The purpose of this Act is to contribute to the sound development of the national economy by striving to facilitate foreign transactions, to maintain equilibrium in the balance of payments and to stabilize the value of currency by ensuring liberalization of foreign exchange transactions and of other foreign transactions, and by invigorating market function.[This Article Wholly Amended on Jan. 30, 2009]
Laws › Foreign Exchange Transactions Act › CHAPTER I GENERAL PROVISIONS
Foreign Exchange Transactions Act — Article 1 (Purpose)
외국환거래법 제1조
This English translation is based on the Korean text effective 2021-09-16. The Korean law has since been amended (current version effective 2026-01-02) — check the Korean original.
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