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ENFORCEMENT DECREE OF THE STORM AND FLOOD INSURANCE ACT

Presidential Decree No. 19473, May 10, 2006

Amended by Presidential Decree No. 20120, jun. 28, 2007

Presidential Decree No. 20854, jun. 20, 2008

Presidential Decree No. 20947, Jul. 29, 2008

Presidential Decree No. 21045, Sep. 26, 2008

Presidential Decree No. 21835, Nov. 20, 2009

Presidential Decree No. 21887, Dec. 15, 2009

Presidential Decree No. 22151, May 4, 2010

Presidential Decree No. 22176, May 31, 2010

Presidential Decree No. 22467, Nov. 2, 2010

Presidential Decree No. 22493, Nov. 15, 2010

Presidential Decree No. 22923, May 12, 2011

Presidential Decree No. 23235, Oct. 21, 2011

Presidential Decree No. 23439, Dec. 30, 2011

Presidential Decree No. 24486, Mar. 23, 2013

Presidential Decree No. 24417, Mar. 23, 2013

Presidential Decree No. 25050, Dec. 30, 2013

Presidential Decree No. 25532, Aug. 6, 2014

Presidential Decree No. 25753, Nov. 19, 2014

Presidential Decree No. 25840, Dec. 9, 2014

Presidential Decree No. 26754, Dec. 22, 2015

Presidential Decree No. 26755, Dec. 22, 2015

Presidential Decree No. 27751, Dec. 30, 2016

Presidential Decree No. 28211, Jul. 26, 2017

Presidential Decree No. 29677, Apr. 2, 2019

Presidential Decree No. 32564, Apr. 5, 2022

 Article 1 (Purpose)
The purpose of this Decree is to prescribe matters mandated by the Storm and Flood Insurance Act and matters necessary for the enforcement thereof.
 Article 2 (Subject Matters of Insurance)
"Structures prescribed by Presidential Decree" in subparagraph 3 of Article 4 of the Storm and Flood Insurance Act (hereinafter referred to as the "Act") means greenhouses (including vinyl greenhouses) for agricultural and forestry purposes. <Amended on May 31, 2010; Apr. 5, 2022>
[This Article Wholly Amended on Sep. 26, 2008]
 Article 3 (Execution of Agreement on Storm and Flood Insurance Program)
(1) "Documents prescribed by Presidential Decree, such as articles of incorporation and a certified transcript of corporate register" in Article 6 (2) 2 of the Act means the following documents:
1. Articles of incorporation;
2. Documents on the operation plan of the insurance program.
(2) Where the Minister of the Interior and Safety intends to execute an agreement on a storm and flood insurance program pursuant to Article 6 (2) of the Act, he or she shall verify the following administrative information by sharing the administrative information under Article 36 (1) of the Electronic Government Act; and if the insurer does not give consent to conducting the verification under subparagraph 2, he or she shall be required to append copies of the relevant documents: <Amended on May 4, 2010; Nov. 2, 2010; Nov. 19, 2014; Jul. 26, 2017>
1. The corporation registration certificate;
2. The business registration certificate.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 4 (Subsidization of Premiums)
(1) When subsidizing a portion of a premium pursuant to Article 7 (1) of the Act, the Minister of the Interior and Safety and the head of a local government shall pay the amount of subsidy to the relevant insurer. In such cases, the Minister of the Interior and Safety may pay it to the insurer through the competent local government. <Amended on Nov. 19, 2014; Jul. 26, 2017>
(2) An insurer who intends to receive a subsidy for premium pursuant to paragraph (1) shall submit a statement on the status of purchase of a storm and flood insurance, a plan to use operation expenses and a balance sheet thereof to the Minister of the Interior and Safety and the head of the competent local government, as determined by the Minister of the Interior and Safety. <Amended on Nov. 19, 2014; Jul. 26, 2017>
[This Article Wholly Amended on Sep. 26, 2008]
 Article 4-2 (Eligibility for Full Subsidization of Premiums)
"Cases prescribed by Presidential Decree, such as where the recipient or a person belonging to the second-lowest income bracket under the National Basic Living Security Act is living in the subject matter of insurance" in the proviso of Article 7 (1) of the Act means where all of the following requirements are satisfied:
1. Where the subject matter of insurance falls under any of the following:
(a) Subject matters of insurance for which the insurance proceeds have ever been paid due to damage caused by storm and flood;
(b) Subject matters of insurance for which subsidies (hereinafter referred to as "disaster subsidies") borne or provided by the State or a local government pursuant to Article 66 (1) of the Framework Act on the Management of Disasters and Safety for disaster recovery projects have ever been paid;
(c) Subject matters of insurance within the areas referred to in the subparagraphs of Article 23 (2) of the Act;
2. Where any of the following persons shall actually reside in the subject matter of insurance under subparagraph 1:
