Law Viewer

Back Home

ENFORCEMENT DECREE OF THE SPECIAL ACT ON THE DEVELOPMENT OF ENTERPRISE CITIES

Presidential Decree No. 18818, Apr. 30, 2005

Amended by Presidential Decree No. 19254, Dec. 31, 2005

Presidential Decree No. 19422, Mar. 29, 2006

Presidential Decree No. 19739, Nov. 23, 2006

Presidential Decree No. 20136, jun. 29, 2007

Presidential Decree No. 20722, Feb. 29, 2008

Presidential Decree No. 20791, May 26, 2008

Presidential Decree No. 21025, Sep. 22, 2008

Presidential Decree No. 21515, May 29, 2009

Presidential Decree No. 21641, Jul. 27, 2009

Presidential Decree No. 21759, Sep. 29, 2009

Presidential Decree No. 21887, Dec. 15, 2009

Presidential Decree No. 22075, Mar. 15, 2010

Presidential Decree No. 22421, Oct. 1, 2010

Presidential Decree No. 22449, Oct. 14, 2010

Presidential Decree No. 22493, Nov. 15, 2010

Presidential Decree No. 22637, Jan. 24, 2011

Presidential Decree No. 22815, Apr. 1, 2011

Presidential Decree No. 23096, Aug. 25, 2011

Presidential Decree No. 23297, Nov. 16, 2011

Presidential Decree No. 23525, Jan. 20, 2012

Presidential Decree No. 23718, Apr. 10, 2012

Presidential Decree No. 23928, Jul. 4, 2012

Presidential Decree No. 24018, Aug. 3, 2012

Presidential Decree No. 24155, Oct. 29, 2012

Presidential Decree No. 24443, Mar. 23, 2013

Presidential Decree No. 24908, Dec. 4, 2013

Presidential Decree No. 25050, Dec. 30, 2013

Presidential Decree No. 25249, Mar. 11, 2014

Presidential Decree No. 25751, Nov. 19, 2014

Presidential Decree No. 25840, Dec. 9, 2014

Presidential Decree No. 26239, May 12, 2015

Presidential Decree No. 26748, Dec. 22, 2015

Presidential Decree No. 27394, Jul. 26, 2016

Presidential Decree No. 27444, Aug. 11, 2016

Presidential Decree No. 27471, Aug. 31, 2016

Presidential Decree No. 27472, Aug. 31, 2016

Presidential Decree No. 27751, Dec. 30, 2016

Presidential Decree No. 28211, Jul. 26, 2017

 Article 1 (Purpose)
The purpose of this Decree is to provide for the matters delegated by the Special Act on the Development of Enterprise Cities and matters necessary for the enforcement thereof.
 Article 2 (Proposals for Designation of Enterprise City Development Zones)
(1) "Any reason determined by Presidential Decree" in the proviso to Article 4 (1) of the Special Act on the Development of Enterprise Cities (hereinafter referred to as the "Act") means any of the following cases: <Amended by Presidential Decree No. 21759, Sep. 29, 2009>
1. Where six months have elapsed since the commencement of consultation with the head of the relevant Si/Gun on a joint proposal;
2. Where the candidate project site lies over the jurisdiction of two Sis/Guns or more so that an agreement between or among those Sis/Guns is impracticable to reach;
3. Where it is impracticable to make a joint proposal with the head of the relevant Si/Gun for any reason but the relevant Do Governor proposes a joint proposal.
(2) "Data on business feasibility analysis determined by Presidential Decree" in Article 4 (2) 6 (e) of the Act means the following: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. The following data about annual financing plans:
(a) Funding plans for internal resources;
(b) Funding plans for loans (which shall include the methods for raising funds and expenses incurred therein);
2. Data about the costs of purchasing land and developing construction sites (which shall include the basis for calculation of such costs);
3. Data about plans for the supply of developed land and for the collection of prices for the land (which shall include the time of supply and the estimated supply price for each category of use);
4. Other data needed for the examination of business feasibility analysis, specified by Ordinance of the Ministry of Land, Infrastructure, and Transport.
(3) The details of the matters specified in Article 4 (2) 7 (a) through (c) of the Act and the matters that shall be included in the agreement made under Article 4 (2) 7 (d) of the Act shall be prescribed in attached Table 1.
(4) "Matters determined by Presidential Decree" in Article 4 (2) 9 of the Act means the following matters: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. Matters concerning the improvement of the integrated regional transport system covering the environs of the relevant enterprise city development zone (hereinafter referred to as "development zone");
2. A location map on a scale of 1:25,000;
3. A topographical map on a scale of 1:5,000, indicating the boundaries of the development zone and the reasons for demarcation;
4. Other data specified by Ordinance of the Ministry of Land, Infrastructure, and Transport as those necessary for examination of the designation of the development zone.
 Article 3 (Modification of Minor Matters in Designation of Development Zones)
"Modification of minor matters determined by Presidential Decree" in the latter part of Article 5 (1) of the Act and "where it is intended to modify any of the minor matters determined by Presidential Decree" in the proviso to Article 5 (2) of the Act means either of the following cases: Provided, That the Minister of Land, Infrastructure, and Transport shall consult with the heads of relevant central administrative agencies in advance, if an area to be expanded as a development zone is determined and publicly notified as an area subject to reclamation under Article 13 of the Rearrangement of Agricultural and Fishing Villages Act; if it is an area designated for the protection of a military base or installation under the Protection of Military Bases and Installations Act; or farmland is newly included in the area to be expanded as a development zone: <Amended by Presidential Decree No. 21025, Sep. 22, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 21887, Dec. 15, 2009; Presidential Decree No. 23096, Aug. 25, 2011>
1. Reduction of the area of a development zone;
2. Expansion of the area of a development zone, by up to 10 percent of the original area.
 Article 4 (Hearing of Residents and Others)
(1) When the Minister of Land, Infrastructure, and Transport intends to hear opinions from residents, relevant experts, and other stakeholders on the designation of a development zone or on the modification to such designation under the main sentence of Article 5 (2) of the Act, he/she shall deliver copies of relevant documents to the Mayor of the relevant Metropolitan City, the Governor of the relevant Special Self-Governing Province, or the head of the relevant Si/Gun (excluding the head of a Gun within the jurisdiction of a Metropolitan City; hereinafter referred to as "the head of a Si/Gun"). <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 24443, Mar. 23, 2013>
(2) Upon receipt of relevant documents under paragraph (1), the head of a Si/Gun shall promptly announce the name, location, size, etc., of the candidate area for the designation as a development zone to the public. In such cases, the head of a Si/Gun shall make the documents available for the general public to peruse for at least 14 days from the date of a public announcement.
(3) Any person who has an opinion on the designation as a development zone may submit a written opinion to the head of the relevant Si/Gun during the period specified for perusal under paragraph (2).
(4) The head of a Si/Gun shall collect opinions submitted under paragraph (3) and submit the opinions to the Minister of Land, Infrastructure, and Transport, along with his/her comments thereon; if no opinion has been submitted, he/she shall notify the Minister of Land, Infrastructure, and Transport such fact. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
 Article 5 (Public Hearings)
When the Minister of Land, Infrastructure, and Transport intends to hold a public hearing pursuant to the main sentence of Article 5 (2) of the Act, he/she shall release a public announcement of the following matters at least once by not later than 14 days before the scheduled date of the public hearing through daily newspapers mainly distributed in the area of the Metropolitan City, Special Self-Governing Province, or Do to which the relevant development zone belongs: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 24443, Mar. 23, 2013>
1. The purpose of the public hearing;
2. The date, time, venue of the public hearing;
3. An overview of the designation of the development zone and the plan for the development of the enterprise city (hereinafter referred to as "development plan");
4. Matters concerning the application for opinion speeches;
5. Other necessary matters.
 Article 6 (Public Notice on Development Zones, etc.)
(1) When the Minister of Land, Infrastructure, and Transport designates a development zone, he/she shall publish the following matters in the Official Gazette as prescribed in Article 5 (5) of the Act: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. The name of the development zone;
2. The location of the development zone;
3. The effective date of the designation as a development zone;
4. The area of the development zone;
5. The operator (hereinafter referred to as "project operator") of the enterprise city development project (hereinafter referred to as "development project");
6. Basic direction-setting for development;
(2) Paragraph (1) shall apply mutatis mutandis where a modification is made with respect to a development zone.
 Article 7 (Deliberation by Joint Committee)
(1) In either of the following cases, the Minister of Land, Infrastructure, and Transport may request deliberation by the committee jointly operated by the City Development Committee and the Central Urban Planning Committee under Article 5 (6) of the Act (hereinafter referred to as the "Joint Committee") to deliberate on the case: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. Where the Minister of Land, Infrastructure, and Transport deems it urgent to deliberate on a case requested by the project operator or the head of the relevant local government;
2. Where the Minister of Land, Infrastructure, and Transport deems it reasonable to jointly deliberate on a case for the implementation of the relevant development project.
(2) The Joint Committee shall be composed of all current members of the City Development Committee and the Central Urban Planning Committee, and the Minister of Land, Infrastructure, and Transport shall serve as the chairperson of the Joint Committee. <Amended by Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
(3) A meeting of the Joint Committee shall be duly formed with the attendance of a majority of current members, and a resolution shall be adopted by affirmative votes of the majority of the members present at the meeting: Provided, That a resolution on any matter related to the legal fiction of approval (including approval for an amendment) of a master urban/Gun plan or the determination on an urban/Gun management plan requires the attendance of the majority of current members of the Central Urban Planning Committee and affirmative votes of the majority of current members present at the meeting. <Amended by Presidential Decree No. 23718, Apr. 10, 2012>
(4) Except as otherwise expressly provided for by this Decree, matters necessary to operate the Joint Committee shall be determined by the Minister of Land, Infrastructure, and Transport. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
 Article 8 (Requirements for Designation of Development Zones, etc.)
(1) "Requirements determined by Presidential Decree" in Article 6 (1) 5 of the Act means where a development project is implemented in any area other than the Seoul Metropolitan Area defined by subparagraph 1 of Article 2 of the Seoul Metropolitan Area Readjustment Planning Act: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 26239, May 12, 2015>
1. through 3. Deleted. <by Presidential Decree No. 26239, May 12, 2015>
