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INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT

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INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.20563 20250621
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.19067 20221213
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.17660 20210623
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.17079 20200925
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.15041 20180529
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.14078 20160923
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.13225 20150928
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.12126 20140701
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.11682 20130323
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.10907 20120126
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.10629 20110720
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.10082 20100618
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.9401 20090731
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.8852 20080229
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.8708 20071221
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.8576 20080204
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.8357 20070411
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.8108 20070629
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.7869 20060904
INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.6878 20030901
INDUSTRIAL EDUCATION PROMOTION ACT No.6400 20010129
INDUSTRIAL EDUCATION PROMOTION ACT No.5316 19970401
INDUSTRIAL EDUCATION PROMOTION ACT No.4880 19950301
INDUSTRIAL EDUCATION PROMOTION ACT No.4268 19901227
INDUSTRIAL EDUCATION PROMOTION ACT No.3059 19790101
INDUSTRIAL EDUCATION PROMOTION ACT No.2545 19730222
INDUSTRIAL EDUCATION PROMOTION ACT No.2397 19721228
INDUSTRIAL EDUCATION PROMOTION ACT No.2023 19680703
INDUSTRIAL EDUCATION PROMOTION ACT No.1403 19630919
CHAPTER I GENERAL PROVISIONS
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Article 1 (Purpose)
The purpose of this Act is to contribute to the development of communities and the State by training creative industrial human resources meeting the needs of the industrial world, by setting up an efficient research and development system, and by developing, spreading, diffusing, and commercializing new knowledge and technologies necessary for the growth of industries based on linkage between education and research through the promotion of industrial education and the acceleration of industry-academia-research cooperation. <Amended on Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
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Article 2 (Definitions)
The terms used in this Act are defined as follows: <Amended on Jul. 25, 2011; Dec. 30, 2013; Mar. 24, 2020>
1. The term "industrial education" means education provided by an industrial educational institution referred to in subparagraph 2 to assist students to acquire knowledge, technology, etc. necessary for engaging in industrial activities or starting up a new business, and developing entrepreneurship:
(a) Deleted; <Jul. 25, 2011>
(b) Deleted; <Jul. 25, 2011>
(c) Deleted; <Jul. 25, 2011>
2. The term "industrial educational institution" means any of the following schools which provide industrial education:
(a) A high school or technical high school prescribed by Presidential Decree, the objectives of which are to provide education linked to industrial demand or to train experts in particular fields;
(b) A specialized school which provides specialized curricula in occupation or career development and vocational education;
(c) A university (referring to schools defined in the subparagraphs of Article 2 of the Higher Education Act, Article 5 of the Special Act on Establishment and Management of Foreign Educational Institutions in Free Economic Zones and Jeju Free International City, higher educational institutions from among foreign educational institutions of which establishment is approved pursuant to other statutes to which that Article applies mutatis mutandis, and institutions prescribed by Presidential Decree from among other higher educational institutions established under other statutes; hereinafter the same shall apply);
3. The term "industrial teacher" means a teacher referred to in Article 19 of the Elementary and Secondary Education Act and Article 14 of the Higher Education Act, who provides students with industrial education at an industrial educational institution, and a teacher prescribed by Presidential Decree pursuant to Article 5 (1) of the Special Act on Establishment and Management of Foreign Educational Institutions in Free Economic Zones and Jeju Free International City;
4. The term "industrial advice" means where an industrial teacher advises an industrial enterprise, a business operators' organization, or functional organization (hereinafter referred to as "industrial enterprise, etc.") on the management of industrial enterprises, or improvement and development, etc. of industrial technologies;
5. The term "research institute" means any of the following:
(a) A research institute subject to the Specific Research Institutes Support Act;
(b) A national or public research institute;
(e) A specialized manufacturing technology research institute established under Article 42 of the Industrial Technology Innovation Promotion Act;
(f) Other research institutes fully meeting the standards prescribed by Presidential Decree among corporate research institutes established under the Civil Act or other Acts;
6. The term "industry-academia-research cooperation" means the following activities conducted by industrial educational institutions, the State, local governments, research institutes, and industrial enterprises, etc. through mutual cooperation among them:
(a) Train human resources meeting the demand of industrial enterprises, and future industrial development;
(b) Research, development, and commercialization for creating and disseminating new knowledge and technologies;
(c) Transfer technologies to industrial enterprises, etc. and provide industrial advice, etc.;
(d) Jointly use tangible and intangible resources held by research institutes, such as human resources, facilities, equipment, and/or research and development information;
7. The term "faculty researcher" means a person recognized to engage in educational and research activities both in a university and research institute by agreement between the university and the research institute;
8. The term "industry-academia-research cooperation-based technology holding company" (hereinafter referred to as "technology holding company") means a company which controls a third company upon holding the third company’s stocks (including stakes; hereinafter the same shall apply) for the purposes of commercializing the technology prescribed by Presidential Decree being held by an industry-academic cooperation foundation under Article 25;
9. The term "subsidiary company" means a company established based on the technologies held by a university or research institute, the main business of which is controlled by a technology holding company.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 3 (Guidance of students in courses)
(1) The State and local governments shall take measures for and implement the guidance of students in their courses so that such students may obtain the industrial education suitable for their individual aptitude and ability.
(2) The matters to be included in measures concerning the guidance of students in their courses under paragraph (1) and the matters necessary for taking such measure and implementation shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 4 (Duties of State and local governments)
The State and local governments shall prepare schemes for fostering creative industrial human resources and establishing an efficient research and development system, such as formulating and implementing policies for industrial education enhancement and industry-academia-research cooperation promotion, and schemes for developing, distributing and disseminating knowledge and technologies necessary for developing industry.
[This Article Wholly Amended on Nov. 28, 2017]
CHAPTER II PROMOTION OF INDUSTRIAL EDUCATION
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Article 5 (Formulation of master plans)
(1) The Minister of Education shall, every five years, formulate a master plan for industrial education enhancement and industry-academia-research cooperation (hereinafter referred to as "master plan") in consultation with the heads of the relevant central administrative agencies, by integrating plans and policies related to industrial education enhancement and industry-academia-research cooperation promotion, and shall decide and confirm such plan after referring it for deliberation to the National Committee on Industry-Academia-Research Cooperation under Article 14.
(2) Each master plan shall include the following matters:
1. Development goals for industrial education and industry-academia-research cooperation and basic direction for relevant policies;
2. Execution direction of policies for human resources, technology, etc. related to industrial education enhancement and industry-academia-research cooperation promotion;
3. Investigations and researches for industrial education enhancement and industry-academia-research cooperation promotion;
4. Diversification of industrial education and elevation of quality thereof;
5. Fosterage of industrial human resources and promotion of utilization thereof;
6. Expansion and management of information resources for promoting industry-academia-research cooperation, and the establishment of a distribution system for such information resources;
7. Improvement of systems and regulations for industrial education enhancement and industry-academia-research cooperation promotion;
8. Other matters necessary for enhancing industrial education and promoting industry-academia-research cooperation.
(3) The heads of the relevant central administrative agencies and the heads of local governments shall formulate and executing an annual implementation plan containing the following mattes, in accordance with the master plan:
1. Establishment and management of an institution for industrial education;
2. Increase and maintenance of facilities and equipment necessary for industrial education;
3. Plan for in-service training necessary for industrial education;
4. Plan for training industry teachers;
5. Plan for job placement for graduates of institutions for industrial education and educating them to enhance their technology;
6. Plan for education for supporting start-ups established by the students of institutions for industrial education;
7. Management of and supervision over compensation for inventors contributing to creating intellectual property of institutions for industrial education;
8. Encouragement of flexibility in mobility of human resources among industry-academia-research;
9. Activation of cooperative researches among industry-academia-research;
10. Promotion of technology transfer and commercialization among industry-academia-research;
11. Joint utilization of research facilities and equipment and the support of exchanging research and development information, among industry-academia-research;
12. Other matters necessary for enhancing industrial education and promoting industry-academia-research cooperation.
(4) The Minister of Education shall integrate and check up the annual implementation plan of the relevant year under paragraph (3) and the execution outcomes of the annual implementation plan of the previous year, and refer both such plans, for deliberation, to the National Committee on Industry-Academia-Research Cooperation under Article 14, and detailed matters concerning the above-mentioned affairs shall be prescribed by Presidential Decree.
(5) The Minister of Education may, if necessary for formulating a master plan, request the head of the relevant central administrative agency, the head of a local government, the head of an institution for industrial education, and the head of an institution or organization related to industry-academia-research cooperation to submit related materials. In such cases, the head of the relevant central administrative agency, etc. who has received the request to submit materials shall comply with such request unless there is a compelling reason not to do so.
[This Article Added on Nov. 28, 2017]
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Article 6 (Establishment and operation of short-term industrial educational facilities)
(1) The State and local governments may establish and operate short-term industrial educational facilities for the education of persons who work or intend to work with the industrial enterprises, etc.
(2) Short-term industrial education facilities shall have teachers, facilities, and equipment required to offer curricula. <Added on Mar. 22, 2016>
(3) A person who graduated from a high school or is recognized to have academic backgrounds at least equivalent thereto and who completed the education course equivalent to a junior college education in any of the short-term industrial education facilities recognized by the Minister of Education as having teachers, facilities, and equipment equivalent to those of a junior college defined in subparagraph 4 of Article 2 of the Higher Education Act, shall be recognized as having academic backgrounds equivalent to a person who graduated from a junior college, as prescribed by Decree of the Ministry of Education. <Added on Mar. 22, 2016>
(4) Standards for teachers, facilities, and equipment required under Article (2) and other matters necessary for the establishment and operation of short-term industrial educational facilities shall be prescribed by Presidential Decree. <Amended on Mar. 22, 2016>
[This Article Wholly Amended on Dec. 21, 2007]
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Article 7 (Establishment and provision of special courses)
(1) The head of an industrial educational institution may establish and provide a special course in the industrial educational institution, if deemed necessary to provide students with industrial education specializing in a specific industrial field to prepare for the development of industrial technologies, and industrial advancement. <Amended on Dec. 30, 2013>
(2) The State and each local government may assist industrial educational institutions in establishing and providing special courses for training talented people in the STEAM fields of study (Science, Technology, Engineering, Arts, and Mathematics) and young entrepreneurs. <Added on Dec. 30, 2013>
[This Article Wholly Amended on Dec. 21, 2007]
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Article 8 (Establishment and provision of vocational education and training courses by agreement)
(1) An industrial educational institution may establish and operate vocational education and training courses or departments by educational district, among the industrial educational institutions or by individual industrial educational institution by agreement with the State, local governments or industrial enterprises, etc. in any of the following cases. In such cases, when it is necessary to establish new departments or faculties, the existing departments and faculties or similar departments and faculties shall be utilized preferentially above others: <Amended on Nov. 28, 2017>
1. Where the State, local governments or industrial enterprises, etc. require the operation of special curricula by agreement on support of school expenses on condition of employment;
2. Where the State, local governments or industrial enterprises, etc. request education for reeducation, enhancement of vocational ability or education for relocation with payment of the whole or part of such expenses;
3. Where the State, local governments or industrial enterprises, etc. require the operation of the curricula through the joint establishment of standards for selecting students, the joint development of the curricula and educational materials and the participation of the personnel of industrial enterprises, etc. in such education.
