These Regulations are enacted pursuant to Paragraph 2 of Article 15 of the Foreign Trade Act (hereafter referred to as the Act).

Regarding these regulations of the competent authority of the Ministry of Economic Affairs (MOEA), such affairs shall be implemented by the International Trade Administration, MOEA (hereafter referred to as TITA).

The term "licensing" as used herein means issuance of export permits by the TITA or any organization authorized by it. The term "exemption of licensing" as used herein means exemption of an export permit.

The term "a firm" as used herein means an exporter/importer duly registered with the TITA under the "Regulations Governing Registration of Exporters and Importers".