Article 1 (Purpose)
The purpose of this Ordinance is to promote the inducement of investment in Jeju Special Self-Governing Province by prescribing matters for support to investment enterprises, etc. delegated by Articles 166, 168, 219 and 225 of the Special Act on the Establishment of Jeju Special Self-Governing Province and the Development of Free International City and Article 14 of the Foreign Investment Promotion Act.
Article 2 (Definitions)
The definitions of terms used in this Ordinance shall be as follows:
1. The term "investment enterprise" means an enterprise that invests in Jeju Special Self-Governing Province (hereinafter referred to as "Jeju Self-Governing Province") among enterprises falling under any of the following items:
(a) An enterprise that has moved into the Jeju Science Park or the Jeju Investment Promotion Zone under Articles 216 and 217 of the Special Act on the Establishment of Jeju Special Self-Governing Province and the Development of Free International City (hereinafter referred to as the "Special Act");
(b) A foreign investment enterprise, the percentage of foreign investment in which is more than 30 percent or the biggest stockholder of which is a foreigner, among foreign investment enterprises under Article 2 (1) 6 of the Foreign Investment Promotion Act;
(c) An enterprise engaged in cultural industries prescribed in items (a), (d) and (f) of subparagraph 1 of Article 2 of the Framework Act on the Promotion of Cultural Industries;
(d) An enterprise engaged in information and communication industries under Article 6 (3) of the Enforcement Decree of the Industrial Cluster Development and Factory Establishment Act;
(e) An enterprise engaged in knowledge-based industries under subparagraph 8 of Article 2 of the Industrial Cluster Development and Factory Establishment Act;
(f) An enterprise which is deemed by the Governor of Jeju Self-Governing Province (hereinafter referred to as the "Provincial Governor") to need support among enterprises engaged in industrial support service industries and industries that involve high technology essential to the strengthening of international competitiveness of knowledge industries under Article 121-2 (1) 1 of the Restriction of Special Taxation Act;
(g) An enterprise engaged in marketing service industries (hereinafter referred to as "telemarketing service industries") performing diversified functions, such as immediate provision of necessary information for customers, the introduction of new products or dealing with customers' complaints, by utilizing information and communication media, such as a telephone and a computer;
(h) An enterprise or organization that builds an educational institute (including a training institute) under subparagraph 10 (b) of attached Table 1 of the Enforcement Decree of the Building Act: Provided, That it shall be limited to cases where it has the auditorium that has a seating capacity of more than 100 people and accommodations that may accomodate more than 100 people at a time;
(i) An enterprise that relocates its head office, research institute or plant to Jeju Self-Governing Province from the region other than Jeju Self-Governing Province: Provided, That the real estate industry, the consumptive service industry and the construction industry shall be excluded herefrom;
(j) A foreign educational institution under Article 182 of the Special Act, an international high school under Article 187 of the same Act, or a foreign school under Article 188 of the same Act;
(k) A foreign medical institution under Article 192 of the Special Act, or a pharmacy only for foreigners under Article 193 of the same Act;
(l) An enterprise engaged in regional strategic industries, regional leading industries, specialized business, or knowledge service industries under the Special Act on Balanced National Development and the Standards of Financial Funds of the State on the Inducement of Local Investment Enterprises officially announced by the Minister of Knowledge Economy in accordance with the same Act.
