Appendix
Chapter 4 Appendix
no. Project Law Pages
□ Land Development and management during Development period 1 Land Readjustment Project ● Land Readjustment Project Act
2 Housing Lot Preparation Project ● Urban Planning Act
● Housing Construction Promotion Act 3 Urban District Creation Project ● Urban Planning Act
4 Industrial Site and Plant Base Development Project
● Urban Planning Act
● Local Industry Development Act
● Industrial Base Development Promotion Act
● Rural Income Development Promotion Act
5 Redevelopment Project
● Urban Redevelopment Act
● Special Law on Improvement of Residential Environments for Low-income Urban Residents
● Housing Construction Promotion Act
6 Aquisition of and
Compensation for Public Land ● Land Expropriation Act
7 Public Notice of and Appraisal ● Act on Public Notice of Land Price and Appraisal of Lnad
□ Land Development and management in the Growth management period 8 Housing Site Development
Project ● Housing Site Development Promotion Act
9 Urban Development Project ● Urban Development Act
10 Urban and Dwelling
Environment Maintenance Project
● Act on Maintenance and Improvement of Urban Areas and Dwelling Conditions fir Residents
11 Housing Construction Project ● Housing Act
12 Industrial Complex
Development Project ● Industrial Sites and Development Act
13 Acquisition of and
Compensation for Public Land
● Act on Acquisition and Compensation for Lands. etc, for Public Works
14 Public Notice and Appraisal of Real Estate Price
● Public Notice of Value and Appraisal of Real Estate Act
1111 Chapter IV
2. reLAteD LAwS
1) Local industry Development Act
1973.2.16.
Partially Amended by Act No. 2526, 1973.2.16
ArtiCLe 1 (Purpose) The purpose of this Act is to contribute to the development of a balanced national economy by encouraging appropriate distribution of industries to local provinces to alleviate economic disparity between provinces and increasing overall job opportunities.
ArtiCLe 2 (Designation of industry Development Promotion Zone) ① By virtue of one’s authority or at the request of the governor, the Minister of Construction may designate industrial development promotion zones (hereinafter “development zones”) of areas satisfying the conditions set forth in Article 3 and recognized as needing encouragement of industrial development.
② When seeking the designation of a development zone, the governor shall prepare documents stipulated in the Presidential decree and submit them to the Minister of Construction through the Minister of Interior.
③ When making the designation in Paragraph 1, the Minister of Construction shall hear the opinion of the governor in relevant jurisdiction (when designating by one’s authority) and the heads of related ministries, and be reviewed by the Local Industry Development Council.
④ Construction in the development zone which is designated by regulations in Paragraph 1 shall be deemed as construction in an urban development area and shall be applicable to the Construction Act.
⑤ When designating the development zone in Paragraph 1 or changing the regions of the development zone, the Minister of Construction must announce this as stipulated by the Presidential decree.
ArtiCLe 3 (Conditions of Designation) Areas that may be designated as development zones must be falling behind in industrial development and satisfy the following conditions:
The content of the body takes eighteen laws related to land in Korea as references. among them, only four laws24) can be posted on the appendix due to a matter of copy rights. it is possible to read and print the last fourteen laws at Klri (Korea legislation research institute)
Klri homepage : http://elaw.klri.re.kr/eng_service/main
24) ① Local Industry Development Act ② Industrial Base Development Promotion Act ③ Rural Income Development Promotion Act ④ Special Law on Improvement of Residential Environments for Low-income Urban Residents
appendix121313
1. Facilities in securing plant and housing sites.
2. Facilities in securing industrial water and electrical power, maintaining transportation, and other public facilities
3. Located an appropriate distance from cities to ensure such cases where labor supply and market conditions are favorable while providing low risk of pollution.
4. Facilities in systemization of industries.
ArtiCLe 4 (Basic Plan) ① Any party wishing to create development zones shall prepare a basic plan as set forth in the Presidential decree, including the location and size of the business in the said zone, and obtain the approval of the Minister of Construction through the governor and the Minister of Interior for individuals and the Minister of Interior for governor. The same process shall be followed when changing major aspects decided by the Presidential decree in the basic plan.
② When approving the basic plan according to the stipulations of the above paragraph, the Minister of Construction must notify the head of the related ministries.
ArtiCLe 5 (Support for Creation) ① After designating the development zone, the national and local governments shall provide necessary support such as land arrangement, roads, industrial water, etc.
② When providing support in the above paragraph, the category and ratio of expenses to be borne by the national government shall be determined by Presidential decree.
ArtiCLe 6 (installation of factory Plant in Development Zone) Any party wishing to install a factor plant in the development zone must receive lot designation by the governor as determined by Presidential decree.
ArtiCLe 7 (Disposal of Assets in Development Zone) ① Lots owned by the national or local government in the development zone may be leased or sold to those receiving lots by the regulations of the aforementioned Article through private contracts regardless of regulations in the National Property Act or other related statutes.
② Regarding sales in the above Paragraph, the payment may be made in installments over a maximum period of ten years, regardless of regulations in the National Property Act or other related statutes.
③ In the case of Paragraph 2, the decision regarding lease rates or sales prices and payment methods shall be followed as set forth in the National Property Act.
ArtiCLe 8 (tax reduction and exemption) ① Taxes shall be exempt or reduced as stipulated in the Regulation Law on Tax Reduction and Exemption for businesses building and
1313 Chapter IV operating plants in the development zone designated by regulations in Article 2. <Amended in
1973.2.16>
② When a company in the development zone installs or extends facilities, it may receive specially recognized depreciation in the taxation of corporate tax rates.
ArtiCLe 9 (Application of Land expropriation Act) ① Land or objects fixed in the land, or rights other than the ownership over the land and/or objects may be expropriated or exercised when necessary for the creation of the development zone.
② The Land Expropriation Act shall be applied towards the expropriation or usage regulated in the above Paragraph.
③ In the application of the Land Expropriation Act in the above Paragraph, the designation of the development zone in Paragraph 2 of Article 2 is seen as the project recognition set by Article 14 of the Land Expropriation Act.
ArtiCLe 10 (Council) ① The Local Industry Development Council shall be established by the Ministry of Construction to deliberate on the approval of the basic plan for the development zone designation and other important matters regarding local industry development.
② Necessary matters regarding the organization and operation of the Local Industry Development Council shall be decided by Presidential decree.
ArtiCLe 11 (enforcement ordinance) Matters regarding the enforcement of this Act shall be decided by Presidential decree.
ADDenDA <Act No. 2526, 1973.2.16>
① (Enforcement Date) This Act shall be enforced from the date of its announcement.
② (Interim Measures) At the time of enforcement of this Act, industrial complexes that are being created or completed by the national or local governments which must be designated within development zones may be designated as part of said development, regardless of Article 3.
appendix141515
Industrial Base Development promotion act
Enforced on 1990.1.1 Act No. 4175, 1989.12.30, Another statute amended