No. 14917
Promulgation Date 2017-10-24
Ministry of the Interior and Safety
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Scope of Application)
Article 3 (Basic Principle for Management)
Article 4 (Enactment and Enforcement of Statutes, etc. Governing Local Public Enterprises)
CHAPTER II LOCAL GOVERNMENT-DIRECTLY OPERATED ENTERPRISES
Section 1 General Principles
Article 5 (Establishment of Local Government-Directly Operated Enterprises)
Article 6 (Application of Local Autonomy Act, etc.)
Section 2 Organization Structure
Article 7 (Manager)
Article 8 (Authority of Manager)
Article 9 (Obligations of Manager)
Article 9-2 (Formulation of Medium- to Long-Term Business Management Plans of Local Government-Directly Operated Enterprises)
Article 10 (Relationship between Manager and Head of Local Government)
Article 10-2 (Employees of Enterprise)
Article 11 (Management Regulations of Enterprise)
Article 12 (Delegation, etc. of Authority)
Section 3 Finance
Article 13 (Special Accounting)
Article 14 (Autonomous Accounting System)
Article 15 (Business Year)
Article 16 (Principles of Accounting)
Article 17 (Contribution, etc.)
Article 18 (Long-Term Loans)
Article 19 (Municipal Bonds, etc.)
Article 20 (Temporary Loans)
Article 20-2 (Advances)
Article 21 (Calculation of Cost)
Article 22 (Fees)
Article 23 (Drawing up Budget)
Article 24 (Classification of Budgets)
Article 25 (Details of Budgets)
Article 26 (Presentation of Budget Bill)
Article 27 (Expenditures for Earning Revenue)
Article 28 (Execution of Budgets)
Article 29 (Diversion of Budgets)
Article 30 (Carrying Forward of Budgets)
Article 31 (Reserve)
Article 32 (Special Cases in Disbursement of Expenses not Requiring Cash)
Article 33 (Receipts, Disbursements, and Custody of Cash)
Article 34 (Overall Control of Account)
Article 34-2 (Support for Development and Operation of Budget and Accounting Information Processing System)
Article 35 (Settlement of Accounts)
Article 36 (Report on Condition of Accounting)
Article 37 (Disposition of Gains)
Article 38 (Disposition of Losses)
Article 39 (Revolving Fund)
Article 40 (Acquisition and Disposal of Important Assets)
Article 41 (Management of Enterprise Assets)
Article 42 (Contracts)
Article 43 (Provisions on Delegation)
Section 4 Special Cases for Association of Local Government
Article 44 (Special Cases for Organization of Cooperative of Local Government)
Article 45 (Special Provisions for Organization)
Section 5 Supplementary Provisions
Article 46 (Publication, etc. of Status of Business Operation)
Article 47 (Adjustment of Business)
Article 48 (Obligation for Compensation)
CHAPTER III LOCAL GOVERNMENT-INVESTED PUBLIC CORPORATION
Section 1 Establishment
Article 49 (Establishment)
Article 50 (Joint Organization)
Article 51 (Corporate Personality)
Article 52 (Offices)
Article 53 (Investment)
Article 54 (Investment in other Corporations)
Article 55 (Exercise of Shareholder’s Rights of Local Government)
Article 56 (Articles of Incorporation)
Article 57 (Registration)
Article 57-2 (Dissolution)
Section 2 Executive Officers and Employees
Article 58 (Appointment, Dismissal, etc. of Executive Officers)
Article 58-2 (Performance-Based Contracts with President)
Article 59 (Term of Office and Duties)
Article 60 (Disqualifications for Executive Officers)
Article 61 (Restrictions on Executive Officers and Employees Concurrently Holding Second Office)
Article 62 (Board of Directors)
Article 63 (Appointment and Dismissal of Employees)
Article 63-2 (Education and Training for Executive Officers and Employees)
Article 63-3 (Remuneration of Executive Officers and Employees)
Article 63-4 (Exercise of Right and Selection and Appointment of Agent)
Article 63-5 (Common Standards for Personnel Management)
Article 63-6 (Demand for Disciplinary Actions, etc.)
Section 3 Financial Accounting
Article 64 (Business Year)
Article 64-2 (Principles of Accounting, etc.)
