| Jurisdiction | |||
|---|---|---|---|
| Title | Export Promotion Act | ||
| Instrument Number | 1033 | GLIN ID | 71503 |
| Instrument Class |
Law ![]() Find Additional Information
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Issuance Date | 20/03/1962 |
| Publication |
Kwanbo ![]() Find Additional Information
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| Publication Issue Number |
3100 ![]() Find Additional Information
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Publication Date | 20/03/1962 |
| Publication Specifics | |||
| Related Legal Resources | No related legal resources available | ||
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Summary (English) |
Law 1033 of March 20, 1962 enacts the Export Promotion Act. Aims to improve international payments and contribute to the establishment of the foundation of self-supporting economy through the promotion of exports. Allows the Government to offer a preference for using foreign exchanges necessary for the importation of raw materials for finished products for export; restricts the import permission to an import-export businessperson who has no certain standard of actual results in export; allows any person who shows actual results in export and has established an overseas branch or agency to organize a private standing trade delegation; allows an import-export businessperson who intends to borrow money for trade from a commercial bank to obtain on loan with joint guarantee when three or more import-export businesspersons who have a certain standard of actual results in export guarantee the obligation jointly; and requires the Minister of Commerce and Industry, in consultation with the competent minister, to make a public notice of the quantity, amount, and other necessary matters of an item for which import-export permission is required by other laws and ordinances. (10articles; 797-798pp.)
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| Full Texts | Korean | Full Text 1 (317.88kb) (PDF Help) | |
| Full Text Security Policy | |||
| External References | No external references available | ||
| Subject Terms |
Brokers ;
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Commission merchants ;
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Export incentives ;
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Foreign exchange ;
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Import-export ;
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Industrial incentives ;
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Investments ;
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Loans ;
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Professions ;
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