1. Reason for Revision

The proposed revision aims to align the definition of agricultural and fishery corporation eligible for the temporary use of reclaimed land in preference under Article 22-2 (2) of the Enforcement Decree of the Agricultural and Fishing Villages Improvement Act with the Subparagraph 5 of Article 13 of the same Decree.

2. Main Contents

a. Newly founded damaged agricultural and fishery corporation will be granted the status if they are comprised exclusively of damaged farmers and fishermen (Subparagraph 7 of Article 3 of the draft).

* Persons entitled to temporary use in preference (Subparagraph 5 of Article 13 of the Enforcement Decree of the Agricultural and Fishing Villages Improvement Act): An agricultural partnership incorporated or agricultural company incorporated comprised of farmers and fishermen who have suffered a loss due to the implementation of a project for creating the relevant filled land, etc.

○ (Current) An agricultural partnership incorporated of which more than 1/2 of their total membership comprised of damaged farmers and fishermen; or an agricultural company incorporated for which 51% or more of its total capital invested → (Revision) An agricultural partnership incorporated or agricultural company incorporated comprised of damaged farmers and fishermen