23. Is there a ban on political parties engaging in commercial activities?

Article 2 (Basic Principles)  [Public Funds Act, 2021]
(1)    No one shall contribute or receive any political fund which is not prescribed in this Act.
(2)    Political funds shall be fairly and justifiably managed in order to keep them free of the people's suspicions. Their accounting materials shall be published.
(3)    Political funds shall be disbursed only to reimburse expenses required for political activities and shall not be disbursed for private expenses or illegal purposes. In such cases, the term "private expenses" means the expenses that are incurred for any of the following purposes:
1.    To financially support or subsidize household expenses;
2.    To pay back personal debts or lend them;
3.    To pay membership fees or financially subsidize the costs of private gatherings of individuals that include hometown associations, alumni associations, family clan associations, alpine societies, common interest groups, loan clubs, etc.;
4.    To cover expenses accruing from personal leisure and pastime activities.
(4)    Anyone who makes an one-time contribution of political funds in excess of 1.2 million won or anyone who pays political funds in excess of any of the following amounts according to this Act shall make such contribution and such payment by means of the check, credit card, the payment of such political funds to the deposit account or by other means that make it ascertain the identity of the donor: Provided, That the annual amount of political funds that are permitted to be contributed in cash shall not exceed 20/100 (10/100 of the limited amount of election expenses in the case of election expenses) of the total annual amount of political funds contributed:
1.    Political funds other than election expenses: 500,000 won: Provided, That the political funds shall be 200,000 won for every candidate or every preliminary candidate who runs in an election for public office;
2.    Election expenses: 200,000 won.
(5)    No one shall contribute political funds in the name of another person or in a false name.

Implied by article 2 Of the Political Funds Act, 2021.