(1) A person who intends to establish and operate a licensed bonded area shall obtain a license from the head of a customs office. This shall also apply where he or she intends to renew the existing license.
(2) A person who intends to obtain a license for establishing and operating a licensed bonded area, a person who establishes and operates a licensed bonded area or any other person who intends to renew his or her license shall pay fees, as prescribed by Ordinance of the Ministry of Economy and Finance.
(3) Requirements for obtaining a license under paragraph (1) shall be prescribed by the Commissioner of the Korea Customs Service according to the kinds of bonded areas, following the standards prescribed by Presidential Decree.[This Article Wholly Amended on Dec. 30, 2010]