(1) Any of the following persons shall be subject to an administrative fine of not more than 10 million won: <Amended on Jan. 27, 2016; Feb. 4, 2020>
1. A person who acquires existing stocks, etc. under Article 2 (1) 4 (a) (ii) without reporting thereon, in violation of Article 5 (1);
2. A person who fails to create employment or make an investment within the period prescribed under Article 13 (2) 1 or 2 after concluding a negotiated contract under Article 13 (1) or 13-3 (1);
3. A person who fails to meet the minimum foreign investment ratio referred to in the main clause of Article 13 (2) or the main clause of Article 13-3 (2) or to maintain the minimum foreign investment ratio for a period prescribed by Presidential Decree (excluding foreign-invested companies in a foreign investment zone designated under Article 18 (1));
4. A person who transfers or lends the registration certificate of a foreign-invested company to a third person, in violation of Article 21 (6);
5. A person who fails to undergo an investigation conducted under Article 28 (2), or refuses, interferes with, or evades such investigation.
(2) Administrative fines referred to in paragraph (1) shall be imposed and collected by the Minister of Trade, Industry and Energy, as prescribed by Presidential Decree. <Amended on Mar. 23, 2013>[This Article Wholly Amended on Jan. 30, 2009]