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Information on Compulsory Auto Liability Coverage and Inspection
내용 □ Compulsory auto liability coverage
○ Car owners must sign up for renewal before the end of the insurance contract period for compulsory auto liability policies and insurance policies that are required under the Act on Guarantee of Compensation for Loss Caused by Automobile (continuous application of insurance contract period)
○ Penalties imposed : up to 2.3 million KRW
※ For uninsured driving, a prison term of less than one year, or a fine of 10 million KRW or less
○ Caution: upon transfer or cancellation of vehicle, termination of insurance policy must be checked for transfer and cancellation date of registration
○ Exemption of compulsory insurance : in case of returning the license plate of car when imprisoned, studying abroad, or entering the army

□ Vehicle inspection
○ The owner of the vehicle must check the inspection period on the vehicle registration card before receiving inspection.
○ Inspection period : within 31 days before or after the validity period of the inspection written in the vehicle registration card
○ Penalties imposed : up to 300,000 KRW
○ Application of SMS text service for vehicle inspection period
○ Korea Transportation Safety Authority website (http://www.ts2020.kr), 1577-0990

□ Information on disposition of fines in arrears
○ Seizure of car, property, deposit, etc. according to the example of tax or local tax arrears
○ Additional charges(up to 77%), providing fine arrears information to credit information companies

□ Inquiry : Public service dept. ☎ 031-8045-2439(insurance), 2438(inspection)
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