Article 35(1) of the Act (hereafter in this Article referred to as "commodity subject to emergency supply and demand control"); |
| 2. | Where it is deemed impracticable to effectively procure a commodity subject to emergency supply and demand control by calling for a competition when concluding a procurement contract for a commodity subject to emergency supply and demand control materials. |
| (2) | The head of a relevant central administrative agency intending to enter into a negotiated contract in accordance with Article 35(2) of the Act shall have consultations with the Minister of Finance and Economy before entering into such contract. <Amended on Dec. 30, 2025> |
| Article 26 (Support for importers of crisis items) |
| (1) | "Matters prescribed by Presidential Decree" in Article 36(1)3 of the Act means the following: <Amended on Dec. 30, 2025> |
| 1. | Subsidization of whole or part of increased incidental expenses incurred in relation to the alternative supply of and demand for crisis items; |
| 2. | Other matters that the Minister of Finance and Economy or the head of the relevant central administrative agency deems necessary to provide support for the stabilization of supply of, demand for, and prices of crisis items, which have undergone deliberation and coordination by the Committee. |
| (2) | The head of a relevant central administrative agency shall consider the following matters when providing support to importers or producers of crisis items or service providers pursuant to Article 36(1) of the Act: |
| 1. | Expenses incurred in the process of importing, distributing, or selling crisis items; |
| 2. | Expenses incurred in establishing and operating domestic and overseas production facilities related to crisis items; |
| 3. | The extent to which importers or producers of crisis items or service providers have contributed to overcoming a supply chain crisis. |
| Article 27 (Subsidization of losses) |
| (1) | The head of a relevant central administrative agency shall consider the following matters when providing subsidies to cover losses incurred on emergency supply and demand adjustment measures (hereafter in this Article referred to as "subsidization of losses") pursuant to Article 37(1) of the Act: |
| 1. | The following expenses incurred on emergency demand and supply adjustment measures: |
| a. | Expenses arising from the change, etc. of a production plan for crisis items; |
| b. | Expenses arising from the supply, or the adjustment, etc. of exportation and importation, of crisis items; |
| c. | Expenses arising from measures related to storage and distribution of crisis items; |
| 2. | The degree to which a person who wishes to receive a subsidy to cover loss has faithfully implemented emergency supply and demand adjustment measures. |
| (2) | If a person who has suffered a loss pursuant to Article 37(3) of the Act causes or expands the relevant loss by falling under any of the following subparagraphs, the head of the relevant central administrative agency may not pay subsidies to him or her or may reduce them: |
| 1. | Where he or she violates emergency supply and demand adjustment measures; |
| 2. | Where he or she fails to fulfill his or her obligation to submit data under Article 11(2), 15(4), or 31(1) of the Act; |
| 3. | Where he or she has substantially neglected his or her efforts in stabilization under the stabilization plan as a stabilization leading business entity; |
| 4. | Where he or she violates any obligation related to supply chains under the Act or other relevant statutes or regulations. |
CHAPTER VI SUPPLY CHAIN STABILIZATION FUND
| Article 28 (Issuance of bonds for supply chain stabilization fund) |
| Article 29 (Management, operation, and accounting of supply chain stabilization fund) |
| (1) | The Export-Import Bank of Korea established under the Export-Import Bank of Korea Act (hereinafter referred to as the "Export-Import Bank of Korea") may conduct foreign exchange affairs to the extent necessary for the stable management and operation of the supply chain stabilization fund under Article 38(1) of the Act (hereinafter referred to as the "Fund"). |
| (2) | The expenses incurred by the Export-Import Bank of Korea in conducting its business affairs regarding the management, operation, etc. of the Fund shall be borne by the Fund. |
| (3) | The fiscal year of the Fund shall coincide with that of the Government. |
| (5) | The President of the Export-Import Bank of Korea intending to formulate or change a plan for the management and operation of the Fund shall have consultations with the Minister of Finance and Economy before such formulation or change. <Amended on Dec. 30, 2025> |
| (6) | The Export-Import Bank of Korea shall report the operational performance and current status of the Fund to the Minister of Finance and Economy on a quarterly basis. <Amended on Dec. 30, 2025> |
| Article 30 (Persons eligible for subsidization from fund and purposes of use of fund) |
"Projects prescribed by Presidential Decree" in Article 41(1)4 of the Act means projects the Committee deems necessary to provide support for the supply chain stabilization.