(a) Recipients or persons in the second-lowest income bracket under the National Basic Living Security Act;
(b) Persons eligible for support under Articles 5 and 5-2 of the Single-Parent Family Support Act.
[This Article Newly Inserted on Apr. 5, 2022]
 Article 5 (Composition of Deliberative Committee)
(1) The following persons shall become the members of the Committee for Deliberation on Storm and Flood Insurance under Article 8 (1) of the Act (hereinafter referred to as the "Deliberative Committee"): <Amended on Mar. 23, 2013; Nov. 19, 2014; Dec. 22, 2015; Jul. 26, 2017>
1. Persons commissioned by the Minister of the Interior and Safety having due regard to their genders, from among persons with abundant knowledge and experience in insurance, storm and flood, or subject matters of storm and flood insurance (hereinafter referred to as “subject matters of insurance”);
2. Each person designated by the head of the relevant agency, from among public officials in general service of the Senior Executive Service of the Ministry of Economy and Finance, the Ministry of Agriculture, Food and Rural Affairs, the Ministry of Oceans and Fisheries, the Ministry of the Interior and Safety, and the Financial Services Commission;
3. Deleted. <Dec. 22, 2015>
(2) The term of office of the members of the Deliberative Committee under paragraph (1) 1 shall be three years.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 5-2 (Dismissal of Members)
(1) Where any committee member commissioned pursuant to Article 5 (1) 1 falls under any of the following cases, the Minister of the Interior and Safety may dismiss such committee member from his or her office: <Amended on Jul. 26, 2017>
1. Where he or she becomes unable to perform his or her duties due to a mental or physical incapacity;
2. Where it is found that he or she engages in any misconduct in connection with his or her duties;
3. Where he or she is deemed unfit to serve as a committee member due to neglect of duties, loss of dignity, or any other reason;
4. Where he or she voluntarily admits that it is difficult for him or her to perform his or her duties.
(2) A person who has designated a member pursuant to Article 5 (1) 2 may withdraw the designation if the relevant committee member falls under any subparagraph of paragraph (1).
[This Article Newly Inserted on Dec. 22, 2015]
 Article 6 (Chairperson and Vice Chairperson of Deliberative Committee)
(1) The chairperson of the Deliberative Committee shall represent the Deliberative Committee and exercise overall control over its affairs.
(2) The vice chairperson of the Deliberative Committee shall assist the chairperson; and where the chairperson is unable to perform any of his or her duties in extenuating circumstance, the vice chairperson shall act on his or her behalf.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 7 (Secretary of Deliberative Committee)
In order to perform its affairs, the Deliberative Committee shall have one secretary, who shall be designated by the Minister of the Interior and Safety from among director-level public officials of the Ministry of the Interior and Safety. <Amended on Nov. 19, 2014; Dec. 22, 2015; Jul. 26, 2017>
[This Article Wholly Amended on Sep. 26, 2008]
 Article 8 (Operation of Deliberative Committee)
(1) A meeting of the Deliberative Committee shall be convened by the chairperson at the request of a majority of all the incumbent members or when the chairperson deems it necessary, and the chairperson shall preside over it.
(2) A majority of the members of the Deliberative Committee shall constitute a quorum, and any decision thereof shall require the concurrent vote of a majority of those present at the meeting.
(3) Members who attend a meeting of the Deliberative Committee shall be paid allowances, travel expenses, and other necessary expenses within the budget: Provided, That this shall not apply where a member who is a public official attends any meeting of the Deliberative Committee in direct connection with his or her competent duties.
(4) Except as otherwise prescribed in this Decree, detailed matters concerning the operation, etc. of the Deliberative Committee shall be determined by the chairperson after resolution by the Deliberative Committee.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 9 (Insurance Term)
Cases where the basic insurance term may be set at a term other than one year pursuant to the proviso of Article 9 of the Act shall be as follows: <Amended on Nov. 19, 2014; Jul. 26, 2017>
1. Where the term for retaining subject matters of insurance is less than one year;
2. Where the Minister of the Interior and Safety deems it necessary, such as an insurance contract that covers only a specific disaster;
