(1) A person who imports foreign goods and a person who trades foreign goods in Korea (excluding business entities mainly engaging in their sale to consumers) shall report details of goods trades designated by the Commissioner of the Korea Customs Service as likely to undermine social security or national health (hereinafter referred to as "goods subject to report on distribution track record") for each distribution level (hereinafter referred to as "distribution track record") to the Commissioner of the Korea Customs Service.
(2) A person obligated to report distribution track record under paragraph (1) (hereinafter referred to as "person obligated to report distribution track record") shall prepare distribution track record on books (including electronic recording methods) and keep the data for one year from the date of such trade.
(3) The Commissioner of the Korea Customs Service shall consult in advance on the designation of goods subject to reporting on distribution track record with the relevant administrative agencies.
(4) With respect to the designation of goods subject to reporting on distribution track record, period of existence of reporting obligation, establishment of the scope of subjects of report, etc., the Commissioner of the Korea Customs Service shall not unreasonably discriminate foreign goods against domestic goods and endeavor to minimize a burden to persons obligated to report distribution track record.
(5) The period of existence of reporting obligation for each goods subject to reporting on distribution track record, scope of distribution track record, reporting procedure, and other necessary matters related to reporting on distribution track record shall be prescribed by the Commissioner of the Korea Customs Service.[This Article Wholly Amended on Dec. 30, 2010]