Launch of Nationwide Factory Site Analysis Service

Ministry of Industry: "Permit Period Reduced from 3 Months to 30 Days"

[Asia Economy Reporter Moon Chaeseok] Starting from the end of July, a nationwide factory site analysis service will be officially launched.

The Ministry of Trade, Industry and Energy and the Korea Industrial Complex Corporation announced on the 27th that the revamped online factory establishment support system, 'Factory-On,' will be piloted in 8 cities and counties. It will be expanded nationwide from the end of July.

Factory-On is an online platform for factory establishment permits developed in 2010. Until now, there was no support function for location information, related company information, or permit information necessary for factory establishment. Both companies and public officials have had difficulties finding relevant laws and regulations.

First, a factory site analysis service will be newly established to help companies find factory sites easily and quickly.

It provides location information of land and buildings, information on nearby related companies, and permit-related information to support factory site selection.

It analyzes the current location status (zoning area) to determine whether factory establishment is possible. It also analyzes nearby similar industry factories, convenience facilities, and population status to provide the attractiveness of the factory site.

It analyzes permit information such as related laws, ordinances, and required documents for factory establishment in industrial complexes and non-industrial complexes to provide a final guide on whether factory establishment is possible.

The existing system will also be greatly improved. The factory establishment application system will be changed to an interactive system. Through related questions and selections, it will guide companies through the desired application procedures.

The application menu will be simplified, and the factory establishment application form and business plan will be made easier to write.

When local government officials handle permit tasks, related laws and required documents will be provided on the processing screen. This is expected to enable faster and more accurate work.

Once the civil application is completed, progress will be notified via KakaoTalk and other means. A mobile device confirmation function for businesspeople and local government officials will also be introduced.

An official from the Ministry of Trade, Industry and Energy said, "Businesspeople will be able to find the optimal location easily and quickly, and the permit processing burden on local government officials will also be reduced," adding, "The permit period, which used to take more than three months on average, is expected to be shortened to within 30 days."

This content was produced with the assistance of AI translation services.