(2) The Minister of Land, Infrastructure, and Transport shall give preference to any of the following areas in designating a development zone: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21515, May 29, 2009; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23297, Nov. 16, 2011; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 25249, Mar. 11, 2014; Presidential Decree No. 26748, Dec. 22, 2015>
1. The area in a Si/Gun selected and publicly notified as a growth promotion area under subparagraph 6 of Article 2 of the Special Act on Balanced National Development;
2. An area to which subparagraph 1 does not apply, but with a great potential to contribute to the national economy including the growth of the local economy and increase in employment;
3. An industrial complex defined by subparagraph 8 of Article 2 of the Industrial Sites and Development Act and its environs, encompassing a knowledge-based industrial cluster defined by subparagraph 7 of Article 2 of the Industrial Cluster Development and Factory Establishment Act.
 Article 9 (Minimum Area of Development Zones)
As prescribed in the main sentence of Article 6 (2) of the Act, the minimum area for a development zone shall be one million square meters: Provided, That in the case of tourism-oriented enterprise cities referred to in Article 30 (1) of the Act (hereinafter referred to as “tourism-oriented enterprise city”), the minimum area for its development zone shall be 1.5 million square meters (it shall be two million square meters when a golf course is included).
[This Article Wholly Amended by Presidential Decree No. 26748, Dec. 22, 2015]
 Article 9-2 (Standards and Requirements for Reduction of Minimum Areas for Development Zones)
(1) In cases falling under any subparagraph of Article 6 (2) of the Act, pursuant to the proviso to the same paragraph, the minimum area referred to in Article 9 may be reduced in accordance with the standards specified in the relevant subparagraph.
(2) The "requirements prescribed by Presidential Decree" referred to in Article 6 (2) 2 of the Act shall mean the following classified requirements:
1. All of the following requirements where one private company establishes a consortium company responsible for the execution of a development project:
(a) The private company shall have engaged in business continuously for at least three years in the Seoul Metropolitan Area under the Seoul Metropolitan Area Readjustment Planning Act (hereafter in this Article referred to as the "Seoul Metropolitan Area");
(b) The number of employees of the private company in the Seoul Metropolitan Area during the latest year shall be at least 500 (meaning the total number of employees where a project is jointly implemented);
(c) The number of employees for the business in which a company intends to engage on the land directly used thereby under Article 16 (1) of the Act shall be the same as or more than the number of existing employees;
2. All of the following requirements in cases where at least two private companies that are not mutual affiliates to one another (referring to affiliated companies defined by the Monopoly Regulation and Fair Trade Act) establish a consortium company responsible for the execution of a development project:
(a) The equity capital invested by the companies that have engaged in business continuously for at least three years in the Seoul Metropolitan Area shall be at least 70/100 of total equity capital;
(b) A company invested by the company that has operated its business in the Seoul Metropolitan Area for at least three years shall plan its business on the land directly used by it under Article 16 (1) of the Act with an employment scale at least equivalent to the existing number of its personnel.
(3) The “requirements prescribed by Presidential Decree” referred to in the parts other than the items of Article 6 (2) 3 of the Act shall mean that a corporation which operates any of the facilities specified in the items of the same subparagraph (hereinafter referred to as a “corporation operating base facilities for growth pole development”) invests in a consortium company established for the execution of the relevant development project with its investment (including investment in land) being no less than 20 percent of the total equity capital of such consortium company.
(4) “Business facility prescribed by Presidential Decree” referred to in Article 6 (2) 3 (c) of the Act shall mean offices pursuant to subparagraph 14 (b) of Attached Table 1 of the Enforcement Decree of the Building Act.
[This Article Wholly Amended by Presidential Decree No. 26748, Dec. 22, 2015]
 Article 10 (Institutions Specializing in Research and Analysis)
(1) "Specialized institutions determined by Presidential Decree" in Article 6 (3) of the Act refers to the following institutions: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. The Korea Research Institute for Human Settlements, the Korea Development Institute, the Korea Institute for Industrial Economics and Trade, the Korea Rural Economic Institute, and the Korea Environment Institute under the Act on the Establishment, Operation and Fostering of Government-Funded Research Institutes;
2. Institutions established and operated for regional development by a Mayor of a Metropolitan City or a Mayor of a Special Self-Governing Province or of a Do;
3. Other institutions specified by Ordinance of the Ministry of Land, Infrastructure, and Transport as those appropriate for conducting research and analysis for the designation of development zones.
(2) If it is necessary to request at least two specialized institutions, among those referred to in paragraph (1), to jointly conduct research and analysis to examine matters necessary for the designation of a development zone under Article 6 (3) of the Act, one such specialized institutions may be designated as their representative and supervise research and analysis conducted by other institutions.
 Article 11 (Rate of Purchased Land in Connection with Cancellation of Designation of Development Zone)
“In the excess of the rate determined by Presidential Decree" in Article 7 (1) 2 of the Act means at least 30 percent of the area of the land to be purchased, out of the area of the relevant development zone. In determining the rate of purchased land in such cases, the land owned by the project operator or a company which invested in the project operator for two years from the date of designation and public notification of the development zone shall be excluded therefrom. <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23525, Jan. 20, 2012>
 Article 11-2 (Public Notification of Cancellation of Designation of Development Zone)
The matters that the Minister of Land, Infrastructure, and Transport shall release for public notice in the Official Gazette under Article 7 (3) of the Act shall be: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. The name, location, and area of the development zone;
2. The dates of designation and cancellation of designation of the development zone;
3. Grounds for the cancellation of the designation of the development zone;
5. Matters concerning the reinstatement or abolition of special-purpose areas, special-purpose districts, special-purpose zones, and district-unit planning zones defined by the National Land Planning and Utilization Act.
[This Article Newly Inserted by Presidential Decree No. 23525, Jan. 20, 2012]
 Article 12 (Estimate and Reinvestment of Development Gains)
(1) "A specialized institution determined by Presidential Decree" in Article 8 (1) of the Act refers to any of the following institutions: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. The Korea Research Institute for Human Settlements or the Korea Development Institute under the Act on the Establishment, Operation and Fostering of Government-Funded Research Institutes;
2. Other institutions specified by Ordinance of the Ministry of Land, Infrastructure, and Transport as research institutes specializing in analyzing the feasibility of development projects.
(2) Article 10 (2) shall apply where requesting a specialized institution to conduct research and analysis on feasibility under Article 8 (1).
(3) In accordance with Article 8 (2) of the Act, an operator of a development project shall use at least 20/100 of the development gains (it shall be at least 10/100 of the development gains if a development zone is a growth promotion area referred to in subparagraph 6 of Article 2 of the Special Act on Balanced National Development or an area requiring special support prescribed in subparagraph 7 of the same Article) for purposes falling under the items of Article 8 (2) of the Act: <Amended by Presidential Decree No. 26748, Dec. 22, 2015>
(4) When the Minister of Land, Infrastructure, and Transport estimates development gains under the provisions of Article 8 (2) through (6) and paragraph (3) of this Article, he/she shall subtract the total project cost from gross income from the relevant project, and the items comprising gross income and the total project cost shall be construed as the items of gross income and the total project cost specified in attached Table 3 for each development project. Further details about the estimate of development gains in such cases shall be determined by the Minister of Land, Infrastructure, and Transport. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 22421, Oct. 1, 2010; Presidential Decree No. 24443, Mar. 23, 2013>
(5) A change made to any of the significant matters on which the calculation of development gains shall be based under the former part of Article 8 (4) of the Act means any of the following cases: <Amended by Presidential Decree No. 22421, Oct. 1, 2010; Presidential Decree No. 23096, Aug. 25, 2011>
1. A change in the scale of development or the rate of direct use of land as the basis of the total project cost;
2. A change in the land to be supplied according to a significant change in land-use planning;
3. Any other change recognized by the City Development Committee as a change in any significant matter on which the calculation of the total project cost shall be based.
(6) A noticeable discrepancy in development gains under Article 8 (5) of the Act means a case that shows a discrepancy of at least 10 percent between the development gains and those calculated at the time of approval for the development plan under Article 11 of the Act. <Amended by Presidential Decree No. 22421, Oct. 1, 2010>
 Article 13 (Restrictions on Acts, etc.)
(1) The acts requiring prior permission from the head of the relevant Si/Gun before in a development zone shall be as follows:
1. The change of the shape and quality of land, the extraction of soil and rock or sand and gravel, or the excavation of land;
2. The construction, renovation, or extension of a building, the alteration of a building for a special purpose, or the installation of a structure;
3. Felling or planting of trees.
(2) If the project operator has already been designated under Article 10 of the Act when the head of a Si/Gun intends to give permission under paragraph (1), the head of the Si/Gun shall hear the project operator's opinion thereon.
(3) Pursuant to Article 9 (2) of the Act, a person who has yet to complete any construction works or project shall report the current progress of the relevant construction work or project to the head of the relevant Si/Gun within 14 days from the date of designation and public notification of the development zone, as prescribed by Ordinance of the Ministry of Land, Infrastructure, and Transport. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
(4) Notwithstanding paragraph (1), a person may engage in any of the following activities in a development zone without permission from the head of the relevant Si/Gun: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 26748, Dec. 22, 2015>
