ACT ON FACILITATION OF PURCHASE OF SMALL AND MEDIUM ENTERPRISE-MANUFACTURED PRODUCTS AND SUPPORT FOR DEVELOPMENT OF THEIR MARKETS

Article 1(Purpose) #

The purpose of this Act is to contribute to the enhancement of the competitiveness of small and medium enterprises and to the management stability thereof by facilitating the purchase of small and medium enterprise-manufactured products and supporting the development of markets therefor.

Article 2(Definitions) #

The terms used in this Act are defined as follows: <Amended on Jul. 25, 2011; Mar. 21, 2017; Dec. 29, 2020; Dec. 27, 2022>

1. The term "small and medium enterprise" means any of the following persons:

a. Small and medium enterprises defined in Article 2 of the Framework Act on Small and Medium Enterprises;

b. Small and medium enterprise cooperatives provided for in Article 3 of the Small and Medium Enterprise Cooperatives Act (hereinafter referred to as "cooperative");

2. The term "public institution" means any of the following institutions or corporations:

a. State agencies (referring to independent government bodies and central government agencies defined in Article 6 of the National Finance Act);

b. Local governments (referring to the Special Metropolitan City, a Metropolitan City, a Special Self-Governing City, a Do, a Special Self-Governing Province, or a Si/Gun/Gu referred to in Article 2 of the Local Autonomy Act);

c. Corporations established under Special Acts, which are prescribed by Presidential Decree;

d. Public institutions, falling under Article 5 of the Act on the Management of Public Institutions, which are prescribed by Presidential Decree;

e. Local government-invested public corporations and local government public corporations under the Local Public Enterprises Act;

f. Local medical centers under the Act on the Establishment and Management of Local Medical Centers;

g. Offices of Education of the Special Metropolitan City, Metropolitan Cities, Special Self-Governing Cities, Dos, and Special Self-Governing Provinces;

h. National and public educational institutions at various levels established under the Early Childhood Education Act, the Elementary and Secondary Education Act, the Higher Education Act, and the Act on Special Education for Persons with Disabilities;