3. Where the State or a local government induces to purchase and maintain a storm and flood insurance policy with the consent of an insurance policy holder, in accordance with Article 23 of the Act.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 10 (Solicitation of Insurance)
"Person prescribed by Presidential Decree, such as an executive officer or employee of a member cooperative of an insurer" in Article 14 (1) 3 of the Act means an executive officer or employee of a member cooperative of the National Agricultural Cooperative Federation, the National Federation of Fisheries Cooperatives, the National Forestry Cooperatives Federation, or the Korea Federation of Small and Medium Business established under the Small and Medium Enterprise Cooperatives Act.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 11 (Qualifications for Damage Evaluators)
(1) Any person who intends to become a damage evaluator shall meet any of the following requirements pursuant to Article 16-2 (1) of the Act: <Amended on Nov. 19, 2014; Dec. 22, 2015; Dec. 30, 2016>
1. He or she shall have at least five years' experience in operating subject matters of insurance;
2. He or she shall have been in charge of subject matters of insurance or disaster management field for at least three years as a public official;
3. He or she shall have been in charge of insurance-related duties for at least three years or duties related to damage assessment for at least two years in an insurance company or an institution or organization engaged in mutual aid services;
4. He or she shall have graduated from a department related to insurance or disaster management of a junior college, or shall have been recognized as having the level of education similar to or higher than such level (including cases where he or she is recognized as having the level of education similar to or higher than the level of education of a person who have graduated from a junior college under Article 8 of the Act on Recognition of Credits and where he or she has earned at least 80 credits in a school referred to in Article 2 of the Higher Education Act;
5. He or she shall have at least three years' experience in teaching subjects related to insurance or disaster management in a school referred to in Article 2 of the Higher Education Act;
6. He or she shall have acquired qualifications for a certified damage assessor or qualifications similar to or higher than such qualifications in accordance with Article 11 of the Agricultural and Fishery Disaster Insurance Act.
(2) Deleted. <Dec. 22, 2015>
(3) Deleted. <Dec. 22, 2015>
(4) The State and each local government shall proactively strive to ensure the smooth damage assessment, such as the provision of data on the status of damage caused by the disaster. <Amended on May 12, 2011>
[This Article Wholly Amended on Sep. 26, 2008]
 Article 12 (Payment of Insurance Proceeds)
(1) An insurance policy holder or the insured who intends to receive insurance proceeds under Article 18 of the Act shall notify the insurer of the occurrence of damage and losses without delay.
(2) An insurer in receipt of a notification on the occurrence of damage and losses under paragraph (1) shall assess the damage and losses and determine the insurance proceeds without delay in accordance with the payment standards specified in the terms and conditions of the insurance, and shall pay the insurance proceeds to the insured within seven days after determining the insurance proceeds. <Amended on Dec. 30, 2011>
[This Article Wholly Amended on Sep. 26, 2008]
 Article 13 (Appropriation of Liability Reserve and Emergency Risk Reserve)
The liability reserve and the emergency risk reserve that an insurer is liable to appropriate pursuant to Article 19 (1) of the Act shall be governed by Article 63 of the Enforcement Decree of the Insurance Business Act.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 14 (Application for Borrowing Loans)
An insurer who intends to obtain approval for borrowing a loan pursuant to the latter part of Article 20 (2) of the Act shall file a written application for the approval stating the following matters with the Minister of the Interior and Safety: <Amended on Nov. 19, 2014; Jul. 26, 2017>
1. Reasons for the borrowing;
2. Loan-granting institution;
3. Loan amount;
4. Conditions of the loan;
5. Methods and period for repayment of the loan.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 15 (Management and Operation of Deficit Compensation Reserve)
(1) Pursuant to Article 20 (3) of the Act, each insurer shall manage and operate the deficit compensation reserve in accordance with the following methods: <Amended on Nov. 15, 2010>
1. Deposit in a bank under the Banking Act;
2. Purchase of collective investment securities under Article 9 (21) of the Financial Investment Services and Capital Markets Act;