1. Changing the shape and quality of land for farming or temporary planting of ornamental plants (excluding temporary planting in cultivated land);
2. Installation of any temporary structures specified by Ordinance of the Ministry of Land, Infrastructure, and Transport as those used for producing agricultural or fishery products;
3. Activities for emergency measures for recovery from a disaster or for the control of a disaster.
 Article 14 (Criteria for Designation of Operator of Development Project, etc.)
(1) The criteria for the designation of a development-project operator under Article 10 (3) of the Act shall be as follows: <Amended by Presidential Decree No. 19739, Nov. 23, 2006; Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 22421, Oct. 1, 2010; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 26748, Dec. 22, 2015>
1. Where a private company has established a consortium company responsible for the execution of the relevant development project, the private company that has invested in the exclusively responsible company shall be ranked at least BBB investment grade by a domestic credit rating agency in the evaluation of corporate bonds or corporate credit rating for the latest year as well as satisfying at least of the following requirements:
(a) Its equity capital in the latest year shall be at least 50 billion won (it shall be at least 10 billion won in the case of a corporation operating base facilities for growth pole development);
(b) Its gross sales in the latest year shall be at least 250 billion won (it shall be at least 50 billion won in the case of a corporation operating base facilities for growth pole development);
(c) The ratio of liabilities in the latest year shall be less than 1.5 times the average of the companies in the same field of business;
(d) Its business has generated operating income, ordinary income, and net income continuously for the latest three years;
(e) The ratio of net income to equity capital has remained at least five percent over the latest three years, and the cash flow from business activities is positive;
2. Where at least two private companies that are not companies affiliated to one another (referring to affiliated companies defined by the Monopoly Regulation and Fair Trade Act) establish a consortium company for the execution of a development project, a private company which is the largest investor in the consortium company (referring to an investor with the investment ratio of no less than 50 percent, and if the investment ratio of the largest investor is less than 50 percent, it shall refer to a group of investors which shall be counted in the order of their investment amounts in the consortium company until their combined investment ratio becomes 50 percent or greater) shall be ranked a legitimate investment grade (BBB where the company has been rated by a domestic credit rating agency) in the evaluation on corporate bonds or corporate credit rating for the latest year by a domestic credit rating agency or a foreign credit rating agency recognized by the Minister of Land, Infrastructure, and Transport.
(2)  Where at least two private companies including a corporation operating base facilities for growth pole development establish a consortium company for the execution of a development project, if the corporation operating base facilities for growth pole development fails to meet the enterprise credit evaluation standard prescribed in paragraph 1 (2), for the purpose of applying paragraph 1 (1) or (2), only the private companies which have invested in the consortium company excluding the corporation operating base facilities for growth pole development shall be construed as investors. In such cases, in applying paragraph 1 (2), the investment ratio shall be calculated based on the total investment shares which shall be the amount of investments left after the deduction of the amount of investment made by the corporation operating base facilities for growth pole development. <Newly Inserted by Presidential Decree No. 26748, Dec. 22, 2015>
(3) "The costs incurred in the urbanization determined by Presidential Decree" in Article 10 (4) of the Act means the cost of purchasing land for the development of the relevant enterprise city, the cost of construction works for the development of building sites, the cost of planning and designing, and incidental expenses specified by Ordinance of the Ministry of Land, Infrastructure, and Transport. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
(4) Where land is contributed as investment in kind under the latter part of Article 10 (4) of the Act, the amount equivalent to the price publicly notified for the relevant land for the latest year under the Act on the Public Announcement of Real Estate Values shall be determined as capital, but such amount shall not exceed one half of the equity capital secured in accordance with the former part of Article 10 (4) of the Act. <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 27471, Aug. 31, 2016>
(5) Deleted. <by Presidential Decree No. 21759, Sep. 29, 2009>
(6) "The scope determined by Presidential Decree" in the proviso to Article 10 (5) of the Act means the cases where the sum of ratios of equity shares of all operators that fall within the categories specified in Article 4 (1) of the Act does not exceed 70 percent. <Amended by Presidential Decree No. 21759, Sep. 29, 2009>
 Article 15 (Minor Modifications to Development Plans)
"Any minor modification determined by Presidential Decree" in the latter part of Article 11 (1) of the Act means any of the following subparagraphs. In such cases, when a project operator makes slight modifications, he/she shall promptly report the change to the Minister of Land, Infrastructure, and Transport: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 22421, Oct. 1, 2010; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 23718, Apr. 10, 2012; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 27751, Dec. 30, 2016>
1. An addition to or reduction in the project cost within the scope of 10 percent of the project cost;
2. A reduction of the project area within the scope of 10 percent of the project area;
3. An expansion or reduction in the area for the installation of equipment and facilities within the scope of 10 percent of the approved extent;
4. The change of the project operator's address;
5. The change of the representative of the project operator, a corporation;
6. A change in the land use plan within the scope of 10 percent of the area for each major special use;
7. A change in the area of building sites for the urban/Gun planning facilities according to the correction of an error or omission or the results of land survey;
8. A change in the investment structure of the exclusively responsible company;
9. Reduction of the execution period of the project.
 Article 16 (Approval for Development Plans, etc.)
(1) "Matters determined by Presidential Decree" in Article 11 (2) 15 of the Act means: <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
1. Drawings specifying the relevant plan on topographical maps or cadastral maps in at a scale of at least 1:5,000;
2. A plan for integrated energy supply;
3. The opinion of the head of the relevant Si/Gun and matters reflecting such opinions.
(2) When the Minister of Land, Infrastructure, and Transport publicly notifies a development plan under the main sentence of Article 11 (4) of the Act, he/she shall clearly state the following matters: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 24443, Mar. 23, 2013>
1. The title of the development plan;
2. The name and address of the project operator and the name of the representative;
3. An overview of the development plan;
4. The period of development;
5. A plan for land use;
6. The location and area of the land to be developed;
7. Documents describing the location, lot number, land category, and area of the land, etc. to be expropriated, details of ownership and rights other than ownership of such land, etc., and the names and addresses of the owners and right holders of such land, etc.;
8. A plan for special regulations (limited to where a plan for special regulations has been formulated under Article 34-2 (1) of the Act).
(3) "The size determined by Presidential Decree" in the proviso to Article 11 (5) of the Act means one million square meters. <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 26748, Dec. 22, 2015>
(4) Deleted. <by Presidential Decree No. 23525, Jan. 20, 2012>
(5) The urban planning standards established by the Minister of Land, Infrastructure, and Transport shall contain wording to the effect that at least 30 percent (it shall be at least 40 percent in the case of Article 6 (2) 3 of the Act) of the remaining area of land, excluding the land for public purposes and for conservation, such as roads and parks, shall be distributed for main purposes of each enterprise city. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 26239, May 12, 2015; Presidential Decree No. 26748, Dec. 22, 2015>
1 through 4. Deleted. <by Presidential Decree No. 26239, May 12, 2015>
 Article 17 (Approval for Implementation Plans)
(1) "Any minor modification determined by Presidential Decree" in the latter part of the main sentence of Article 12 (1) of the Act means modification to any of the subparagraphs of Article 15. In such cases, the latter part of the main sentence of Article 14 shall apply mutatis mutandis to the reporting of modifications. <Amended by Presidential Decree No. 21759, Sep. 29, 2009>
(2) An agreement made under Article 12 (1) 5 of the Act shall contain the terms and conditions that shall be contained in the agreement under Article 2 (3). <Newly Inserted by Presidential Decree No. 21759, Sep. 29, 2009>
(3) "Matters determined by Presidential Decree" in Article 12 (1) 7 of the Act means the following matters: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. A plan for the vesting of ownership of public facilities, land, etc. and for the substitution of such property;
2. Documents necessary for consulting with the heads of relevant administrative agencies;
3. Other matters prescribed by Ordinance of the Ministry of Land, Infrastructure, and Transport.
(4) The Minister of Land, Infrastructure, and Transport shall clearly state the following matters when he/she publicly notifies an implementation plan under the former part of Article 12 (5) of the Act: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23718, Apr. 10, 2012; Presidential Decree No. 24443, Mar. 23, 2013>
1. The title of the project;
2. The name and address of the project operator and the name of the representative;
3. The purposes and an overview of the project;
4. The execution period of the project;
5. The location and area of the project site;
6. Matters concerning the district unit plan under the provisions of the National Land Planning and Utilization Act.
 Article 18 (Extension of Period for Filing Petition for Adjudication on Expropriation)
(1) "Extenuating circumstances determined by Presidential Decree" in the proviso to Article 14 (4) of the Act means any of the following cases: <Amended by Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 26748, Dec. 22, 2015>
1. Where the area of the development zone is at least twice the minium area specified in Article 9 and purchase the land through negotiations has been delayed;
2. Where the head of the relevant Si/Gun concludes that extenuating circumstances exist and requests to extend the period;
3. Where the acquisition of at least 70 percent of the land to be acquired has been completed and it is deemed possible to file a petition for adjudication on the expropriation of the rest of the land within one year.
(2) When the Minister of Land, Infrastructure, and Transport extends the period for filing a petition for adjudication under paragraph (1), he/she shall publish the extension in the Official Gazette for public notice. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
