ENGLISH

- A person who has filed a notification for his/her beauty arts business shall, if he/she closes the said business, report thereon to the head of a Si/Gun/Gu within 20 days from the date on which he/she closes his/her beauty arts business (Main provision of Article 3(2) of the Public Health Control Act and Subparagraph 1 of Article 3(3) of the Enforcement Regulations of the Public Health Control Act).

- If a person who wishes to report closure as provided above along with filing a report on closure pursuant to Article 8(8) of the Value-Added Tax Act, he/she shall also submit a report on closure as provided in Form 9 of the Enforcement Regulations of the Value-Added Tax Act annexed (First provision of Article 3-3(2) of the Enforcement Regulations of the Public Health Control Act).

- In addition, if the head of a competent tax office receives a report on closure pursuant to Article 13(5) of the Enforcement Decree of the Value-Added Tax Act and sends it to the head of Si/Gun/Gu, the report on closure shall be deemed to have been submitted. (Article 3-3(3) of the Enforcement Regulations of the Public Health Control Act).

- Where an entrepreneur whose business has been registered closes his/her business, the entrepreneur shall promptly file a report on business closure stating the following, with the head of a tax office or the head of any other tax office chosen at the convenience of the reporting person (Main provision of Article 8(8) of the Value-Added Tax Act and Article 13(1) of the Enforcement Decree of the Value-Added Tax Act).

- Areport on business closure filed shall be accompanied by a business registration certificate (referring toa copy of a x-document attesting that the business closure report is filed)(Article 13 (2) of the Enforcement Decree of the Value-Added Tax Act).

- If anentrepreneur who has registered his/her business submits the final return ofvalue-added tax, stating the date of business closure and the grounds therefore,along with his/her business registrationcertificate, he/she shall be deemed to file a report on business closure(Article 13 (3) of the Enforcement Decree of the Value-Added Tax Act andAppendix Format No. 21 of the Enforcement Regulations of the Value-Added TaxAct).

- When a beauty arts business operator closes his/her business as an employer of automatically covered workplace, the said beauty arts business operator shall submit to the National Pension Service a report on withdrawal of his/her business and documents to prove such withdrawal by the 15th of the month following the month where the reasons for the closure arose (Article 21(1) of the National Pension Act and Article 4 and Article 6 of the Enforcement Regulations of the National Pension Act)

- Where a business is to be closed, the beauty arts business operator concerned shall submit a report on withdrawal of workplace (including electronic documents) accompanied by documents that proves such withdrawal (including electronic documents) to the National Health Insurance Service within 14 days from the date of closure (Article 7(2) of the National Health Insurance Act and Subparagraph 1 of Article 3(3) of the Enforcement Regulations of the National Health Insurance Act).

- The insurance relationships for employment insurance and industrial accident compensation insurance shall be terminated on the day following the date the relevant beauty salon has been discontinued or terminated (Subparagraph 1 of Article 10 of the Act on the Collection of Insurance Premiums, etc. for Employment Insurance and Industrial Accident Compensation Insurance).

- If an insurance relationship has been terminated due to discontinuance, termination, etc. of a beauty arts business, the concerned beauty arts business operator shall report the termination of an insurance relationship to COMWEL within 14 days from the date the insurance relationship is terminated (main provision of Article 11(1) of the Act on the Collection of Insurance Premiums, etc. for Employment Insurance and Industrial Accident Compensation Insurance, and Article 7(3) of the Enforcement Regulations of the Act on the Collection of Insurance Premiums, etc. for Employment Insurance and Industrial Accident Compensation Insurance).