Article 47 (Support for Employment Training) (1) Pursuant to Article 29 (2) of the Act, the Minister of Employment and Labor may provide employment training to unemployed people deemed to need vocational skills development training to start up business or be employed: <Amended by Presidential Decree No. 22269, Jul. 12, 2010; Presidential Decree No. 23139, Sep. 15, 2011; and Presidential Decree No. 25022, Dec. 24, 2013>
1. Deleted. <Presidential Decree No. 25022, Dec. 24, 2013>
2. Deleted. <Presidential Decree No. 25022, Dec. 24, 2013>
3. Deleted. <Presidential Decree No. 25022, Dec. 24, 2013>
4. Deleted. <Presidential Decree No. 25022, Dec. 24, 2013>
(2)The expenses incurred for the employment training referred to in paragraph (1) may be paid either to the person who receives the training or the institution which provides the training: Provided, That if the person who receives the training has settled the training expenses using a credit card prescribed in Article 2 of the Specialized Financial Credit Business Act, as determined by the Minister of Employment and Labor, and the credit card business which issued the credit card has paid the training expenses to the training institution, the Minister of Employment and Labor may pay the training expenses to the credit card business on behalf of the person who receives the training. <Amended by Presidential Decree No. 21152, Dec. 3, 2008 and Presidential Decree No. 22269, Jul. 12, 2010>
(3) If an unemployed person who receives the employment training referred to in paragraph (1) is not eligible to receive job-seeking benefits under Article 43 (1) of the Act, the Minister of Employment and Labor may provide training allowances. <Amended by Presidential Decree No. 22269, Jul. 12, 2010; Presidential Decree No. 23139, Sep. 15, 2011; and Presidential Decree No. 25022, Dec. 24, 2013>
(4) The Minister of Employment and Labor may make a loan for all or part of training expenses to an unemployed person who was once an insured person and receives the employment training referred to in paragraph (1). <Amended by Presidential Decree No. 22269, Jul. 12, 2010 Presidential Decree No. 23139, Sep. 15, 2011; and Presidential Decree No. 25022, Dec. 24, 2013>
(5) Matters concerning the selection of those eligible for the loans under paragraph (4), loan procedures, and the frequency of loans, and other necessary matters shall be prescribed by the Ordinance of the Ministry of Employment and Labor. <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
(6) Institutions conducting employment training under paragraph (1) and other necessary matters concerning the implementation of employment training shall be prescribed by the Ordinance of the Ministry of Employment and Labor. <Amended by Presidential Decree No. 22269, Jul. 12, 2010 and Presidential Decree No. 23139, Sep. 15, 2011>
<Title of This Article Amended by Presidential Decree No. 23139, Sep. 15, 2011>
Article 47-2(Provision of Loans for Living Costs During Vocational Skills Development Training) (1)“A low-income insured person, etc., prescribed by the Presidential Decree” in Article 29 (3) of the Act refers to a person falling under any of the following subparagraphs: <Amended by Presidential Decree No. 22269, Jul. 12, 2010 and Presidential Decree No. 25022, Dec. 24, 2013>
1.An insured person who falls under any subparagraph of Article 41 (3) and meets the selection criteria determined and announced by the Minister of Employment and Labor after taking into consideration the income level, previous loan record, etc.;
2.A person (excluding a person who receives unemployment benefits pursuant to Article 4 of the Act) who was an insured person out of employment when applying for loans for living costs pursuant to Article 29 (3) of the Act and meets the selection criteria determined and announced by the Minister of Employment and Labor after taking into consideration the income level of the spouse, relations with lineal descendents and ascendents, previous loan record, etc.; and
3.An insured person under subparagraph 1 B of Article 2 of the Act who meets the selection criteria determined and announced by the Minister of Employment and Labor after taking into consideration the income level, previous loan record, etc.
(2) Loans for the living costs referred to in Article 29 (3) of the Act may be provided within the limits of available budgets.
(3) With regard to a person who applies for loans for living costs as he/she receives vocational skills development training, the Minister of Employment and Labor shall decide whether or not to provide loans after finding out if he/she is a person eligible for such loans under paragraph (1). <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
(4) Matters concerning the procedures for the loan application and decision referred to in paragraph (3), matters concerning the cancelation of loan decisions, the loan amount and repayment method and other necessary matters for the operation of the loan system shall be determined and announced by the Minister of Employment and Labor. <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
<This Article Newly Inserted by Presidential Decree No. 21348, Mar. 12, 2009>
Article 48 (Loans for Expenses of Vocational Skills Development Training Facilities, etc.) (1) The Minister of Employment and Labor may provide loans, within the limit of the budgets, for the expenses required to set up vocational skills development training facilities and purchase equipment, to an employer, an employers' organization or a workers' organization that provides or intends to provide vocational skills development training pursuant to Article 30 of the Act, a vocational skills development training corporation which is established with the permission of the Minister of Employment and Labor pursuant to Article 32 of the Workers Vocational Skills Development Act, and a person who installs and operates a vocational skills development training facility designated pursuant to subparagraph 3 B of Article 2 of the Workers Vocational Skills Development Act. <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
(2) The loan conditions, such as interest rates, loan periods, etc., for the loans under paragraph (1) shall be determined by the Minister of Employment and Labor in consultation with the Minister of Strategic Planning and Finance. In such cases, the interest rate may be set differently for employers of preferentially supported enterprises or employers' organizations to which the enterprises belong and employers or employers' organizations that conduct or intend to conduct the vocational skills development program under Article 52 (1) 6 . <Amended, implemented by Presidential Decree No. 20681, Feb. 29. 2008 and Presidential Decree No. 22269, Jul. 12, 2010>
(3) Necessary matters concerning the maximum loans for the expenses under paragraph (1), loan procedures, etc., shall be prescribed by the Ordinance of the Ministry of Employment and Labor. <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
Article 49 (Support for Vocational Skills Development Training Facilities, etc.)(1) If an employer, an employers' organization or a confederation of such organizations alone or jointly installs vocational skills development training facilities or purchase vocational skills development training equipment to conduct training in the types of occupations announced by the Minister of Employment and Labor, including the preferentially selected types of occupations under Article 53 (2), or a public organization which installed public vocational training facilities pursuant to subparagraph 3 A of Article 2 of the Workers Vocational Skills Development Act renovates or repairs decrepit facilities or purchase equipment, the Minister of Employment and Labor may support part of the expenses for installing the facilities and purchasing the equipment within the limit of the budgets pursuant to Article 30 of the Act. In such cases, <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
(2) Necessary matters concerning the maximum amount of support for expenses under paragraph (1) and procedures for support shall be prescribed by the Ordinance of the Ministry of Employment and Labor. <Amended by Presidential Decree No. 22269, Jul. 12, 2010>
Article 50 Deleted. <Presidential Decree No. 20775, Apr. 30, 2008>