Amendment to the Enforcement Decree of the Special Act on National Balanced Development Passed at the Cabinet Meeting

Prime Minister Han Deok-soo Presiding Over the Cabinet Meeting
(Sejong=Yonhap News) Reporter Kim Joo-hyung = Prime Minister Han Deok-soo (right) is presiding over the cabinet meeting held on the morning of the 14th at the Government Sejong Complex in Sejong City, connected via video with the Government Seoul Office. 2022.6.14
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[Asia Economy Sejong=Reporter Lee Jun-hyung] The amendment to the Enforcement Decree of the "Special Act on National Balanced Development" has been passed at the Cabinet meeting.

The Ministry of Trade, Industry and Energy announced on the 14th that the amendment to the Enforcement Decree of the Special Act on National Balanced Development, which stipulates support for super-regional cooperation projects and procedures for determining the location of newly established public institutions, was passed at the Cabinet meeting. The amendment to the enforcement decree is a follow-up measure following the promulgation of the amendment to the "Special Act on National Balanced Development."

The enforcement decree, which will take effect from the 22nd of this month, stipulates procedures for determining the location of newly established public institutions. Specifically, the head of the central administrative agency must prioritize non-capital region locations when establishing or newly approving public institutions in the future. Additionally, after hearing the opinions of the mayors and governors of the regions under consideration for the location, a location plan must be prepared and go through the review and resolution of the National Balanced Development Committee.

The enforcement decree, scheduled to take effect on August 4, stipulates procedures for establishing super-regional development plans and support for super-regional cooperation projects. According to the amendment, the heads of local governments that have established super-regions can formulate super-regional development plans every five years. If the local government heads wish to focus on some cooperative projects included in the development plan, they can conclude a super-regional area development investment agreement through consultation with related ministries. Upon conclusion of the agreement, the central government will support super-regional cooperation projects through support from the Special Account for National Balanced Development and by applying an increased rate of national treasury subsidies.

The government plans to actively support each local government to smoothly promote super-regional linkage and cooperation projects in line with the enforcement of the law. The Ministry of Trade, Industry and Energy plans to prepare guidelines for establishing super-regional development plans and distribute them to local governments within the second half of this year.

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