No. 20823
Promulgation Date 2025-03-18
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
CHAPTER II KOREA INCLUSIVE FINANCE AGENCY
SECTION 1 General Provisions
Article 3 (Establishment)
Article 4 (Capital)
Article 5 (Registration)
Article 6 (Offices)
Article 7 (Articles of incorporation)
SECTION 2 Operating Committee
Article 8 (Establishment of operating committee)
Article 9 (Composition of operating committee)
Article 10 (Operation of operating committee)
SECTION 3 Executive Officers and Employees
Article 11 (Executive officers)
Article 12 (Duties of executive officers)
Article 13 (Grounds for disqualification of executive officers)
Article 14 (Guarantee of status of executive members)
Article 15 (Restriction on power of representation of Director)
Article 16 (Board of directors)
Article 17 (Appointment of agents)
Article 18 (Appointment and dismissal of employees)
Article 19 (Mandatory prohibition of concurrent offices)
SECTION 4 Dormant Deposit Management Committee
Article 20 (Establishment of Dormant Deposit Management Committee)
Article 21 (Operation of Management Committee)
Article 22 (Grounds for disqualification of Management Members)
Article 23 (Guarantee of status of Management Members)
SECTION 5 Duties
Article 24 (Duties of agency)
Article 25 (Business plans)
Article 26 (Support for business execution organizations)
Article 27 (Obligation of business execution organizations)
Article 28 (Return of support fund)
Article 29 (Establishment and operation of Microfinance Committee)
Article 29-2 (Establishment of for small-loan integrated financial support center)
SECTION 6 Finance and Accounting
Article 30 (Business year, budget, and settlement)
Article 31 (Settlement of profits and losses)
Article 32 (Operation of surplus money)
Article 33 (Issuance of bonds)
Article 34 (Borrowing funds)
Article 35 (Sale of claims for reimbursement)
Article 36 (Gratuitous lending of public property)
Article 37 (Receipt of donations)
Article 38 (Separate accounting and transactions between accounts)
SECTION 7 Dormant Deposit Management Account
Article 39 (Establishment of dormant deposit management account)
Article 40 (Contribution of dormant deposit)
Article 41 (Financial resources of dormant accounts)
Article 42 (Use of dormant accounts)
Article 43 (Materials inquiry of original dormant deposit holders)
Article 44 (Notification to original dormant deposit holders)
Article 45 (Request for payment of dormant deposit)
SECTION 8 Microfinance Supplementary Accounts
Article 46 (Establishment of microfinance supplementary accounts)
Article 47 (Formation of supplementary accounts)
Article 48 (Use of supplementary accounts)
Article 49 (Limit of guarantee)
Article 50 (Establishment of guaranty relations)
Article 51 (Obligation of creditor)
Article 52 (Guarantee fees)
Article 53 (Discharge of guaranty debt)
Article 54 (Exercise of claim for reimbursement)
Article 55 (Amount of loss)
CHAPTER IX SELF-SUPPORT SUPPORT ACCOUNT
Article 55-2 (Establishment and creation of self-sufficiency support account)
Article 55-3 (Purposes of self-sufficiency support account)
Article 55-4 (Guarantee fees)
Article 55-5 (Provisions Applicable Mutatis Mutandis)
CHAPTER III CREDIT COUNSELING AND RECOVERY SERVICE
SECTION 1 General Provisions
Article 56 (Establishment)
Article 57 (Registration)
Article 58 (Offices)
Article 59 (Articles of incorporation)
Article 60 (Business of the Committee)
SECTION 2 Composition of the Committee
Article 61 (Composition of the Committee)
Article 62 (Establishment of secretariat)
Article 63 (Chairperson' duties)
Article 64 (Grounds for disqualification of members)
Article 65 (Guarantee of status for members)
Article 66 (Meetings of Committee)
Article 67 (Appointment of agents)
SECTION 3 Finance and Accounting
Article 68 (Business year)
Article 69 (Submission of business plans)
SECTION 4 Assistance on Debt Settlement
Article 70 (Basic principle of debt settlement)
Article 71 (Application for debt settlement)
Article 72 (Procedure for debt settlement)
Article 73 (Method of debt settlement)
Article 74 (Effect of debt settlement)
Article 75 (Agreement on credit recovery support)
Article 76 (Fees)
Article 77 Deleted.
CHAPTER IV SUPPLEMENTARY PROVISIONS
Article 78 (Supervision)
Article 79 (Entrustment of authority)
Article 80 (Prohibition of use of similar names)
Article 81 (Requests for provision of data)
Article 82 (Prohibition of divulgence of confidential information)
Article 83 (Relationship to other statutes)
Article 84 (Legal fiction of public officials in applying penalty provisions)
CHAPTER V PENALTY PROVISIONS
Article 85 (Penalty provisions)
Article 86 (Administrative fine)
ADDENDA <Act No. 14095, Mar. 22, 2016>
ADDENDUM <Act No. 15020, Oct. 31, 2017>
ADDENDA <Act No. 16652, Nov. 26, 2019>
ADDENDUM <Act No. 16653, Nov. 26, 2019>
ADDENDA <Act No. 17472, Aug. 11, 2020>
ADDENDA <Act No. 18227, Jun. 8, 2021>
ADDENDUM <Act No. 20456, Sep. 20, 2024>
ADDENDUM <Act No. 20823, Mar. 18, 2025>