Industrial Innovation Statute Article 34

Where a state-owned or private sector enterprise or industrial entrepreneur applies for establishment of an industrial park, prior to the rezoning of the land in question, an amount equivalent to the then-current announced land value of five percent of the total land area at the time of the approval for establishment of the industrial park shall be paid to the industrial park development and management fund established by the special municipality or county (city) competent authority, notwithstanding any restriction under Article 15-3 of the Regional Planning Act.The special municipality and county (city) competent authority shall set aside a specified percentage of the sum paid in accordance with the preceding paragraph to be used for the construction, maintenance, or improvement of relevant public facilities in the vicinity of the industrial park and to ensure environmental protection in the affected area.The percentage of the funds to be set aside as referred to in the preceding paragraph shall be prescribed by the central competent authority in consultation with the Ministry of the Interior.