(2) Where the head of an industrial educational institution intends to establish and operate a department or faculty under an agreement pursuant to paragraph (1) (hereinafter referred to as "agreed department or faculty"), he or she shall report to the Minister of Education on a plan for such establishment and operation, as prescribed by Presidential Decree. <Added on Mar. 27, 2015>
(3) Where the head of an industrial educational institution intends to abolish an agreed department or faculty, he or she shall report to the Minister of Education on a plan for such abolishment, as prescribed by Presidential Decree. <Added on Mar. 27, 2015>
(4) Industrial educational institutions, industrial enterprises, etc. shall comply with guidelines for the establishment of agreed departments and faculties prescribed in the subparagraphs of paragraph (1). <Added on Mar. 27, 2015; Dec. 13, 2022>
(5) The State and local governments may wholly or partially support the expenses necessary for establishing and operating the vocational education and training courses, etc. under paragraph (1). <Added on Nov. 28, 2017>
(6) Matters necessary for the establishment and operation of vocational education and training courses, etc. as well as the methods for selecting students under paragraph (1), a prescribed fixed number of students, tuition payments, expenses support under paragraph (5), etc. shall be prescribed by Presidential Decree. <Amended on Mar. 27, 2015; Nov. 28, 2017>
[This Article Wholly Amended on Dec. 21, 2007]
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Article 8-2 (Restrictions on establishment of agreed departments or faculties)
(1) If an industrial educational institution establishes, operates or abolishes an agreed department or faculty, in violation of Article 8, the Minister of Education may place restrictions on the new establishment of an agreed department or faculty against the industrial educational institution for the period prescribed by Presidential Decree.
(2) If an industrial enterprise fails to comply with any of the guidelines for the establishment of agreed departments or faculties in violation of Article 8 (4), the Minister of Education may place restrictions on the establishment of a new agreed department or faculty against the industrial enterprise for the period prescribed by Presidential Decree. <Amended on Dec. 13, 2022>
(3) Matters necessary for placing restrictions, etc. on the establishment of agreed departments or faculties under paragraphs (1) and (2) shall be prescribed by Presidential Decree.
[This Article Added on Mar. 27, 2015]
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Article 8-3 (Reporting and inspection)
(1) The Minister of Education may order the head of an industrial educational institution to submit a report or various statistical data on the agreed departments or faculties established and operated pursuant to Article 8, if deemed necessary. In such cases, the relevant industrial educational institution shall comply with such order, unless there is a compelling reason not to do so.
(2) The Minister of Education may require subordinate public officials to inspect books of accounts, documents, etc. of an industrial educational institution or may take other necessary measures, if deemed necessary.
(3) A person who conducts an inspection, etc. under paragraph (2) shall carry identification verifying his or her authority and present it to relevant persons.
[This Article Added on Mar. 27, 2015]
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Article 9 (Industrial advice)
(1) An industrial teacher may give industrial advice in consultation with the head of an industrial enterprise, etc. in the field of or in a field related to his or her major.
(2) The head of an industrial enterprise, etc. who requires industrial advice may request the head of an industrial educational institution or an industrial teacher to provide such industrial advice. In such cases, the head of the industrial educational institution or the industrial teacher whose industrial advice has been requested shall provide industrial advice unless he or she has any special reason.
(3) An industrial teacher or the head of an industrial enterprise, etc. may use the research instruments, in consultation with each other, of an industrial educational institution or an industrial enterprise, etc., when it is necessary to use them, for the improvement and development of industrial technologies.
(4) Matters necessary for the industrial advice and use of research instruments shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 10 (Securing of facilities for experimentation and practice)
(1) The founder and manager of each industrial educational institution shall provide itself with the facilities and equipment necessary for experimentation and practice for industrial education in the industrial educational institution he or she have established and manages, and shall maintain such facilities and equipment.
(2) Standards for the facilities and equipment to be provided under paragraph (1) shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 11 (Special consideration for experimentation and practice expenses)
The State and local governments shall give special consideration when compiling and allocating the budget for the experimentation and practice in the industrial educational institutions they have established and manage so that industrial education may be effectively enhanced.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 11-2 (Training of human resources for industrial technology)
(1) The Minister of Education may formulate and implement the following measures to train human resources in industrial technology: <Amended on Mar. 23, 2013; Dec. 30, 2013>
1. Establish a system to train technical human resources meeting the demand of enterprises;
2. Train excellent human resources by facilitating industry-academia-research cooperation;
3. Support an educational reform to promote industry-academia-research cooperation, and the training of talented people in the STEAM fields of study (Science, Technology, Engineering, Arts, and Mathematics) and young entrepreneurs;
4. Train technical human resources in the future promising fields regarding industrial technology;
5. Train technical human resources leading regional growth;
6. Reeducate technical human resources;
7. Promote the supply of technical human resources to small and medium businesses;
8. Train female technical human resources and encourage them to enter into industrial and technological fields;
9. Other matters prescribed by Presidential Decree regarding training of industrial technical human resources.
(2) The State and local governments may provide contributions or subsidies to a research institute, university, or other institution or organization prescribed by Presidential Decree to fully or partially cover expenses incurred in conducting a project to implement policy measures referred to in paragraph (1).
[This Article Added on Jul. 25, 2011]
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Article 11-3 (Operation of in-service training)
(1) The Minister of Education means an industrial educational institution (referring to a university falling under item (c) from among the industrial educational institutions provided for in subparagraph 2 of Article 2; hereafter in this Article, the same shall apply) to foster human resources meeting the demand of industrial enterprises and future industrial development. In-service training (referring to in-service training classes pursuant to Article 22 of the Higher Education Act) provided by this Article. (hereafter in this Article, the same shall apply) standardized operational criteria, and an industrial educational institution shall operate in-service training accordingly.
(2) The operational criteria under paragraph (1) shall include the matters in the following subparagraphs:
1. Matters concerning the procedures and methods for selection of in-service training industrial enterprises (hereafter in this Article referred to as "practical training institutions");
2. Matters concerning the selection of students participating in in-service training, hours of practical training on duty, hours of education related to duties, and contents of the in-service training;
3. Matters concerning support expenses for in-service training (referring to expenses paid to students participating in in-service training at practical training institutions in connection with in-service training);
4. Other matters necessary for operating the in-service training.
(3) A practical training institute shall pay the expenses for in-service training under paragraph (2) 3 in accordance with the standards prescribed by Presidential Decree, in consideration of the hours of practical training on duty, the hours of job-related education, the minimum amount of an hourly wage under Article 5 (1) of the Minimum Wage Act, etc.
(4) The heads of relevant central administrative agencies and the heads of local governments shall formulate in-service training plans pursuant to Article 5 (3) 3 in compliance with the operational criteria referred to in paragraph (1). <Amended on Dec. 13, 2022>
(5) Other matters necessary for the in-service training shall be prescribed by Presidential Decree.
[This Article Added on Dec. 22, 2020]
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Article 12 (Qualifications, quotas, and remuneration for industrial teachers)
The State and local governments shall take special measures for qualifications, quotas and remuneration for industrial teachers in the light of specialty and importance of industrial education.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 12-2 (Evaluation and reflection of outcomes in industry-academia-research cooperation)
The head of an industrial educational institution shall take necessary measures so that the record of an industrial teacher participating in industry-academia-research cooperation and the results therefrom may be evaluated and reflected properly in his or her evaluation, promotion, remuneration, etc. <Amended on Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
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Article 13 (Supply of new instruments)
(1) In cases where new instruments or new technologies (including newly developed software; hereafter in this Article the same shall apply) of which function has been remarkably enhanced through the application of new principles or the combination of technologies, etc. according to the development of technologies or innovation, have been developed or manufactured, the State and local governments shall take measures to preferentially supply them to industrial educational institutions for teaching and learning and implement such measures.
(2) The industrial enterprises, etc. which have developed the new instruments and new technologies under paragraph (1) shall endeavor to supply such new instruments and new technologies preferentially to the industrial educational institutions.
(3) Matters necessary for the affairs, etc. of preferential supply of new instrument and new technologies under paragraphs (1) and (2) to industrial educational institutions shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 13-2 (Establishment of industrial education centers)
(1) Where it is necessary for promoting industrial education, the Minister of Education may establish an industrial education center or may designate an institution or organization deemed capable of providing industrial education as an industrial education center and operate such center.
(2) An industrial education center shall perform the following business activities:
1. Development and distribution of education materials and programs;
2. Provision of education and training for industrial teachers;
3. Building and operation of a network of cooperation among industrial education institutions;
4. Other matters necessary for the promotion of industrial education.
(3) The Minster of Education may revoke the designation of an industrial education center, where the industrial education center designated pursuant to paragraph (1) falls under any of the following; provided, he or she shall revoke designation in cases falling under subparagraph 1:
1. Where the designation has been obtained by fraud or other improper means;
2. Where the industrial education center fails to meet the standards for designation;
3. Where the industrial education center is deemed to significantly fall short of the capabilities to perform duties.
(4) In cases of revoking designation pursuant to paragraph (3), the Minister of Education shall hold a hearing.
(5) Matters necessary for the standards for and procedures for designation of industrial education centers shall be prescribed by Presidential Decree.
[This Article Added on Mar. 22, 2016]
CHAPTER III NATIONAL COMMITTEE ON INDUSTRY-ACADEMIA-RESEARCH COOPERATION
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Article 14 (Establishment of National Committee on Industry-Academia-Research Cooperation, and matters to be deliberated)
(1) The National Committee on Industry-Academia-Research Cooperation (hereinafter referred to as "Committee") shall be established under the jurisdiction of the Prime Minister to coordinate major policies and plans for industrial education enhancement and industry-academia-research cooperation, and deliberate on matters concerning the efficient operation of the related projects.
(2) The Committee shall deliberate on the following matters:
1. Matters concerning formulating and coordinating major policies and plans for enhancing industrial education and encouraging industry-academia-research cooperation;
2. Matters concerning formulating master plans;
3. Matters concerning the annual implementation plan for the next year under paragraph (3) and the execution outcomes of the annual implementation plan of the previous year under Article 5 (4);
4. Matters concerning investigating, analyzing and evaluating projects for enhancing industrial education and encouraging industry-academia-research cooperation;
5. Matters concerning establishing a supporting system for executing policies for industry-academia-research cooperation and industrial human resources fosterage;
6. Matters prescribed by this Act or any other statute or regulation to be referred to the Committee for deliberation;
7. Matters related to the business affairs and operation of the Committee, which are referred by the Chairperson to a meeting of the Committee.
(3) Detailed matters concerning deliberation by the Committee under paragraph (2) shall be prescribed by Presidential Decree.
[This Article Added on Nov. 28, 2017]
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Article 15 (Composition and operation of committee)
(1) The Committee shall be comprised of not more than 25 members, including two Chairpersons.
(2) The Prime Minister and a person designated by the President from among those falling under subparagraph 2 shall be Co-Chairpersons of the Committee, and the following persons shall be the members thereof:
1. The heads of central administrative agencies and public officials in political service prescribed by Presidential Decree;
2. The persons commissioned by the President, from among those with abundant expertise and experience concerning industrial education and industry-academia-research cooperation.
(3) The Chairpersons shall represent the Committee, and the Chairperson who is the Prime Minister convenes and presides over the Committee’s meetings.
(4) Where the Chairperson who is the Prime Minister is unable to perform his or her duties due to any unavoidable cause/reason, the Chairperson designated by the President pursuant to paragraph (2) shall act on behalf of the former.
(5) Where a vacancy in position of a member occurs, a new member shall be designated or commissioned pursuant to paragraph (2) without delay.
(6) The Committee shall have one administrative secretary to efficiently operate and support the Committee, who shall be the Minister of Education.
(7) Other matters necessary for composing and operating the Committee shall be prescribed by Presidential Decree.
[This Article Added on Nov. 28, 2017]
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Article 16 Deleted. <Mar. 27, 1997>
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Article 17 Deleted. <Mar. 27, 1997>
CHAPTER IV CHARGE TO THE STATE AND LOCAL GOVERNMENTS
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Article 18 (Charge of installation expenses of facilities for experimentation and practice)
(1) The State and local governments shall bear the expenses, within the budget, for securing and maintaining the facilities and equipment necessary for experimentation and practice at industrial educational institutions they have established and manage.
