Support Projects Also Possible for Planned New Port Area

Partial Amendment to the Enforcement Decree of the Act on Promotion of New Port Construction Passed at the State Council Meeting

Ministry of Oceans and Fisheries to Promote Pilot Project for Support Plan Establishment at Busan Port 2nd New Port Site... Plans to Expand to Other Sites

Current Status of Designated New Ports.

[Asia Economy Reporter Joo Sang-don] The Ministry of Oceans and Fisheries announced on the 18th that the partial amendment of the Enforcement Decree of the New Port Construction Promotion Act was passed at the Cabinet meeting and, together with the New Port Construction Promotion Act, will be enforced on the 19th.

The recently passed partial amendment of the enforcement decree follows the revision of the New Port Construction Promotion Act on February 18 this year, which reflected support plan establishment for new port construction planned areas, contract exceptions for local businesses, and employment preferences for local residents. The partial amendment of the enforcement decree includes delegated matters from the law such as procedures for establishing, approving, changing, and canceling support plans, as well as contract exception standards for local businesses.

For areas where specific facilities are attracted due to national needs, such as military airports and power plants, support projects for surrounding areas are possible through relevant laws and regulations. With the amendment of the New Port Construction Promotion Act, legal grounds have been established to support surrounding areas beyond direct damage compensation for new ports constructed to strengthen the nation's logistics functions.

Accordingly, the amended enforcement decree clarifies administrative procedures such as conditions for establishing, approving, changing, and canceling approval of support plans for new port planned areas, consultations with related agencies, public hearings, and notification methods, as well as criteria for preferential treatment of businesses registered in the planned areas. This is to ensure no disruption in the future establishment of support plans.

Lee Sang-ho, Director of Port Development at the Ministry of Oceans and Fisheries, said, "With the enforcement of the amended New Port Construction Promotion Act and enforcement decree, it is expected that the surrounding areas, which have been depressed due to new port construction, will be revitalized." He added, "The Ministry of Oceans and Fisheries plans to promote a pilot project for establishing a support plan for the Busan Port 2nd New Port (tentative name) planned area starting next year, and based on this, gradually expand to other new port construction planned areas."

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