These Regulations are enacted pursuant to Article 66 of the Civil Associations Act and Article 72 of the Commercial Group Act.

Industrial and commercial groups mentioned herein refer to industrial groups and mining groups established in accordance with industrial group act, commercial groups and groups of export trades established in accordance with commercial group act.

The financial year of industrial and commercial groups is as per the calendar year, namely from January 1st to December 31st.

The financial treatment of industrial and commercial groups adopts cash basis at ordinary times and the year-end financial treatment adopts accrual basis.