(2) The State shall subsidize the whole or part of the expenses local governments bear under paragraph (1) as prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 19 (Charge of operating expenses of facilities for experimentation and practice)
(1) The State and local governments shall bear, within the budget, the operating expenses of the facilities for experimentation and practice and the expenses necessary for experimentation and practice of the industrial educational institutions they have established and manage.
(2) The State shall subsidize the whole or part of the expenses local governments bear under paragraph (1) as prescribed by Presidential Decree.
(3) The State may subsidize, within the budget, the whole or part of the expenses necessary for in-service training of industrial teachers provided by the local governments.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 20 (Subsidizing installation expenses of private schools)
(1) The State and local governments may subsidize part of the expenses incurred in the installation of facilities and equipment for experimentation and practice and the expenses incurred in experimentation and practice for industrial education by private industrial educational institutions.
(2) Matters necessary for the basis of payment of subsidies, etc. as referred to in paragraph (1) shall be prescribed by Presidential Decree in cases where the State subsidizes, and shall be prescribed by Municipal Ordinance of the competent local government in cases where a local government subsidizes.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 21 Deleted. <Mar. 27, 1997>
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Article 22 (Development of curricula and publication of textbooks)
(1) The State shall take special measures for enhancing industrial education, as prescribed by Presidential Decree, concerning the development of curricula for industrial education and the compilation, authorization, approval and publication of textbooks.
(2) The State may subsidize part of the expenses incurred in the development of curricula for industrial education and the publication of textbooks under paragraph (1) within the budget.
(3) Matters necessary for the basis of payment of subsidies, etc. referred to in paragraph (2) shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 22-2 (Financial support for evaluation and certification of curricula)
The State and local governments may furnish financial support to an academy or organization, etc. evaluating and certifying the industrial education curricula managed by an industrial educational institution.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 23 (Payment of scholarships)
(1) The State and local governments may award scholarships to students attending industrial educational institutions.
(2) Matters necessary for the basis of payment of scholarships, etc. referred to in paragraph (1) shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
CHAPTER V PROMOTION OF INDUSTRY- ACADEMIA-RESEARCH COOPERATION
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Article 24 (Agreements on industry-academia-research cooperation)
(1) The head of an industrial educational institution may enter into an agreement on industry-academic cooperation (hereinafter referred to as "industry-academia-research cooperation agreement") with the State, a local government, research institute, industrial enterprise, etc. <Amended on Jul. 25, 2011>
(2) The director of any industry-academic cooperation foundation has been established under Article 25 may enter into an industry-academia-research cooperation agreement, notwithstanding paragraph (1). In such cases, the director of an industry-academic cooperation foundation shall be deemed to have been delegated the authority of the head of an industrial educational institution concerning the industry-academia-research cooperation agreement. <Amended on Jul. 25, 2011>
(3) Industry-academia-research cooperation agreements shall be entered into based on voluntary agreement among contracting parties under the principle of reciprocity. <Added on Dec. 30, 2013>
(4) Industry-academia-research cooperation agreements shall include: <Amended on Dec. 30, 2013>
1. Matters concerning bearing of expenses incurred in performing the relevant industry-academia-research cooperation agreement (including expenses incurred in utilizing facilities, equipment, human resources, intellectual property rights, etc.) or compensation for such expenses;
2. Matters concerning the ownership and distribution of outcomes from the performance of the relevant industry-academia-research cooperation agreement.
(5) An industry-academia-research cooperation agreement executed by the president, or the founder and manager of a university as at the time an industry-academic cooperation foundation is established shall be deemed executed by the director of the industry-academic cooperation foundation. <Amended on Jul. 25, 2011; Dec. 30, 2013>
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
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Article 25 (Establishment and management of industry-academic cooperation foundation)
(1) A university may establish an organization to be in charge of the affairs for industry-academia-research cooperation (hereinafter referred to as the "industry-academic cooperation foundation") prescribed by the school regulations. <Amended on Jul. 25, 2011>
(2) Each industry-academic cooperation foundation shall be a juristic person.
(3) Each industry-academic cooperation foundation shall be realized with the registration of establishment at the seat of its main office as prescribed by Presidential Decree.
(4) The name of the relevant school shall be indicated in the name of an industry-academic cooperation foundation.
(5) In cases where an industry-academic cooperation foundation is dissolved, its residual assets shall revert to the founder and manager of the relevant school. In such cases, the residual assets that revert to the school juristic person shall be deposited in the school expense account under Article 29 (2) of the Private School Act; provided, the relevant assets that revert to foreign educational institutions referred to in subparagraph 2 (c) of Article 2 shall be deposited in account equivalent to the school expense account under Article 29 (2) of the Private School Act. <Amended on Mar. 24, 2020>
(6) Articles 34 through 36, 50 through 52, 53, 54, 55 (1), 59 (2), 61, 65, and 81 through 95 of the Civil Act shall apply mutatis mutandis to the capacity, address, registration, list of assets, directors, dissolution and liquidation of an industry-academic cooperation foundation and Articles 59 (2), 61 and 65 of that Act shall apply mutatis mutandis to the liquidator of an industry-academic cooperation foundation.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 26 (Articles of association)
The president of a university shall, if he or she intends to establish an industry-academic cooperation foundation, draft the articles of association in which the matters of the following subparagraphs are included: <Amended on Mar. 24, 2020>
1. Objectives;
2. Name;
3. Location of principal office;
4. Matters concerning the affairs and the performance thereof;
5. Matters concerning the assets and accounting;
6. Matters concerning the establishment of a subordinate organization;
7. Matters concerning the appointment and dismissal of the director, researchers, and staff;
8. Matters concerning agency on behalf of the director;
9. Matters concerning the modification of the articles of association;
10. Matters concerning the dissolution;
11. Matters concerning the method of public announcement;
12. Matters concerning succession to an industry-academic cooperation foundation to the rights of teachers and staff to invention and the use, etc. of foreign educational institutions (limited to foreign educational institutions under subparagraph 2 (c) of Article 2) of earnings from such succession.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 27 (Affairs of industry-academic cooperation foundations)
(1) An industry-academic cooperation foundation shall: <Amended on Dec. 21, 2007; May 19, 2011; Jul. 25, 2011; Dec. 30, 2013>
1. Conclude and implement industry-academia-research cooperation agreements;
2. Manage accounting related to industry-academia-research cooperation projects;
3. Acquire and manage intellectual property rights;
4. Support facilities and management of the relevant university;
5. Transfer technologies and promote the commercialization thereof;
6. Remunerate persons who provide technology related to invention made in the course of duties and persons who conduct research related thereto;
7. Assist teaching staff members and students of industrial educational institutions in starting up a new business, and encourage them to develop entrepreneurship;
8. Conduct other activities prescribed by Presidential Decree, related to industry-academia-research cooperation.
(2) Notwithstanding Article 11 (1) and (2) of the Technology Transfer and Commercialization Promotion Act, a national or public university may have an organization solely in charge of the affairs referred to in paragraph (1) 5 as an organization subordinate to an industry-academic cooperation foundation pursuant to Article 29. In such cases, such industry-academic cooperation foundation shall be deemed a solely responsible organization referred to in Article 11 of the Technology Transfer and Commercialization Promotion Act for the purposes of the proviso of Article 10 (2) of the Invention Promotion Act. <Amended on Dec. 21, 2007>
(3) A university may establish an organization solely in charge of the affairs referred to in paragraph (1) 7 as an organization subordinate to an industry-academic cooperation foundation pursuant to Article 29. <Added on Dec. 30, 2013>
[This Article Added on May 27, 2003]
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Article 28 (Chairperson of industry-academic cooperation foundation)
(1) Each industry-academic cooperation foundation shall have one chairperson.
(2) The chairperson of an industry-academic cooperation foundation shall become a member of the board of directors of the industry-academic cooperation foundation.
(3) The chairperson of an industry-academic cooperation foundation shall represent the industry-academic cooperation foundation and exercise overall control of the affairs concerned under the direction and supervision of the president of the relevant university.
(4) The chairperson of an industry-academic cooperation foundation shall be appointed and dismissed by the president of the relevant university. In such cases, matters necessary for the appointment and dismissal shall be prescribed by the school regulations.
(5) When the chairperson of an industry-academic cooperation foundation is unable to perform his or her duties due to unavoidable reasons, the person in the order of priority as prescribed by the articles of association shall act on his or her behalf.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 29 (Organization of industry-academic cooperation foundation)
An industry-academic cooperation foundation may have a subordinate organization necessary for the performance of its affairs as prescribed by the articles of association.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 30 (Business year)
The business year of an industry-academic cooperation foundation shall adopt to the fiscal year of the relevant university.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 31 (Revenues)
(1) The financial sources of the following subparagraphs shall be the revenues of an industry-academic cooperation foundation: <Amended on Dec. 21, 2007; Jul. 25, 2011>
1. Contributions or subsidies from the State or local government;
2. Earnings, securities and other goods with economic value by the industry-academia-research cooperation agreement under Article 24 (1);
3. Earnings, securities and other goods with economic value as a result of the industry-academia-research cooperation;
4. Contributions received concerning industry-academia-research cooperation;
5. Operating earnings from the school enterprise established by a national university, a public university or an industry-academic cooperation foundation under Article 36;
6. Dividend and other earnings from the industry-academic cooperation technology holding company (hereinafter referred to as the "technology holding company");
7. Other earnings as prescribed by Presidential Decree, such as income from interests, etc.
(2) The founder and manager of a university may contribute, if he or she has revenues under any subparagraph of paragraph (1) at the time an industry-academic cooperation foundation is established. In such cases, Article 29 (6) of the Private School Act shall not apply to private schools. <Amended on Dec. 21, 2007>
[This Article Added on May 27, 2003]
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Article 32 (Expenditure)
(1) An industry-academic cooperation foundation may make expenditure under the following subparagraphs: <Amended on Dec. 21, 2007, Jul. 25, 2011>
1. Expenses for the administration and management of an industry-academic cooperation foundation;
2. Expenses for the implementation of industry-academia-research cooperation agreements;
3. Support expenses for the facilities and management of the relevant university;
4. Rewards for the staff and students of the university who have contributed to the financial sources as referred to in Article 31 (1) 2 through 7;
5. Operating expenses for the school enterprise established by a national university, a public university or an industry-academic cooperation foundation under Article 36;
6. Investment in a technology holding company;
7. Working expenses and operating support expenses for a council, etc. under Article 38;
8. Other expenses as prescribed by Presidential Decree as the expenses deemed necessary in connection with industry-academia-research cooperation.
(2) Criteria and procedures for the payment of the reward under paragraph (1) 4 and other necessary matters shall be prescribed by Presidential Decree. <Amended on Dec. 21, 2007>
[This Article Added on May 27, 2003]
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Article 32-2 (Restriction on guarantees for obligations for third parties)
No industry-academic cooperation foundation shall guarantee the obligations of third parties or provide security for third parties.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 33 (Principle of accounting)
(1) An industry-academic cooperation foundation shall keep the accounts to clearly indicate its revenue and expenditure, and the conditions of increase and decrease, and change in assets.
(2) Matters necessary for the operation of accounting of an industry-academic cooperation foundation shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 34 (Employment of researchers)
(1) An industry-academic cooperation foundation may employ researchers and employees whose remuneration shall be borne and paid by the industry-economic cooperation foundation.
(2) In case of the employment of researchers and employees as referred to in paragraph (1), an industry-academic cooperation foundation shall stipulate the terms of the contract such as working period, salaries, working conditions, etc.
(3) The president of a university may, in consultation with the director of an industry-academic cooperation foundation, have researchers and employees under paragraph (1) take charge of education, research, and other affairs of such university.
