Revised Enforcement Decree for Saemangeum Project Act to be pre-announced starting 7 November to provide foreign companies new
investments possibilities based on their parent companies’ credit grades instead of getting evaluations under Korean corporation standards
The Ministry of Land, Infrastructure and Transport (MOLIT, Minister PARK Sang-woo) and the Saemangeum Development and Investment
Agency (SDIA, Administrator KIM Kyung-ahn) will be pre-announcing the revised Enforcement Decree of the Special Act on Promotion and
Support for Saemangeum Project for 40 days from 7 November to 16 December.
The purposes of this revision are to activate foreign investments in the Saemangeum area and to improve the operating standards of the
Architecture Committee with the following key provisions.
Please refer to the attached files or the preview for more details!