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, July 21 (KCNA) -- Remains of DPRK twice hero Kim Ki U and DPRK heroes Ri Yong Je and Ri Tong Gyu were interred at the
July 21, 2025
Pyongyang, July 21 (KCNA) -- Remains of DPRK twice hero Kim Ki U and DPRK heroes Ri Yong Je and Ri Tong Gyu were interred at the
Pyongyang, July 21 (KCNA) -- The Taean Heavy Machine Complex in the DPRK is concentrating its efforts on updating the performance
July 21, 2025
Pyongyang, July 21 (KCNA) -- The Taean Heavy Machine Complex in the DPRK is concentrating its efforts on updating the performance
Pyongyang, July 21 (KCNA) -- Efforts are being made in the DPRK to carry forward and develop Taekwon-Do, an orthodox martial art
July 21, 2025
Pyongyang, July 21 (KCNA) -- Efforts are being made in the DPRK to carry forward and develop Taekwon-Do, an orthodox martial art
Pyongyang, July 21 (KCNA) -- The work to protect the forests is getting brisk across the DPRK. North Phyongan Province sprayed
July 21, 2025
Pyongyang, July 21 (KCNA) -- The work to protect the forests is getting brisk across the DPRK. North Phyongan Province sprayed
Pyongyang, 21 de julio (ACNC) -- Bajo la destacada direccion del gran Lider, camarada Kim Il Sung, el pueblo coreano y los
July 21, 2025
Pyongyang, 21 de julio (ACNC) -- Bajo la destacada direccion del gran Lider, camarada Kim Il Sung, el pueblo coreano y los
Pyongyang, 21 de julio (ACNC) -- Se activan en diferentes localidades del pais los trabajos encaminados a proteger los bosques. La
July 21, 2025
Pyongyang, 21 de julio (ACNC) -- Se activan en diferentes localidades del pais los trabajos encaminados a proteger los bosques. La
Pyongyang, 21 de julio (ACNC) -- Con motivo del 72o aniversario de la victoria en la guerra, quedaron enterrados en el Cementerio
July 21, 2025
Pyongyang, 21 de julio (ACNC) -- Con motivo del 72o aniversario de la victoria en la guerra, quedaron enterrados en el Cementerio
Pyongyang, July 21 (KCNA) -- Under the outstanding leadership of President Kim Il Sung, the DPRK people and the service personnel
July 21, 2025
Pyongyang, July 21 (KCNA) -- Under the outstanding leadership of President Kim Il Sung, the DPRK people and the service personnel
Pyongyang, July 21 (KCNA) -- The activities of scientific farming promotion teams have been brisk in different parts of the DPRK.
July 21, 2025
Pyongyang, July 21 (KCNA) -- The activities of scientific farming promotion teams have been brisk in different parts of the DPRK.
Pyongyang, July 20 (KCNA) -- The Wangjaesan Art Troupe in the DPRK gave its music and dance performance from July 10 to 19. Put on
July 20, 2025
Pyongyang, July 20 (KCNA) -- The Wangjaesan Art Troupe in the DPRK gave its music and dance performance from July 10 to 19. Put on
Pyongyang, July 20 (KCNA) -- A delegation of the World Baseball Softball Confederation (WBSC) led by its President Riccardo
July 20, 2025
Pyongyang, July 20 (KCNA) -- A delegation of the World Baseball Softball Confederation (WBSC) led by its President Riccardo
Pyongyang, July 20 (KCNA) -- The respected Comrade Kim Jong Un sent a birthday spread to Yun Sun Hwa, a woman centenarian living
July 20, 2025
Pyongyang, July 20 (KCNA) -- The respected Comrade Kim Jong Un sent a birthday spread to Yun Sun Hwa, a woman centenarian living
Pyongy6ang, July 20 (KCNA) -- In the new era of rural rejuvenation ushered in by the great Workers' Party of Korea, a great change
July 20, 2025
Pyongy6ang, July 20 (KCNA) -- In the new era of rural rejuvenation ushered in by the great Workers' Party of Korea, a great change
Pyongyang, July 20 (KCNA) -- North Hwanghae Province in the DPRK directs efforts to putting afforestation on a more scientific
July 20, 2025
Pyongyang, July 20 (KCNA) -- North Hwanghae Province in the DPRK directs efforts to putting afforestation on a more scientific
Pyongyang, July 20 (KCNA) -- Construction units in the DPRK are pushing ahead with construction of industrial objects. The
July 20, 2025
Pyongyang, July 20 (KCNA) -- Construction units in the DPRK are pushing ahead with construction of industrial objects. The
Pyongyang, July 20 (KCNA) -- South Hwanghae Province in the DPRK is speeding up the project for remodeling Haeju Kim Jong Thae
July 20, 2025
Pyongyang, July 20 (KCNA) -- South Hwanghae Province in the DPRK is speeding up the project for remodeling Haeju Kim Jong Thae
Pyongyang, July 20 (KCNA) -- There took place memorial meeting, seminar, round-table talks and other events at the Party for Peace
July 20, 2025
Pyongyang, July 20 (KCNA) -- There took place memorial meeting, seminar, round-table talks and other events at the Party for Peace
Pyongyang, July 20 (KCNA) -- The regional-industry factories in Jaeryong and Unchon counties of South Hwanghae Province in the
July 20, 2025
Pyongyang, July 20 (KCNA) -- The regional-industry factories in Jaeryong and Unchon counties of South Hwanghae Province in the
Pyongyang, 20 de julio (ACNC) -- El estimado camarada Kim Jong Un envio alimentos de fiesta a la abuela Yun Sun Hwa, moradora de
July 20, 2025
Pyongyang, 20 de julio (ACNC) -- El estimado camarada Kim Jong Un envio alimentos de fiesta a la abuela Yun Sun Hwa, moradora de
Pyongyang, 20 de julio (ACNC) -- Llego el dia 19 a esta capital la delegacion de la Confederacion Mundial de Beisbol y Softball,
July 20, 2025
Pyongyang, 20 de julio (ACNC) -- Llego el dia 19 a esta capital la delegacion de la Confederacion Mundial de Beisbol y Softball,
More Articles
