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Foreign Exchange Transactions Act — Article 14 (Redemption of Principal and Interest of Foreign Exchange Equalization Fund Bonds)

외국환거래법 제14조

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.

(1) The principal and interest on foreign exchange equalization fund bonds issued may be redeemed with the net budget surplus of the general accounts in accordance with the procedures prescribed in Article 90 (6) of the National Finance Act.

(2) The amount redeemable with the net budget surplus of the general accounts under paragraph (1) shall be an amount calculated by adding or subtracting any profit and loss resulted from operation of the foreign exchange equalization fund, other than interest accruing from foreign exchange equalization fund bonds, to or from such interest.[This Article Wholly Amended on Jan. 30, 2009]

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