Framework Act on Cooperatives. Country/Territory Korea, Republic of Document type Legislation Date 2012 (2016) Source FAO, FAOLEX Subject Agricultural & rural development Keyword Basic legislation Cooperative/producer organization Agricultural development Registration Business/industry/corporations Inspection Offences/penalties Geographical area Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Abstract The purpose of this Act is to facilitate independent, self-supportive, and autonomous activities of cooperatives, thereby contributing to social integration and balanced development of the national economy by providing for basic matters regarding the establishment and operation of cooperatives. In particular, the Act makes provisions for the registration and organization of cooperative societies, defines their powers, privileges and duties and provides for their internal organization, management and finances, and provides for other matters relating to the functioning of cooperative societies and cooperative development.The text consists of 119 articles. Full text English Website www.klri.re.kr References - Legislation Implemented by Enforcement Decree of the Framework Act on Cooperatives. Legislation | Korea, Republic of | 2014 (2016) Keyword: Cooperative/producer organization, Institution, Certification, Data collection/reporting, Credit Source: FAO, FAOLEX Enforcement Rule of the Framework Act on Cooperatives. Legislation | Korea, Republic of | 2012 Keyword: Cooperative/producer organization, Agricultural development, Institution, Data collection/reporting, Authorization/permit, Cultural heritage Source: FAO, FAOLEX