Korean Law in English
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Foreign Investment Promotion Act — Article 31 (Delegation of Authority)

외국인투자 촉진법 제31조

This English translation is based on the Korean text effective 2023-12-14. The Korean law has since been amended (current version effective 2026-01-02) — check the Korean original.

The Minister of Trade, Industry and Energy, the competent Ministers, or the Mayors/Do Governors may, as prescribed by Presidential Decree, delegate or entrust part of his/her authority vested under this Act to the Commissioner of the National Tax Service, the Commissioner of the Korea Customs Service, the president of the Korea Trade-Investment Promotion Agency, the heads of management agencies of foreign investment zones, and the heads of any foreign investment-related agencies prescribed by Presidential Decree. <Amended on Mar. 23, 2013>[This Article Wholly Amended on Jan. 30, 2009]

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