(1) The Minister of Economy and Finance may have a party to a transaction or interested persons make a necessary report to secure effectiveness of this Act, and may have the residents holding claims against non-residents make a report on the status of such claim in possession as prescribed by Presidential Decree.
(2) The Minister of Economy and Finance may request the heads of relevant agencies to whom this Act is applicable, including the National Tax Service, the Bank of Korea, the Financial Supervisory Service, a foreign exchange agency, etc., to submit related data or information where it is deemed necessary for the enforcement of this Act. In such cases, the heads of relevant agencies shall comply with such requests unless there exists a special reason to the contrary. <Amended on Jan. 17, 2017>
(3) The Minister of Economy and Finance may have public officials under his or her control inspect business of a foreign exchange agency, etc. and any parties to transactions to which this Act applies or interested persons therein, if it is deemed necessary for the enforcement of this Act.
(4) The Minister of Economy and Finance may require a foreign exchange agency, etc. and any parties to transactions to which this Act applies or interested persons therein to submit data related to their business and assets, if it is deemed necessary for efficient inspections.
(5) If any illegal act is found as a result of an inspection under paragraph (3), the Minister of Economy and Finance may issue a corrective order, or may take other necessary measures prescribed by Presidential Decree. <Amended on Jun. 15, 2021>
(6) The Minister of Economy and Finance may, pursuant to Presidential Decree, entrust the Governor of the Bank of Korea, the Governor of the Financial Supervisory Service or other persons prescribed by Presidential Decree with such business provided for in paragraphs (3) through (5) and have any employees under their control conduct such business, if it is deemed necessary to do so.
(7) A person who performs inspections under paragraphs (3) through (6), shall carry a certificate indicating his or her authority, and produce it to relevant persons.[This Article Wholly Amended on Jan. 30, 2009]