 Article 19 (Formulation of Measures for Relocation, etc.)
(1) "Matters determined by Presidential Decree" in Article 14 (7) of the Act means the following matters: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. Methods for implementing measures for relocation under Article 78 of the Act on Acquisition of and Compensation for Land, etc. for Public Works Projects and criteria for selecting eligible persons;
2. The time, methods, eligible persons, procedures, and conditions for the supply of land, etc. necessary for measures for livelihood of residents, based upon the situation of ownership of the land originally owned by those residing in the development zone, their occupations, etc.;
3. A plan for employment of residents in the development zone by the enterprises moving into the development zone and job referrals therefor;
4. Other matters that the Minister of Land, Infrastructure, and Transport deems necessary for the resettlement of residents.
(2) The Minister of Land, Infrastructure, and Transport may separately prescribe matters necessary for efficiently performing the tasks related to details, method for implementation, etc. that shall be included in the measures for relocation under paragraph (1). <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
(3) When a project operator formulates measures for relocation under paragraph (1), it shall hear opinions from representatives of residents and the head of the relevant Si/Gun.
(4) The date the head of the relevant Si/Gun makes a public announcement under Article 4 (2) before designating a development zone in order to hear opinions from residents and others shall be construed as the base date of the measures for relocation under paragraph (1) 1.
 Article 20 (Scale of Issuance of Land Redemption Bonds)
The amount of the land redemption bonds issued under Article 15 (1) of the Act (hereinafter referred to as "land redemption bonds") shall not exceed 50 percent of the land developed and sold in the course of the relevant development project.
 Article 21 (Guarantors for Land Redemption Bonds)
"A financial institution, etc. determined by Presidential Decree" in the latter part of Article 15 (1) of the Act means a bank under Article 2 (1) 2 of the Banking Act (hereinafter referred to as "bank") or an insurance company under subparagraph 6 of Article 2 of the Insurance Business Act. <Amended by Presidential Decree No. 22493, Nov. 15, 2010; Presidential Decree No. 22637, Jan. 24, 2011; Presidential Decree No. 23096, Aug. 25, 2011>
 Article 22 (Plan for Issuing Land Redemption Bonds)
The plan for issuing land redemption bonds under Article 15 (2) of the Act shall contain the following matters:
1. The name of the project operator;
2. The total value of land redemption bonds to be issued;
3. The interest rate of land redemption bonds;
4. The method for redemption of land redemption bonds;
5. The purpose of use of the area or land eligible for redemption;
6. The method of estimating land price;
7. The guarantor and the coverage of guarantee.
 Article 23 (Public Announcement on Issuance of Land Redemption Bonds)
Where a project operator issues land redemption bonds, it shall publicly announce the name of the land redemption bonds and the matters specified in Article 22: Provided, That the public announcement need not be made if the compensation plan publicly announced under Article 15 of the Act on Acquisition of and Compensation for Land, etc. for Public Works Projects contains such matters or if the land owners, etc. have been individually notified of the matters.
 Article 24 (Conditions, etc. of Issuance of Land Redemption Bonds)
(1) The interest rate of land redemption bonds shall be determined by the issuer, based upon banks' interest rates on deposits and the situation of supply and demand of real estate at the time of issuance. <Amended by Presidential Decree No. 22493, Nov. 15, 2010>
(2) Land redemption bonds shall be in the form of registered securities.
 Article 25 (Subscription for Land Redemption Bonds, etc.)
A person who intends to obtain land redemption bonds for the sale price of land, etc. (hereinafter referred to as "subscriber") shall prepare applications in duplicate for subscription for land redemption bonds, stating the following matters, and submit it to the relevant project operator:
1. The name of the project;
2. The name and address of the subscriber (the name of corporation and the name of its representative where the subscriber is a corporation);
3. A statement of land, etc. owned by the subscriber;
4. The amount the subscriber receives as the sale price of land, etc.;
5. The amount of land redemption bonds that the subscriber intends to receive.
 Article 26 (Descriptions of Land Redemption Bonds)
Land redemption bonds shall state descriptions of the following matters, and the issuer shall enter its name and affix its signature thereon:
1. Matters specified in subparagraphs 1 and 3 through 6 of Article 22;
2. The number of each land redemption bond;
3. The issue date of land redemption bonds.
 Article 27 (Keeping of Register of Land Redemption Bonds)
The issuer of land redemption bonds shall keep the register of land redemption bonds, which shall contain records of the following matters, (hereinafter referred to as the "register of land redemption bonds") at its principal office of business:
1. The number of each land redemption bond;
2. The issuance date of land redemption bonds;
3. Matters specified in subparagraph 2 through 6 of Article 22;
4. The names and addresses of owners of land redemption bonds;
5. The acquisition date of land redemption bonds by owners of land, etc.
 Article 28 (Transfer, etc. of Land Redemption Bonds)
(1) When land redemption bonds are transferred, the person acquiring the bonds shall request the issuer to register his/her name and address in the register of land redemption bonds; otherwise the person acquiring land redemption bonds shall have no valid claim or defense against the issuer or any other third party.
(2) Where land redemption bonds become subject to a pledge, the pledgee shall have no valid claim or defense against the issuer or any other third party, unless the pledgee's name and address are entered in the register of land redemption bonds.
(3) Where a pledge is created under paragraph (2), the issuer shall indicate the pledge on the relevant land redemption bonds.
 Article 29 (Notification to Owners of Land Redemption Bonds)
Notice or peremptory notice to the owner of land redemption bonds shall be served to the address registered in the register of land redemption bonds: Provided, That if the owner of land redemption bonds has notified the issuer of an additional address, such notice shall be served to the additional address.
 Article 30 (Direct Use of Land)
(1) In accordance with the main sentence of Article 16 (1) of the Act, a project operator shall directly use no less than 20 percent of the land that is used for primary purposes of an enterprise city. In such cases, the area of the land developed by a person referred to in any subparagraph of Article 4 (1) of the Act and designated as a joint operator for the purpose of providing the land to public institutions to be relocated to provincial areas under the Special Act on Balanced National Development may be included in the area of the land directly used by the project operator by up to 50 percent of the relevant land area: <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 26748, Dec. 22, 2015>
1. through 3. Deleted. <by Presidential Decree No. 26748, Dec. 22, 2015>
4. Deleted. <by Presidential Decree No. 21759, Sep. 29, 2009>
(2) In accordance with the proviso to Article 16 (1) of the Act, in any case falling under any of the following, the Minister of Land, Infrastructure, and Transport may reduce the direct use of land pursuant to the relevant item: <Amended by Presidential Decree No. 26748, Dec. 22, 2015>
1. When a person who falls under any category under Article 48 (2) 2 through 4 of the Act is designated as a replacement for a project operator: exemption from the direct use of land;
2. When a request is made by the head of the competent Si/Gun in recognition of unavoidable reasons such as the insolvency, bankruptcy, etc. of a project operator: reduction of the ratio of direct use of land by up to 10 percent.
 Article 30-2 (Completion Inspection)
(1) Each person who intends to undergo inspection on completion of the construction works under Article 17 (1) of the Act shall file an application for completion inspection with the Minister of Land, Infrastructure, and Transport in the form prescribed by Ordinance of the Ministry of Land, Infrastructure, and Transport, along with the following documents and drawings: <Amended by Presidential Decree No. 23718, Apr. 10, 2012; Presidential Decree No. 24443, Mar. 23, 2013>
1. A report of completed works (including design documents and photographs of completed works);
2. Cadastral survey result maps issued by the head of the relevant Si/Gun;
3. A report on the area for each purpose of use of the land and the ground plan therefor;
4. A report on performance of the agreement under Article 12 (1) 5 of the Act (limited to those confirmed by the head of the relevant Si/Gun) and the district-unit plan under Article 12 (3) of the Act;
5. A replotting plan and a comparison map of new and old cadastral records (limited to where the land is replotted under Article 14-2 of the Act);
6. Details of direct use of the land under Article 16 (1) of the Act and the ground plan therefor;
7. A plan for the installation of facilities or a plan for the apportionment or readjustment of the costs of installing facilities under Article 20 (2) or (3) of the Act;
8. A report on vesting of ownership in public facilities, etc. under Article 24 of the Act and relevant drawings.
(2) Upon receipt of a request for consultation on the completion inspection under the latter part of Article 17 (1) of the Act, the head of the relevant administrative agency shall present his/her opinion thereon within 14 days from the date when he/she is requested to be consulted.
(3) Upon receipt of an application for completion inspection under paragraph (1), the Minister of Land, Infrastructure, and Transport shall conduct the completion inspection without delay. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Newly Inserted by Presidential Decree No. 22421, Oct. 1, 2010]
 Article 30-3 (Public Announcement on Completion of Construction Works)
(1) The public announcement on completion of construction work under Article 18 shall be published in the Official Gazette and on the relevant web-site.
(2) The public announcement under paragraph (1) shall include the following matters:
1. The title of the development project;
2. The name and address of the project operator and the name of the representative;
3. The location and area of the development zone;
4. The date of completion;
5. A plan for the use or disposal of public facilities, land, etc.
(3) When the Minister of Land, Infrastructure, and Transport publicly announces the completion of work under paragraph (1), he/she shall send a certificate of inspection completion to the head of the relevant Si/Gun, along with the documents specified in Article 30-2 (1). <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Newly Inserted by Presidential Decree No. 22421, Oct. 1, 2010]
 Article 31 (Scope of Installation of Infrastructure)
The scope of installation of infrastructure by types under Article 19 (2) of the Act shall be as follows: <Amended by Presidential Decree No. 19739, Nov. 23, 2006; Presidential Decree No. 23718, Apr. 10, 2012>
1. Roads: The roads meeting all the following requirements:
(a) Roads determined as urban/Gun planning roads under the National Land Planning and Utilization Act or as road zones under the Road Act before the relevant development zone is designated;
