(1) Reasons for Proposal
As the Special Act on the Establishment of Jeju Special Self-Governing Province and the Development of Free International City was revised (Act No. 16774, promulgated on Dec. 10, 2019), which includes the expansion of the autonomy of Jeju Special Self-Governing Province, improvement of the investment environment of free international city, etc., this amendment aims to establish matters delegated by the Act and improve and remedy some operational weaknesses of the current provisions.

(2) Major Provisions
A. Add an ex officio member of the Supporting Committee for Jeju Special Self-Governing Province (Article 2)
Include the Minister of the Ministry of SMEs and Startups, which has been upgraded to a Ministry level position, in ex officio members of the Committee to smoothly deliberate agenda items related to system improvement tasks of the Supporting Committee, such as small and medium enterprise promotion
B. Provide grounds to establish a secretariat of the Supporting Committee for Jeju Special Self-Governing Province (Article 8-2 newly inserted)
Require the establishment of a supporting group for Jeju Special Self-Governing in the Office for Government Policy Coordination to handle the affairs of the Supporting Committee, delegated by the Act.
C. Special Cases on the investment limits of local public enterprises in wind power generation business (Article 17-2 newly inserted)
Notwithstanding the provisions of Article 47-2 (3) of the Enforcement Decree of the Local Public Enterprises Act, this amendment sets an investment limit of 25/100 of the capital of a local public enterprise for wind power generation business with resident participation that is delegated by the Act to foster effective wind power development and local communities.
D. Adjust the designated business types in investment promotion zones (Article 22)
Add the marina industry, cosmetics manufacturing, etc., to the designated business types of investment promotion zones, excluding casino business, etc., to revitalize the local economy and reduce imbalances among industries.
E. Clarify cancellation requirements for investment promotion zones (Article 23)
Establish a period for investment implementation to ensure that investments in the investment promotion zones be made normally and stipulate that the designation of the zones may be canceled if an investor is changed due to failure to meet specified criteria or auction/public sale
F. Special cases on the installation of art works on buildings (Article 72-2 newly inserted)
Notwithstanding the provisions of Article 12 (1) of the Enforcement Decree of the Culture and Arts Promotion Act, the amendment requires the installation of art works when the sum of the total floor area of each building exceeds 10,000 square meters, by changing the size criteria for lodging facilities subject to installation of art works, delegated by the Act.
G. Grant rights of handling personally identifiable information following the introduction of a garage certificate system (Article 78-2 newly inserted)
Allow the handling of data that includes the resident registration number or alien registration number of a person who is subject to the garage certification to smoothly perform the garage certification affairs.