Article 64-3 (Establishment, etc. of Medium- to Long-Term Financial Management Plans)
Article 65 (Budget)
Article 65-2 (Execution of Budget when Budget Fails to be Finalized)
Article 65-3 (Examination of Feasibility of New Investment Business)
Article 65-4 (Business Management in Real Names and Disclosure Thereof)
Article 65-5 (Restrictions on Debt Guarantee Contracts, etc.)
Article 66 (Settlement of Accounts)
Article 66-2 (Common Standards for Budget and Settlement of Accounts)
Article 67 (Management of Profits and Losses)
Article 68 (Issuance of Bonds and Loans)
Article 69 (Operation of Surplus)
Article 70 Deleted.
Article 71 (Expenses Necessary for Vicarious Execution)
Article 71-2 (Financial Support)
Article 71-3 (Entrustment of Sale of Goods and Contract for Construction)
Article 71-4 (Management of Goods)
Article 72 (Advance)
Section 4 Supervision
Article 73 (Supervision, etc.)
Article 74 Deleted.
Section 5 Supplementary Provisions
Article 75 (Application Mutatis Mutandis of the Commercial Act)
Article 75-2 (Publication of Status of Business Operation, etc.)
Article 75-3 (Dispatch of and Concurrent Post by Public Officials)
Article 75-4 (Entrustment of Authority)
Article 75-5 (Registries of Privatized Corporations as Stock Companies)
Article 75-6 (Merger between Corporations and Public Institutions)
CHAPTER IV LOCAL PUBLIC AGENCY
Article 76 (Establishment and Operation)
Article 77 (Expenses)
Article 77-2 (Dissolution)
CHAPTER IV-II (Articles 77-3 through 77-7) Deleted.
CHAPTER V SUPPLEMENTARY PROVISIONS
Article 78 (Evaluation of Management and Guidance)
Article 78-2 (Analysis of Management and Order to Improve Management)
Article 78-3 (Requests for Dissolution of Financially-Troubled Local Public Enterprises)
Article 78-4 (Establishment and Operation of Evaluation Institute of Regional Public Corporation)
Article 78-5 (Policy Committee for Local Public Enterprises)
Article 78-6 (Hearing Opinions of Residents, etc.)
Article 78-7 (Reports to National Assembly)
Article 79 (Subsidies from National Treasury)
Article 79-2 Deleted.
Article 79-3 (Delegation of Authority)
Article 80 (Changes in Organization of Corporations and Public Agencies)
Article 80-2 (Notification of Initiation or Completion of Investigation, etc. of Investigation Agencies, etc.)
CHAPTER VI PENALTY PROVISIONS
Article 81 (Penalty Provisions)
Article 82 (Administrative Fines)
Article 83 (Legal Fiction as Public Officials in Application of Penalty Provisions)
ADDENDA
ADDENDUM <Act No. 3233, Jan. 4, 1980>
ADDENDA <Act No. 4371, May 31, 1991>
ADDENDUM <Act No. 4517, Dec. 8, 1992>
ADDENDUM <Act No. 5200, Dec. 30, 1996>
ADDENDA <Act No. 5708, Jan. 29, 1999>
ADDENDA <Act No. 6665, Mar. 25, 2002>
ADDENDUM <Act No. 7260, Dec. 30, 2004>
ADDENDUM <Act No. 7409, Mar. 24, 2005>
ADDENDA <Act No. 7428, Mar. 31, 2005>
ADDENDA <Act No. 7589, Jul. 13, 2005>
ADDENDA <Act No. 8028, Oct. 4, 2006>
ADDENDA <Act No. 8246, Jan. 19, 2007>
ADDENDA <Act No. 8423, May 11, 2007>
ADDENDUM <Act No. 8450, May 17, 2007>
ADDENDA <Act No. 8852, Feb. 29, 2008>
ADDENDA <Act No. 9575, Apr. 1, 2009>
ADDENDUM <Act No. 10990, Aug. 4, 2011>
ADDENDA <Act No. 11690, Mar. 23, 2013>
ADDENDA <Act No. 11852, Jun. 4, 2013>
ADDENDA <Act No. 12507, Mar. 24, 2014>
ADDENDUM <Act No. 12727, Jun. 3, 2014>
ADDENDA <Act No. 12844, Nov. 19, 2014>
ADDENDA <Act No. 13568, Dec. 15, 2015>
ADDENDA <Act No. 13633, Dec. 29, 2015>
ADDENDA <Act No. 14839, Jul. 26, 2017>
ADDENDA <Act No. 14917, Oct. 24, 2017>