(b) National highways, local highways, and State-funded local highways to be built by the relevant local government;
2. Waterworks and sewerage systems: Pipelines for waterworks and sewerage that pass through the development zone, but not connected to the pipelines for waterworks and sewerage in the development zone;
3. Electricity facilities: The electricity facilities installed between main facilities outside the development zone and the bounds of each piece of land (hereinafter referred to as "piece of land") abutting along an urban/Gun planning road of at least six meters wide inside the development zone on the land use plan: Provided, That if main electricity facilities inside a development zone is installed underground at the request of the project operator, the costs of installation shall be apportioned equally by the person who supplies electricity and the person who requests underground installation at the rate of 50 percent, respectively;
4. Gas supply facilities: The gas supply facilities installed between the main gas supply facilities outside the city development zone and the bounds of each piece of land: Provided, That the costs of installing the gas supply facilities up to the pressure-regulating room shall be borne by the project operator, if the pressure-regulating room is installed inside an individual parcel of land in the development zone for gas supply for cooking or individual heating (excluding central heating);
5. District heating facilities: The heat pipelines installed between the junction of the main heat pipelines in the development zone and the shut-off valve at the entrance of the mechanical room in each piece of land in the development zone;
6. Telecommunications facilities: Pipelines installed between main facilities outside the development zone and the bounds of each individual parcel of land in the development zone; and cables installed between main facilities outside the development zone and the first terminal inside each piece of land in the development zone.
 Article 32 (Ex Post Adjustment of Cost-Sharing)
(1) "the yield of gains exceeds the ceiling determined by Presidential Decree" in the main sentence of Article 20 (2) of the Act means cases where the difference between the yield of gains and the development gains initially calculated under Article 8 of the Act is at least 20 percent.
(2) "Below the bottom determined by Presidential Decree" in the main sentence of Article 20 (3) of the Act means cases where the difference between the yield of gains and the development gains initially calculated under Article 8 of the Act is at least five percent.
(3) In cases falling under paragraph (1) or (2), an increase in the land price according to the average rate of inflation of land prices surveyed by the Minister of Land, Infrastructure, and Transport (referring to the average rate of inflation of the price of land in the relevant Sis/Guns where the relevant enterprise city is built) between the date of approval for the development plan under Article 11 and the date of completion of construction work shall be excluded from the calculation of development gains. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Wholly Amended by Presidential Decree No. 24155, Oct. 29, 2012]
 Article 33 (Advance Payment)
(1) Each project operator who wishes to receive an advance payment under Article 21 of the Act shall obtain approval from the Minister of Land, Infrastructure, and Transport after obtaining approval for the implementation plan and satisfy all the following requirements: <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 24155, Oct. 29, 2012; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 24908, Dec. 4, 2013; Presidential Decree No. 27751, Dec. 30, 2016>
1. The project operator shall secure the ownership of at least 30 percent of the area of the land in the development zone and commence the development project or shall obtain a license for reclaiming public waters equivalent to at least 70 percent of the area of the development zone and commence the development;
2. The project operator shall secure the ownership of the land to be supplied (excluding where the ownership is not finally determined because of the implementation of a project for reclaiming public waters) and cancel mortgages on the land: Provided, That if the project operator fails to secure the ownership of land or fails to cancel mortgages due to any extenuating circumstance, the project operator, land owner, and mortgagees shall submit a notarized joint agreement, containing the following stipulations, to the Minister of Land, Infrastructure, and Transport:
(a) The land owner shall not transfer the land to a third party or offer the land as security;
(b) When a person who pays an advance payment use the land after undergoing the completion inspection, the land owner and mortgagees shall transfer the ownership and cancel relevant mortgages without delay;
3. The construction for site development on the land to be supplied shall have been commenced;
4. The project operator shall obtain confirmation from the head of the relevant Si/Gun that the installation and relocation of the project site has been implemented in a normal condition in accordance with the agreement made under Article 12 (1) 5 of the Act;
5. In order to guarantee refund of advance payment in case of failure to execute the supply contract, the project operator shall submit a letter of guarantee, etc., containing the following matters, (referring to a letter of guarantee for payment, securities, a guarantee insurance policy, a certificate of term deposit, a beneficiary certificate, etc. as referred to in Article 37 (2) of the Enforcement Decree of the Act on Contracts to Which the State is a Party) to the Minister of Land, Infrastructure, and Transport: Provided, That the foregoing shall not apply where a development project is executed by a project operator in which the sum of investment by persons referred to in any subparagraph of Article 4 (1) of the Act is at least 20/100 or where one or more companies (limited to those who satisfy the requirements under Article 14 (1) 1) guaranteeing the refund of the advance payment undertake joint and several guarantee:
(a) The amount of guarantee or insurance shall be at least the amount calculated by adding an amount equivalent to the agreed interest on the advance payment for the period of guarantee or insurance to the advance payment;
(b) The period of guarantee or insurance shall begin before the date when the advance payment is paid and shall end at least one month after the scheduled date of completion of works: Provided, That if the period of project is extended, the project operator shall submit a letter of guarantee, etc. covering the period of guarantee or insurance determined by adding the extended period to the initial period of guarantee or insurance.
(2) If the project operator supplies the land or permits others to use facilities on the land before the public announcement on completion of construction work, such land shall not be offered as security.
(3) Deleted. <by Presidential Decree No. 26748, Dec. 22, 2015>
 Article 33-2 (Cancellation of Contract for Supply of Undeveloped Land)
When an event referred to in Article 22 (2) of the Act occurs, the project operator may request the person who shall develop the supplied undeveloped land, at least twice, to take corrective measures within a reasonable period necessary for corrective measures and may cancel the contract for the supply of raw land if the person who shall develop the supplied undeveloped land fails to take corrective measures even after the lapse of the period. In such cases, the person who shall develop the supplied undeveloped land may express his/her opinion regarding the project operator's request for corrective measures.
[This Article Newly Inserted by Presidential Decree No. 24908, Dec. 4, 2013]
 Article 34 (Reduction of or Exemption from Charges, etc.)
(1) Pursuant to Article 25 (2) of the Act, the project for the development of an enterprise city shall be entitled to a reduction of or exemption from the following charges: <Amended by Presidential Decree No. 20136, Jun. 29, 2007; Presidential Decree No. 21759, Sep. 29, 2009>
1. The development charge under Article 5 of the Restitution of Development Gains Act: Exemption;
2. The farmland preservation charge under Article 38 of the Farmland Act: Reduction under Article 52 of the Enforcement Decree of the Farmland Act;
3. The substitute grassland development cost under Article 23 of the Grassland Act: Reduction under Article 23 (6) of the Grassland Act;
5. The traffic induction charge under Article 36 of the Urban Traffic Improvement Promotion Act: Exemption.
(2) When a project operator occupies and uses public waters in the development zone in order to implement the development project under Article 25 (3) of the Act, the project operator shall be exempted from the charge for occupancy and use of public waters under the Public Waters Management and Reclamation Act. <Amended by Presidential Decree No. 22449, Oct. 14, 2010>
 Article 35 (Lease of State or Public Property)
(1) The annual rent for State or public property under Article 26 (3) of the Act shall be calculated by multiplying the vale of the State or public property by the rate of at least 10/1,000.
(2) The reduction rate of the rent for State property shall be determined by the head of the central administrative agency responsible for the management of the State property (including the person to whom management is delegated or entrusted under Article 28 or 42 (1) of the State Property Act; the same shall apply hereinafter) within a maximum of 20/100 of the rent for the State property. <Amended by Presidential Decree No. 21641, Jul. 27, 2009; Presidential Decree No. 22815, Apr. 1, 2011>
(3) A project operator or an enterprise relocating into a development zone that wants the reduction of or exemption from the rent for State property under Article 26 (3) of the Act shall file an application for reduction or exemption with the head of the central administrative agency responsible for the management of the State property. <Amended by Presidential Decree No. 22815, Apr. 1, 2011>
(4) A project operator or an enterprise relocating into a development zone that wishes to have the reduction of or exemption from the rent for public property under Article 26 (3) of the Act shall file an application for reduction or exemption with the head of the relevant local government.
(5) Further details about the projects eligible for the reduction of or exemption from the rent for public property under Article 26 (3) of the Act, projects eligible for such reduction or exemption, the rate of reduction of or exemption from rent, etc. shall be prescribed by Municipal Ordinance of each local government, taking into consideration the creation of jobs, the impact on the promotion of enterprise cities and the local economy, etc.
 Article 36 (Conditions of Payment of Sale Price of State or Public Property)
Pursuant to Article 27 (4) of the Act, the State or a local government may permit to make an equal installment payment on a yearly basis for State or public property within the period of not less than 10 years but not more than 20 years.
 Article 37 (Special Cases of the Installation and Utilization of Sports Facilities Act)
(1) "Minor revision determined by Presidential Decree" in the latter part of Article 29 (1) of the Act means any of the following: <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011>
1. If a person who has obtained approval for a business plan is a corporation, the matters concerning the change of the name or address of its representative (excluding cases of succession of the approval for a business plan under Article 27 (3) of the Installation and Utilization of Sports Facilities Act);
