<Bylaws of the Korean-Japanese Economic & Management Association>

Date of Enactment: December 20, 2001

Date of Most Recent Revision: April 17, 2024

Chapter I. General Provisions

Article 1 (Name)

The name of this Association shall be the Korean-Japanese Economic & Management Association.

Article 2 (Purpose)

The purpose of this Association is to contribute to the advancement of trade and investment relations as well as the development of economics and business administration between Korea and Japan, through both theoretical and empirical research in the fields of international trade, economics, and business studies pertaining to the two countries.

Article 3 (Location)

The headquarters of the Association shall be located in Seoul, and regional liaison offices may be established in other areas as necessary.

Article 4 (Activities)

In order to achieve the objectives set forth in Article 2, the Association shall undertake the following activities:

① Organizing academic conferences and public lectures to promote trade and investment between Korea and Japan

② Publishing academic journals

③ Issuing newsletters, bulletins, and research publications

④ Conducting theoretical and applied research on industries related to Korea and Japan

⑤ Promoting academic exchanges for industrial development between the two countries

⑥ Engaging in university-industry collaborative projects related to Korea–Japan trade and investment

⑦ Collaborating with domestic and international academic associations that share the objectives of the Association

⑧ Conducting any other activities deemed necessary to fulfill the objectives of the Association

Chapter II. Membership

Article 5 (Membership Categories)

The Association shall have the following categories of membership:

① Regular Members

② Special Members

③ Institutional Members

④ Honorary Members

In addition, a limited number of Advisors may be appointed.

Article 6 (Eligibility for Membership)

Regular Members shall be individuals who have graduated from a university or higher institution and are engaged in, or have an interest in, the fields of Korean-Japanese economics and business, including those working in academia, research institutions, or related organizations. Special Members shall be individuals from various sectors who actively support and participate in the objectives of the Association. Institutional Members shall be organizations or institutions that sponsor or cooperate with the activities of the Association

Article 7 (Honorary Members and Advisors)

Honorary Members and Advisors shall be individuals of distinguished academic or professional standing, who have made significant contributions to the development of economics and business studies between Korea and Japan. Honorary Members and Advisors shall be invited to attend and participate in all meetings of the Association.

Article 8 (Admission to Membership)

Applicants seeking membership must be recommended by at least two Regular Members and approved by the Board of Directors. However, individuals who participated in the founding general meeting and contributed to the establishment of the Association shall be granted Regular or Special Membership in accordance with Article 5.

Chapter III. Officers

Article 9 (Officers)

The officers of the Association shall include the following:

① One President

② One President-Elect

③ Several Vice Presidents and Executive Directors

④ Up to seventy (70) Board Directors

⑤ Two Auditors

Additionally, one Honorary President may be appointed.

Article 10 (President and President-Elect)

The President and President-Elect shall be elected by the General Assembly. The President shall represent the Association, oversee all affairs, and preside over all meetings. The President-Elect shall assist the President and act on behalf of the President in the event of the latter’s absence or incapacity. Upon completion of the President’s term, the President-Elect shall be appointed as the new President by resolution of the General Assembly.

Article 11 (Honorary President)

The immediate past President shall serve as the Honorary President and contribute to the honor and development of the Association.

Article 12 (Vice Presidents, Executive Directors, and Secretariat)

Vice Presidents and Executive Directors shall be nominated by the President and approved by the General Assembly. They shall assist the President and share responsibilities in the management of the Association. The Secretary-General shall be appointed by the President and shall be responsible for the overall administration and operations of the Association.

Article 13 (Auditors)

The Association shall have two Auditors, elected by the General Assembly. The Auditors shall examine the overall operations and finances of the Association and report their findings to the General Assembly. Auditors may attend meetings of the Board of Directors and speak, but they shall not have voting rights.

Chapter IV. Meetings

Article 14 (General Assembly)

The General Assembly shall be composed of Regular and Special Members and shall be convened with the attendance of a quorum of members. There shall be two types of General Assembly meetings: regular and extraordinary. The Regular General Assembly shall be held once a year, while Extraordinary General Assemblies may be convened at any time at the request of the President or the Board of Directors. Notice of the meeting must be given at least seven (7) days prior to the scheduled date.

Article 15 (Term of Office)

The term of office for all officers elected by the General Assembly shall be two (2) years.

Article 16 (Matters Subject to Resolution by the General Assembly)

The General Assembly shall deliberate and decide on the following matters:

① Election of the President, President-Elect, Directors, and Auditors; and approval of Vice Presidents and Executive Directors

② Approval of business plans, budget proposals, and financial statements

③ Enactment and amendment of the Bylaws

④ Other important matters as deemed necessary

Article 17 (Board of Directors)

The Board of Directors shall consist of Directors elected by the General Assembly, together with the President, President-Elect, Vice Presidents, and Executive Directors. The Executive Board shall implement the decisions of the Board of Directors and may consult and carry out matters necessary for the operation of the Association.

Article 18 (Matters Subject to Resolution by the Board of Directors)

The Board of Directors shall deliberate and decide on the following matters:

① Scheduling and convening of the General Assembly and Extraordinary General Assemblies

② Preliminary review of business plans, budgets, and financial reports

③ Matters delegated by the General Assembly

④ Proposals for amendments to the Bylaws

⑤ Approval of new members

⑥ Proposals and deliberations on other important matters

Article 19 (Committees)

The Association may establish various committees as necessary for organizational operation. Each member may participate in one or more committees.

Article 20 (Resolutions)

All matters shall be resolved by a majority vote of the members present at the meeting. However, resolutions concerning amendments to the Bylaws and personnel matters shall require the approval of at least two-thirds (2/3) of the members present.

Chapter V. Finance

Article 21 (Finances)

The financial resources of the Association shall consist of membership dues, internally generated funds, and other contributions or donations.

Article 22 (Membership Dues)

Membership dues shall be imposed on all members and shall be paid on a regular basis. However, Honorary Members and Advisors shall be exempt from paying dues.

Chapter VI. Supplementary Provisions

Article 23 (Dissolution)

The dissolution of the Association shall require the approval of at least two-thirds (2/3) of the members present at the General Assembly and must be authorized by the competent governmental authority.

Article 24 (Liquidation)

In the event of dissolution, all officers of the Association, excluding the Auditors, shall serve as liquidators.

Article 25 (Disposition of Remaining Assets)

Upon dissolution, any remaining assets of the Association shall be disposed of, subject to the approval of the General Assembly and authorization from the competent governmental authority, by transferring them to the state, local governments, or a non-profit organization with similar purposes to those of the Association.

Article 26 (Public Notice and Method)

Matters required by law, as well as the following items, shall be publicly announced through the Association’s official website:

① Changes in the name or location of the principal office of the Association

② Annual fundraising amounts and the use of donations

③ Dissolution of the Association

Article 27 (Use of Income and Beneficiaries)

All income shall be used for public-interest purposes, and the beneficiaries of the Association's activities shall be the general public without restriction.

Appendix

Article 1 (Effective Date)

The revised Bylaws of the Association shall take effect as of April 17, 2024.