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Foreign Investment Promotion Act — Article 19 (Support Measures for Foreign Investment Zones)

외국인투자 촉진법 제19조

This English translation is based on the Korean text effective 2023-12-14. The Korean law has since been amended (current version effective 2026-01-02) — check the Korean original.

(1) Articles 28 and 29 of the Industrial Sites and Development Act shall apply mutatis mutandis to bearing the costs required for the development of a foreign investment zone and providing support for infrastructure, such as harbors, roads, water-supply facilities, railways, communications, and electric facilities, which is necessary for the efficient formation of a foreign investment zone; provided, this shall not apply where all or part of an already developed national industrial complex, general industrial complex, or urban high-tech industrial complex is designated as a foreign investment zone. <Amended on Feb. 4, 2020>

(2) The traffic generation charges imposed under Article 36 of the Urban Traffic Improvement Promotion Act shall be exempted for the construction of facilities, etc. in a foreign investment zone.[This Article Wholly Amended on Jan. 30, 2009]

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