Regulation for the Organization and Administration of Agricultural Technology Parks Article 15

he Park enterprises, incubation centers, and research institutions shall commence the implementation of the business plans within six (6) months from the next day after their residency has been approved. If they fail to comply after the prescribed deadline, the Administration may revoke the approval of their residency.The commencement of the implementation of the business plans as referred to in the preceding paragraph shall mean the situation where the Park Enterprises, incubation centers, and research institutions have applied to the Administration for approval to construct their own factory buildings or to rent factory buildings or business premises on the leased land, and the construction or the renting process has been completed, after their residency has been approved.With regard to the duration prescribed in Paragraph 1 hereof, those with justified causes may apply to the Administration for an extension of no longer than three (3) months.Park enterprises that have rented business premises shall apply to the Administration for approval to construct their own factory buildings or to rent factory buildings on the leased land, and the construction or the renting process shall be completed within three years from the next day after their residency has been approved.