Relaxation of Regulations and Burdens
Details of Regulations and Burdens Relaxation
Easing of Regulators and Burdens Details Table - Incentives, Highlights and Related Laws Provided Table
| Incentives |
Main Contents |
Related Laws |
| Relaxation of Labor Regulations |
- Exclusion of compulsory employment for patriots and veterans, people with disabilities, seniors, etc.)
- Exclusion of temporary worker period and target work regulations
- Approval of unpaid holidays, unpaid menstrual leave, etc.
|
Articles 17-1, 17-4 & 17-5 of the Free Economic Zone Act |
| Application exclusion of the Metropolitan Area Maintenance Planning Act |
- Non-application of Article 7 (restrictions on overconcentration control areas activities) of the Metropolitan Area Maintenance Planning Act, Article 8 (restrictions on growth management areas activities), Article 12 (imposition and collection of overcrowding charges), Article 18 (regulation of the total amount of facilities that cause concentration of population), and Article 19 (regulation on large-scale development projects) for foreign-invested companies
|
Article 17-3 of the Free Economic Zone Act |
| Forex trading freedom |
- Ordinary transactions may be paid directly in foreign currency.
|
Article 21 of the Free Economic Zone Act |