2. The term "number of regular employees" means the average number of income earners for the preceding one year, who provide the relevant place of business or plant of an investment enterprise with labor to receive wages and who are entered in a report on the implementation conditions of withholding tax submitted to the competent tax office pursuant to Article 185 (1) of the Enforcement Decree of the Income Tax Act: Provided, That the number of regular employees of information and communication industries under subparagraph 1 (d) or telemarketing service industries under item (g) of the same subparagraph means the average number of regular employees for three months;
3. The term "plant" means a plant that has moved into a national industrial complex, general industrial complex, urban high-tech industrial complex, or agro-industrial complex designated and developed in accordance with the Industrial Sites and Development Act, in an industrial zone designated in accordance with the National Land Planning and Utilization Act, and a plant under subparagraph 16 of attached Table 20 of Ordinance of Jeju Special Self-Governing Province for Urban Planning;
4. The term "head office" means a place of business located at the seat of the head office and the main office specified in registration for establishment of an enterprise;
5. The term "research institute" means a research institute attached to an enterprise under Article 7 (1) 2 of the Technology Development Promotion Act and a research institute attached to a university under Article 25 of the Higher Education Act;
6. The term "enterprise relocated from the Seoul Metropolitan Area" means an enterprise relocated to Jeju Self-Governing Province pursuant to Article 19 (1) and (3) of the Special Act on Balanced National Development and Article 17 of the Enforcement Decree of the same Act;
7. The term "village investment inducement body" means an organization to induce investment formed by local residents who own developable land, in order to promote the inducement of investment by each village;
8. The term "enterprise that establishes or enlarges a place of business or plant" means an enterprise located in the Republic of Korea that establishes or enlarges a place of business or plant in Jeju Self-Governing Province pursuant to Article 11 of the Special Act on Balanced National Development and Article 15 of the Enforcement Decree of the same Act;
9. The term "enterprise relocated from the region other than the Seoul Metropolitan Area" means an enterprise located in the region other than the Seoul Metropolitan Area, other than an enterprise relocated from the Seoul Metropolitan Area under subparagraph 6, which has been conducting business for more than two years and employing more than 20 regular employees in the region before relocation and has moved into Jeju Self-Governing Province.
Article 3 (Preparation of Private Investment Inducement Promotion Plans)
A private investment inducement promotion plan under Article 225 (1) of the Special Act, intended for the period of three years, shall be prepared every year in connection with an investment plan by year pursuant to Article 222 (1) 17 of the Special Act, and officially announced on the homepage of Jeju Self-Governing Province and in the Official Gazette of Jeju Special Self-Governing Province.
Article 4 (Composition, etc. of Private Investment Inducement Committee)
(1) The Private Investment Inducement Committee of Jeju Special Self-Governing Province (hereinafter referred to as the "Committee") under Article 225 (3) of the Special Act shall be composed of not more than 15 members including one Chairperson and one Vice Chairperson.
(2) The Vice Governor of Jeju Self-Governing Province who presides over the affairs for the inducement of private investment shall be the Chairperson of the Committee, the Vice Chairperson shall be elected by the Committee from among its members, and the Provincial Governor shall appoint or commission its members from among the members of the Jeju Self-Governing Province Council, public officials belonging to Jeju Self-Governing Province and those who have profound knowledge of and extensive experience in private investment.
(3) The term of office of a commissioned member shall be two years, and he/she may be recommissioned: Provided, That the term of office of a member who fills a vacancy shall be the remainder of the term of office of his/her predecessor.
(4) The Committee shall hire one administrative secretary in order to conduct its affairs and the Chairperson shall appoint the administrative secretary from among the public officials belonging to Jeju Self-Governing Province.
Article 5 (Functions of Committee)
The Committee shall deliberate on the following matters:
1. Matters concerning a private investment inducement promotion plan under Article 3;
2. Matters concerning reward for the inducement of private investment under Article 9;
3. Matters concerning various support, such as the size of support and a method for support, to investment enterprises, etc. that make an investment in accordance with this Ordinance;
4. Other matters brought before the Committee by the Provincial Governor in connection with the inducement of private investment.
Article 6 (Duties, etc. of Chairperson)
(1) The Chairperson shall represent the Committee and preside over its affairs.
(2) Where the Chairperson is unable to perform his/her duties due to extenuating circumstances, the Vice Chairperson shall perform the duties of the Chairperson on his/her behalf.
(3) The Chairperson shall convene a meeting of the Committee and preside at the meeting thereof.
(4) A meeting of the Committee shall be held when a majority of the incumbent members attend the meeting and pass resolutions with the concurrence of a majority of the members present.
(5) If necessary for the performance of its duties, the Committee may require a related expert to attend its meeting and hear his/her opinion, and ask a related institution, organization, etc. for necessary cooperation, such as the presentation of data and opinions.
(6) The Committee may provide an allowance, etc. to its members and a related expert who attends and speaks at its meeting, in accordance with Ordinance of Jeju Special Self-Governing Province for Compensation of Actual Cost of Various Committees.
