Pyongyang, June 5 (KCNA) -- The DPRK enacted a law on economic development zones.
A decree on the law was promulgated by the Presidium of the Supreme People's Assembly of the DPRK on May 29.
The law has seven chapters (62 articles) and additional rules (two articles).
The law deals with fundamentals of the law, establishment, development and management of economic development zones, economic transactions in the zones, their encouragement, preference and settlement of complaints and disputes.
According to the law, economic development zones are special economic zones in which preference is granted as for economic activities under the laws and regulations specially provided for by the state.
The economic development zones include industrial development zone, agricultural development zone, tourism development zone, exports processing zone, ultra-modern technological development zone and other development zones in the fields of the economy and science and technology.
The state will assort the economic development zones into local-level economic development zones and central-level economic development zones and manage them according to their affiliations.
Foreign corporate bodies, individuals and economic organizations and overseas Koreans can invest in the economic development zones and also set up businesses, branches and offices and conduct free economic activities.
The state shall provide investors with conditions for preferential economic activities regarding the use of land, employment of labor, payment of taxes, etc.
The state shall specially encourage investment in the fields of infrastructural construction and ultra-modern science and technology and in the field producing goods with high competitiveness in international market in the economic development zones.
Rights granted to investors and investment properties and legal income are protected by law in the zones.
The law on economic development zones and regulations and rules for its enforcement will be applied as for economic activities like development and management of the economic development zones and the operation of businesses.
This law is not applied to the Rason Economic and Trade Zone, Hwanggumphyong and Wihwado economic zones, Kaesong Industrial Zone and Mt. Kumgang Tourist Special Zone.
More From KCNA.co.jp (En)
Pyongyang, May 1 (KCNA) — The respected Comrade Kim Jong Un received congratulatory messages and letters from different
May 01, 2026
Pyongyang, May 1 (KCNA) — The respected Comrade Kim Jong Un received congratulatory messages and letters from different
Pyongyang, May 1 (KCNA) — The national industrial art exhibition for celebrating April 15 closed with due ceremony at the
May 01, 2026
Pyongyang, May 1 (KCNA) — The national industrial art exhibition for celebrating April 15 closed with due ceremony at the
Pyongyang, May 1 (KCNA) — The Eleventh Congress of the Socialist Patriotic Youth League was held in Pyongyang from April 28 to
May 01, 2026
Pyongyang, May 1 (KCNA) — The Eleventh Congress of the Socialist Patriotic Youth League was held in Pyongyang from April 28 to
Pyongyang, May 1 (KCNA) — A solar power plant has been built in Haeju City, South Hwanghae Province of the DPRK. The power base,
May 01, 2026
Pyongyang, May 1 (KCNA) — A solar power plant has been built in Haeju City, South Hwanghae Province of the DPRK. The power base,
Pyongyang, May 1 (KCNA) — The Sangwon Cement Complex in the DPRK fulfilled its highly set cement production plan in April, too.
May 01, 2026
Pyongyang, May 1 (KCNA) — The Sangwon Cement Complex in the DPRK fulfilled its highly set cement production plan in April, too.
Pyongyang, May 1 (KCNA) — The 34th April Spring Friendship Art Festival came to a close. It was opened to mark the 114th birth
May 01, 2026
Pyongyang, May 1 (KCNA) — The 34th April Spring Friendship Art Festival came to a close. It was opened to mark the 114th birth
Pyongyang, May 1 (KCNA) — Spring tree planting is brisk in different parts of the DPRK. The Ministry of Land and Environment
May 01, 2026
Pyongyang, May 1 (KCNA) — Spring tree planting is brisk in different parts of the DPRK. The Ministry of Land and Environment
Pyongyang, May 1 (KCNA) — North Hamgyong Province of the DPRK is stepping up the rural housing construction on a full scale. The
May 01, 2026
Pyongyang, May 1 (KCNA) — North Hamgyong Province of the DPRK is stepping up the rural housing construction on a full scale. The
Pyongyang, May 1 (KCNA) — The Central Committee of the Workers’ Party of Korea sent a congratulatory letter to the
May 01, 2026
Pyongyang, May 1 (KCNA) — The Central Committee of the Workers’ Party of Korea sent a congratulatory letter to the
Pyongyang, May 1 (KCNA) — Leading newspapers of the DPRK Friday dedicate editorials to the 136th May Day, the international
May 01, 2026
Pyongyang, May 1 (KCNA) — Leading newspapers of the DPRK Friday dedicate editorials to the 136th May Day, the international
Pyongyang, May 1 (KCNA) — The DPRK people significantly greet May Day, the international holiday of the working people the world
May 01, 2026
Pyongyang, May 1 (KCNA) — The DPRK people significantly greet May Day, the international holiday of the working people the world
Pyongyang, May 1 (KCNA) — A Chinese art troupe that took part in the 34th April Spring Friendship Art Festival sent a flower
May 01, 2026
Pyongyang, May 1 (KCNA) — A Chinese art troupe that took part in the 34th April Spring Friendship Art Festival sent a flower
Pyongyang, May 1 (KCNA) — The DPRK ambassador paid a farewell call on the president of the Federal Democratic Republic of
May 01, 2026
Pyongyang, May 1 (KCNA) — The DPRK ambassador paid a farewell call on the president of the Federal Democratic Republic of
Pyongyang, May 1 (KCNA) — There took place an evening gala and torchlight procession of youth and students “Forever with Party
May 01, 2026
Pyongyang, May 1 (KCNA) — There took place an evening gala and torchlight procession of youth and students “Forever with Party
Pyongyang, April 30 (KCNA) — Ri Jong Guk, section chief of the Institute of Agro-chemicalization under the Academy of
April 30, 2026
Pyongyang, April 30 (KCNA) — Ri Jong Guk, section chief of the Institute of Agro-chemicalization under the Academy of
Pyongyang, April 30 (KCNA) — Kangwon Province is conducting a full-scale campaign to improve the appearance of the region. This
April 30, 2026
Pyongyang, April 30 (KCNA) — Kangwon Province is conducting a full-scale campaign to improve the appearance of the region. This
Pyongyang, April 30 (KCNA) — Recently, unprecedented drought persists across the DPRK. Working people across the country are
April 30, 2026
Pyongyang, April 30 (KCNA) — Recently, unprecedented drought persists across the DPRK. Working people across the country are
Pyongyang, April 30 (KCNA) — Various kinds of high-quality products produced by modern regional-industry factories in
April 30, 2026
Pyongyang, April 30 (KCNA) — Various kinds of high-quality products produced by modern regional-industry factories in
Pyongyang, April 30 (KCNA) — Pak Thae Song, member of the Presidium of the Political Bureau of the Central Committee of the
April 30, 2026
Pyongyang, April 30 (KCNA) — Pak Thae Song, member of the Presidium of the Political Bureau of the Central Committee of the
Pyongyang, April 30 (KCNA) — The Sunchon Thermal Power Plant boosts the electricity production by dint of science and
April 30, 2026
Pyongyang, April 30 (KCNA) — The Sunchon Thermal Power Plant boosts the electricity production by dint of science and
More Articles
