CHAPTER I GENERAL PROVISIONS
Article 1(Purpose) #
The purpose of this Act is to prescribe matters necessary for the promotion and sophistication of ppuri industries to lay the groundwork for the development of, and to improve the competitiveness of, the ppuri industries, thereby contributing to the sustainable development of national economy and the improvement of citizen's quality of life.
Article 2(Definitions) #
The terms used in this Act are as follows: <Amended on Jan. 21, 2014; Jun. 15, 2021>
1. The term "ppuri technology" means technology prescribed by Presidential Decree, including underpinning processing technologies used across the manufacturing industry, such as casting, molds, metal forming, welding, surface treatment and heat treatment, and next-generation processing technologies key to the future growth of the manufacturing industry, such as injection, press, precise machining, robot and sensor;
2. The term "ppuri industry" means the types of business, prescribed by Presidential Decree, engaged in business through use of ppuri technology or manufacturing equipment used for ppuri technology;
3. The term "ppuri enterprise" means an enterprise that is engaged in the ppuri industry and that meets any of the following requirements:
a. Any small or medium enterprise under Article 2 of the Framework Act on Small and Medium Enterprises;
b. Any medium enterprise under subparagraph 1 of Article 2 of the Special Act on the Promotion of Growth and the Strengthening of Competitiveness of Middle-Standing Enterprises;
4. The term "specialized ppuri technology enterprise" means any enterprise that holds a core ppuri technology under Article 14(1) and is designated pursuant to Article 15(1);
5. Deleted; <Jan. 21, 2014>
6. The term "large enterprise" means any enterprise that is not a small or medium enterprise under Article 2 of the Framework Act on Small and Medium Enterprises nor a medium enterprise under subparagraph 1 of Article 2 of the Special Act on the Promotion of Growth and the Strengthening of Competitiveness of Middle-Standing Enterprises.