Article 7 (Composition, etc. of Private Investment Inducement Support Headquarters)
(1) The Private Investment Inducement Support Headquarters of Jeju Special Self-Governing Province (hereinafter referred to as the "Support Headquarters") under Article 225 (4) of the Special Act shall be composed of not more than 25 members including one Director and one Deputy Director.
(2) The Provincial Governor shall appoint members from among public officials who have profound knowledge of and extensive experience in the inducement of private investment.
(3) Article 6 shall apply mutatis mutandis to the operation of the Support Headquarters.
Article 8 (Detailed Rules for Operation)
Except as otherwise provided by this Ordinance, the Chairperson of the Committee shall determine necessary matters concerning the composition, operation, etc. of the Committee and the Support Headquarters through resolutions of the Committee.
Article 9 (Reward for Inducement of Private Investment)
(1) The Provincial Governor may provide a reward to a person who has contributed to the inducement of private investment of at least ten million US dollars in one project based on the actual results of the inducement of private investment, within budgetary limits.
(2) The Provincial Governor shall determine a reward under paragraph (1) following deliberation by the Committee.
(3) The Provincial Governor shall provide a reward under paragraph (1) for each project within the extent of 1/1,000 of the amount of private investment induced; however, where several investments have been made in one project, he/she shall provide a reward considering the total investments as the actual results of one-time inducement of private investment.
Article 10 (Investment Inducement Advisors)
(1) The Provincial Governor shall keep investment inducement advisors for each major city of various countries of the world under his/her control for consultation about the formulation of policies for the inducement of foreign investment and activities for the inducement of foreign investment.
(2) The Provincial Governor shall commission investment inducement advisors from among those falling under any of the following subparagraphs, and the period of commission shall be two years and they may be recommissioned:
1. An employee of an overseas institution or organization, such as the manager of an overseas Korea Business Center of the Korea Trade and Investment Promotion Agency (KOTRA);
2. An expert related to investment, such as an attorney-at-law or certified public accountant;
3. A professor or leading member of a regional association of Korean residents in a foreign country;
4. Other persons who have profound knowledge of and extensive experience in the inducement of foreign investment.
(3) Not more than five investment inducement advisors shall be allocated for each major city of various countries of the world, and the Provincial Governor may compensate them for travel expenses or the actual cost based on their activities for the inducement of investment, within budgetary limits.
Article 10-2 (Subsidization to Enterprises Relocated from Seoul Metropolitan Area and Enterprises that Establish or Enlarge Places of Business or Plants in Jeju Self-Governing Province)
(1) The Provincial Governor may subsidize enterprises relocated from the Seoul Metropolitan Area and enterprises that establish or enlarge places of business or plants in accordance with the Standards for Provision of Financial Funds of the State for the Inducement of Enterprises Investing in Regions of Local Governments officially announced by the Minister of Knowledge Economy pursuant to Articles 11 and 19 of the Special Act on Balanced National Development.
(2) Except as otherwise provided by Acts and subordinate statutes related to subsidization and other Acts and subordinate statutes, the Standards for Provision of Financial Funds of the State for the Inducement of Enterprises Investing in Regions of Local Governments shall apply to subsidization, such as enterprises eligible for subsidization, procedures for subsidization, or ex post facto management, under paragraph (1).
[This Article Newly Inserted by Ordinance No. 837, Jan. 11, 2012]
Article 11 (Subsidization to Enterprises Relocated from Regions other than Seoul Metropolitan Area)
(1) The Provincial Governor may subsidize enterprises relocated from regions other than the Seoul Metropolitan Area as follows, within budgetary limits:
1. A subsidy for a site: Where an enterprise relocated to Jeju Self-Governing Province sells in lots, purchases or leases land, etc. falling under any of the following items, within the extent of a quarter of the normal selling price in lots, purchase price or rent thereof (referring to prices calculated in consideration of the development costs, actual market prices, etc.): Provided, That it shall be limited to the extent not exceeding five times the size of a site or the building area for exclusive use before it is relocated to Jeju Self-Governing Province:
(a) Land in an industrial complex under subparagraph 8 of Article 2 of the Industrial Sites and Development Act owned by a developer of an industrial complex development project under Article 16 (1) of the same Act;
(b) Land, plant or building in an area other than an industrial complex under item (a).
