Act for Promotion of Private Participation in Infrastructure Projects Article 34

A private institution which has become a public offering company according to law may issue specific use corporate bonds to raise the funds required for the infrastructure project concerned, without being subject to the restrictions under Article 247; Subparagraph 2, Article 249 and Subparagraph 2, Article 250 of the Company Act; provided, however, that the total issued amount shall be subject to the consent of the authority in charge of the securities after consultation with the central authorities in charge of the relevant industries.