(1) Reasons for Proposal

These Guidelines aim to supplement and improve some of the shortcomings that have emerged during the operation, such as simplifying the procedure for establishing the annual industrial complex designation plan in operation to stabilize the supply and demand of industrial complexes and establishing land price calculation criteria for determining the size of public facilities (within 50/100 of the increase in land prices) that may be installed by the project implementor while changing, etc., the development plan for development activities in the completed industrial complex by the authority approving implementation plans.

(2) Major Provisions

A. Simplify the procedure for establishing the annual industrial complex designation plan (Article 9-2) 

If any designation authority other than the Minister of Land, Infrastructure and Transport does not designate an industrial complex reflected in the designation plan for the year, the industrial complex shall be deemed to have already been reflected in the designation plan for the next year on a one time only basis contrary to the previous provisions which state that the industrial complex in question shall be newly reflected in the designation plan for the next year.

B. Stipulate the method for calculating land prices when developing a completed industrial complex (Article 13-2) 

Since the method for calculating the increase in land prices is insufficient when a development plan is changed or an implementation plan is established in a completed industrial complex pursuant to Article 15-4 (4) of the Enforcement Decree of the Industrial Sites and Development Act, these Guidelines stipulate a specific method for calculating land prices.

C. Expand the supply scope for land for lease (Article 17) 

The target to which a public project implementor shall develop an industrial complex of a certain size or larger and lease the industrial facility land was SMEs in the past, but the Guidelines are changed so that win-win enterprises creating local jobs may also be included in the target in the case of industrial complexes in regions outside the Seoul Metropolitan Area from now on.

D. Mitigate the conditions for compensation for loss of development cost (Article 26-18) 

If a project operator intends to compensate for losses resulting from sales that were less than the development cost with profits from the sale of other industrial complexes, the Guidelines improve the provision so that the losses in designated industrial complexes may be compensated for from now on, under which the decision had to be made at a time prior to the designation of the industrial complex in the past. Also, the Guidelines improve the provision so that the losses may be compensated for with the profits from the joint implementation of industrial complexes with project implementors participating without a stake from now on, contrary to the past when such losses could only be compensated for by the profits of industrial complexes implemented only by the same project implementor.