(1) Reasons for Proposal

In accordance with the enactment of the Animation Business Promotion Act (Dec. 3, 2019), as a follow-up measure, this proposal aims to enact the Enforcement Decree to the Act for its enforcement (June 4, 2020).

(2) Major Provisions

A. Criteria for Recognition as Co-produced Animation (Article 3 / newly inserted / no costs)

- Prescribe investment criteria according to nationality of producers participating in co-produced animation.

B. Criteria for Designation and Cancellation of Animation Personnel Training Institutions (Article 6 / newly inserted / no costs)

- Provide institutions subject to designation as animation personnel training institutions and requirements for designation and cancellation of such institutions.

C. Scope of Telecommunications Business Operators with Obligation to Prohibit Unfair Trade Practices (Article 7 / newly inserted / no costs)

- Prescribe the scope of key and/or additional telecommunications business operators with obligation to prohibit unfair trade practices

D. Reporting Closure by Animation Business Operators (Article 13 / newly inserted / no costs)

- Prescribe that in case of closure of an animation business operator, such closure shall be reported within 7 days from the date of closure.