| In recent years, there are initiatives being implemented in various industries
such as financial, stock, construction, and real estate sectors and the article
regarding the exclusion of Boryokudan is being applied as a means to aid this.
This article is incorporated in contracts and agreements, and based on the
proclamation by the government in June 2007, “in order for businesses to
prevent damages from antisocial forces -
In making business transactions with individuals to whom contractual
freedom applies, the following should be incorporated in the main text
or provisions of a contract:
1) We will refuse to accept Boryokudan and other anti-social groups
to become contractual partner in this business deal.
2) After the contract is in place, if the partner is determined to be
Boryokudan or other anti-social groups or make improper
demands, the contract will be annulled with all obligations and
the partner can be expelled.
It is desirable for companies to incorporate this article regarding
the exclusion of Boryokudan in contracts and trade agreements
as preparation for risk.
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