REGULATIONS ON THE NAMING OF FOREIGN-INVESTED
Adopted by Decision No. 21 of the Cabinet on March 13, 1999
Article 1. These regulations are formulated to establish order
in naming foreign-invested enterprises incorporated in the territory of the
Article 2. Names of foreign-invested enterprises shall include
that of a joint venture, equity or contractual, as well as that of a wholly
A resident representative office of a foreign enterprise (hereinafter called
the resident representative office) may also be named in accordance with these
Article 3. The approval of the naming of foreign-invested enterprises
shall be undertaken by the body that screens the establishment of the enterprises
(hereinafter called the screening body).
Article 4. Any foreign-invested enterprise shall be entitled
to only one name.
Where a foreign-invested enterprise is engaged in two or more different business
activities, it may possess two names, subject to the approval of the screening
body. But it, by no means, signifies recognition of two different enterprises.
Article 5. The name of a foreign-invested enterprise shall
include the following:
1. Trade name indicative of either the name of the investor or the name of a
2. Principal content of business activities/line of business
3. Type of business, and
4. Limit of liability of the enterprise.
Article 6. Any resident representative office shall be named
by prefixing the name of the patent company to its trade name.
Article 7. The name of a foreign-invested enterprise shall
be expressed in Korean language.
Where the name of a foreign-invested enterprise is to be given in a foreign
language, it shall be so expressed as to be equivalent to the Korean version
Article 8. Any foreign-invested enterprise shall be prohibited
from possessing any such names as:
That may undermine the sound life-style of the State and society,
That may overlap or be confused with that of any another enterprise,
That is made up with numerals,
That is apt to deceive or mislead the public opinion,
That is identical with that of another country or region,
That is identical with that of any political or military organization or any
international agency, or
That is identical with that of any enterprise whose business registration was
cancelled only less than a year ago.
Article 9. The name of any foreign-invested enterprise shall
become legally effective from the date of its business registration, and thereafter,
the enterprise shall reserve the right to exclusive use of the name within the
territory of the DPRK.
Article 10. The name of a foreign-invested enterprise appearing
on official document, a seal, bank account, signboard, postal matter, etc.,
shall be identical with that already registered with the screening body. Any
abbreviation may be used for signboards of shops, restaurants and other agencies
in the service sector, in which case an approval shall be obtained from the
screening body thereof.
Article 11. Where a foreign-invested enterprise intends to
change its name, an approval shall be secured from the screening body thereof.
Except for a special case, the name of any foreign-invested enterprise shall
not be changed within the period of 1 year from the date of its registration.
Article 12. A foreign-invested enterprise may transfer its
name to any other business entity along with its property, in which case an
approval shall be obtained from the screening body thereof.
Any business name shall be transferable only to one business entity and the
transferor shall not use the name so transferred to such other entity.
Article 13. Where the right to exclusive use of business name
is encroached upon, a foreign-invested enterprise concerned shall be entitled
to request the screening body to apply appropriate remedies for recovery of
Article 14. If a foreign-invested enterprise contravenes any
of these regulations, it shall bear administrative penalties such as confiscation
of illegal gains, fine, suspension of operation and seizure of the certificate
of business registration to the extent of the breach, and criminal punishment
in case of severe violation.
Article 15. Where grievance is harboured against any activity
relating to the naming of a foreign-invested enterprise, an appeal may be filed.
Any such appeal shall be settled within 30 days from its receipt.