[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR500.328]

[Page 532]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 500_FOREIGN ASSETS CONTROL REGULATIONS--Table of Contents
 
                      Subpart C_General Definitions
 
Sec. 500.328  Status of those portions of Korea under control of the 

government of the Republic of Korea; and of the diplomatic and 
consular representatives of those countries.

    (a) Those portions of Korea which are under the control of the 
government of the Republic of Korea are not included within the term 
designated foreign country.
    (b) The diplomatic and consular representatives of the Republic of 
Korea are not deemed to be acting or purporting to act directly or 
indirectly for the benefit or on the behalf of any designated foreign 
country.

[41 FR 16554, Apr. 20, 1976, as amended at 45 FR 7224, Jan. 31, 1980]