3. Purchase of securities issued directly by, or the performance of an obligation of which is guaranteed by the State, a local government or a bank under the Banking Act.
(2) The deficit compensation reserve shall be used for the following purposes after obtaining approval from the Minister of the Interior and Safety: <Amended on Nov. 19, 2014; Jul. 26, 2017>
1. Repayment of loans referred to in Article 20 (2) of the Act and the interest thereon;
2. Appropriation of the deficit accrued at the time of settlement of accounts under Article 21 (2) of the Act;
3. Projects for the prevention of storms and floods and the development, support, etc. of storm and flood insurance.
(3) Each insurer shall submit to the Minister of the Interior and Safety a plan for the operation of the deficit compensation reserve for the following fiscal year of the government by the end of every fiscal year of the government and the result of the annual operation of the deficit compensation reserve within two months after the end of every fiscal year of the government. <Amended on Nov. 19, 2014; Jul. 26, 2017>
[This Article Wholly Amended on Sep. 26, 2008]
 Article 16 (Types of Funds)
(1) "Period specified by Presidential Decree" in Article 23 of the Act, with the exception of the subparagraphs, means the following period:
1. Where a loan is received pursuant to paragraph (2) (excluding subparagraph 2 thereof): A period within the range of five years, which is the shorter between the loan period and the period for retaining subject matters of insurance;
2. When any subsidy from the National Treasury or the local expenditure is received pursuant to paragraph (2) 2 hereof or subparagraph 2 of Article 23 of the Act: Three years after receiving the subsidy.
(2) "Person to whom a loan or subsidy prescribed by Presidential Decree is granted" in subparagraph 1 of Article 23 of the Act means a person who receives any of the following loans or subsidies: <Amended on Nov. 20, 2009; Dec. 15, 2009; Mar. 23, 2013; Mar. 23, 2013; Nov. 19, 2014; Dec. 22, 2015; Jul. 26, 2017; Apr. 2, 2019>
1. A loan for disaster restoration under Article 66 of the Framework Act on the Management of Disasters and Safety;
2. A loan for countermeasures against disasters or a subsidy for recovery from a disaster from the National Treasury or the local expenditure under Article 4 of the Act on the Prevention of and Countermeasures against Agricultural and Fishery Disasters;
3. A loan for providing support under Article 26, etc. of the Framework Act on Agriculture, Rural Community and Food Industry and Article 17, etc. of the Framework Act on Fisheries and Fishing Villages Development;
4. A loan received from the Livestock Development Fund established under Article 43 of the Livestock Industry Act;
5. A loan for the improvement, etc. of the competitiveness of agriculture and fisheries, which is received from the support fund for the implementation of free trade agreements established under Article 13 of the Special Act on Assistance to Farmers and Fishers Following the Conclusion of Free Trade Agreements;
6. A loan for the renovation of a house, which is received from the rural house renovation funds created under Article 67 of the Agricultural and Fishing Villages Improvement Act;
7. A loan related to a settlement and living sphere development project among living environment improvement projects implemented pursuant to Chapter IV of the Agricultural and Fishing Villages Improvement Act;
8. A loan from the Fund for the Establishment and Promotion of Small and Medium Enterprise and Startup granted pursuant to Article 67 of the Small and Medium Enterprises Promotion Act;
9. A loan or financial support from the funds granted pursuant to Article 4 of the Support for Small and Medium Enterprise Establishment Act;
10. Any other loan from a fund prescribed by Ordinance of the Ministry of the Interior and Safety among loans from policy funds which are similar to those set forth in subparagraphs 1 through 9.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 16-2 (Entrustment of Collection, Consolidation, and Management of Statistics Related to Storm and Flood)
(1) The Minister of the Interior and Safety may entrust the collection, consolidation, and management of statistics related to storm and flood to the following entities pursuant to Article 24 (4) of the Act:
1. A premium rate calculation agency under Article 176 of the Insurance Business Act;
2. An insurance-related organization under Article 178 of the Insurance Business Act;
3. Any other corporation or organization that the Minister of the Interior and Safety deems appropriate for performing the entrusted business affairs.
(2) Upon entrusting business affairs pursuant to paragraph (1), the Minister of the Interior and Safety shall publicly announce an entrusted institution and the details of entrusted business affairs in the Official Gazette or on the Ministry's website.
