FRAMEWORK ACT ON THE PROMOTION OF HALLYU INDUSTRY

Article 1(Purpose) #

The purpose of this Act is to establish a foundation for the sustainable development of Hallyu (the Korean Wave) by prescribing matters necessary to support and foster the Hallyu industry and related industries, thereby contributing the enhancement of national competitiveness and the advancement of the national economy.

Article 2(Fundamental concepts) #

The fundamental concepts of this Act are to recognize the impact of Hallyu on enhancing the national brand value and promoting the development of global culture, to establish an ecosystem that enables the continuous growth of the Hallyu industry and related business (hereinafter referred to as "the Hallyu industry, etc."), and to ensure the harmonious realization of the principles of universality, openness, and diversity inherent in Hallyu.

Article 3(Definitions) #

The terms used in this Act are defined as follows:

1. The term "Hallyu" means the phenomenon in which Korean culture spreads widely abroad, leading to the consumption of cultural products or related goods;

2. The term "Hallyu industry" means the industry that produces, distributes, or provides related services to promote the widespread dissemination or consumption abroad of cultural products defined in subparagraph 2 of Article 2 of the Framework Act on the Promotion of Cultural Industries;

3. The term "Hallyu-related industry" means the industry that produces or distributes products related to Hallyu that are prescribed by Presidential Decree, or provides related services, so that such products are widely disseminated or consumed overseas;

4. The term "Hallyu business entity" means a person who engages in economic activities related to the Hallyu industry or Hallyu-related industry.

Article 4(Responsibilities of the State) #