2. A subsidy for investment in plant and equipment: Where an enterprise relocated to Jeju Self-Governing Province builds (including expenses for purchase or lease but excluding expenses for the residential purpose), purchases facilities and equipment, constructs infrastructure for investment in plant and equipment, within 10 percent of the amount of investment in plant and equipment;
3. A subsidy for employment: Where an investment enterprise establishes or enlarges a place of business or plant facilities, and newly employs residents of Jeju Self-Governing Province (referring to those who have their domiciles under the Resident Registration Act in Jeju Self-Governing Province for more than three consecutive months as of the date of employment), or graduates or graduates-to-be of a university located in Jeju Self-Governing Province (hereinafter referred to as "residents of the Province, etc.") as regular employees, not exceeding 500,000 Korean won a month per person exceeding ten persons within 12 months. In such cases, the total amount of subsidization per enterprise shall not exceed 100 million Korean won;
4. A subsidy for education and training: Where an investment enterprise newly employs residents of the Province, etc. as regular employees and conducts outside education and training (including in-house education and training entrusted to an outside institution), not exceeding 500,000 Korean won a month per person exceeding 10 persons for expenses actually incurred in education and training within six months. In such cases, the total amount of subsidization per enterprise shall not exceed 100 million Korean won.
(2) An enterprise that has been subsidized for employment or for education and training among subsidies under paragraph (1) shall maintain the number of persons for which it has been subsidized for more than three years from the date it is subsidized.
[This Article Wholly Amended by Ordinance No. 837, Jan. 11, 2012]
Article 11-2 (Subsidization to Enterprises that Invest in Information and Communication Industries and Telemarketing Service Industries)
(1) Where an enterprise engaged in information and communication industries under subparagraph 1 (d) of Article 2 or telemarketing service industries under subparagraph 1 (g) of Article 2 leases a building (including cases where it purchases a building) and employs residents of the Province, etc. as regular employees, the Provincial Governor may subsidize such enterprise as follows within budgetary limits:
1. A rent for a building: Where it employs more than 30 persons, up to 500 million Korean won for three years within the extent of 50 percent of a rent or the amount equivalent to the rent;
2. Expenses incurred in the purchase of facilities and equipment: Where it employs more than 30 persons, up to 300 million Korean won within the extent of 30 percent of the initial expenses for purchase; where it employs more than 50 persons but not more than 100 persons, up to 400 million Korean won within the extent of 40 percent of the initial expenses for purchase; and where it employs more than 100 persons, up to 500 million Korean won within the extent of 50 percent of the initial expenses for purchase;
3. A subsidy for employment and a subsidy for education and training: A subsidy for employment shall be up to 70 percent of the average wages for the preceding six months not exceeding one million Korean won per person exceeding 20 persons within six months, and where it employs more than 20 persons and conducts outside education and training (including in-house education and training entrusted to an outside institution), a subsidy for education and training shall be the actual expenses incurred in education and training not exceeding one million Korean won a month per person within six months. In such cases, the total amount of subsidization per enterprise shall not exceed 300 million Korean won, respectively.
(2) Where an enterprise (referring to a branch office) subsidized pursuant to paragraph (1) is subsidized pursuant to Articles 10-2, 11, 11-3 (1) and 17 because its head office is relocated to Jeju Self-Governing Province, the Provincial Governor may subsidize it after deducting subsidies already granted pursuant to paragraph (1).
[This Article Newly Inserted by Ordinance No. 837, Jan. 11, 2012]
Article 11-3 (Subsidization to Foreign Investment Enterprises)
(1) Article 10-2 shall apply mutatis mutandis to subsidization to foreign investment enterprises under subparagraph 1 (b) of Article 2 within budgetary limits.
