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Foreign Investment Promotion Act — Article 35 (Penalty Provisions)

외국인투자 촉진법 제35조

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.

Any of the following persons (including a representative in cases of a company) shall be punished by imprisonment with labor for not more than one year or by a fine not exceeding 10 million won: <Amended on Apr. 5, 2010; Dec. 11, 2012; Jan. 27, 2016; Feb. 4, 2020>

1. A person who acquires stocks, etc. of a corporation running a defense industry company without permission, in violation of Article 6 (1);

2. A person who uses data received from the heads of relevant administrative agencies, etc. or confidential information he or she has become aware of in the course of performing duties for any purpose other than those prescribed by this Act, or divulges it to any third party, in violation of Article 15-2 (8);

3. A person who fails to take measures, such as a correction order issued under Article 28 (5).[This Article Wholly Amended on Jan. 30, 2009]

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