Expansion of Logistics Complex Project Land Readjustment to Include Manufacturing, Finance, Information, and Research Facilities Allowed

In future logistics complex development projects, the scope of land readjustment (환지, Hwanji) for landowners will be expanded from logistics terminals and warehouses to include support facilities within the logistics complex. Hwanji refers to the act of the project implementer returning land to the original owner by changing its purpose through the development project without purchasing the land (there is no change in ownership rights).

The Ministry of Land, Infrastructure and Transport will publicly announce the draft amendment to the "Enforcement Decree of the Act on Logistics Facilities and Operations" for 28 days from the 20th until January 17 of next year.

The amendment allows land readjustment even when a party other than the landowner or association implements the project, in cases where the landowner intends to install processing/manufacturing facilities, information processing facilities, financial, insurance, medical, educational, research, or office facilities on land developed through the logistics complex. Additionally, when the landowner or association implements the project, land readjustment will be permitted for all land and facilities developed through the logistics complex.

Until now, local governments, industry, and related experts have raised opinions requesting the expansion of facilities subject to land readjustment to protect the rights of existing landowners within logistics complex development areas and to facilitate smooth project implementation.

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