(4) The president of a university may have school personnel under his or her control perform the affairs of an industry-academic cooperation foundation at the request of the director of an industry-academic cooperation foundation.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 35 (Acquisition and management of intellectual property rights)
(1) An industry-academic cooperation foundation may acquire, use, and manage intellectual property rights in accordance with the relevant industry-academia-research cooperation agreement. <Amended on May 19, 2011; Jul. 25, 2011>
(2) The State and a local government may subsidize an industry-academic cooperation foundation to partially cover expenses incurred in acquiring and managing intellectual property rights under paragraph (1). <Added on Jul. 25, 2011>
(3) When entering into an industry-academia-research cooperation agreement, an industry-academic cooperation foundation shall endeavor to secure funds to cover expenses to be incurred in acquiring and managing intellectual property rights associated with outcomes from the performance of the industry-academia-research cooperation agreement, to promote commercialization of technology and industry-academia-research cooperation. <Added on Jul. 25, 2011>
(4) An industry-academic cooperation foundation shall formulate and implement regulations about the acquisition and management of intellectual property rights, the transfer and commercialization of technologies, etc. <Added on Dec. 30, 2013>
(5) Regulations about the acquisition and management of intellectual property rights, the transfer and commercialization of technologies, etc. referred to in paragraph (4) shall include provisions concerning the following: <Added on Dec. 30, 2013>
1. Filing applications for intellectual property rights, and registration, protection, transfer, and utilization of intellectual property rights;
2. Limitations on utilization of intellectual property rights following commercialization of technologies, basic requirements for utilization of intellectual property rights, etc.;
3. Registration and management of information about the transfer and commercialization of technologies;
4. Compensation to researchers (inventors) or persons who contribute to the transfer of technologies;
5. Other matters deemed necessary by the director of an industry-academic cooperation foundation for promoting the transfer and commercialization of technologies.
[This Article Added on May 27, 2003]
[Title Amended on May 19, 2011]
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Article 36 (School enterprises)
(1) An industrial educational institution or an industry-academic cooperation foundation may have a department (hereinafter referred to as "school enterprise") directly manufacturing, processing, repairing, selling goods and providing services, etc. in connection with a specific course of study or curricula to utilize them in the in-service training and research of students and teachers, and to promote commercialization by transferring the technologies developed by the industrial educational institutions to the private sector. In such cases, such business activities shall neither cause any inconvenience to education nor shall compel students and school personnel to use them. <Amended on Dec. 21, 2007>
(2) The revenue of a school enterprise shall be the income of the accounts by the classification of the following subparagraphs and keep accounts classified by the school enterprise: <Amended on Dec. 21, 2007>
1. In cases where an industrial educational institution has a school enterprise: accounts of an industrial educational institution (referring to the accounts of an industry-academic cooperation foundation in cases of a national university and a public university);
2. In cases where an industry-academic cooperation foundation has a school enterprise: accounts of an industry-academic cooperation foundation.
(3) Items of business which a school enterprise may manage and other necessary matters for the establishment and management of a school enterprise shall be prescribed by Presidential Decree. <Amended on Dec. 21, 2007>
[This Article Added on May 27, 2003]
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Article 36-2 (Establishment and operation of technology holding companies)
(1) An industry-academic cooperation foundation or an industrial educational institution prescribed by Presidential Decree, among industrial educational institutions defined under subparagraph 2 (c) of Article 2, (hereinafter referred to as "industry-academic cooperation foundation, etc.") may establish a technology holding company either solely or jointly with any of the following: <Amended on Jul. 25, 2011; Dec. 30, 2013>
1. An industry-academic cooperation foundation of another university;
2. An educational foundation (limited to where no industry-academic cooperation foundation exists within the educational foundation);
3. A research institute.
(2) A technology holding company shall obtain authorization for its establishment from the Minister of Education after meeting the following requirements; the procedures necessary for obtaining such authorization shall be prescribed by Decree of the Ministry of Education: <Amended on Feb. 29, 2008; Jul. 25, 2011; Mar. 23, 2013; Dec. 30, 2013; Dec. 20, 2024>
1. It shall be a stock company;
2. Its executive officers shall not fall under any of the grounds for disqualification under the subparagraphs of Article 33 (1) of the State Public Officials Act;
3. An industry-academic cooperation foundation, etc. (including the institutions referred to in the subparagraphs of paragraph (1) where a technology holding company is established jointly with such institutions; hereinafter the same shall apply) shall contribute technology in kind exceeding 30/100 of the capital;
4. An industry-academic cooperation foundation, etc. shall hold more than 50/100 of the total number of issued shares;
5. It shall meet such other requirements as prescribed by Presidential Decree.
(3) If the technology appraisal institution designated under Article 35 (1) of the Technology Transfer and Commercialization Promotion Act reports the appraised value of technology invested in kind, to a court when an industry-academic cooperation foundation, etc. invests technology in kind in a technology holding company, investigations, reporting or appraisal under Articles 299, 299-2, and 310 of the Commercial Act may be substituted by the report. <Amended on Dec. 30, 2013>
(4) A technology holding company may engage in business activities prescribed by Presidential Decree regarding establishment and business administration of a subsidiary company and incidental to such business activities, as well as the operation of the technology holding company. <Amended on Jul. 25, 2011>
(5) The State and a local government shall grant subsidies to industry-academic cooperation foundations, etc. to fully or partially cover expenses incurred in establishing and operating a technology holding company, etc., within the budget. <Added on Jul. 25, 2011>
(6) Where a technology holding company authorized under paragraph (2) intends to change any authorized matter prescribed by Presidential Decree, such as details and ratios of investment, due to a division, merger, or other reason, it shall obtain authorization for the change from the Minister of Education in accordance with Decree of the Ministry of Education. <Added on Dec. 20, 2024>
[This Article Wholly Amended on Dec. 21, 2007]
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Article 36-3 (Methods of establishment of subsidiary companies)
(1) A technology holding company may establish a subsidiary company utilizing technology held by an industry-academic cooperation foundation, industrial educational institution, or a research institute. <Amended on Jul. 25, 2011; Dec. 30, 2013>
(2) A technology holding company may directly establish a subsidiary company or form a subsidiary by acquiring stocks or equity shares of a third company prescribed by Presidential Decree. <Added on Jul. 25, 2011>
(3) A subsidiary company shall be a stock company or limited-liability company. <Amended on Jul. 25, 2011>
(4) Deleted. <Jul. 25, 2011>
(5) Deleted. <Jul. 25, 2011>
(6) Deleted. <Jul. 25, 2011>
(7) Deleted. <Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
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Article 36-4 (Investment in subsidiary company)
(1) Where a technology holding company makes technology in-kind investment in a subsidiary company, Article 36-2 (3) shall apply mutatis mutandis.
(2) "Technology" invested in a technology holding company shall be a technology referred to in subparagraph 6 of Article 2 and be evaluated by a technology evaluation agency referred to in Article 23 of the Technology Transfer and Commercialization Promotion Act within one year calculated retrospectively from the date on which the company’s articles of association is certified.
(3) Where a technology in-kind investment that has been made in a technology holding company is made to its subsidiary company within six months from the date of the investment, an amount assessed when the technology holding company has made the technology in-kind investment may be deemed the amount of in-kind investment made to the subsidiary company.
(4) A technology holding company (excluding a technology holding company that constitutes a venture holding company under Article 8-2 (1) 2 of the Monopoly Regulation and Fair Trade Act) shall hold at least 10/100 of the voting shares of a subsidiary when establishing the subsidiary. <Amended on Dec. 22, 2020; Dec. 20, 2024>
(5) No technology holding company shall guarantee its subsidiary company’s risk.
(6) No subsidiary company shall acquire or possess the stocks of a technology holding company acquiring or holding the stocks of the subsidiary company or of the stocks of another subsidiary company: Provided That this shall not apply where it falls under any of the following subparagraphs:
1. Merger with a company or acquisition by transfer of the whole business of a company;
2. Exercise of security rights or acceptance of payment in kind.
(7) A company has invested under the proviso of paragraph (6) shall dispose of the relevant stocks within six months from the date of such acquisition or possession; provided, this shall not apply where a company acquiring or holding its stocks disposes of such stocks.
[This Article Added on Jul. 25, 2011]
[Previous Article 36-4 moved to Article 36-5 <Jul. 25, 2011>]
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Article 36-5 (Names of technology holding company)
(1) Where an industry-academic cooperation foundation, etc. establishes a technology holding company independently pursuant to Article 36-2 (1), the name of the university and an indication that it is a technology holding company shall be included in the company name. <Amended on Jul. 25, 2011; Dec. 20, 2024>
(2) Where an industry-academic cooperation foundation, etc. establishes a technology holding company jointly pursuant to Article 36-2 (1), the company name shall include an indication that it is a united or joint technology holding company. <Added on Dec. 20, 2024>
(3) No person other than a technology holding company shall use the name “technology holding company” or any similar term in its name, and Article 28 of the Commercial Act shall apply mutatis mutandis to any person who violates this provision. <Amended on Jul. 25, 2011; Dec. 20, 2024>
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
[Moved from Article 36-4; previous Article 36-5 moved to Article 36-6 <Jul. 25, 2011>]
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Article 36-6 (Restriction on use of dividends)
(1) Dividends and other earnings an industry-academic cooperation foundation, etc. has received from a technology holding company shall be used for the activities specified in Article 27 (1) and research activities of the relevant university; provided, such dividends and earnings shall be used only for the activities prescribed by Presidential Decree and directly related to research activities of the relevant university in cases falling under Article 27 (1) 4. <Amended on Jul. 25, 2011; Dec. 30, 2013>
(2) Dividends and other earnings a research institute has received from a technology holding company shall be used only for the purposes prescribed by Presidential Decree, such as re-investment in research activities or the technology holding company. <Added on Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
[Moved from Article 36-5; previous Article 36-6 moved to Article 36-7 <Jul. 25, 2011>]
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Article 36-7 (Concurrent holding of office and leave of absence by faculty members or researchers)
(1) A faculty member of a university, a staff member of a research institute may hold a concurrent office as the representative, an executive officer, or an employee of a technology holding company and a subsidiary company or take a leave of absence become representative, executive officer, or employee with permission from the head of the university or the research institute to which he or she belongs. Further details shall be prescribed by Presidential Decree. <Amended on Jul. 25, 2011>
(2) A person who has obtained permission for concurrent holding of office or leave of absence from office as referred to in paragraph (1) shall not be at a disadvantage in relation to his or her social position as a result therefrom. <Amended on Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
[Moved from Article 36-6; previous Article 36-7 moved to Article 36-8 <Jul. 25, 2011>]
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Article 36-8 (Revocation of authorization for technology holding companies)
(1) In any of the following applies to a technology holding company, the Minister of Education may issue a corrective order to the technology holding company, specifying a period: <Amended on Feb. 29, 2008, Jul. 25, 2011; Mar. 23, 2013; Dec. 20, 2024>
1. Where it fails to meet any of the requirements for authorization for establishment prescribed under each subparagraph of Article 36-2 (2) (excluding subparagraph 3);
2. Where it conducts any affairs other than those prescribed under Article 36-2 (4);
3. Where it violates the restriction on use of dividends under Article 36-6.
(2) In any of the following applies to a technology holding company, the Minister of Education may revoke authorization to establish the technology holding company granted under Article 36-2 (2): <Amended on Feb. 29, 2008; Mar. 23, 2013>
1. Where it has obtained such authorization by fraud or other improper means;
2. Where it fails to obey a corrective order issued under paragraph (1).
[This Article Wholly Amended on Dec. 21, 2007]
[Moved from Article 36-7; previous Article 36-8 moved to Article 36-9 <Jul. 25, 2011>]
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Article 36-9 (Hearings)
The Minister of Education shall hold a hearing before revoking authorization to establish a technology holding company pursuant to Article 36-8 (2). <Amended on Feb. 29, 2008; Jul. 25, 2011; Mar. 23, 2013>
[This Article Wholly Amended on Dec. 21, 2007]
[Moved from Article 36-8; previous Article 36-9 moved to Article 36-10 <Jul. 25, 2011>]
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Article 36-10 (Mutatis mutandis application of the Commercial Act)
Except as provided in this Act, the Commercial Act shall apply mutatis mutandis to a technology holding company and a subsidiary company in this Act.