2. Matters concerning the change of a trade name;
3. Matters concerning the alteration in the layout of facilities within the following extent without making any change in the area or boundary of the site on the approved business plan:
(a) In cases of an essential facility under Article 27 (2) of the Installation and Utilization of Sports Facilities Act: Extension, renovation, or alteration of up to 30 percent of the area of the facility on the approved business plan or the registered facility (referring to the total building area, in cases of a building);
(b) In cases of any facility other than the essential facilities under item (a): Extension, renovation, relocation, rebuilding, or alteration of the facility on the approved business plan or the registered facility;
4. Matters concerning the change in the expected number of members and membership fee;
5. Matters concerning the change in the scheduled date of commencement or completion of the project for installation of business facilities for a registered sports facility business.
(2) "Minor registered matters determined by Presidential Decree" in the latter part of Article 29 (2) of the Act means the following matters: <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011>
1. Matters concerning the change of a sports facility business operator as a consequence of the succession of a sports facility business under Article 27 of the Installation and Utilization of Sports Facilities Act;
2. Matters concerning repair or maintenance to the extent of not making any change in the area of the site for a registered sports facility business or the scale of business facilities therein;
3. Matters concerning the change of the business of a ski resort facility to any other purpose of business during the period of temporary business suspension due to the change of seasons without making any change to any facility therein.
 Article 37-2 (Requirements for Tourism-Oriented Enterprise Cities)
“Enterprise cities prescribed by Presidential Decree” referred to in the main sentence of Article 30 (1) of the Act shall mean enterprise cities in which case land used for tourism and leisure purposes as reflected in a development plan accounts for no less than 50 percent of the land used for their main functions.
[This Article Newly Inserted by Presidential Decree No. 26748, Dec. 22, 2015]
 Article 38 (Requirements for Permission for Casino Business for Foreigners Only)
(1) "An amount not less than that determined by Presidential Decree" in Article 30 (1) 1 of the Act means that the amount invested in a tourism business under any subparagraph of Article 3 (1) of the Tourism Promotion Act is at least 500 billion won in total and at least 300 billion won has been already invested at the time of filing an application for permission for a casino business. <Amended by Presidential Decree No. 22421, Oct. 1, 2010; Presidential Decree No. 23096, Aug. 25, 2011>
(2) The facilities, equipment, etc. necessary for a casino business under Article 30 (1) 3 of the Act shall be installed in the facilities for a hotel business (limited to facilities rated to the five-star grade or the four-star grade, if no facilities rated to the five-star grade exist) operated in a tourism-oriented enterprise city or in facilities appurtenant to international convention business facilities. <Amended by Presidential Decree No. 22421, Oct. 1, 2010; Presidential Decree No. 26748, Dec. 22, 2015; Presidential Decree No. 27751, Dec. 30, 2016>
 Article 39 (Special Cases of Housing Supply)
(1) Where housing units are built in a development zone to be supplied under Article 31 (1) of the Act, such housing units may be supplied preferentially to the following persons: <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 22421, Oct. 1, 2010>
1. Employees of the enterprises moving into the development zone;
2. The persons verified by the head of the relevant Si/Gun as falling under either of the following items:
(a) Teachers or employees of educational institutions established in the development zone;
(b) Employees of State agencies, local governments, and public institutions and research institutes designated and publicly notified under Articles 4 through 6 of the Act on the Management of Public Institutions in the development zone.
(2) Any housing supply other than that under paragraph (1) shall be governed by Article 54 of the Housing Act. <Amended by Presidential Decree No. 27444, Aug. 11, 2016>
(3) "The areas where speculation is likely to arise as determined by Presidential Decree" in Article 31 (2) of the Act means the following areas: <Amended by Presidential Decree No. 19254, Dec. 31, 2005; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 27444, Aug. 11, 2016>
1. The areas designated under Article 104-2 (1) of the Income Tax Act;
2. The overheated speculation districts under Article 63 of the Housing Act.
 Article 40 Deleted. <by Presidential Decree No. 21759, Sep. 29, 2009>
 Article 41 (Documents Required for Change of Purpose of Reclamation of Public Waters)
(1) "Documents determined by Presidential Decree" in Article 33 (3) 2 of the Act means the following documents: Provided, That the documents specified in subparagraphs 2 through 5 shall be limited to those intended to change the purpose of reclamation after the completion of reclamation in an area is authorized: <Amended by Presidential Decree No. 22449, Oct. 14, 2010; Presidential Decree No. 23096, Aug. 25, 2011>
1. Documents describing the location, area of the reclaimed area (including an area to be reclaimed; the same shall apply hereinafter), the purpose of reclamation (specifying the purposes before and after the change), the reasons for the change, etc.;
2. Documents verifying the ownership of the reclaimed area;
3. Certified copies of official cadastral records of the reclaimed area and necessary drawings;
4. A statement of appraisal of the reclaimed area;
5. Documents verifying taxes, public charges, and appraisal expenses under subparagraphs 1 and 2 of Article 57 of the Enforcement Decree of the Public Waters Management and Reclamation Act;
6. A land use plan.
(2) Matters necessary for the preparation of the documents under paragraph (1) 1 and the method of submitting accompanying documents shall be prescribed by Ordinance of the Ministry of Land, Infrastructure, and Transport. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 24443, Mar. 23, 2013>
 Article 41-2 (Formulation, etc. of Plans for Special Regulations)
"Matters determined by Presidential Decree" in Article 34-2 (1) 3 of the Act means the following matters: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. The opinion of the enterprise city management council under Article 40 of the Act on a plan for special regulations (limited to cases where an enterprise city management council is formed);
2. Other matters specified by Ordinance of the Ministry of Land, Infrastructure, and Transport.
[This Article Newly Inserted by Presidential Decree No. 21759, Sep. 29, 2009]
 Article 41-3 (Special Cases of the Monopoly Regulation and Fair Trade Act)
(1) A person who wishes to become eligible for the special case under Article 34-2 (2) 4 of the Act shall file an application, stating the following matters, with the Minister of Land, Infrastructure, and Transport, along with a plan for special regulations: <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
1. The name and address of the business operator who intends to participate (hereinafter referred to as "participating business operator") in joint research and technology development (the name and address of the corporation and the name and address of its representative, if the participating business operator is a corporation) and its place of business;
2. Details of and reasons for joint research and technology development and the relationship to the basic direction-setting for the development of enterprise cities;
3. The estimated period of joint research and technology development;
4. Details of business of the participating business operator.
(2) The documents to be attached to the application under paragraph (1) shall be as follows: <Amended by Presidential Decree No. 27394, Jul. 26, 2016>
1. The participating business operator's business reports, statement of financial position, and income statements for the preceding two years;
2. A copy of the agreement or resolution on joint research and technology development, etc;
3. Documents evidencing that the joint research and technology development etc., meet the requirements for authorization under Article 19 (2) of the Monopoly Regulation and Fair Trade Act and Articles 24 and 24-3 of the Enforcement Decree of the said Act.
[This Article Newly Inserted by Presidential Decree No. 21759, Sep. 29, 2009]
 Article 41-4 (Special Cases Falling under the Elementary and Secondary Education Act)
(1) A foreigner to be qualified as a foreign language teacher for the specialized foreign language education under Article 34-2 (2) 6 of the Act shall meet any of the following requirements:
1. He/she shall meet the criteria for qualification as a secondary school teacher, as prescribed in Article 21 (2) and attached Table 2 of the Elementary and Secondary Education Act;
2. He/she shall have at least three-years-experience in education since he/she acquired the qualification for a teaching staff according to the law of his/her home country.
(2) A foreigner to be qualified as a foreign language instructor for the specialized foreign language education under Article 34-2 (2) 6 of the Act shall meet any of the following requirements:
1. He/she shall meet the requirement under paragraph (1) 1 or 2;
2. He/she shall have a bachelor's or a higher degree according to the law of his/her home country.
(3) When a person who meets the requirement under paragraph (2) 2 is appointed as an instructor of a foreign language, he/she shall complete a training course of at least four weeks provided by the Superintendent of Education of the relevant Metropolitan City, Special Self-Governing Province, or Do within six months after he/she is appointed.
(4) A foreign language teacher under paragraph (1) shall make an employment contract for three years, but the contract may be extended by up to three years consecutively.
(5) An instructor of a foreign language under paragraph (2) shall make an employment contract for not more than one year. The same shall also apply to the extension of the contract term.
(6) Notwithstanding Article 2 of the Regulations on Subsidization of Educational Expenses by Local Governments, the head of the Si/Gun having jurisdiction over the area designated and publicly notified as a development zone may provide subsidies for the remuneration for foreigners who serve as a teaching staff or instructor of a foreign language.
[This Article Newly Inserted by Presidential Decree No. 21759, Sep. 29, 2009]
 Article 41-5 (Special Cases of the Immigration Act)
(1) With regard to the following statuses of sojourn under Article 12 and attached Table 1 of the Enforcement Decree of the Immigration Act, the maximum period of sojourn permissible each time under Article 34-2 (2) 7 of the Act shall be seven years:
1. Professorship (E-1);
2. Research (E-3);
3. Technology Transfer (E-4);
4. Professional Employment (E-5);
5. Special Occupation (E-7).
(2) The confirmation by the head of the relevant Si/Gun under Article 34-2 (2) 7 of the Act shall be made by issuing a letter of recommendation related to the relevant project, and the guidelines for issuing such letters of recommendation shall be separately determined by the Minister of Land, Infrastructure, and Transport in consultation with the Minister of Justice. <Amended by Presidential Decree No. 24443, Mar. 23, 2013>
[This Article Newly Inserted by Presidential Decree No. 21759, Sep. 29, 2009]
