The 'Demonstration Special Case Project' with Proven Safety Transitions to 'Temporary Approval' as Legal Revisions Begin

Amendment to the Industrial Convergence Promotion Act Passed at the Cabinet Meeting

[Sejong=Asia Economy Reporter Joo Sang-don] From now on, demonstration exemption projects that have proven safety and other factors and have begun legal system improvements can be converted into temporary permits. This is intended to alleviate concerns that projects may be suspended if legal system improvements are not completed within the demonstration exemption period, even if safety and other factors are proven.

The Ministry of Trade, Industry and Energy announced that the amendment bill to the "Industrial Convergence Promotion Act" containing these provisions was reviewed and approved at the Cabinet meeting on the 8th.

First, according to the amendment, demonstration exemption project operators will be able to request the Ministry of Trade, Industry and Energy and heads of related administrative agencies (regulatory departments) to improve laws related to the exemption up to two months before the exemption expires. The procedure for determining the necessity of legal system improvements is specified as "the regulatory department reviews the necessity of legal system improvements based on the results of the exemption application and reports to the Regulatory Exemption Deliberation Committee → if safety and other factors are proven and the necessity of legal system improvements is determined, legal system improvements are immediately initiated (in case of disagreement, reviewed by the Regulatory Reform Committee)."

Grounds have also been established to convert demonstration exemption projects that have started legal system improvements after proving safety and other factors into temporary permits. Unlike demonstration exemptions, temporary permits automatically extend the validity period until legal system improvements are completed if the laws are not improved within the validity period, thus reducing concerns about project suspension.

The amendment to the Industrial Convergence Promotion Act, which passed the Cabinet meeting this time, will be promulgated on the 15th, undergo a three-month grace period, and be enforced from September 16.

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