CRIMINAL ACT (PART II INDIVIDUAL PROVISIONS) [See entire ACT]

CHAPTER XVIII CRIMES CONCERNING CURRENCY

Article 207 (Crimes of Counterfeiting Currency)

(1) A person who, for the purpose of uttering, counterfeits or alters a current coin, paper money, or bank note of the Republic of Korea shall be punished by imprisonment for life or at least two years.
(2) A person who, for the purpose of uttering, counterfeits or alters a foreign coin, paper money or bank note which is current in this country shall be punished by limited imprisonment for at least one year.
(3) A person who, for the purpose of uttering, counterfeits or alters a foreign coin, paper money or bank note which is current in a foreign country shall be punished by imprisonment for not more than ten years.
(4) A person who utters a counterfeited or altered currency as referred to in the preceding three paragraphs, or who, for the purpose of uttering, imports or exports same shall be punished by penalty as prescribed against each crime of counterfeit or alteration.

Article 208 (Acquisition of Counterfeited Currency)

A person who, for the purpose of uttering, acquires counterfeited or altered currency specified in Article 207 shall be punished by imprisonment for not more than five years or a fine exceeding fifteen million won.

Article 209 (Concurrent Imposition of Suspension of Qualifications or of Fine)

When a person is punished by limited imprisonment for the violations of Article 207 or 208, suspension of qualifications for not more than ten years or a fine not exceeding twenty million won may be concurrently imposed.

Article 210 (Circulation of Currency known to be Counterfeited)

A person who, after obtaining the currency specified in Article 207, utters the same, knowing it to be counterfeited or altered, shall be punished by imprisonment for not more than two years or by a fine not exceeding five million won.

Article 211 (Manufacture of Articles Similar to Currency)

(1) A person who, for the purpose of sale, manufactures, imports, or exports articles similar to a coin, paper money, or bank note which is current or circulated in this country or abroad, shall be punished by imprisonment for not more than three years or by a fine not exceeding seven million won. (2) The preceding paragraph shall apply to a person who sells items specified in the preceding paragraph.

Article 212 (Attempts)

Attempts to commit the crimes specified in Articles 207, 208 and the preceding Article shall be punished.

Article 213 (Preparations, Conspiracies)

A person who makes preparation for or conspires with intent to commit the crimes under Article 207 (1) through (3), shall be punished by imprisonment for not more than five years: Provided, That punishment shall, be mitigated or remitted if self-denunciation is made before the commission of the intended crime.

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