(2) The Provincial Governor may subsidize foreign investment enterprises under paragraph (1) as follows in addition to subsidization under the same paragraph:
1. A subsidy for employment: Where a foreign investment enterprise establishes or enlarges its place of business or plant facilities and newly employs residents of the Province, etc. as regular employees, not exceeding 500,000 Korean won a month per person exceeding 20 persons within 12 months. In such cases, the total amount of subsidization per enterprise shall not exceed 300 million Korean won, respectively;
2. Subsidization of initial working expenses: Where a foreign investment enterprise employs more than 30 regular employees, up to 50 million Korean Won within two years from the date of the commencement of its business;
3. An office to make preparations for business: For a maximum of one year (including office equipment, such as telephone and fax) before a foreign investment enterprise conducts business in which it has made an investment.
(3) The Provincial Governor may subsidize a project falling under any of the following subparagraphs in order to support the improvement of the living environment of foreigners, within budgetary limits:
1. A project for the establishment of a foreign educational institution, international school, international high school or foreign school (including residential facilities for foreign teachers);
2. A project for the development of a residential complex only for foreigners;
3. A service support facilities project, such as a foreign medical institution, and a pharmacy or preschool only for foreigners.
[This Article Newly Inserted by Ordinance No. 837, Jan. 11, 2012]
Article 11-4 (New Employment of Persons of National Merit and Seniors)
Where an enterprise newly employs persons of national merit and seniors pursuant to Article 168 of the Special Act, the Provincial Governor may grant a subsidy for employment to such enterprise not exceeding one million Korean won a month per person of the number of persons employed within the period of six months.
[This Article Newly Inserted by Ordinance No. 837, Jan. 11, 2012]
Article 12 (Support of Infrastructure)
The Provincial Governor may support infrastructure, such as a road, water supply facilities and sewerage, communications, and energy supplying facilities, within budgetary limits in order to promote the inducement of investment enterprises, and where an investment enterprise enters into a joint contract with construction contractors including a construction contractor in the Province for a facilities investment project, he/she may preferentially support infrastructure.
Article 13 Deleted.
Article 14 Deleted.
Article 15 (Special Subsidies to Large-Scale Investment Enterprises)
(1) The Provincial Governor may grant a special subsidy up to five billion Korean won to an enterprise (hereinafter referred to as "large-scale investment enterprise") the amount of investment in plant and equipment (referring to expenses for building, expenses for the purchase of facilities and equipment, expenses for construction of infrastructure, etc.; hereinafter the same shall also apply) of which exceeds 30 billion Korean won or which employs more than 50 regular employees a day within budgetary limits according to the actual results of investment: Provided, That a special subsidy shall not exceed five percent of its investments.
(2) and (3) Deleted.
Article 16 Deleted.
Article 17 (Grant of other Subsidies)
Where the Provincial Governor deems it necessary, he/she may grant a subsidy, within budgetary limits, to an investment enterprise that relocates its head office, research institute or plant located in the region other than Jeju Self-Governing Province to Jeju Self-Governing Province, such as subsidy for the development of the working conditions, etc.
[This Article Wholly Amended by Ordinance No. 837, Jan. 11, 2012]
Article 17-2 (Special Cases for Promotion of Relocation of Enterprises and Export Enterprises)
Where the Provincial Governor grants a subsidy for a site and a subsidy for investment in plant and equipment under Articles 10-2 through 11-3 and 17 to enterprises relocated from the Seoul Metropolitan Area, enterprises relocated from the regions other than the Seoul Metropolitan Area and foreign investment enterprises, he/she may grant an additional subsidy to export enterprises (referring to enterprises the actual exports of which in the year before the year in which they apply for a subsidy are more than one million US dollars) within the extent of 20 percent of each subsidy: Provided, That he/she may grant a differential subsidy based on the level of contribution to the regional economy of Jeju.
[This Article Newly Inserted by Ordinance No. 423, Dec. 31, 2008]
[This Article Wholly Amended by Ordinance No. 686, Jan. 18, 2011]
Article 17-3 (Subsidization to Village Investment Inducement Bodies)
(1) The Provincial Governor may reimburse expenses incurred in relation to the following activities for the inducement of investment performed by a village investment inducement body in order to encourage the inducement of investment by each village:
1. Production of publicity materials for the inducement of investment;
2. Publicity activities, such as the participation in a fair to induce investment.
(2) The Provincial Governor shall actively provide information about land and other various information, such as the domestic and overseas investment environment, in order to encourage the inducement of investment by each village.
