The Democratic Party has confirmed plans to introduce three related bills to support the 'Super Mega Special Zone Act,' aimed at backing major projects such as the Honam semiconductor cluster.
According to reports from Aju Economy, members of the Democratic Party in the National Assembly's Political Affairs Committee plan to propose the 'Special Act on Designation and Operation of Super Mega Strategic Industry Special Zones for Local-Driven Growth' alongside supporting legislation to attract large-scale investments and promote strategic industries.
The Super Mega Special Zone Act will include labor exemption provisions and cover areas such as the application and designation of special zones, the establishment and support of special leading areas for renewable energy, various regulatory exemptions, and comprehensive support policies related to finance, talent, infrastructure, and taxation.
To support the Super Mega Special Zone Act, three related bills are expected to be introduced, including provisions for land and public property use exemptions for mega special zone projects.
Specifically, these include the Land Compensation Act, which incorporates special zone projects into land acquisition and use exemptions; the Public Property Special Exemption Act, which adds special zone projects to public property use exemptions; and the Basic Land Use Regulation Act, which designates renewable energy complexes as subjects of land use regulation.
Earlier, the Democratic Party announced that it would propose both a version of the Super Mega Special Zone Act that includes labor exemptions related to the 52-hour workweek and one that does not. During a meeting on national audit countermeasures, Democratic Party floor leader Han Byung-do stated, 'The Super Mega Special Zone Act is designed to expand growth opportunities concentrated in the metropolitan area to the entire nation, supporting each region to lead the future of Korea centered on strategic industries.' He acknowledged the diverse opinions surrounding key issues such as labor hour exemptions and explained, 'The Democratic Party will submit two bills: one that includes exemptions and one that does not.'
* This article has been translated by AI.
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