CHAPTER I GENERAL PROVISIONS
Article 1(Purpose) #
The purpose of this Act is to contribute to balanced development of the national economy by providing for basic matters of policies for facilitating sustainable growth and business stabilization of micro enterprises and for promoting the enhancement of their social and economic status and the stabilization of employment.
Article 2(Definitions) #
(1) The term "micro enterprise" in this Act means a person who meets all the following requirements, among small and medium enterprises defined in Article 2(2) of the Framework Act on Small and Medium Enterprises:
1. The number of full-time employees shall be less than 10 persons;
2. The number of full-time employees for each type of business, etc. shall meet the criteria prescribed by Presidential Decree.
(2) For the purpose of applying paragraph (1), if a person ceases to be a micro enterprise due to the upsizing of business or any other event, it shall be deemed a micro enterprise for three years from the year immediately after the year in which such event occurs; provided, the same shall not apply where a person ceases to be a micro enterprise due to a merger with an enterprise other than small enterprises or any other event specified by Presidential Decree.
Article 3(Responsibilities of government and local governments) #
(1) The Government shall establish and implement a comprehensive policy on micro enterprises for the protection and autonomous development of micro enterprises.
(2) Each local government shall establish and implement a policy on micro enterprises within its jurisdiction, in consideration of particular needs in its jurisdiction, according to the policy on micro enterprises under paragraph (1).
(3) The Government and local governments shall continuously and stably secure financial resources necessary for the protection and promotion of micro enterprises.
(4) The Government and local governments shall endeavor to raise the effect of support for micro enterprises though mutual cooperation and coordination of policies on micro enterprises.