(3) Where a village investment inducement body succeeds in inducing investment by means of its activities to induce investment, the Provincial Governor may preferentially subsidize the relevant village for its residents' most coveted project cost.
[This Article Newly Inserted by Ordinance No. 423, Dec. 31, 2008]
Article 17-4 (Subsidization of Consulting Expenses)
(1) In order to promote the inducement of investment of investment enterprises, the Provincial Governor may subsidize an investment enterprise within the extent of 50 percent of consulting expenses where the execution of a project is determined after it has consulted about investment.
(2) Consulting expenses under paragraph (1) shall be expenses incurred in consulting for investment (limited to the amount objectively confirmed by a written contract) by a foreign investor or foreign investment enterprise, and the Provincial Governor may subsidize a foreign investor or foreign investment enterprise up to 100 million Korean won within the extent of one percent of the determined amount of foreign investment, within budgetary limits: Provided, That he/she shall subsidize a foreign investor or foreign investment enterprise when investment worth more than 10 percent of the amount of planned investment has been realized.
[This Article Newly Inserted by Ordinance No. 423, Dec. 31, 2008]
Article 18 Deleted.
Article 19 (Special Housing Supply to Foreigners)
The term "person prescribed by Provincial Ordinance" in the main sentence of Article 166 of the Special Act means a person falling under any of the following subparagraphs:
1. An employee of a foreign investment enterprise under subparagraph 1 (b) of Article 2;
2. A member of the teaching staff or employee of a foreign educational institution and foreign university established pursuant to Articles 182 and 183 of the Special Act;
3. An employee of a medical institution or pharmacy only for foreigners established pursuant to Articles 192 and 193 of the Special Act.
Article 19-2 (Dispatch of Public Officials to Foreign Investment Enterprises, etc.)
(1) The Provincial Governor may dispatch public officials under his/her control to large-scale foreign investment enterprises the amount of investment of which is more than 50 million US dollars and overseas Korea Business Centers of the Korea Trade and Investment Promotion Agency (KOTRA) for a fixed term.
(2) In such cases, the Provincial Governor may pay dispatched public officials money for their business activities within budgetary limits.
[This Article Newly Inserted by Ordinance No. 423, Dec. 31, 2008]
Article 19-3 (Financial Aid to Public Officials Who Stay Overseas to Support Affairs for Inducement of Investment)
Where a public official belonging to the Province during his/her study and training or dispatch supports the affairs related to the inducement of investment within the extent not interfering with the purpose of his/her stay, the Provincial Governor may give financial aid to him/her necessary for activities for the inducement of investment, such as expenses incurred in the production of materials.
[This Article Newly Inserted by Ordinance No. 837, Jan. 11, 2012]
Article 20 (Ex Post Facto Management)
(1) Where the Provincial Governor subsidizes an investment enterprise, etc. in accordance with this Ordinance, he/she shall receive a letter of fulfillment on the realization of investment from an investment enterprise, etc. that intends to be subsidized, and inspect or ascertain whether the original investment plan submitted is implemented.
(2) Where the Provincial Governor deems it necessary for ex post facto management, he/she may require a person who has been subsidized or other persons interested to report necessary matters. In such cases, he/she may require the relevant public official to investigate the details thereof.
(3) When an investment enterprise subsidized in accordance with this Ordinance changes its type of business after it has executed a project, it shall obtain approval from the Provincial Governor: Provided, That the change of type of business shall be limited to the types of business under the each item of subparagraph 1 of Article 2.
Article 21 (Orders for Correction, etc.)
Where a person who has been granted various subsidies in accordance with this Ordinance fails to perform his/her duty, the Provincial Governor may request him/her to perform his/her duty or order him/her to make corrections within a fixed period.
Article 22 (Cancellation, Refund, etc. of Subsidies, etc.)
