Mining Industry Act. Country/Territory Korea, Republic of Document type Legislation Date 1951 Source FAO, FAOLEX Subject Mineral resources Keyword Minerals Mining Exploration Concession Registration Internal trade 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 prescribe a basic framework for the mining industry to promote the development of national industries through the rational exploitation of mineral resources. The State has the authority to grant rights to extract and acquire untapped minerals. Full text English Website www.klri.re.kr