[This Article Wholly Amended on Dec. 21, 2007]
[Moved from Article 36-9 <Jul. 25, 2011>]
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Article 37 (Cooperative research institutes)
(1) The founder and manager of a university, notwithstanding Articles 18 and 27 of the State Property Act, Articles 13 and 19 of the Public Property and Commodity Management Act, Article 4 of the Higher Education Act, and Article 5 of the Private School Act, may enable the State, a local government, a research institute, or an industrial enterprise, etc. to construct buildings or other permanent facilities by lending part of the land of the university or by creation of superficies as prescribed by Presidential Decree in order to establish a research institute in the premises of the university, which is to be operated by the State, the local government, the research institute or the industrial enterprise, etc. (hereinafter referred to as "cooperative research institute"). <Amended on Jan. 30, 2009; Jul. 25, 2011>
(2) In cases where the founder and manager of the university allows the use of part of the land of the university under paragraph (1), it shall do so on condition that the university and the cooperative research institutes use the facilities, machinery and materials, human resources, etc. jointly.
(3) When an agreement on the lease of part of the land of a university or the creation of superficies (including the case of the renewal of the agreement) under paragraph (1) expires, the State, a local government, a research institute, or an industrial enterprise, etc. shall either donate the buildings and other relevant permanent facilities to the founder and manager of the university or restore the land to its original state and return it. <Amended on Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
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Article 37-2 (Joint use of human resources)
(1) The heads of a university and a research institute (referring only to the research institutes provided for in Presidential Decree from among research institutes referred to in subparagraph 5 (a) of Article 2 and those provided for in items (c) and (d) of that subparagraph; hereinafter the same shall apply) may determine matters regarding the joint use of human resources in a mutually agreed manner.
(2) A faculty member of a university may be appointed as a faculty researcher of a relevant research institute while maintaining his or her current position and status within the university to which he or she belongs after obtaining approval by the heads of the university and the research institution. The procedures and other details shall be prescribed by Presidential Decree.
(3) A researcher of a research institute may be appointed as a faculty researcher of a relevant university while maintaining his or her current position and status within the research institute to which he or she belongs after obtaining approval by the heads of both the research institute and the university. The procedures therefor and other details shall be prescribed by Presidential Decree.
[This Article Added on Jul. 25, 2011]
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Article 37-3 (Dispatches)
(1) Where a faculty member of a national or public university is dispatched to a research institute for conducting research and development in accordance with Article 32-4 of the State Public Officials Act and Article 30-4 of the Local Public Officials Act, the head of the university to which the faculty member belongs may approve the dispatch of the member.
(2) In the case of a dispatch referred to in paragraph (1), salaries shall, in principle, be paid by the institution to which the faculty member is dispatched.
(3) A person who is dispatched under paragraph (1) shall not be at a disadvantage in relation to his or her social position or personnel matters.
[This Article Added on Jul. 25, 2011]
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Article 37-4 (Joint use of research facilities and equipment)
(1) The State may formulate and implement a plan for the joint use of research facilities and equipment and the activation of exchange of research and development information, including the efficient use of research facilities and equipment and the nurturing of human resources specialized in operating equipment.
(2) Where an industrial educational institutions being supported with its operating expenses from the State, a local government or a public institution established under the Act on the Management of Public Institutions is asked to make its research facilities and equipment available for use, the institution shall actively cooperate to the extent such use does not interfere with the institution’s business.
[This Article Added on Jul. 25, 2011]
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Article 38 (Councils for industry-academia-research cooperation)
Industry-academic cooperation foundations, industrial educational institutions, and research institutes, organizations, industrial enterprises, etc. participating in industry-academic cooperation may organize and operate a council, etc. for: <Amended on Jul. 25, 2011; Dec. 30, 2013>
1. Jointly performing industry-academia-research cooperation projects;
2. Exchanging information on industry-academia-research cooperation;
3. Exchanges between personnel in charge of industry-academia-research cooperation and development of their capabilities;
4. Promoting industry-academia-research cooperation and publicizing outcomes from industry-academia-research cooperation.
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
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Article 39 (Support for promoting industry-academia-research cooperation)
(1) The State and each local government may provide financial support to industry-academic cooperation foundations, industrial educational institutions, and organizations that perform industry-academia-research cooperation projects, or promote and assist in industry-academia-research cooperation, and for such projects. <Amended on Jul. 25, 2011; Dec. 30, 2013>
(2) When the State or a local government intends to require an industrial educational institution to bear a specific amount of expenses in implementing industry-academia-research cooperation with such institution, it shall be limited to the minimum amount necessary, considering the nature and objectives of such industry-academia-research cooperation. <Amended on Jul. 25, 2011>
[This Article Wholly Amended on Dec. 21, 2007]
[Title Amended on Jul. 25, 2011]
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Article 39-2 (Preparation of statistics related to industry-academia-research cooperation)
(1) The State and local governments may prepare and manage statistics related to industry-academia-research cooperation in order to efficiently formulate policies and implement them to foster industry-academia-research cooperation.
(2) The State and local governments may request industrial educational institutions, research institutes, industrial enterprises to prepare, maintain, and manage basic data in order to prepare statistics under paragraph (1).
(3) The scope of statistics prepared pursuant to paragraph (1), matters to be surveyed, etc. shall be prescribed by Presidential Decree.
[This Article Added on Jul. 25, 2011]
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Article 40 (Support for loan contracts for school expenses)
An industrial educational institution may give publicity, provide information, mediate and provide other necessary support concerning the contracts on condition that an industrial enterprise, etc. lend the school expenses to a student and exempt the reimbursement of such school expenses in exchange for supply of his or her labor.
[This Article Wholly Amended on Dec. 21, 2007]
CHAPTER VI SUPPLEMENTARY PROVISIONS
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Article 41 (International cooperation)
The State and local governments shall establish plans for international cooperation with foreign governments, international organizations or foreign industrial educational institutions, training institutions, industrial research institutes and industrial enterprises, etc. concerning the matters of the following subparagraphs and execute them:
1. Exchanges of information on industrial education;
2. Exchanges, and study and training of industrial teachers;
3. Participation in various activities related to industrial education;
4. Promotion of international cooperation necessary for enhancing industrial education.
[This Article Wholly Amended on Dec. 21, 2007]
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Article 42 (Assistance to learners of private teaching institutes)
(1) The State and local governments may subsidize part of tuition fees etc. to the learners of the private teaching institutes in technology established under the Act on the Establishment and Operation of Private Teaching Institutes and Extracurricular Lessons as prescribed by Presidential Decree.
(2) The State and local governments may, if necessary, provide administrative and financial support for the fosterage of the private teaching institutes under paragraph (1).
[This Article Wholly Amended on Dec. 21, 2007]
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Article 43 (Entrustment of affairs)
(1) The Minister of Education may entrust part of administrative affairs regarding industrial education and industry-academia-research cooperation to corporations or organizations prescribed by Presidential Decree. <Amended on Mar. 23, 2013>
(2) Procedures, etc. for entrustment of authority shall be governed by the Regulations on Devolution and Entrustment of Administrative Competence.
[This Article Added on Jul. 25, 2011]
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Article 44 (Legal fiction as public officials for purposes of applying penalty provisions)
A corporation or an executive officer or employee of an organization to which part of authority under this Act is delegated shall be deemed a public official for purposes of applying Articles 129 through 132 of the Criminal Act.
[This Article Added on Jul. 25, 2011]
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Article 45 (Confidentiality)
A corporation or an executive officer or employee of an organization to which part of authority under this Act is delegated may not disclose confidential information which the person has learned in the course of conducting business.
[This Article Added on Jul. 25, 2011]
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Article 46 (Penalty provisions)
A person who discloses confidential information which he or she has learned in the course of conducting business entrusted in violation of Article 45 shall be punished by imprisonment with labor of up to three years or a fine not exceeding 30 million won.
[This Article Added on Jul. 25, 2011]
ADDENDA <Act No. 4880, Jan. 5, 1995>
(1) (Enforcement Date) This Act shall enter into force on March 1, 1995.
(2) (Transitional Measures concerning Field Practice) Field practice at any industrial enterprise performed under the previous provisions at the time when this Act enters into force shall be considered to have been performed under the provisions of Article 8.
(3) Omitted.
ADDENDA <Act No. 5316, Mar. 27, 1997>
Article 1 (Enforcement date)
This Act shall enter into force on April 1, 1997.
Article 2 Omitted.
ADDENDA <Act No. 6400, Jan. 29, 2001>
Article 1 (Enforcement date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Article 2 Omitted.
Article 3 Omitted.
Article 4 Omitted.
ADDENDA <Act No. 6878, May 27, 2003>
(1) (Enforcement Date) This Act shall enter into force on September 1, 2003; provided, the amended provision of Article 36 shall enter into force on March 1, 2004.
(2) (Arrangements for Establishment of Board of Industry-Academic Cooperation) The universities may take measures to make arrangements for the establishment of the board of industry-academic cooperation, such as the amendment of the school regulations, etc., even though prior to the entry into force of this Act.
(3) Omitted.
ADDENDA <Act No. 7869, Mar. 3, 2006>
Article 1 (Enforcement date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Act No. 8108, Dec. 28, 2006>
Article 1 (Enforcement date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 Omitted.
Article 3 Omitted.
Article 4 Omitted.
ADDENDA <Act No. 8357, Apr. 11, 2007>
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.
ADDENDUM <Act No. 8576, Aug. 3, 2007>
This Act shall enter into force six months after the date of its promulgation.
ADDENDUM <Act No. 8708, Dec. 21, 2007>
This Act Shall enter into force on the date of its promulgation; provided, the amended provisions of Articles 2, 27 (1), 31 (1), 32 (1), 32-2, 36 (1) and (2), 36-2 through 36-9 shall enter into force on February 4, 2008.
ADDENDA <Act No. 8852, Feb. 29, 2008>
Article 1 (Enforcement date)
This Act shall enter into force on the date of its promulgation; provided,...(Omitted)...the amended parts among the statutes amended under Addenda 6 that were promulgated before the enforcement of this Act but their enforcement dates have yet to arrive shall enter into force on their respective enforcement dates of the relevant statute.
Articles 2 through 7 Omitted.
ADDENDA <Act No. 9401, Jan. 30, 2009>
Article 1 (Enforcement date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 11 Omitted.
ADDENDUM <Act No. 10082, Mar. 17, 2010>
This Act shall enter into force three months after the date of its promulgation.
ADDENDA <Act No. 10629, May 19, 2011>
Article 1 (Enforcement date)
This Act shall enter into force two months after the date of its promulgation. (Proviso Omitted.)
Article 2 Omitted.
ADDENDA <Act No. 10907, Jul. 25, 2011>
Article 1 (Enforcement date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 Omitted.
Article 3 (Relationship to other statutes)
Where the Promotion of Industrial Education and Industry-Academic Cooperation Act or the provisions thereof are cited in other statutes at the time this Act enters into force, and this Act includes any provisions corresponding thereto, this Act or the corresponding provisions of this Act shall be deemed cited in lieu of the former provisions.
ADDENDUM <Act No. 11682, Mar. 23, 2013>
This Act shall enter into force on the date of its promulgation.
ADDENDUM <Act No. 12126, Dec. 30, 2013>
This Act shall enter into force six months after the date of its promulgation.
