Major Amendments to the Knowledge Industry Center Ordinance and Strengthening of Administrative Enforcement Against Real Estate Speculation

The view of Changwon National Industrial Complex. (Photo by Changwon City)

The view of Changwon National Industrial Complex. (Photo by Changwon City)

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[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City in Gyeongnam announced follow-up measures on the 5th as part of strengthening the industrial competitiveness of the Changwon National Industrial Complex, following the revision of the ordinance related to the Knowledge Industry Center.


Through this ordinance revision, the following were removed: ▲construction restrictions on industrial land (adjacent land) of 10,000㎡ or more ▲construction restrictions within 5 years after parcel division ▲provisions related to opinion inquiries before establishment approval.


As follow-up measures to these eased restrictions, Changwon City decided to operate an illegal activity response team to ensure public interest.


At each stage, emphasis is placed on securing public interest so that the Knowledge Industry Center faithfully fulfills its role as a cultural complex space that grows together with the local community. Through the operation of the illegal activity response team within the National Industrial Complex, the city plans to verify the appropriateness of tax reductions and the validity of various permits and approvals.



Ryu Hyo-jong, Director of the Smart Innovation Industry Bureau, stated, "We will innovate the Changwon National Industrial Complex into a new manufacturing advanced complex integrating digital and smart technologies, creating an industrial complex where youth jobs are generated through the activation of startups and fostering of new industries."


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

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