The purpose of this Act is to enable the Korea Gas Corporation to contribute to promoting convenience in the lives of citizens and improving public welfare by incorporating the Korea Gas Corporation and by laying the groundwork for the stable long-term supply of gas. Article 2 establishes that the Korea Gas Corporation shall be a body corporate. In order to achieve the purpose provided for in article 1, the Corporation shall conduct, inter alia, the following activities: 1) Manufacture and supply of urban gas under subparagraph 1 of article 2 of the Urban Gas Business Act and the refinement and sale of by-products thereof; 2) Construction and operation of natural gas (including liquefied natural gas) receiving terminals and supply networks; 3) Development, exportation and importation of natural gas; 4) Development, exportation and importation of liquefied petroleum gas; 5) Research and technical development on relevant activities. The text consists of 20 articles.
Republic of Korea · 1986-05-12