| Article 31 (Procedures for financial assistance) |
If the Export-Import Bank of Korea provides financial assistance without deliberation by the deliberative committee on the operation of the supply chain stabilization fund established under Article 43 of the Act pursuant to the proviso of Article 42(1) of the Act, it shall notify the applicant for the financial assistance that the financial assistance may be revoked if it fails to obtain ratification from the deliberative committee on the operation of the supply chain stabilization fund.
| Article 32 (Composition of deliberative committee on operation of supply chain stabilization fund) |
| (1) | The deliberative committee on the operation of the supply chain stabilization fund established under Article 43 of the Act (hereinafter referred to as the "Fund Operation Deliberative Committee") shall be comprised of 7 members, including 1 chairperson. |
| (2) | The following persons from among those who have extensive experience in or outstanding knowledge of finance, economy, or industry shall be commissioned as members of the Fund Operation Deliberative Committee by the Minister of Finance and Economy; provided, no person who falls under any subparagraph of Article 7 of the Special Act on the Management of Public Funds shall be commissioned as a member of the Fund Operation Deliberative Committee: <Amended on Oct. 1, 2025; Dec. 30, 2025> |
| 1. | Two persons recommended by the competent Standing Committee of the National Assembly; |
| 2. | 1 person recommended by the Minister of Finance and Economy; |
| 3. | One person recommended by the Minister of Foreign Affairs; |
| 4. | One person recommended by the Minister of Trade, Industry and Resources; |
| 5. | One person recommended by the Chairperson of the Financial Services Commission; |
| 6. | One person recommended by the President of the Export-Import Bank of Korea from among executive officers and employees of the Export-Import Bank of Korea. |
| (3) | The chairperson of the Fund Operation Deliberative Committee shall be elected by and from among its members. |
| (4) | The term of office of members other than the members referred to in paragraph (2)6 shall be 2 years, and they may be reappointed only once. |
| (5) | A member under paragraph (4) whose term of office expired may continue to perform his or her duties until a succeeding member is commissioned. |
| Article 33 (Dismissal of members of Fund Operation Deliberative Committee) |
| (1) | If a member commissioned in accordance with Article 32(2) falls under any of the following cases, the Minister of Finance and Economy may dismiss the relevant member: <Amended on Dec. 30, 2025> |
| 1. | Where he or she becomes unable to perform his or her duties due to mental or physical weakness, etc.; |
| 2. | Where he or she is found to have committed irregularities in connection with his or her duties; |
| 3. | Where he or she is deemed unfit as a member due to delinquency of duties, injury to dignity, or any other reason; |
| 4. | Where he or she fails to recuse himself or herself despite falling under any subparagraph of Article 6(1) which is applied mutatis mutandis pursuant to paragraph (2); |
| 5. | Where he or she voluntarily declares that it is difficult for him or her to perform his or her duties. |
| (2) | Article 6 shall apply mutatis mutandis to the exclusion of, challenge to, or recusal of members of the Fund Operation Deliberative Committee. |
| Article 34 (Operation of Fund Operation Deliberative Committee) |
| (1) | The chairperson of the Fund Operation Deliberative Committee (hereafter in this Article referred to as the "chairperson") shall represent the Fund Operation Deliberative Committee and have general supervision and control of its business affairs. |
| (2) | Where the chairperson is unable to perform his or her duties due to any unavoidable cause, a member of the Fund Operation Deliberative Committee designated in advance by the chairperson shall act on behalf of the chairperson. |
| (3) | Meetings of the Fund Operation Deliberative Committee shall be convened by the chairperson, if deemed necessary by the chairperson or if requested by a majority of the incumbent members. |
| (4) | A majority of the members of the Fund Operation Deliberative Committee shall constitute a quorum, and any resolution thereof shall require the concurring vote of a majority of those present. |
| (5) | The Fund Operation Deliberative Committee may have 1 executive secretary to handle the business affairs of the Fund Operation Deliberative Committee. In such cases, the executive secretary shall be appointed by the President of the Export-Import Bank of Korea from among the executive officers and employees of the Export-Import Bank of Korea. |
