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National Assembly Legislation

  • Industrial Cluster Development and Factory Establishment Act
    • Competent Ministry : Ministry of Trade, Industry and Energy
    • Advance Publication of Legislation : 2020-06-25
    • Opinion Submission Deadline : 2020-07-09
Reasons for Proposal

As the local talent drain into the metropolitan area worsens, the development gap between the metropolitan and non-metropolitan areas is widening, which also threatens sustainable local development.

To solve this problem, the government is making it obligatory for some locally transferred public institutions to hire a certain percentage of local talent.

Such obligatory hiring of local talent not only serves to employ local young people, but also solves the imbalance between the metropolitan area and the local region. Opinions are being suggested that this should be expanded to companies that receive tax support from the national and local governments, enhancing its effectiveness.

Especially in the case of occupant enterprises in the industrial complex, it is necessary for them to contribute to some extent to revitalizing the local economy, considering that they are receiving support in the form of tax relief and administrative convenience.

Accordingly, make it obligatory for the occupant enterprises in the industrial complex to hire local talent as prescribed by Presidential Decree (Article 49-2, newly inserted).


Major Provisions

Hiring local talent in the Industrial Complex (Article 49-2)

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