SEOUL METROPOLITAN GOVERNMENT ORDINANCE ON THE ESTABLISHMENT AND OPERATION OF THE SEOUL BUSINESS AGENCY, THE INCORPORATED FOUNDATION
- Enactment No. 3456, Jan. 15, 1998
- Partial Amendment No. 4270, Mar. 17, 2005
- Partial Amendment No. 4410, Jul. 19, 2006
- Partial Amendment No. 5419, Dec. 31, 2012
- Partial Amendment No. 5675, Mar. 20, 2014
- Amendment of Other Laws No. 6386, Jan. 05, 2017
- Partial Amendment No. 6643, Sep. 21, 2017
- Partial Amendment No. 6966, Jan. 03, 2019
- Partial Amendment No. 7233, Jul. 18, 2019
Article 1 (Purpose)
The purpose of this Ordinance is to prescribe matters necessary for the establishment and operation of the Seoul Business Agency, an incorporated foundation, (hereinafter referred to as the "Foundation") of the Seoul Metropolitan Government, to promote the industries in Seoul Metropolitan City and comprehensively and systematically fostering small and medium enterprises pursuant to the Small and Medium Enterprises Promotion Act, the Enforcement Decree of the same Act, the Local Autonomy Act, and the Civil Act. <Amended by Ordinance No. 6643, Sep. 21, 2017>
Article 2 (Definitions)
The terms used in this Article shall be defined as follows:
Article 3 (Scope of Application)
Except as provided in the Civil Act or any other statutes or regulations regarding the establishment, operation etc. of an incorporated foundation, this Ordinance shall apply to the establishment and operation of the Seoul Business Agency established as an incorporated foundation of the Seoul Metropolitan Government (hereinafter referred to as the "Foundation").
Article 4 (Establishment)
The Foundation shall be established as an incorporated foundation under the Civil Act. <Amended by Ordinance No. 6386, Jan. 5, 2017>
Article 5 (Business of Foundation)
The Foundation shall conduct the following business affairs to promote the industry and to foster and support small and medium enterprises: <Amended by Ordinance No. 6643, Sep. 21, 2017>
Article 6 (Articles of Association)
(1) The Foundation's articles of association shall contain the following matters:
Article 7 (Executives Officers)
(1) The Foundation shall have not more than 15 directors including one chairperson and one representative director and two auditors: Provided, That any gender shall not exceed 60/100 of the number of the board members. <Amended by Ordinance No. 6643, Sep. 21, 2017>
Article 8 (Board of Directors)
(1) The board of directors shall be established to deliberate and resolve on important matters concerning conducting affairs of the Foundation.
Article 9 (Representative Director and Auditors)
(1) The representative director shall represent the Foundation and shall administer all business affairs of the Foundation. <Amended by Ordinance No. 5675, Mar. 20, 2014>
Article 10 (Employees)
The representative director shall appoint and dismiss employees of the Foundation as prescribed by the articles of association.
Article 11 (Fund)
A fund may be established in the Foundation to appropriate necessary money for the establishment, operation and business of the Foundation.
Article 12 (Contributions)
(1) The Seoul Metropolitan Government may grant contributions to the Foundation, within the budget, or may contribute its property to the Foundation, to appropriate for expenses incurred in establishing the Foundation, installing and operating facilities, and conducting business affairs.
Article 13 (Operating Funds)
Funds necessary for facilities, operation, and business affairs of the Foundation shall be appropriated with contributions of the Seoul Metropolitan Government, interest income from the management of funds, revenue from entrusted projects, revenue from business affairs of the Foundation, and other revenues. <Amended by Ordinance No. 6386, Jan. 5, 2017>
Article 14 (Business Year)
The business year of the Foundation shall coincide with the fiscal year of general accounts of the Seoul Metropolitan Government. <Amended by Ordinance No. 4270, Mar. 17, 2005; Ordinance No. 6386, Jan. 5, 2017>
Article 15 (Submission of Business Plan)
The Foundation shall prepare a business plan and budget of each business year as prescribed by rule of the Seoul Metropolitan Government; and shall obtain approval from the Mayor. The same shall also apply where it intends to revise them.
Article 16 (Submission of Statement of Accounts)
The Foundation shall prepare a statement of accounts of revenue and expenditure of each business year, have the statement of accounts audited by a certified public accountant designated by the Mayor; and shall submit it to the Mayor not later than the end of March of the following year.
Article 17 (Entrustment of Tasks)
(1) If the Mayor deems necessary for effectively supporting small and medium enterprises, he or she may entrust the Foundation with all or some tasks for supporting small and medium enterprises.
Article 18 (Reporting and Inspection)
If necessary, the Mayor may require the Foundation to report the status of its management and other necessary matters; or may authorize public officials of the Seoul Metropolitan Government to check and inspect business operations of the Foundation. <Amended by Ordinance No. 6386, Jan. 5, 2017>
Article 18-2 (Management Performance Evaluation)
(1) When the Mayor deems necessary, he or she may evaluate management performance of the Foundation.
Article 19 (Dispatch of Public Officials)
The Mayor may dispatch public officials to the Foundation as prescribed by the related statutes or regulations to achieve the objectives for which the Foundation was established.
Article 20 (Rules)
Matters necessary for the enforcement of this Ordinance shall be prescribed by rule of the Seoul Metropolitan Government.
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