Enforcement Decree of the Foreign Trade Act.

The purpose of this Decree is to provide for the matters delegated by the Foreign Trade Act and the necessary matters for the enforcement thereof.
A center for support of overseas expansion under Article 8 (4) of the Act shall be comprised of executive officers and employees of the Korea Trade-Investment Promotion Agency and persons dispatched under paragraph (3). Anyone who intends to import goods, etc. subject to approval for importation referred to in Article 11 (2) of the Act as materials or equipment for foreign exchange earnings in accordance with the main sentence of Article 16 (1) of the Act, shall obtain approval from the Minister of Trade, Industry and Energy. The Decree further makes provisions, inter alia, for: establishment of implementation plans for promotion of international commerce, restrictions on exportation and importation, guidelines for export permission and situational permission, export contracts between governments, etc.