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For Developing an Investment Environment

CONTINUOUS EFFORTS TO RELIEVE THE RESTRICTIONS ON THE NATIONAL CAPITAL REGION

  • Continuous efforts have been made to revise the Capital Region Readjustment Planning Act, the Act on the Activation of Industrial Integration and Plant Establishment, and the Local Government Finance Act, and to provide support for low-cost business sites, the purchase of public property through private contracts and long-term leases, and the recommendation of low-cost plant sites.

SIMPLIFICATION OF INVESTMENT PROCEDURES AND MORE CONVENIENT INVESTMENT ARRANGEMENTS

  • One-Stop Service from consultation to actual investment
    • Cooperative network with KISC, and provincial, municipal, and county governments
    • Places an individual to be in charge of each project, and organizes a taskforce
  • Fast processing of authorization and permission
    • Batch process system, automatic approval system, pre-approval system

SUPPLEMENTATION AND IMPROVEMENT OF VARIOUS INCENTIVE SYSTEMS SUPPORTS THE USE OF SITES AT LOW COST

  • Supports the use of sites at low cost
    • Provides the same fund support for domestic companies
    • Provides the same restructuring funds and operating funds for domestic companies
  • Continuously supplements the incentive system
    • Analyzes and applies the systems of advanced industrialized nations
    • Regularizes incentive development meetings in each division and bureau