ADDENDA <Act No. 13225, Mar. 27, 2015>
Article 1 (Enforcement date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 (Applicability and transitional measures concerning reporting on establishment, operation, or abolishment of agreed departments)
(1) The amended provisions of Article 8 (2) and (3) shall apply, beginning from the first agreed department or faculty to be established and operated or abolished after this Act enters into force.
(2) If an agreed department or faculty has been established and operated pursuant to the former provisions before this Act enters into force, a report thereon shall be submitted to the Minister of Education pursuant to the amended provisions of Article 8 (2) by no later than six months from the date this Act enters into force.
ADDENDUM <Act No. 14078, Mar. 22, 2016>
This Act shall enter into force six months after the date of its promulgation.
ADDENDUM <Act No. 15041, Nov. 28, 2017>
This Act shall enter into force six months after the date of its promulgation.
ADDENDUM <Act No. 17079, Mar. 24, 2020>
This Act shall enter into force six months after the date of its promulgation.
ADDENDA <Act No. 17660, Dec. 22, 2020>
This Act shall enter into force six months after the date of its promulgation.
ADDENDUM <Act No. 19067, Dec. 13, 2022>
This Act shall enter into force on the date of its promulgation.
ADDENDUM <Act No. 20563, Dec. 20, 2024>
This Act shall enter into force six months after the date of its promulgation.

ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT

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ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.35947 20260102
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.35802 20251001
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.35555 20250621
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.35382 20250312
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.35381 20250311
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.35021 20241203
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.34657 20240710
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.33342 20230328
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.31767 20210623
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.31296 20201229
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.30235 20191210
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.29421 20190101
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.28901 20180529
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.28114 20170620
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.27751 20170101
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.27501 20160923
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.27092 20160412
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.26855 20151231
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.26551 20150928
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.26532 20150928
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.26082 20150203
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.25840 20150101
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.25408 20140701
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.21291 20090204
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.20740 20080229
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.20570 20080204
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT No.18101 20030919
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.17115 20010129
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.16599 19991124
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.15452 19970809
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.15272 19970206
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.14920 19960301
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.14762 19950913
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.14055 19940301
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.13304 19910205
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.11975 19861006
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.8427 19770301
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.7695 19750901
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.6732 19730614
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.4312 19691125
ENFORCEMENT DECREE OF THE INDUSTRIAL EDUCATION PROMOTION ACT No.2149 19650608
CHAPTER I GENERAL PROVISIONS
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Article 1 (Purpose)
The purpose of this Decree is to provide for the matters delegated by the Promotion of Industrial Education and Industry-Academic Cooperation Act and the matters necessary for the enforcement of the Act. <Amended by Presidential Decree No. 18101, Sep. 19, 2003; Presidential Decree No. 20570, Jan. 31, 2008>
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Article 1-2 (Scope of Technologies Subject to Commercialization)
The term "technologies prescribed by Presidential Decree" as used in subparagraph 6 of Article 2 of the Promotion of Industrial Education and Industry-Academic Cooperation Act (hereinafter referred to as the "Act") means the technologies falling under any of the following subparagraphs:
1. Patents, utility models, designs and other intellectual properties equivalent thereto, which have been registered or application for registration is pening under the related Acts, such as the Patent Act, the Utility Model Act and the Design Protection Act, etc.;
2. Capital goods integrated with technologies referred to in subparagraph 1;
3. Information on technologies referred to in subparagraph 1 or 2; and
4. Technical, scientific or industrial know-how possible to transfer and commercialize.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 2 (Program to Counsel Future Career of Students)
The State and local governments shall devise and implement policies on career counseling for students, including the matters falling under each of the following subparagraph, in order to enable students to receive vocational education according to their aptitudes and abilities under Article 3 of the Act: <Amended by Presidential Decree No. 14920, Feb. 22, 1996; Presidential Decree No. 18101, Sep. 19, 2003; Presidential Decree No. 20570, Jan. 31, 2008>
1. Matters concerning establishment and administration of a counseling center at each school for career counseling for students and the matters concerning the placement and in-service training of counseling teachers;
2. Matters concerning cooperation among counseling teachers and the relevant specialists, institutions or organizations with regard to career counseling for students;
3. Matters concerning development and distribution of materials and programs necessary for career counseling;
4. Matters concerning the nurturing of institutions and organizations involved in gathering, developing or providing materials and information pertaining to career counseling; and
5. Other matters necessary for career counseling.
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Article 3 (Comprehensive Plan for Promotion of Industrial Education, and Others)
(1) The comprehensive plan for the promotion of industrial education referred to in Article 4 (1) 1 of the Act shall be established and carried out by being categorized into a five year basic plan and an annual plan, and shall include the following matters:
1. A plan to enlarge and maintain the facilities and equipment necessary for industrial education;
2. A plan to promote the industry-academic cooperation such as field practices;
3. A plan for the in-service training of industrial education instructors;
4. A placement plan for the graduates of the industrial education institutions and an education plan to improve their skill; and
5. Other matters necessary for the promotion of the industrial education.
(2) The field practice program referred to in Article 4 (1) 4 of the Act shall include the following matters:
1. The contents and evaluation of field practice;
2. A plan to improve the ability of an industrial entity to perform the field practice;
3. Development and distribution of the educational materials necessary for the field practice;
4. Prevention of, and compensation for industrial accidents;
5. The welfare of students; and
6. Other matters necessary for field practice.
(3) The training program for industrial education instructors referred to in Article 4 (1) 5 of the Act shall include the following matters:
1. The matters concerning the training institutions and the on-the-job service training;
2. The matters concerning the in-service training in a foreign country;
3. Teaching of and training for the minor field which shall be indicated in teacher's licence;
4. A plan to admit to the career of service training and research, etc. implemented in institutes, organizations, or industrial enterprises, etc. other than training institutions; and
5. Other matters necessary for in-service training of industrial education instructors.
(4) The plan for job placement service and the plan for the execution of skill improvement education referred to in Article 4 (1) 6 of the Act shall include the following matters:
1. A plan for cooperation between job placement agencies and industrial education institutions;
2. A plan to improve skills in each professional field; and
3. Other matters necessary for the placement plan.
(5) The Minister of Education, Science and Technology shall fully take into account the matters falling under each subparagraph when he intends to devise and implement policies in order to facilitate the industry-academic cooperation provided for in Article 4 (1) 6-2 of the Act: <Added by Presidential Decree No. 18101, Sep. 19, 2003; Presidential Decree No. 20740, Feb. 29, 2008>
1. The current state of industry-academic cooperation;
2. The extent of satisfaction of students studying in industrial education institutions, and industrial enterprises, business organizations and functional organizations (hereinafter referred to as "industrial enterprises, etc.") at industry-academic cooperation; and
3. The current state of school personnel in charge of industry-academic cooperation, related facilities and equipment.
CHAPTER II PROMOTION OF INDUSTRIAL EDUCATION
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Article 4 Deleted.<by Presidential Decree No. 15452, Aug. 9, 1997>
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Article 5 (Short-Term Industrial Educational Facilities)
(1) When the State or a local government intends to establish short-term industrial educational facilities in accordance with the provisions of Article 6 of the Act, they shall be annexed to industrial education institutions under the provisions of subparagraph 2 of Article 2 of the Act.
(2) The years required for completing a course of study at short-term industrial educational facilities shall not be more than two years.
(3) The number of students per class at short-term industrial educational facilities shall not be more than 50, and short-term industrial educational facilities shall have teaching staff, facilities, and equipment necessary for administration of curriculum.
(4) The positions of teaching staff or administrative staff at short-term industrial educational facilities may concurrently be filled by the teaching staff or administrative staff of industrial education institutions that have established such short-term industrial educational facilities annexed thereto. In such a case, the Minister of Education, Science and Technology may separately set terms and conditions for the placement of teaching staff or administrative staff at industrial education institutions, after considering curriculum, etc., notwithstanding provisions on the placement of teaching staff or administrative staff under the Enforcement Decree of the Elementary and Secondary Education Act and the Regulations on the Foundation and Operation of Universities and Colleges. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 18101, Sep. 19, 2003; Presidential Decree No. 20570, Jan. 31, 2008; Presidential Decree No. 20740, Feb. 29, 2008>
(5) Any person, who has graduated from a high school or is deemed to have education equivalent thereto, has completed a curriculum comparable to that of a junior college at a short-term industrial educational facility which is approved as having teaching staff, facilities and equipment comparable to those of a junior college by the Minister of Education, Science and Technology, shall be deemed to have completed the same level of education as a graduate of a junior college pursuant to the Ministerial Decree of Education, Science and Technology. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 20740, Feb. 29, 2008>
[This Article Wholly Amended by Presidential Decree No. 15272, Feb. 6, 1997]
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Article 6 (Opening and Administration of Vocational Education and Training Courses by Agreement)
(1) Every industrial education institution shall, if it opens and administers vocational education and training courses by agreement (hereinafter referred to as the "vocational education and training courses") pursuant to Article 8 (1) of the Act, open and administer such vocational education and training courses in a manner that does not impede education for students studying in such industrial education institution.
(2) Any agreement that any industrial education institution enters into with the State, any local government or any industrial enterprise, etc, in order to open and operate vocational education and training courses shall contain the matters falling under each of the following subparagraphs:
1. The names of vocational education and training courses;
2. Matters concerning the compilation and operation of vocational education and training courses;
3. Matters concerning the fixed number of trainees and the selection of such trainees who take vocational education and training courses;
4. Matters concerning costs needed to operate the vocational education and training courses and the defrayment of such costs (including standards for calculating costs and ways of defraying such costs);
5. Matters concerning education and training costs that are born by trainees taking vocational education and training courses; and
6. Matters concerning the period in which the vocational education and training courses are opened and operated.
(3) Trainees to participate in the vocational education and training courses shall be selected by means of practical skill test, aptitude test, experiment, practice and interview taking into account recommendations given by the State, local governments or industrial enterprises, etc. as well as their work performance records, and every industrial education institution shall work out and implement a variety of ways and standards for selecting trainees to take the vocational education and training courses in order to reflect their talents, aptitudes and abilities, etc. in their selection.
(4) The fixed number of trainees taking the vocational education and training courses shall be set by an agreement that is concluded between any industrial education institution and the State, any local government or any industrial enterprise, etc, by the vocational education and training course within the scope of not impeding the education of the relevant industrial education institution taking into account the educational circumstances of the relevant industrial education institution and prospects for the supply and demand of manpower, etc., including the number of trainees per one teacher and the standard area of school building per one trainee, etc.
(5) The total amount of education and training costs born by trainees taking the vocational education and training courses shall not exceed 50/ 100 of the costs needed to operate the vocational education and training courses referred to in paragraph (2) 4.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 7 (Opening and Administration of Curriculum and Faculties by Agreement, etc.)
(1) In the event that any industrial education institution opens and administer curriculums or faculties by agreement (hereinafter referred to as the "agreed curriculum etc.") in accordance with Article 8 (1) of the Act, such industrial education institution shall make the curriculums, etc. high school courses, associate degree courses, bachelor's degree courses, master's degree courses or doctorate courses, which the relevant industrial education institution is allowed to open and administer in accordance with the provisions of the Elementary and Secondary Education Actor the Higher Education Act: Provided, That technical high schools from among industrial education institutions and various schools provided for in subparagraph 7 of Article 2 of the Higher Education Act, which are not allowed to open and administer degree courses, may open and administer the agreed curriculums, etc. that do not fall under high school courses and degree courses. <Amended by Presidential Decree No. 20570, Jan. 31, 2008>
(2) Every industrial education institution shall, if it intends to open and administer the agreed curriculums, etc., shall enter the matters falling under each of the following subparagraphs in its school regulations (hereinafter referred to as "school regulations"):
1. The names of the agreed curriculums, etc.;
2. Matters concerning the compilation and administration of the courses of study;
3. Matters concerning standards for, and ways of selecting students;
4. Matters concerning the fixed number of students;
5. Matters concerning costs needed to administer the agreed curriculums, etc. and the defrayment of such costs;
6. Matters concerning payments, including tuition and fees, etc., which are born by students (limited to the case of the agreed curriculums, etc. provided for in Article 8 (1) 2 of the Act);
7. Matters concerning semesters and the number of teaching days;
8. Matters concerning the period during which the agreed curriculums, etc. are opened and administered; and
9. Matters concerning the protection of relevant students studying the agreed curriculums, etc. in the event that the agreed curriculums, etc. are abolished prior to the expiration of opening and administration period of such agreed curriculums, etc.
