CHAPTER I GENERAL PROVISIONS
Article 1(Purpose) #
The purpose of this Act is to create a framework for developing the defense industry and to strengthen its competitiveness with an aim to establish a framework for self-reliant national defense, and to contribute further to developing the national economy, by providing for matters necessary to develop and support the defense industry.
Article 2(Definitions) #
(1) The Definitions of terms used in this Act shall be as follows: <Amended on Jan. 19, 2024>
1. The term “defense industry materials, etc.” means materials falling under any of the following items:
(a) Any defense material defined in subparagraph 7 of Article 3 of the Defense Acquisition Program Act;
(b) Any weapons system defined in subparagraph 3 of Article 3 of the Defense Acquisition Program Act;
(c) Any strategic item requiring an export permit of the Minister of the Defense Acquisition Program Administration among the strategic items designated and publicly notified under Article 19 of the Foreign Trade Act;
(d) Any other materials designated and publicly notified by the Minister of the Defense Acquisition Program Administration to facilitate an investment in and to expand an export market for the defense industry;
2. The term "defense industry" means any industry involved in the research and development, or production (which includes manufacture, repair, fabrication, assembling, testing, maintenance, recycling, improvement, or renovation: hereinafter the same shall apply) of any defense material or similar material (hereinafter referred as “defense material or similar material”);
3. The term “defense industry entities, etc.” means entities falling under any of the following items:
(a) A defense contractor defined in subparagraph 9 of Article 3 of the Defense Acquisition Program Act;
(b) A general enterprise defined in subparagraph 9-2 of Article 3 of the Defense Acquisition Program Act;
4. The term “defense-related small and medium enterprise or venture business” means any enterprise operating in the defense industry, which is either a small and medium enterprise specified in Article 2 (1) of the Framework Act on Small and Medium Enterprises or a venture business defined in Article 2 of the Special Act on the Promotion of Venture Businesses;