(1) In order to stimulate foreign investment, the Minister of Trade, Industry and Energy shall formulate a plan to stimulate foreign investment (hereinafter referred to as "stimulus plan") each year by integrating and coordinating plans to stimulate foreign investment submitted by the heads of relevant central administrative agencies, the Special Metropolitan City Mayor, Metropolitan City Mayors, Special Self-Governing City Mayor, Do Governors, or the Governor of a Special Self-Governing Province (hereinafter referred to as "Mayor/Do Governor") pursuant to paragraph (3), and determine such plan after deliberation thereon by the Foreign Investment Committee. <Amended on Apr. 5, 2010; Dec. 11, 2012; Mar. 23, 2013>
(2) Each stimulus plan shall include the following matters:
1. Basic direction-setting for stimulating foreign investment;
2. Analysis of circumstances of foreign investment, such as Korean companies’ trends in entering into overseas markets and the industrial structure in the Republic of Korea;
3. A plan for inviting foreign investment;
4. A plan for assisting agencies engaging in activities of inviting foreign investment.
(3) The heads of related central administrative agencies and the Mayors/Do Governors shall submit a foreign investment stimulus plan for the following year to the Minister of Trade, Industry and Energy by December 31 each year. <Added on Apr. 5, 2010; Mar. 23, 2013>
(4) The Minister of Trade, Industry and Energy, the heads of related central administrative agencies and the Mayors/Do Governors shall submit the implementation outcomes concerning the stimulation of foreign investment of the previous year to the Foreign Investment Committee by the end of February of the following year, and the Foreign Investment Committee shall evaluate such outcomes. <Added on Apr. 5, 2010; Mar. 23, 2013>
(5) The Minister of Trade, Industry and Energy may request the Mayors/Do Governors, the president of the Korea Trade-Investment Promotion Agency established under the Korea Trade-Investment Promotion Agency Act (hereinafter referred to as the "Korea Trade-Investment Promotion Agency") and the heads of relevant financial institutions prescribed by Presidential Decree to submit data necessary for formulating a stimulus plan, etc. <Amended on Apr. 5, 2010; Mar. 23, 2013>
(6) Upon receipt of a request made under paragraph (5), the Mayors/Do Governors, the president of the Korea Trade-Investment Promotion Agency and the heads of the relevant financial institutions shall comply therewith, unless there is a compelling reason not to do so. <Amended on Apr. 5, 2010>[This Article Wholly Amended on Jan. 30, 2009][Title Amended on Apr. 5, 2010]