(3) The agreed curriculums, etc. shall be taught by means of regular class, field study, distance learning and other means prescribed by the Ministerial Decree of Education, Science and Technology. <Amended by Presidential Decree No. 20740, Feb. 29, 2008>
(4) The selection of students for the agreed curriculums, etc. provided for in Article 8 (1) 1 of the Act shall be made according to admission screening methods provided for in Article 82 of the Enforcement Decree of the Elementary and Secondary Education Act and general admission screening methods or special admission screening methods provided for in Article 34 of the Enforcement Decree of the Higher Education Act, but specific matters shall be prescribed by school regulations. <Amended by Presidential Decree No. 20570, Jan. 31, 2008>
(5) The number of students or the fixed number of students for the agreed curriculums, etc. shall be deemed that there is such number of students or such fixed number of students, notwithstanding the provisions of Article 51 of the Enforcement Decree of the Elementary and Secondary Education Act and the provisions of Articles 28 (1) and 30 of the Enforcement Decree of the Higher Education Act: Provided, That the number of students or the fixed number of students by the school year for the agreed curriculums, etc. provided for in Article 8 (1) 1 of the Act shall not exceed 10/100 of the total number of students admitted or of the total fixed number of students admitted during the relevant school year. <Amended by Presidential Decree No. 20570, Jan. 31, 2008>
(6) In the case of the agreed curriculums, etc. provided for in Article 8 (1) 1 of the Act, no tuition or fees shall be levied to students and in the case of the agreed curriculums, etc. provided for in Article 8 (1) 2 of the Act, the total amount of tuition and fees born by students shall not exceed 50/100 of the costs needed to operate the agreed curriculums, etc. referred to in paragraph (2) 5.
(7) The period of opening and operating the agreed curriculums, etc. shall not be shorter than the minimum period, during which students studying the agreed curriculums, etc. are able either to earn their degrees or to get their academic attainments recognized.
(8) The head of every industrial education institution may, if any person who is admitted for the agreed curriculums, etc. under Article 8 (1) 2 of the Act holds a work record related to the course of study of his industrial education institution, recognize his completion of the course of study within the scope of 20/100 of the course of study required for the relevant agreed curriculums, etc.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 8 (Joint Operation of Agreed Curriculums, etc.)
In the event that any industrial education institution intends to jointly open and operate the agreed curriculums, etc. with other industrial education institution by agreement in accordance with Article 8 (1) of the Act, both industrial education institutions shall enter ways of awarding degrees in such agreement.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Articles 9 through 11 Deleted.<by Presidential Decree No. 15452, Aug. 9, 1997>
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Article 12 (Industrial Consulting and Others)
When an industrial education instructor or the head of an industrial education institution cannot comply with the request of the head of an industrial enterprise, etc. for industrial consulting or for consultation about the use of the machinery and tools for research purposes under the provisions of Article 9 of the Act, he shall notify the reason therefor in writing to the head of the industrial enterprise, etc. The same shall also apply to the head of an industrial enterprise, etc. who receives a request for consultation about the use of the machinery and tools for research purposes from an industrial education instructor. <Amended by Presidential Decree No. 18101, Sep. 19, 2003>
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Article 12-2 (Assessment and Reflection of Records, etc. of Industry-Academic Cooperation)
The head of every industrial education institution shall set assessment standards in order to have the records and performances of industrial education instructors participating in the industry-academic cooperation under Article 12-2 of the Act properly assessed and reflected in their evaluations, promotions and remunerations, etc.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 13 (Supply of New Machinery and Tools and New Technologies)
(1) The State and local governments shall devise and implement a plan to provide to the industrial education institutions new machinery and tools and new technologies provided for in Article 13 (1) of the Act. <Amended by Presidential Decree No. 18101, Sep. 19, 2003>
(2) The new machinery and tools and new technologies referred to in paragraph (1) shall be those recommended to the Minister of Education, Science and Technology by the Minister of Knowledge Economy and the head of the industrial enterprise, etc. which produces the new machinery and tools and new technologies. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 18101, Sep. 19, 2003; Presidential Decree No. 20740, Feb. 29, 2008>
CHAPTER III INDUSTRIAL EDUCATION COUNCIL
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Article 14 (Organization of Central Industrial Education Council)
(1) The Central Industrial Education Council referred to in Article 14 of the Act (hereinafter referred to as the "Council") shall consist of not more than twenty five members including one chairman and one vice chairman.
(2) The members of the Council shall be commissioned by the Minister of Education, Science and Technology from among men and women of profound knowledge and experience in industrial education. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 20740, Feb. 29, 2008>
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Article 15 (Chairman and Vice Chairman)
(1) The chairman and the vice chairman of the Council shall be elected by mutual vote from among its members.
(2) The chairman of the Council shall represent the Council and be in charge of all affairs of the Council.
(3) The vice chairman shall assist the chairman and act on behalf of the chairman when the chairman is unable to perform his duties on the grounds of inevitability. <Amended by Presidential Decree No. 18101, Sep. 19, 2003>
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Article 16 (Terms of Office of Members of Council)
The terms of office for the members of the Council shall be two years.
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Article 17 (Meeting)
(1) The chairman of the Council shall convene and preside over its meetings.
(2) The chairman shall convene a meeting without delay, if the Minister of Education, Science and Technology or not less than one third of all members of the Council make a request for a meeting. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 20740, Feb. 29, 2008>
(3) A meeting of the Council shall require the attendance of a majority of all incumbent members of the Council, and make a resolution with a concurrent vote of a majority of those present.
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Article 18 (Research Members)
(1) Research members may be organized in the Council to implement special research and study of the affairs of the Council.
(2) The research members shall be commissioned by the Minister of Education, Science and Technology at the recommendation of the chairman of the Council from among those who have professional knowledge and experience in industrial education. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 20740, Feb. 29, 2008>
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Article 19 (Executive Secretary, and Others)
(1) There shall be one executive secretary and a few secretaries with the Council who shall take care of the affairs of the Council.
(2) The executive secretary and secretaries shall be appointed by the Minister of Education, Science and Technology from among public officials belonging to the Ministry of Education, Science and Technology. <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 20740, Feb. 29, 2008>
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Article 20 (Allowances and Others)
The Council members and research members may receive allowances and travel expenses within the limit of the budget.
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Article 21 Deleted.<by Presidential Decree No. 15452, Aug. 9, 1997>
CHAPTER IV DEFRAYMENT OF EXPENSES NEEDED FOR EXPERIMENTS AND PRACTICE FACILITIES BY STATE
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Article 22 (Standards for State Subsidies)
The State subsidies under the provisions of Articles 18 through 20 of the Act shall, within the limit of the budget, be determined by the standards specified in the following subparagraphs: <Amended by Presidential Decree No. 15452, Aug. 9, 1997>
1. The amount of the state subsidies for the facilities referred to in Articles 18 (2) and 20 (2) of the Act shall not be less than one third of the expenses needed to install the facilities and equipment necessary for the experiments and practice on the industrial education;
2. The amount of the state subsidies for the expenses needed for the operation of the experiment and practice facilities and for the experiments and practice referred to in Article 19 (2) of the Act shall not be less than half of the expenses needed therefor; and
3. The amount of the state subsides for the expenses needed for the field education of the industrial education instructors referred to in Article 19 (3) of the Act shall be the full amount of the travelling expenses and education fees given to the teaching staff who receive the field education.
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Article 23 (Subsidies for Publication of Textbooks)
(1) Textbooks on industrial education for whose publication the State may provide some subsidies referred to in Article 22 (2) of the Act shall be any of the following subparagraphs: <Amended by Presidential Decree No. 17115, Jan. 29, 2001; Presidential Decree No. 20740, Feb. 29, 2008>
1. Textbooks on ndustrial education the copyright of which belongs to the Ministry of Education, Science and Technology;
2. Textbooks on industrial education approved by the Minister of Education, Science and Technology; and
3. Textbooks on industrial education authorized by the competent authorities.
(2) The subsidies referred to in paragraph (1) shall be provided in the range of 2/10 to 5/10 of the total expenses needed for the publication of the textbooks falling under any subparagraph of paragraph (1). <Amended by Presidential Decree No. 16955, Nov. 24, 1999>
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Article 24 (Standard for Payment of Scholarships)
With respect to the payment of scholarships referred to in Article 23 of the Act, the scholarship regulations shall apply mutatis mutandis.
CHAPTER V FACILITATION OF INDUSTRY-ACADEMIC COOPERATION
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Article 25 (Establishment Registration of Board of Industry-Academic Cooperation)
(1) Matters to be registered in connection with the establishment of the board of industry-academic cooperation provided for in Article 25 (3) of the Act shall be as follows:
1. Objectives;
2. Name;
3. The location of a principal office;
4. The name and address of the director of the board; and
5. Methods of publication.
(2) The board of industry-academic cooperation shall, when it applies for the registration of its establishment, append documents falling under each of the following subparagraphs to a written application filed to have its establishment registered:
1. The copy of the school regulations governing the establishment of the board of industry-academic cooperation;
2. The copy of the articles of incorporation of the board of industry-academic cooperation (hereinafter referred to as the "articles of in corporation"); and
3. The copy of the director of the board's letter accepting the proposal for his taking office.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 26 (Functions of Board of Industry-Academic Cooperation)
The term "matters as prescribed by Presidential Decree" in Article 27 (1) 7 of the Act shall be as the following subparagraphs: Provided, That the board of industry-academic cooperation may exempt the whole of part of matters under the provisions of subparagraphs 3 through 8 from its functions, as prescribed by the articles of incorporation, taking into account the number of its researchers and staff as well as the location of its office, etc.: <Amended by Presidential Decree No. 20570, Jan. 31, 2008>
1. The gathering, provision and publicity of information on the demand for and activities of the industry-academic cooperation;
2. The education and training for staff in charge of industry-academic cooperation projects;
3. The consignment management of intellectual property rights that are owned by faculty members belonging to the relevant university (referring to the university provided for in each subparagraph of Article 2 of the Higher Education Act; hereinafter the same shall apply) or jointly owned by faculty members of the relevant university and any other persons in connection with the industry-academic cooperation;
4. The support for mutual cooperative activities between the relevant university and the cooperative research institute provided for in Article 37 (1) of the Act;
5. The support for any enterprise located in the start-up promotion center provided for in subparagraph 7 of Article 2 of the Support for Small and Medium Enterprise Establishment Act, which is set up and operated on the campus of the relevant university;
6. The support for any laboratory factory provided for in Article 2 (5) of the Act on Special Measures for the Promotion of Venture Businesses, which is set up on the campus of the relevant university;
7. The support for any enterprise and any research institute, etc. that are located on the campus of the relevant university, which, in whole or in part, occupies any industrial technology complex provided for in Article 2 of the Act on Special Cases concerning Support of Technoparks; and
8. The support for any enterprise and any research institute that are set up and run on the campus of the relevant university.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 27 (Revenues of Board of Industry-Academic Cooperation)
The term "other revenues determined by the Presidential Decree, such as interests" in Article 31 (1) 6 of the Act means the revenues falling under each of the following subparagraphs:
1. Interest revenues; and
2. Rents paid by other universities or industrial enterprises, etc. for using facilities and equipment for research or experiments and practice owned by the board of industry-academic cooperation.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 28 (Payment of Remuneration)
(1) Faculty members and students who have served to increase the revenues of the board of industry-academic cooperation under Article 32 (1) 4 of the Act shall be differentially remunerated according to the nature of revenues, the amount of revenues and the extent of contributions made by persons subject to the payment of remuneration, etc., and specific standards for paying the remuneration shall be prescribed by the articles of incorporation: Provided, That the same shall not apply to the case where the payment of remuneration is prescribed otherwise by other Acts and subordinate statutes.