[This Article Newly Inserted on Apr. 5, 2022]
[Previous Article 16-2 moved to Article 16-3 <Apr. 5, 2022>]
 Article 16-3 (Qualifications Required from Technical Human Resources of Persons Who Vicariously Prepare Maps for Management of Storm and Flood Insurance)
Qualifications for the technical human resources of persons to be employed by a person who intends to conduct vicarious preparation of maps for the management of storm and flood insurance in accordance with Article 25-2 (2) of the Act shall be as specified in the attached Table.
[This Article Newly Inserted on Sep. 26, 2008]
[Moved from Article 16-2 <Apr. 5, 2022>]
 Article 17 (Entrustment of Business Affairs)
(1) An insurer who intends to entrust part of his or her business affairs, such as solicitation of insurance and damage assessment, pursuant to Article 27 of the Act, shall conclude an agreement after receiving the entrusted business operator's business manual, etc. and report the result thereof to the Minister of the Interior and Safety. <Amended on Nov. 19, 2014; Jul. 26, 2017>
(2) "Persons prescribed by Presidential Decree” in subparagraph 3 of Article 27 of the Act means the following persons:
1. The National Agricultural Cooperative Federation, local agricultural cooperatives and cooperatives by item and business category, which are established under the Agricultural Cooperatives Act;
2. The National Federation of Fisheries Cooperatives, fishery-product processing cooperatives, fisheries cooperatives by region and business category, which are established under the Fisheries Cooperatives Act;
3. The National Forestry Cooperatives Federation, local forestry cooperatives, forestry cooperatives by item and business category, which are established under the Forestry Cooperatives Act;
4. The Korea Federation of Small and Medium Business established under the Small and Medium Enterprise Cooperatives Act.
[This Article Wholly Amended on Sep. 26, 2008]
 Article 17-2 (Management of Personally Identifiable Information)
The State and any local government (where the relevant authority is delegated or entrusted, including persons to whom such authority is delegated or entrusted) may manage the data which contain resident registration numbers under subparagraph 1 of Article 19 of the Enforcement Decree of the Personal Information Protection Act, if it is essential to perform the following affairs:
1. Affairs related to the subsidization of premiums under Article 7 of the Act;
2. Affairs related to the conclusion of an insurance contract for the benefit of a third party under Article 639 of the Commercial Act.
[This Article Newly Inserted on Aug. 6, 2014]
 Article 17-3 (Subsidies for Offsetting Difference from Disaster Subsidies)
(1) The State and local governments may provide disaster subsidies for offsetting the relevant difference pursuant to the proviso of Article 34 (1) of the Act, in any of the following cases:
1. Where the actual insurance proceeds to be paid due to damage caused by storm and flood are less than the disaster subsidy for the relevant damage, as the amount of subsidy under Article 9 (1) of the Regulations on the Standards for Payment of Expenses for Natural Disaster Relief and Recovery has increased during the insurance period under Article 9 of the Act (in cases where the insurance proceeds are paid after the expiration of the insurance period, referring to the period from the commencement date of the insurance period to the date the actual insurance proceeds are paid);
2. Where the actual insurance proceeds to be paid are less than the disaster subsidy for the relevant damage, as insurance proceeds were paid due to damage caused by storm and flood to the subject matter of insurance and thereafter damage caused by storm and flood has occurred again to the same subject matter.
(2) Except as provided in paragraph (1), the details necessary for the payment of the difference from disaster subsidies, etc. shall be determined and publicly notified by the Minister of the Interior and Safety.
[This Article Newly Inserted on Apr. 5, 2022]
 Article 18 (Re-Examination of Regulation)
(1) The Minister of the Interior and Safety shall examine the appropriateness of the qualifications for damage evaluators pursuant to Article 11 (1) every three years, counting from January 1, 2014 (referring to the period that ends on the day before January 1 of every third year) and shall take measures, such as making improvements. <Amended on Nov. 19, 2014; Dec. 9, 2014; Jul. 26, 2017>