 Article 41-6 (Provision of Foreign Language Services)
(1) The language in which services shall be provided under Article 34-2 (2) 8 (d) of the Act shall be English in principle, but other languages may be provided, if deemed necessary. <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
(2) The scope of foreign language services under Article 34-2 (2) 8 (d) of the Act shall be as follows: <Amended by Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
1. Statutes relevant to development projects;
2. Development plans;
3. Various business manuals and informative materials prepared by administrative agencies in connection with development projects;
4. Documents sent to foreigners (including foreign organizations; the same shall apply hereinafter) from development zones;
5. Responses to civil petitions submitted by foreigners in a development zone;
6. Answers to foreigners' inquiries, resolving their complaints, and counselling services;
7. Various public announcements and notifications given under the Act or this Decree;
8. Other matters that the Minister of Land, Infrastructure, and Transport publicly notifies as deemed necessary for foreigners' convenience.
(3) Upon receipt of a request from a foreigner in a development zone, the relevant administrative agency shall provide the foreigner with an English translation of the materials referred to in paragraph (2) and may provide the foreigner with interpretation services, if necessary.
(4) In order to provide foreign language services under paragraph (2), the relevant administrative agency may place interpreters, translators, and other necessary professionals and may prepare and keep relevant materials, etc.
(5) Upon receipt of a request from a foreigner in a development zone, the relevant administrative agency may prepare and submit documents for a civil petition and assist the foreigner in processing the civil petition.
[This Article Newly Inserted by Presidential Decree No. 21759, Sep. 29, 2009]
 Article 42 (Criteria for Recommendation of Autonomous Schools)
Pursuant to Article 36 (2) of the Act, if any high school established in a development zone meets the following criteria, the head of the relevant Si/Gun may recommend the high school to the Superintendent of Education for designating it as a school eligible for special treatment under Article 61 of the Elementary and Secondary Education Act or a school operating educational curricula eligible for such special treatment:
1. Where the project operator requests recommendation because it is necessary to improve educational conditions of high schools in the development zone;
2. Where at least two high schools exist in the development zone and it is necessary to improve educational conditions.
 Article 43 (Incidental Business of Medical Corporations)
"Incidental business determined by Presidential Decree" in Article 37 (5) of the Act means the following incidental business operations: <Amended by Presidential Decree No. 20791, May 26, 2008; Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24018, Aug. 3, 2012>
2. Installation and operation of children's welfare facilities under Article 50 (2) of the Child Welfare Act;
3. Installation and operation of housing welfare facilities for the elderly under Article 33 (2) of the Welfare of Older Persons Act and medical welfare facilities for the aged under Article 35 (2) of said Act;
4. Installation and operation of a hot spring rest area designated under Article 9 of the Hot Spring Act;
5. Installation and management of private crematory and charnel facilities under Article 15 (1) of the Act on Funeral Services, Etc. and funeral home business under Article 29 (1) of the said Act;
6. Installation and operation of annexed parking lots under Article 19 (1) of the Parking Lot Act.
 Article 44 (Composition and Operation of City Development Committee)
(1) The governmental members under Article 39 (4) 2 of the Act shall consist of the following persons. If a central administrative agency has two or more Vice Minister or public officials at the rank of Vice Minister, the Vice Minister or the public official at the rank of Vice Minister designated by the head of the central administrative agency shall serve as the governmental member: <Amended by Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 24908, Dec. 4, 2013; Presidential Decree No. 25751, Nov. 19, 2014; Presidential Decree No. 28211, Jul. 26, 2017>
1. Vice Minister of Strategy and Finance;
1-2. Vice Minister of Education;
2. Vice Minister of Science and ICT;
3. Vice Minister of the Interior and Safety;
4. Vice Minister of Culture, Sports and Tourism;
5. Vice Minister of Agriculture, Food, and Rural Affairs;
6. Vice Minister of Trade, Industry, and Energy;
7. Vice Minister of Health and Welfare;
8. Vice Minister of Environment;
9. Vice Minister of Employment and Labor;
9-2. Vice Minister of Gender Equality and Family;
9-3. Vice Minister of Oceans and Fisheries;
10. A public official at the rank of Vice Minister from the Office for Government Policy Coordination;
11. Vice Chairperson of the Financial Services Commission.
(2) When the City Development Committee deems necessary, it may request the heads of relevant agencies and administrative agencies to submit necessary materials and may hear explanations by persons who have abundant knowledge about enterprise cities or innovation cities. <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
(3) The Governor of a Special Self-Governing Province or Do or the head of a Si/Gun may attend a meeting of the City Development Committee and express his/her opinions on the enterprise city or innovation city at issue. <Amended by Presidential Decree No. 21759, Sep. 29, 2009; Presidential Decree No. 23096, Aug. 25, 2011>
(4) The term of non-governmental committee members under Article 39 (4) 1 of the Act shall be two years. <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
(5) If either of the chairperson deems it necessary, he/she may convene a meeting of the City Development Committee. <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
(6) A meeting of the City Development Committee shall be duly formed with the attendance of a majority of current members, and a resolution may be adopted by affirmative votes of the majority of the members present at the meeting. <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
(7) The City Development Committee shall have an executive secretary, and the executive secretary shall be appointed by the Minister of Land, Infrastructure, and Transport from among public officials of the Ministry of Land, Infrastructure, and Transport. <Amended by Presidential Decree No. 20722, Feb. 29, 2008; Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
(8) Except as otherwise expressly provided for in this Decree, matters necessary for the operation of the City Development Committee shall be determined by the Minister of Land, Infrastructure, and Transport who serves as a chairperson, subject to resolution by the City Development Committee. <Amended by Presidential Decree No. 23096, Aug. 25, 2011; Presidential Decree No. 24443, Mar. 23, 2013>
 Articles 44-2 and 44-3 Deleted. <by Presidential Decree No. 27394, Jul. 26, 2016>
 Article 45 (Enterprise City Management Councils)
(1) The enterprise city management council under Article 40 of the Act (hereinafter referred to as the "Council") shall be comprised of up to 20 members, including one chairperson and one vice chairperson.
(2) Except as otherwise expressly provided for in this Decree, matters necessary for the composition and operation of the Council shall be prescribed by Municipal Ordinance of the relevant Si/Gun.
 Article 46 (Notification on Change in Public Works Projects)
(1) When the cancellation of designation of a former project is published for public notice in the Official Gazette or the official bulletin of the relevant local government under Article 43 (3) of the Act, the project operator shall give notice on the change in the public works project to the persons who hold rights to repurchase land under Article 91 (1) of the Act on Acquisition of and Compensation for Land, etc. for Public Works Projects (hereafter referred to as "repurchase right holders" in this Article) pursuant to Article 43 (6) of the Act: Provided, That the public announcement under paragraph (2) may be made in lieu of such notice, if it is impracticable to identify a repurchase right holder or to find the address, abode, or any other place of a repurchase right holder for service of the notice.
(2) The public announcement under the proviso to paragraph (1) shall be made by the relevant project operator by sending the documents to be publicly announced to the head of the Si/Gun/Gu (including the head of a non-autonomous Gu) having jurisdiction over the location of the land at issue to have such documents posted on the bulletin board of the Si/Gun/Gu (including a non-autonomous Gu) for 14 days.
 Article 47 (Enterprises in Cooperative Relations)
"An enterprise in cooperative relations" in the former part of Article 45 (2) of the Act means an enterprise that manufactures goods under an outsourcing contract entered into with the project operator or an enterprise that has invested in the project operator's capital (hereinafter referred to as "project operator or its related company") for the manufacturing, processing, repair, transportation, or sale (hereinafter referred to "manufacturing") of goods, work-in-progress, or raw materials (hereinafter referred to as "goods") or an enterprise that provides services necessary for manufacturing products of the project operator or its related company, which has entered into an agreement to move into the enterprise city.
 Article 48 (Incidental Expenses Incurred in Acquisition of Land, etc.)
"Incidental expenses determined by Presidential Decree" in Articled 48 (8) of the Act means the registration fees for acquiring land and incidental expenses thereto and designing expenses and expenses incidental thereto. <Amended by Presidential Decree No. 23096, Aug. 25, 2011>
 Article 49 Deleted. <by Presidential Decree No. 26748, Dec. 22, 2015>
 Article 50 (Delegation of Authority)
(1) The Minister of Land, Infrastructure, and Transport shall delegate the following authorities to the heads of Regional Construction and Management Administrations in accordance with Article 51 of the Act: <Newly Inserted by Presidential Decree No. 27394, Jul. 26, 2016>
1. The modification of designation of a development zone and the publication of such fact prescribed in Article 5 (1) and (5) of the Act (limited to the modification of minor matters related to a development zone as specified in the subparagraphs of Article 3);
2. The authorities for each of the following matters related to a development plan: Provided, That this shall not apply to the cases involving the modification of designation of a development zone prescribed in Article 5 (1) of the Act, except for the cases involving the modification of only minor matters related to a development zone prescribed in subparagraph 1:
(a) Approval for any proposed revision of a development plan prescribed in Article 11 (1) of the Act;
(b) Consultation on approval for any revision of a development plan prescribed in Article 11 (3) of the Act;
(c)  Publication of approval for any revision of a development plan prescribed in Article 11 (4) of the Act.
3. The authority for each of the following matters related to an implementation plan:
(a) Approval for an implementation plan or approval for any proposed revision thereto prescribed in Article 12 (1) of the Act;
(b) Hearing of opinions concerning approval for an implementation plan or any revision thereto prescribed in Article 12 (4) of the Act;
(c)  Publication of approval for an implementation plan or any revision thereto, and forwarding of copies of relevant documents prescribed in Article 12 (5) of the Act;