(2) The director of the board of industry-academic cooperation shall pay the remuneration referred to in paragraph (1) after obtaining approval therefor from the head of the relevant university.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 29 (Expenditures of Board of Industry-Academic Cooperation)
The term "expenditures that shall be determined by Presidential Decree" in Article 32 (1) 7 of the Act means the expenditures falling under each of the following subparagraphs:
1. Expenditures needed to perform the work of acquiring and managing intellectual property rights provided for in Article 27 (1) 3 of the Act;
2. Expenditures needed to perform the work of transferring technologies and promoting the utilization of technologies for commercial purposes provided for in Article 27 (1) 5 of the Act; and
3. Expenditures needed to perform the work provided for in each subparagraph of Article 26.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 30 (Accounting of Board of Industry-Academic Cooperation)
(1) All revenues and expenditures belonging to the jurisdiction of the board of industry-academic cooperation shall be included in the accounting of the board of industry-academic cooperation.
(2) The accounting of the board of industry-academic cooperation may be managed by setting up a separate account according to financial resources or project units as prescribed by Acts and subordinate statutes governing the industry-academic cooperation or agreements involving the industry-academic cooperation.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 31 (Agency in Charge of Accounting of Board of Industry-Academic Cooperation)
(1) The director of the board of industry-academic cooperation shall administer the revenues and expenditures of the board of industry-academic cooperation.
(2) The director of the board of industry-academic cooperation may delegate his administrative work of collecting revenues and ordering expenditures to staffers belonging to the board of industry-academic cooperation.
(3) The board of industry-academic cooperation shall have an accountant in charge of revenues and an accountant in charge of expenditures as executors of revenues and expenditures.
(4) The accountant in charge of revenues and the accountant in charge of expenditures referred to in paragraph (3) shall be appointed by the director of the board of industry-academic cooperation: Provided, That the two accountants may be made one accountant according to the size of the board of industry-academic cooperation.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 32 (Ways for Board of Industry-Academic Cooperation to Make Expenditures)
(1) The board of industry-academic cooperation shall make any expenditure only when an order is given to that effect and such expenditure shall be made by the accountant in charge of expenditures provided for in Article 31 (3).
(2) The board of industry-academic cooperation shall make any expenditure by means of any check issued by any financial institution or of account transfer: Provided, That the small amount of expenditure prescribed by the articles of incorporation may be made by means of cash payment.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 33 (Performance of Accounting of Board of Industry-Academic Cooperation)
(1) The accounting of the board of industry-academic cooperation shall be fairly and trustfully performed based on objective materials and proof.
(2) The board of industry-academic cooperation shall compile its financial statement.
(3) The financial statement referred to in paragraph (2) shall consist of the balance sheet, the operational statement and the fund statement.
(4) Necessary details of matters concerning accounting and the compilation of financial statements referred to in paragraphs (1) through (3) shall be prescribed and published by the Minister of Education, Science and Technology. <Amended by Presidential Decree No. 20740, Feb. 29, 2008>
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 34 (Settlement of Accounts of Board of Industry-Academic Cooperation)
(1) The director of the board of industry-academic cooperation shall submit the report on the settlement of accounts to the head of the relevant university within 50 days from the date on which the business year of the board of industry-academic cooperation comes to an end.
(2) The report on the settlement of accounts referred to in paragraph (1) shall be appended by documents falling under each of the following subparagraphs:
1. The balance sheet and the supplementary details of the balance sheet;
2. The operational statement and the supplementary details of the operational statement;
3. The fund statement; and
4. Supplementary documents.
(3) The head of the relevant university shall confirm the settlement of accounts of the board of industry-academic cooperation after deliberating on it within 70 days from the date on which the business year of the board of industry-academic cooperation ends.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 35 (Keeping and Publication of Report on Settlement of Accounts)
(1) The director of the board of industry-academic cooperation shall keep the report on the settlement of accounts at the principal office for 5 years when the settlement of accounts is confirmed under Article 34 (3).
(2) The director of the board of industry-academic cooperation shall, if any interested person demands to publish the report on the settlement of accounts, publish it.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 36 (Audit)
The head of a university shall get his staff working for his university or external experts to audit the current holding of assets and the current state of accounting of the board of industry-academic cooperation not less than once every year as prescribed by the school regulations.
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
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Article 36-2 (Cash or In-Kind investment other than Technologies)
(1) The term "case prescribed Presidential Decree" as used in the proviso to Article 36-2 (2) 3 of the Act means a case where it is difficult to establish or manage a technology holding company if the board of industry-academic cooperation invests technologies only in-kind exceeding 50/100 of the capital.
(2) In case where the board of industry-academic cooperation invests cash or in-kind other than technologies under the proviso to Article 36-2 (2) 3 of the Act, the stake of total investment of cash and in-kind shall not exceed the stake of investment of technologies in kind made by the board of industry-academic cooperation concerned.
(3) Private investors or institutions may invest in a technology holding company within the extent not exceeding 50/100 of the capital of a technology holding company.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 36-3 (Requirements for Establishment of Technology Holding Company)
The term "standard prescribed by Presidential Decree" as used in Article 36-2 (2) 4 of the Act shall be as the following subparagraphs:
1. At least one standing specialist; and
2. Exclusive space.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 36-4 (Affairs of Technology Holding Company)
The term "affairs prescribed by Presidential Decree" as used in Article 36-2 (4) of the Act means the affairs of the following subparagraphs:
1. Technical and managerial advice to a subsidiary company;
2. Supporting initial public offering of a subsidiary company;
3. Affairs concerning merger between a subsidiary company and another company, sale of the whole or part of stocks of a subsidiary company, transfer of the whole or part of business of a subsidiary company and division of a subsidiary company, etc.;
4. Supporting financing of capital of a subsidiary company;
5. Affairs concerning transfer of technologies from a technology holding company to a subsidiary company and commercialization thereof, and promotion of transfer and commercialization of technologies of a subsidiary company;
6. Affairs concerning publicity, education or training, marketing of a subsidiary company; and
7. Mutual cooperation with cooperative research institutes, new enterprise support centers, pilot plants, or enterprises and research institutes established and managed in an industrial complex or campus, as prescribed by subparagraphs 4 through 8 of Article 26.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 36-5 (Grounds for Exemption from Obligation to Possess Stocks of Subsidiary Company)
The term "cases with reasons as prescribed by Presidential Decree" in the proviso to Article 36-3 (4) of the Act means the following cases: <Amended by Presidential Decree No. 21291, Feb. 3, 2009>
1. Where a technology holding company has failed to meet the standard for ownership of stocks of its subsidiary company due to transfer of stocks, etc., and it is within one year from the date of such insufficiency;
2. Where a subsidiary company has failed to meet the standard for ownership of stocks of the subsidiary company due to merger of the subsidiary company with another company, and it is within one year from the date of such insufficiency;
3. Where a subsidiary company has failed to meet the standard for ownership of stocks of subsidiary company because it preferentially allotted its stocks to the members of the employee stock ownership association under Article 165-7 of the Financial Investment Services and Capital Markets Act while subscribing or selling its stocks, and it is within one year from the date of such insufficiency; or
4. Where a subsidiary company has failed to meet the standard for ownership of stocks of the subsidiary company because the conversion of convertible bonds or bonds with preemptive rights to new stocks issued by the subsidiary company under Article 513 or Article 516-2 of the Commercial Act have been claimed or preemptive rights to new stocks have been exercised, and it is within one year from the date of such insufficiency.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 36-6 (Affairs of Use of Dividend)
The term "affairs prescribed by Presidential Decree" as used in the proviso to Article 36-5 of the Act means the affairs of the following subparagraphs:
1. Purchasing, management, maintenance and repair of research facilities and machinery and materials;
2. Planning research and development; and
3. Affairs concerning evaluation on the results and reward for research and development.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 36-7 (Concurrent Holding of Offices and Temporary Suspension of School Personnel)
Holding of concurrent offices and temporary suspension of the school personnel under Article 36-6 (1) of the Act shall conform to procedures determined by the head of an institution they belong to.
[This Article Added by Presidential Decree No. 20570, Jan. 31, 2008]
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Article 37 (Cooperative Research Institutes)
(1) A founder and manager of a university may get the State, any local government, any government contributed research institution, any industrial enterprise, etc. to build permanent facilities such as research rooms, laboratory rooms, accommodations for researchers, etc. on the campus of his university in accordance with Article 37 (1) of the Act.
(2) A founder and manager of a national university or a private university shall, when he intends to set up any cooperative research institute on the campus of the university in accordance with Article 37 (1) of the Act, hear the opinion of the head of the university thereabout in advance. A founder and manager of a public university shall, if he intends to set up any cooperative research institute on the campus of his university, go through deliberation of the Public Property Council under Article 16 (1) of the Public Property and Commodity Management Act after hearing the opinion of the head of the university in advance. <Amended by Presidential Decree No. 20570, Jan. 31, 2008>
[This Article Added by Presidential Decree No. 18101, Sep. 19, 2003]
CHAPTER VI SUPPLEMENTARY PROVISIONS
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Article 38 (Promotion of Private Technical Academies, and Others)
(1) The State and local governments may provide the students of the private technical academies referred to in Article 42 of the Act with subsidies for the educational expenses such as lecture fees and expenses of teaching materials, within the limit of the budget. <Amended by Presidential Decree No. 18101, Sep. 19, 2003>
(2) The subsidies for the lecture fees or the expenses of teaching materials referred to in paragraph (1) shall be provided only when the State and local governments have entrusted the education of the students to the founders and managers of the academies.
ADDENDA
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Transitional Measures concerning Short-Term Industrial Education Institutions) The short-term industrial education institutions established under the previous provisions at the time when this Decree enters into force, shall be regarded as the short-term industrial educational facilities established by the provisions of Article 5.
ADDENDA<Presidential Decree No. 14920, Feb. 22, 1996>
Article 1 (Enforcement Date)
This Decree shall enter into force on March 1, 1996.
Article 2 Omitted.
ADDENDUM<Presidential Decree No. 15272, Feb. 6, 1997>
This Decree shall enter into force on the date of its promulgation.
ADDENDA<Presidential Decree No. 15452, Aug. 9, 1997>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDUM<Presidential Decree No. 16599, Nov. 24, 1999>
This Decree shall enter into force on the date of its promulgation.
ADDENDA<Presidential Decree No. 17115, Jan. 29, 2001>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDA<Presidential Decree No. 18101, Sep. 19, 2003>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 Omitted.
Article 3 (Relationship with Other Acts and Subordinate Statutes)
Any reference that has been made to the Enforcement Decree of the previous Industrial Education Promotion Act or its provisions in other Acts and subordinate statutes in force at the time when this Decree enters into force shall be deemed to be a reference that has been made to this Decree or its corresponding provisions, if any, in this Decree in lieu of the previous Decree or its provisions.
ADDENDUM<Presidential Decree No. 20570, Jan. 31, 2008>
This Decree shall enter into force on February 4, 2008.
ADDENDA<Presidential Decree No. 20740, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDA<Presidential Decree No. 21291, Feb. 3, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on February 4, 2009.
Articles 2 through 4 Omitted.