(2) The Minister of the Interior and Safety shall examine the appropriateness of the qualifications for the technical human resources of persons who vicariously prepare maps for the management of storm and flood insurance pursuant to Article 16-3 and the attached Table every three years, counting from January 1, 2014 (referring to the period that ends on the day before January 1 of every third year) and shall take measures, such as making improvements. <Newly Inserted on Dec. 9, 2014; Dec. 30, 2016; Jul. 26, 2017; Apr. 5, 2022>
[This Article Newly Inserted on Dec. 30, 2013]
ADDENDA <Presidential Decree No. 19473, May 10, 2006>
(1) (Enforcement Date) This Decree shall enter into force on May 15, 2006.
(2) (Provision on Enforcement Date of the Storm and Flood Insurance Act) The Storm and Flood Insurance Act (Act No. 7859) shall enter into force on May 15, 2006.
ADDENDUM <Presidential Decree No. 20120, Jun. 28, 2007>
This Decree shall enter into force on July 4, 2007.
ADDENDA <Presidential Decree No. 20854, Jun. 20, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on June 22, 2008.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 20947, Jul. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on February 4, 2009. (Proviso Omitted.)
Articles 2 through 28 Omitted.
ADDENDUM <Presidential Decree No. 21045, Sep. 26, 2008>
This Decree shall enter into force on September 29, 2008: Provided, That the amended provisions of Article 15 shall enter into force on February 4, 2009.
ADDENDA <Presidential Decree No. 21835, Nov. 20, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 22, 2009.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 21887, Dec. 15, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDA <Presidential Decree No. 22151, May 4, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on May 5, 2010.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 22176, May 31, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures)
Notwithstanding the amended provisions of Article 2, the former provisions shall apply to the storm and flood insurances and the storm and flood reinsurances, the insurance term of which has commenced before this Decree enters into force.
ADDENDUM <Presidential Decree No. 22467, Nov. 2, 2010>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 22493, Nov. 15, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 18, 2010.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 22923, May 12, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force six months after the date of its promulgation.
Article 2 (Transitional Measures concerning Certificate of Damage Assessment)
A certificate of damage assessment issued by the Administrator of the National Emergency Management Agency before this Decree enters into force shall be deemed issued pursuant to the amended provisions of Article 11.
ADDENDA <Presidential Decree No. 23235, Oct. 21, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on October 22, 2011.
Articles 2 through 6 Omitted.
ADDENDUM <Presidential Decree No. 23439, Dec. 30, 2011>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 24417, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 24486, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 Omitted.
ADDENDUM <Presidential Decree No. 25050, Dec. 30, 2013>
This Decree shall enter into force on January 1, 2014. (Proviso Omitted.)
ADDENDUM <Presidential Decree No. 25532, Aug. 6, 2014>
This Decree shall enter into force on August 7, 2014.
ADDENDA <Presidential Decree No. 25753, Nov. 19, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That among Presidential Decrees amended pursuant to Article 7 of this Addenda, the amended provisions of a Presidential Decree which is promulgated before this Decree enters into force, but the enforcement date of which has not arrived, shall enter into force on the date such Presidential Decree is to enter into force.
Articles 2 through 7 Omitted.
ADDENDA <Presidential Decree No. 25840, Dec. 9, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Articles 2 through 16 Omitted.
ADDENDA <Presidential Decree No. 26754, Dec. 22, 2015>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 23, 2015.
Articles 2 and 3 Omitted.
ADDENDUM <Presidential Decree No. 26755, Dec. 22, 2015>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 27751, Dec. 30, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2017. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDA <Presidential Decree No. 28211, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That among Presidential Decrees amended pursuant to Article 8 of this Addenda, the amended provisions of a Presidential Decree which is promulgated before this Decree enters into force, but the enforcement date of which has not arrived, shall enter into force on the date such Presidential Decree is to enter into force.
Articles 2 through 8 Omitted.
ADDENDA <Presidential Decree No. 29677, Apr. 2, 2019>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 Omitted.
ADDENDUM <Presidential Decree No. 32564, Apr. 5, 2022>
This Decree shall enter into force on Apr. 5, 2022.