4. Approval for extension of a period for applying for adjudication of expropriation provided for in the proviso to Article 14 (4) of the Act;
5. Approval for a plan for issuing the land redemption bonds provided for in Article 15 (2) of the Act;
6. Order to carry out a project implementation plan, etc. provided for in Article 16 (3) of the Act;
7. Consultation on an inspection on completion of the construction works of a development project, and the implementation of such inspection prescribed in Article 17 (1) of the Act;
8. Issuance of a certificate of completion inspection, the public announcement of the completion of construction work, and an order to take necessary measures including supplementary works, etc. prescribed in Article 18 of the Act;
9. Post-adjustment of cost-sharing prescribed in Article 20 of the Act;
10. Approval for advance payment prescribed in Article 21 (2) of the Act;
11. Use of a letter of guarantee for implementation, etc. for the refund of advance payment prescribed in Article 21 (3) of the Act;
12. Consultation on cancellation of the purpose of use of State or public land or the disposition thereof prescribed in the latter part of Article 27 (2) of the Act;
13. Approval for a management council referred to in Article 40 (5) of the Act;
14. Order to file necessary reports or submit materials and inspection of matters concerning duties and accounting prescribed in Article 46 (1) of the Act;
15. Administrative dispositions against offenders of the Acts, etc. prescribed in Article 47 of the Act in relation to matters that have been delegated;
16. Hearings referred to in Article 49 of the Act in relation to matters that have been delegated.
(2)  Pursuant to Article 51 of the Act, the Minister of Land, Infrastructure, and Transport shall delegate his/her authority for designating operators of projects for installing arterial facilities and public convenience facilities under Article 8 (3) of the Act to the head of a Si/Gun. <Amended by Presidential Decree No. 24443, Mar. 23, 2013; Presidential Decree No. 27394, Jul. 26, 2016>
[This Article Newly Inserted by Presidential Decree No. 22421, Oct. 1, 2010]
 Article 51 (Re-examination on Regulations)
The Minister of Land, Infrastructure, and Transport shall examine the appropriateness of the following matters every three years, counting from the base date of January 1, 2017 (referring to the period that ends on the day before January 1 of every third year) and shall take measures, including improvements:
1. The requirements for designation as a development zone, etc. prescribed in Article 8;
2. The minimum area for a development zone referred to in Article 9;
3. The acts subject to permission referred to in Article 13 (1);
4. The criteria for the designation of a development-project operator, etc. prescribed in Article 14;
5. Minor modifications to a development plan prescribed in Article 15;
6. Scale of the issuance of land redemption bonds prescribed in Article 20;
7. The ratio of direct use of land provided for in Article 30 (1);
8. Matters exempted from approval for modifications of a business plan of a registered sports facility business prescribed in the Installation and Utilization of Sports Facilities Act, as provided for in Article 37.
[This Article Wholly Amended by Presidential Decree No. 27751, Dec. 30, 2016]
ADDENDA
Article 1 (Enforcement Date)
This Decree shall enter into force on May 1, 2005.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 19254, Dec. 31, 2005>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2006. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 19422, Mar. 29, 2006>
Article 1 (Enforcement Date)
This Decree shall enter into force on April 1, 2006.
Article 2 Omitted.
ADDENDUM <Presidential Decree No. 19739, Nov. 23, 2006>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 20136, Jun. 29, 2007>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDA <Presidential Decree No. 20722, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 20791, May 26, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 21025, Sep. 22, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 21515, May 29, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 21641, Jul. 27, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 31, 2009. (Proviso Omitted.)
Articles 2 through 15 Omitted.
ADDENDA <Presidential Decree No. 21759, Sep. 29, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 28, 2009. (Proviso Omitted.)
Article 2 (Special Provisions concerning Standard Areas of Development Zones)
Notwithstanding the amended provisions of Article 9 (2), where a development zone selected for a model project for a tourism and leisure enterprise city under Article 2 of the Addenda to the Special Act on the Development of Enterprise Cities (Act No. 7310) is subdivided into subdivisions for development the standard area of each development zone shall be at least 50/100 of the standard area under Article 9 (1) 3.
Article 3 Omitted.
ADDENDA <Presidential Decree No. 21887, Dec. 15, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDA <Presidential Decree No. 22075, Mar. 15, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on March 19, 2010. (Proviso Omitted.)
Article 2 Omitted.
ADDENDA <Presidential Decree No. 22421, Oct. 1, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on October 6, 2010. (Proviso Omitted.)
Article 2 (Transitional Measure concerning Consortium Established by Single Private Company)
A consortium established by a single private company in accordance with former Article 14 (1) 2 before this Decree enters into force shall be deemed a consortium under the amended provisions of Article 14 (1) 1.
Article 3 Omitted.
ADDENDA <Presidential Decree No. 22449, Oct. 14, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on October 16, 2010.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 22493, Nov. 15, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 18, 2010.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 22637, Jan. 24, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 24, 2011. (Proviso Omitted.)
Articles 2 through 23 Omitted.
ADDENDA <Presidential Decree No. 22815, Apr. 1, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on April 1, 2011.
Articles 2 through 10 Omitted.
ADDENDUM <Presidential Decree No. 23096, Aug. 25, 2011>
This Decree shall enter into force on August 31, 2011.
ADDENDA <Presidential Decree No. 23297, Nov. 16, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Article 2 Omitted.
ADDENDA <Presidential Decree No. 23525, Jan. 20, 2012>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Applicability to Public Notification of Cancelled Designation of Development Zones)
The amended provisions of Article 11-2 shall apply where the cancellation of designation of a development zone is publicly notified after this Decree enters into force.
Article 3 (Applicability to Rate for Calculation of Reasonable Development Gains)
The amended provisions of attached Table 2 shall apply to the proposals filed for the designation of a development zone after this Decree enters into force.
ADDENDA <Presidential Decree No. 23718, Apr. 10, 2012>
Article 1 (Enforcement Date)
This Decree shall enter into force on April 15, 2012. (Proviso Omitted.)
Articles 2 through 15 Omitted.
ADDENDUM <Presidential Decree No. 23928, Jul. 4, 2012>
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
ADDENDA <Presidential Decree No. 24018, Aug. 3, 2012>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 5, 2012.
Articles 2 through 7 Omitted.
ADDENDA <Presidential Decree No. 24155, Oct. 29, 2012>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 1, 2012. (Proviso Omitted.)
Articles 2 and 3 Omitted.
Article 4 (Applicability to Amendment of the Enforcement Decree of the Special Act on the Development of Enterprise Cities)
(1) The amended provisions of Article 9 (2) of the Enforcement Decree of the Special Act on the Development of Enterprise Cities shall begin to apply from the development zone of an enterprise designated or the development zone already designated for an enterprise city, first changed after this Decree enters into force.
(2) The amended provisions of Article 32 of the Enforcement Decree of the Special Act on the Development of Enterprise Cities shall apply where a report on the results of the implementation of a development project is submitted under Article 20 (1) of the Special Act on the Development of Enterprise Cities on or after January 1, 2013.
(3) The amended provisions of Article 33 of the Enforcement Decree of the Special Act on the Development of Enterprise Cities shall apply where an application for approval is filed with the Minister of Land, Transport and Maritime Affairs in order to receive an advance payment after this Decree enters into force.
(4) The amended provisions of attached Table 2 of the Enforcement Decree of the Special Act on the Development of Enterprise Cities shall apply where a proposal for the designation of a development zone is filed after this Decree enters into force or an application for inspection for completed works is filed on or after January 1, 2013.
Articles 5 through 11 Omitted.
ADDENDA <Presidential Decree No. 24443, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 24908, Dec. 4, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 5, 2013.
Article 2 (Applicability to Items of Total Project Cost of Development Project)
The amended provisions of subparagraph 3 (e) in the remarks of attached Table 3 shall also apply where a development zone has been already designated and a development project is in progress at the time this Decree enters into force.
ADDENDUM <Presidential Decree No. 25050, Dec. 30, 2013>
This Decree shall enter into force on January 1, 2014. (Proviso Omitted.)
ADDENDA <Presidential Decree No. 25249, Mar. 11, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 25751, Nov. 19, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That the amended part of any Presidential Decree already promulgated before this Decree enters into force but has not entered into force yet, among the Presidential Decrees amended by Article 5 of the Addenda, shall enter into force on the enforcement date of the relevant Presidential Decree.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 25840, Dec. 9, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Articles 2 through 16 Omitted.
ADDENDUM <Presidential Decree No. 26239, May 12, 2015>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 26748, Dec. 22, 2015>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 23, 2015.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 27394, Jul. 26, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures concerning Delegation of Authority)
Notwithstanding the amended provisions of Article 50 (1) 1 through 3, the former provisions shall apply when the procedures are being implemented for the modification of designation as a development zone, approval for any revision to a development plan, approval for an implementation plan or any revision thereto as at the time this Decree enters into force.
ADDENDA <Presidential Decree No. 27444, Aug. 11, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 12, 2016.
Articles 2 through 8 Omitted.
ADDENDA <Presidential Decree No. 27471, Aug. 31, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on September 1, 2016.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 27472, Aug. 31, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on September 1, 2016.
Articles 2 through 7 Omitted.
ADDENDA <Presidential Decree No. 27751, Dec. 30, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2017. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDA <Presidential Decree No. 28211, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 8 Omitted.