1. The purpose of the Exchange shall be to engage in the following business:
(1) Establishment and operation of a market necessary for carrying out futures transactions and spot transactions pertaining to commodities;
(2) Establishment and operation of a market necessary for carrying out futures transactions pertaining to commodity indexes; and
(3) The following business activities that are incidental or relating to the activities set forth in the preceding two items:
A. Appraisal of the quality of the commodities listed on the Exchange (“Listed Commodities”);
B. Research and study, publication and PR/publicity of commodities, commodity indexes, and the economy in general;
C. Dispute mediation;
D. Alliance or cooperation with domestic and foreign Exchanges and other organizations that are related to the business of the Exchange; and
E. Any other business activities that are incidental or relating to the activities set forth in Item (1) and Item (2), for the purpose of achieving the objectives thereof.
(4) Business activities prescribed in proviso clause of Article 3.1 of the Commodity Futures Market Act (Act No. 239 of 1950).
2. The Exchange shall engage in its business with the intention to ensure futures transactions and spot transactions executed in a fair and smooth manner, in order to contribute to the public interest and customer protection.