Article 1(Purpose) #
The purpose of this Decree is to prescribe matters mandated by the Hyanggyo Property Act and matters necessary for the enforcement thereof.
Article 2(Procedures for application for permission) #
Where an incorporated foundation under Article 3 (1) of the Hyanggyo Property Act (hereinafter referred to as the "Act") (hereinafter referred to as the "Hyanggyo Foundation") intends to obtain permission under Article 8 (1) of the Act, it shall file an application with the Special Metropolitan City Mayor, a Metropolitan City Mayor, a Do Governor, or a Special Self-Governing Province Governor as follows:
1. In the case of property disposal under Article 8 (1) 1 of the Act:
(a) Indication of property (whether it is movable or immovable property, its location, name, quantity, origin, etc.);
(b) Grounds for disposal;
(c) The other party to the disposal;
(d) Amount of income from disposal and use thereof;
(e) Current status of disposal property;
2. In the case of property security under Article 8 (1) 1 of the Act:
(a) Indication of property (whether it is movable or immovable property, its location, name, quantity, origin, etc.);
(b) Grounds for providing security;
(c) Creditors;
(d) Amount of debt and its purpose, interest rate, and repayment method;
3. In the case of borrowing under Article 8 (1) 2 of the Act:
(a) Amount of borrowing and its purpose;
(b) Grounds for borrowing;
(c) Method of borrowing (presence or absence of security and period thereof);
(d) Interest rate and repayment method;
(e) The other party to the borrowing;
4. In the case of debt guarantee under Article 8 (1) 2 of the Act:
(a) Amount of guaranteed debt;
(b) Grounds for guarantee;
(c) Type of guarantee;
(d) Debtors and creditors;
(e) Purpose, interest rate, and repayment method of guaranteed debt;
5. In the case of subparagraphs 3 and 5 of Article 8 (1) of the Act:
(a) Indication of buildings or land (in case of a building, its location, name, structure, floor area, and origin; in case of land, its location, land number, land type, area, and origin);
(b) Grounds and purpose for abolition or change of use (in case of using it for any purpose other than the purpose of Hyanggyo Foundation, the users and the terms and conditions of use for the other purposes shall be clearly stated);
(c) Scheduled date of abolition or change of purpose of use;
6. In case of making changes pursuant to Article 8 (1) 4 of the Act:
(a) Indication of property (in case of a building, its location, name, structure, floor area and origin; in case of land, its location, address, land use, land register and origin);
(b) Grounds for change;
(c) Scheduled date of change;
(d) Floor plan and site plan of the existing buildings or land, and the proposed modification plan.
Article 3(Prohibition of seizure of Hyanggyo buildings) #
Hyanggyo buildings and site owned by Hyanggyo Foundation which cannot be seized under Article 10 of the Act shall be as follows:
1. Hyanggyo buildings:
Daeseongjeon (Great Accomplishment Hall)
Myeongnyundang (Myeongnyundang)
East and West〔별표·서식 이미지 — 상단 '원문 보기'에서 확인〕</img> )
Dongseojae (East and West Hall)
Bonghwaru (Phoenix Tower)
Warehouse
2. Site:
The site inside Munmyodanjang;
Article 4(Establishment and supervision of Hyanggyo Foundation) #
Matters not stipulated in this Decree regarding the establishment and supervision of Hyanggyo Foundation shall be governed by the statutes and regulations on the establishment and supervision of incorporated foundations among non-profit corporations under the jurisdiction of the Ministry of Culture, Sports and Tourism. <Amended on Feb. 29, 2008>