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, January 9 (KCNA) — Kim Jong Un, president of the State Affairs of the Democratic People’s Republic of Korea, sent a
January 09, 2026
Pyongyang, January 9 (KCNA) — Kim Jong Un, president of the State Affairs of the Democratic People’s Republic of Korea, sent a
Pyongyang, January 8 (KCNA) — The Ryugyong Mushroom Farm, situated in the suburbs of Pyongyang, the capital city of the DPRK,
January 08, 2026
Pyongyang, January 8 (KCNA) — The Ryugyong Mushroom Farm, situated in the suburbs of Pyongyang, the capital city of the DPRK,
Pyongyang, January 8 (KCNA) — The Taean Heavy Machine Complex in the DPRK has directed efforts to optimizing its production and
January 08, 2026
Pyongyang, January 8 (KCNA) — The Taean Heavy Machine Complex in the DPRK has directed efforts to optimizing its production and
Pyongyang, January 8 (KCNA) — In Haeson-ri, Kaesong Municipality of the DPRK, there is a group of seven tombs dating back to the
January 08, 2026
Pyongyang, January 8 (KCNA) — In Haeson-ri, Kaesong Municipality of the DPRK, there is a group of seven tombs dating back to the
Pyongyang, January 8 (KCNA) — Modern houses have been built at the Chilgol Vegetable Farm in Mangyongdae District, Pyongyang
January 08, 2026
Pyongyang, January 8 (KCNA) — Modern houses have been built at the Chilgol Vegetable Farm in Mangyongdae District, Pyongyang
Pyongyang, January 8 (KCNA) — Amid an all-people general advance accelerated to greet the Ninth Congress of the Workers’ Party
January 08, 2026
Pyongyang, January 8 (KCNA) — Amid an all-people general advance accelerated to greet the Ninth Congress of the Workers’ Party
Pyongyang, January 8 (KCNA) — The Educational Books Printing Plant in the DPRK is putting spurs to the production of textbooks
January 08, 2026
Pyongyang, January 8 (KCNA) — The Educational Books Printing Plant in the DPRK is putting spurs to the production of textbooks
Pyongyang, January 7 (KCNA) — A performance of schoolchildren for greeting the New Year 2026 on the theme of “My Country Is
January 07, 2026
Pyongyang, January 7 (KCNA) — A performance of schoolchildren for greeting the New Year 2026 on the theme of “My Country Is
Pyongyang, January 7 (KCNA) — The respected Comrade Kim Jong Un sent a birthday spread to Ri Jong Hwa, a woman centenarian
January 07, 2026
Pyongyang, January 7 (KCNA) — The respected Comrade Kim Jong Un sent a birthday spread to Ri Jong Hwa, a woman centenarian
Pyongyang, January 7 (KCNA) — More than 40 finishing building-materials production bases were built and over 60 bases updated in
January 07, 2026
Pyongyang, January 7 (KCNA) — More than 40 finishing building-materials production bases were built and over 60 bases updated in
Pyongyang, January 7 (KCNA) — Kim Jong Un, president of the State Affairs of the Democratic People’s Republic of Korea,
January 07, 2026
Pyongyang, January 7 (KCNA) — Kim Jong Un, president of the State Affairs of the Democratic People’s Republic of Korea,
Pyongyang, January 7 (KCNA) — Pyongyang Municipality is launching a front-style information and motivation campaign. A ceremony
January 07, 2026
Pyongyang, January 7 (KCNA) — Pyongyang Municipality is launching a front-style information and motivation campaign. A ceremony
Pyongyang, January 7 (KCNA) — The Central Committee of the Workers’ Party of Korea sent a congratulatory message to the
January 07, 2026
Pyongyang, January 7 (KCNA) — The Central Committee of the Workers’ Party of Korea sent a congratulatory message to the
Pyongyang, January 7 (KCNA) — Creations for the people have sprung up one after another every year in the DPRK under the care of
January 07, 2026
Pyongyang, January 7 (KCNA) — Creations for the people have sprung up one after another every year in the DPRK under the care of
Pyongyang, January 7 (KCNA) — The Ministry of Physical Culture and Sports, the Korean Taekwon-Do Committee and associations of
January 07, 2026
Pyongyang, January 7 (KCNA) — The Ministry of Physical Culture and Sports, the Korean Taekwon-Do Committee and associations of
Pyongyang, January 7 (KCNA) — News of housewarming which shows a rapid development of the countryside are heard from Jagang
January 07, 2026
Pyongyang, January 7 (KCNA) — News of housewarming which shows a rapid development of the countryside are heard from Jagang
Pyongyang, January 6 (KCNA) — New houses have been built at the Taljon Farm in Tanchon City and Kuup and Rimphyong farms in
January 06, 2026
Pyongyang, January 6 (KCNA) — New houses have been built at the Taljon Farm in Tanchon City and Kuup and Rimphyong farms in
Pyongyang, January 6 (KCNA) — January is the coldest month of a year. And it has Sohan (moderate cold) and Taehan (intense
January 06, 2026
Pyongyang, January 6 (KCNA) — January is the coldest month of a year. And it has Sohan (moderate cold) and Taehan (intense
Pyongyang, January 6 (KCNA) — The Pyongyang Electric Cable General Factory 326 is making innovations in the production of
January 06, 2026
Pyongyang, January 6 (KCNA) — The Pyongyang Electric Cable General Factory 326 is making innovations in the production of
Pyongyang, January 6 (KCNA) — Public health organs in Pyongyang Municipality launched a field medical service campaign. At the
January 06, 2026
Pyongyang, January 6 (KCNA) — Public health organs in Pyongyang Municipality launched a field medical service campaign. At the
More Articles
