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Foreign Investment Promotion Act — Article 20 (Special Cases concerning Other Statutes)

외국인투자 촉진법 제20조

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) Article 56 (1) 4 of the National Land Planning and Utilization Act shall not apply to partitioning of land within a foreign investment zone.

(2) Restrictions on export or import may be relaxed for a foreign-invested company that takes occupancy in a foreign investment zone, as prescribed by the Minister of Trade, Industry and Energy, notwithstanding Article 11 of the Foreign Trade Act. <Amended on Mar. 23, 2013>

(3) The following statutes shall not apply to a foreign-invested company that takes occupancy in a foreign investment zone: <Amended on Aug. 4, 2011; Sep. 15, 2011; Jan. 5, 2021>

1. Deleted; <Jan. 27, 2016>

2. Article 33-2 (1) of the Act on the Honorable Treatment of and Support for Persons, etc. of Distinguished Service to the State, Article 39 (1) of the Act on Support for Persons Eligible for Veteran's Compensation, Article 24-2 (1) of the Act on the Honorable Treatment of Persons of Distinguished Service to the May 18 Democratization Movement and Establishment of Related Organizations, and Article 21 (2) of the Act on Honorable Treatment of Persons of Distinguished Service during Special Military Missions and Establishment of Related Associations.

(4) Notwithstanding Article 20 (1) of the Industrial Cluster Development and Factory Establishment Act, a foreign-invested company that takes occupancy in a foreign investment zone may undertake new establishment, expansion or transfer of a factory of at least 500 square meters (including a knowledge industry center) or change its business type in a growth administration zone. <Added on Apr. 5, 2010>[This Article Wholly Amended on Jan. 30, 2009][Article 20 (3) 2 applicable until Dec. 31, 2011]

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