| (6) | Except as provided in paragraphs (1) through (5), matters necessary for the operation of the Fund Operation Deliberative Committee shall be determined by the chairperson following a resolution by the Fund Operation Deliberative Committee. |
CHAPTER VII SUPPLEMENTARY PROVISIONS
| Article 35 (Entrustment of business affairs) |
| (1) | The head of a central administrative agency may entrust the preparation of statistics on economic security items, etc. under Article 12(1) of the Act and the operation and management of the early warning systems under Article 15(1) of the Act to the following specialized institutions in accordance with Article 44(2) of the Act: <Amended on Oct. 1, 2025; Dec. 30, 2025> |
| 3. | The Export-Import Bank of Korea; |
| 6. | The Korea International Trade Association established with permission from the Minister of Trade, Industry and Resources under Article 32 of the Civil Act; |
| 7. | The Korea Shipowners' Association established with permission from the Minister of Oceans and Fisheries pursuant to Article 32 of the Civil Act; |
| 8. | Other institutions or organizations designated by the Minister of Finance and Economy in consultation with the heads of the relevant central administrative agencies from among other institutions or organizations deemed to have human resources and physical capabilities to perform the entrusted business affairs. |
| (2) | If the head of a central administrative agency entrusts business affairs pursuant to paragraph (1), he or she shall publicly notify the entrusted institution and the details of the entrusted business affairs. |
| Article 36 (Special cases concerning measures under other statutes or regulations) |
If the head of the relevant central administrative agency has taken measures equivalent to a response to a supply chain crisis under other statutes or regulations pursuant to Article 45 of the Act, he or she shall submit the details of the measures taken, including the following matters, and the results thereof, to the Committee: | 1. | Specifics of detailed measures, including production, distribution, export, import, and price restrictions to stabilize the supply of and demand for items, services, etc. that pose a supply chain risk, and stockpiling and release of relevant items; |
| 2. | Details of the composition, and the operation deadline, of organizations related to crisis response. |
| Article 37 (Institutions obligated not to disclose data) |
| (1) | "Institutions prescribed by Presidential Decree" in Article 46(1) of the Act means the following institutions: |
| 1. | A specialized institution that conducts surveys on the current status of supply chains pursuant to Article 11(3) of the Act; |
| 2. | A specialized institution entrusted with part of business affairs by the head of a central administrative agency pursuant to Article 44(2) of the Act and Article 35(1) of this Decree. |
| (2) | "Legitimate channel prescribed by Presidential Decree, such as related litigation" in Article 46(2)5 of the Act means any of the following: |
| 3. | Dispute mediation under other dispute mediation procedures based on statutes or regulations. |
| Article 38 (Duty of confidentiality) |
"Business affairs prescribed by Presidential Decree, such as a request for information disclosure under Article 5 of the Official Information Disclosure Act" in subparagraph 3 of Article 47 of the Act means the following business affairs: | 4. | Dispute mediation under other dispute mediation procedures based on statutes or regulations. |
ADDENDUM <Presidential Decree No. 34589, Jun. 25, 2024>
This Decree shall enter into force on June 27, 2024.
ADDENDA <Presidential Decree No. 35811, Oct. 1, 2025>
This Decree shall enter into force on the date of its promulgation; provided, the amended Presidential Decree, which was promulgated before this Decree enters into force, but for which the effective date has not yet arrived, among the Presidential Decree amended under this Decree shall enter into force from the enforcement date of the relevant Presidential Decree, respectively.
ADDENDA <Presidential Decree No. 35947, Dec. 30, 2025>
Article 1 (Enforcement date)
This Decree shall enter into force on January 2, 2026; provided, from among Presidential Decree amended in accordance with Article 6 of the Addenda, the amendments which have been promulgated before this Decree enters into force but the enforcement dates of which have yet to arrive, shall enter into force on the enforcement date of the relevant Presidential Decree.