Korean Law in English
Laws › Foreign Exchange Transactions Act › CHAPTER V SUPPLEMENTARY PROVISIONS

Foreign Exchange Transactions Act — Article 25 (Management of Administrative Affairs)

외국환거래법 제25조

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 Minister of Economy and Finance may determine procedures for the management of administrative affairs, payments or receipts, and other necessary matters, if it is deemed necessary for ensuring efficient operation and effectiveness of this Act.

(2) The Minister of Economy and Finance may designate one or more legal entity or organization which is related to or specializes in the foreign exchange affairs, as an institution to relay, concentrate, exchange or analyze data on foreign exchange transactions, payments or receipts.[This Article Wholly Amended on Jan. 30, 2009]

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