(1) Where an investment enterprise, etc. falls under any of the following subparagraphs, the Provincial Governor may cancel a subsidy, etc. to an investment enterprise, etc. or re-claim all or some of a subsidy:
1. Where it is subsidized by deceitful or other unlawful means;
2. Where it suspends or discontinues its business without justifiable grounds within seven years after it starts its business;
3. Where it renounces or downsizes business subject to subsidization;
4. Where the Provincial Governor deems that it is impossible for it to achieve the purpose of subsidization;
5. Where it disposes of a site it has purchased with a subsidy within seven years after it enters into a contract;
6. Where a person who has been granted a subsidy for employment under subparagraph 3 of Article 11 and Article 11-2 (1) 3 dismisses a person eligible for a subsidy for employment without justifiable grounds within three years;
7. Where a person who has been granted a subsidy for education and training under subparagraph 4 of Article 11 and Article 11-2 (1) 3 dismisses a person eligible for a subsidy for education and training without justifiable grounds within three years;
8. Where it changes its type of business without obtaining prior approval from the Provincial Governor, in violation of Article 20 (3);
9. Where it fails to execute an order to make corrections, etc., in violation of Article 21.
(2) The Provincial Governor shall re-claim subsidies that should be re-claimed pursuant to paragraph (1) in accordance with Acts and subordinate statutes related to subsidies.
Article 23 (Mutatis Mutandis Application)
The provisions of individual Acts and subordinate statutes shall apply to matters for support with which the Provincial Governor provide investment enterprises jointly with the State in accordance with the provisions of other Acts and subordinate statutes, such as the Foreign Investment Promotion Act and the Special Act on Balanced National Development.
Article 24 (Enforcement Rules)
Matters necessary for the enforcement of this Ordinance shall be prescribed by the Rules.
ADDENDA
Article 1 (Enforcement Date)
This Ordinance shall enter into force on the date of its promulgation.
Article 2 (Repeal of other Ordinances)
The former Jeju Provincial Ordinance, Ordinance of Jeju Special Self-Governing Province for the Promotion of the Inducement of Investment is hereby repealed.
Article 3 (Transitional Measures concerning Private Investment Inducement Promotion Plan)
A private investment inducement promotion plan prepared in accordance with the former Ordinance as at the time this Ordinance enters into force shall be deemed the plan prepared in accordance with this Ordinance.
Article 4 (Transitional Measures concerning Private Investment Inducement Committee)
A member of the Private Investment Inducement Committee of Jeju Special Self-Governing Province commissioned in accordance with the former Ordinance as at the time this Ordinance enters into force shall be deemed a member of the same Committee under this Ordinance, and the term of his/her office shall be the remainder of the previous term of his/her office.
Article 5 (Transitional Measures concerning Investment Inducement Advisors)
An investment inducement advisor commissioned in accordance with the former Ordinance as at the time this Ordinance enters into force shall be deemed an investment inducement advisor commissioned in accordance with this Ordinance, and the term of his/her office shall be the remainder of the previous term of his/her office.
Article 6 (Transitional Measures concerning Enterprises in Seoul Metropolitan Area)
An enterprise in the Seoul Metropolitan Area under the former Ordinance as at the time this Ordinance enters into force shall be deemed an enterprise in the Seoul Metropolitan Area under this Ordinance.
Article 7 (Transitional Measures concerning Disposition, etc. under Former Ordinance)
Disposition conducted, other acts done, etc. in accordance with the former Ordinance as at the time this Ordinance enters into force shall be deemed disposition, other acts, etc. under this Ordinance.
ADDENDA
Article 1 (Enforcement Date)
This Ordinance shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures concerning Disposition, etc. under Former Ordinance)
Disposition conducted, other acts done, etc. in accordance with the former Ordinance as at the time this Ordinance enters into force shall be deemed disposition, other acts, etc. under this Ordinance.
ADDENDUM
This Ordinance shall enter into force on the date of its promulgation.
ADDENDUM
This Ordinance shall enter into force on the date of its promulgation.
ADDENDA
Article 1 (Enforcement Date)
This Ordinance shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures concerning Cancellation and Refund, etc. of Subsidies, etc.)
The former provisions shall apply to matters for support with which the Provincial Governor has provided investment enterprises, etc. in accordance with the former provisions as at the time this Ordinance enters into force.
