「CONSTITUTION OF THE REPUBLIC OF KOREA」
(3) The State shall protect and foster small and medium enterprises.
(4) In order to protect the interests of farmers and fishermen, the State shall endeavor to
stabilize the prices of agricultural and fishery products by maintaining an equilibrium
between the demand and supply of such products and improving their marketing and
distribution systems.
(5) The State shall foster organizations founded on the spirit of self-help among farmers,
fishers and business persons engaged in small and medium industry and shall guarantee
their independent activities and development.
Article 124 The State shall guarantee the consumer protection movement intended to
encourage sound consumption activities and improvement in the quality of products under
the conditions as prescribed by Act.
Article 125 The State shall foster foreign trade, and may regulate and coordinate it.
Article 126 Private enterprises shall not be nationalized nor transferred to ownership by a
local government, nor shall their management be controlled or administered by the State,
except in cases as prescribed by Act to meet urgent necessities of national defense or the
national economy.
Article 127 (1) The State shall strive to develop the national economy by developing science
and technology, information and human resources and encouraging innovation.
(2) The State shall establish a system of national standards.
(3) The President may establish advisory organizations necessary to achieve the purpose
referred to in paragraph (1).
CHAPTER X AMENDMENTS TO THE CONSTITUTION
Article 128 (1) A proposal to amend the Constitution shall be introduced either by a majority
of the total members of the National Assembly or by the President.
(2) Amendments to the Constitution for the extension of the term of office of the President
or for a change allowing for the reelection of the President shall not be effective for the
President in office at the time of the proposal for such amendments to the Constitution.
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