(1) The Corporation shall report to the Minister of Employment and Labor matters concerning the execution of the promotion fund management plan and the management status of surplus funds within 30 days after the end of each quarter.
(2) The Minister of Employment and Labor may, if deemed necessary for enhancing the efficiency and public nature of the management of the Promotion Fund, establish guidelines for promotion fund management and have the Corporation comply with these guidelines.

(1) A fund corporation shall report to the head of the competent local employment and labor office its operating status and final accounts for the relevant year, its business plan for the following year (including its projected balance sheet and income statement) and the matters determined by the Minister of Employment and Labor within three months after the end of each fiscal year pursuant to Article 93 (1) 3 of the Act.
(2) The head of the competent local employment and labor office who
receives a report on the operating status, etc. of the fund corporation under paragraph (1) shall report the contents to the Minister of Employment and Labor no later than the tenth of the month following the end of each quarter.

(1) The demand for reporting or for submission of materials under Article 93 (1) or (2) of the Act shall be made in writing.
(2) If a corrective order or an order has been issued pursuant to Article 93 (1) or (2) of the Act, the Minister of Employment and Labor shall give a period prescribed by the Ordinance of the Ministry of Employment and Labor, and may extend the period once if there is an inevitable reason.

(1) The Minister of Employment and Labor shall delegate the authority specified in any of the following subparagraphs to the heads of local employment and labor offices pursuant to Article 94 of the Act：
1. Deleted.
2. Acceptance of a report specified in the latter part of the Article 47 (1) of the Act；
3. Authorization of the establishment of a fund corporation and authorization of the amendment of the articles of incorporation under Article 52 (4) and Article 53 of the Act；
4. Order of correction under Article 69 of the Act；
5. Demand for a report concerning the business, accounting and assets of a fund corporation, examination of books, documents, etc., and order of correction under Article 93 (1) 3 of the Act；
6. Demand for a report from an employer and association, issuance of an order, and investigation or examination of books, documents, etc, under Article 93 (2) of the Act；
7. Imposition and collection of fines for negligence under Article 99 of the Act (Provided that this shall not apply to the imposition and collection of fines for negligence with regard to institutions engaging in loan services, trustees prescribed in Article 43 of the Act, and recipients of subsidies or loans.)；
8. Receipt of a notification of a preparatory committee on the establishment of an association under Article 8 (4) and issuance of a letter of confirmation under Article 8 (5)；
9. Acceptance of a report on changes to the total amount of basic assets under Article 35 (2)；
10. Receipt of a notification of the dissolution of a fund corporation under Article 52；and
11. Receipt of a list of remaining assets submitted under Article 54.
(2) The Minister of Employment and Labor shall entrust the duties specified in any of the following subparagraphs to the Korea Workers’ Compensation and Welfare Service pursuant to Article 94 (2) of the Act：
1. Provision of livelihood stability funds under Article 19 of the Act；
2. Provision of scholarships or loans for school expenses under Article 20 of the Act；
3. Support for employers’ costs under Article 28 (4) of the Act；and
4. Support for the costs of using private welfare facilities under Article 31 of the Act.
(3) The Minister of Employment and Labor shall entrust the Minister of Health and Welfare with the duties of requesting relevant agencies and organizations to provide necessary materials pursuant to Article 10 (1) of the Act in relation to the provision of livelihood stability funds under Article 19 of the Act and support for credit guarantees under Article 22 of the Act.

If subsidies or loans provided by the State or a local government are returned pursuant to Article 95 of the Act, the procedure therefor shall follow the examples of a return of subsidies under the Subsidy Management Act.

The Minister of Employment and Labor (including persons entrusted with any affairs of the Minister of Employment and Labor in accordance with Article 65 (2) and (3)), the Welfare Service, the associations, entities in which employee stocks are deposited in Article 43 (1) of the Act, fund corporations, or common fund corporations may, if inevitable for performing the following affairs, manage information containing health data under Article 23 of the Personal Information Protection Act and resident registration numbers or alien registration numbers under subparagraph 1 or 4 of Article 19 of the Enforcement Decree of the same Act:

1. Affairs concerning support under Article 19 of the Act such as loans for living stabilization fund;

2. Affairs concerning credit guarantee under Article 22 of the Act;

3. Affairs concerning management of employee stock ownership association funds under Article 36 (2) of the Act;

4. Affairs concerning the management of the accounts of members of employee stock ownership associations under Article 37 of the Act;

5. Affairs concerning the preferential allocation to the members of employee stock ownership association under Article 38 of the Act;

6. Affairs concerning the granting of employee stock options under Article 39 of the Act;

7. Affairs concerning the deposit, etc. of employee stocks under Article 43 of the Act;

8. Affairs concerning the withdrawal, etc. of employee stocks under Article 44 of the Act;

9. Affairs concerning the exercise of voting rights at a general meeting of stockholders based on the ownership of employee stocks under Article 46 of the Act;

10. Affairs concerning the business activities under Article 62 of the Act (including cases to which the relevant provisions of the Act shall apply mutatis mutandis in accordance with Article 86-11 of the Act);

11. Affairs concerning the use of the Labor Welfare Promotion Fund under Article 91 of the Act;

12. Affairs concerning guidance, supervision, etc. under Article 93 of the Act (including cases to which the relevant provisions of the Act shall apply mutatis mutandis in accordance with Article 86-11 of the Act).

[This Article Newly Inserted on Jan. 6, 2012]

(1) The Minister of Employment and Labor shall examine the appropriateness of the following matters every three years, counting from each base date specified in the following subparagraphs (referring to the period that ends on the day before every third anniversary from the base date) and shall take measures, such as making improvements:

1. Content of the bylaws; the holding of general meetings; the composition and operation of the employee stock operation committee; and the exercise of voting rights of the association under Articles 11 through 13, and 28: January 1, 2017;

2. Use of the association fund, the allocation of employee stocks by the association under Articles 17, 19, and 23: January 1, 2017;

3. Trust institutions, the furnishing of deposited employee stocks as collateral and the preferential purchase of withdrawn employee stocks under Articles 22, 24, and 26: January 1, 2017;

4. Application for authorization to incorporate an intra-company labor welfare fund corporation under Article 30: January 1, 2017;

5. Deleted;

6. Application for authorization to amend the articles of incorporation under Article 38: January 1, 2017;

7. Election of employee members under Article 39: January 1, 2017;

8. Deleted.

(2) The Minister of Employment and Labor shall examine the appropriateness of the following matters every third anniversary from the following base dates (referring to the period ending the day before the third anniversary from the base date) and shall take measures, such as making improvements:

1. Institutions providing loan services for labor welfare business under Article 3: January 1, 2016;

2. Eligibility for members of an employee stock ownership association under Article 10: January 1, 2016.

[This Article Newly Inserted on Dec. 9, 2014]