Act for Establishment and Administration of Science Parks Article 20

Where private factories and relevant buildings concerned inside the park proves consistent with situations set forth under Subparagraphs 2 or 4 of Paragraph 2 of the preceding Article, park bureaus may put them into compulsory auction.In case of a compulsory auction as set forth under Subparagraph 2 of Paragraph 2 of the preceding Article, park bureaus shall promulgate and advise the building owner(s) to complete correction of unjustifiable uses within two (2) years.Where park bureaus order construction of buildings for correction within the time limit pursuant to the preceding paragraph, the competent authority shall request land registration agencies to add a note to the registration of such buildings indicating such a requirement. The note shall be valid for two years. If title of the land is transferred to another within two years, the effect of the note shall be assumed by the successor to the title. The two-year period shall be reduced by the number of the days in which the requirement is suspended for causes not attributable to the building owner, and may be extended if requested by the building owner for good reasons.Where the corrective action is satisfactorily completed within the period under the preceding paragraph, park bureaus shall request the land registration agency to cancel the note. Where the corrective action is not satisfactorily completed in the given time limit, park bureaus may fine the building owner with an amount of up to 10 percent of the present government accessed land value of the park land where the building is located and order the building owner to propose a correction plan within one month. Upon receipt of the correction plan, park bureaus may notify the building owner for consultation. The building owner shall complete the consultation within one month after receiving the notice from park bureaus.In the event that the building owner fails to submit the correction plan, fails to complete the negotiation process within the specified time limit, or falls any one among those enumerated Subparagraph 4, Paragraph 2 of the preceding Article, in an effort to promote use of the land in the science park, to assure the factories and relevant buildings concerned in line with the legislative purposes and development of national economy, park bureaus may decide in writing that the factories and relevant buildings concerned shall be put up for open compulsory auction after a reasonable price is set on the basis of an appraised market price.Park bureaus shall request branch offices of the Administrative Enforcement Agency of the Ministry of Justice to conduct the compulsory auction under the preceding Paragraph. Unless otherwise specified in this Article, the auction procedures under the Administrative Enforcement Act shall apply mutatis mutandis to the auction under this Article.If all the bids for factories and relevant buildings concerned to compulsory auction under preceding two paragraphs are deemed invalid, the highest bid from the bidders is lower than the reasonable price set on the basis of the appraised market price, or any other auction requirements are not met, the land shall not be auctioned off.In the event of a situation described in the preceding paragraph, park bureaus may request that another auction for the same or another reasonable price be held in accordance with the preceding three paragraphs.As soon as the factories and relevant buildings concerned are auctioned off, there shall be no preferential right to purchase the land under the Land Act or other laws or regulations, and the competent branch office of the Administrative Enforcement Agency of the Ministry of Justice shall ask the land registration agency to cancel or remove all the noted requirements for, encumbrances, restraints, or leasehold on the land before the land is delivered to the winner of the auction. If park bureaus consider it unnecessary to continue the auction procedure, it may withdraw its request to the competent branch office of the Administrative Enforcement Agency of the Ministry of Justice for the auction, and request the land registration agency to cancel the noted requirement.The public announcements, notices, reduction of the time limit for non-attributable causes, reasons supporting request for extension of the time limit, matters noted as requested, methods, procedures, and guidelines for deciding appraised market prices, qualifications for bidders for compulsory auction, terms for using the factories and relevant buildings concerned, related procedures for request into compulsory auctions, competition and cooperation on pecuniary liability enforcement, matters for mortgagees to participate in distribution acquired under the preceding nine paragraphs and such issues shall be stipulated by the competent authority.