Article 1(Purpose) #
The purpose of this Decree is to prescribe matters mandated by the Special Act on the Utilization of Waterfronts and the matters necessary for enforcing that Act.
Article 2(Scope of waterfronts) #
"Rate prescribed by Presidential Decree" in subparagraph 2 of Article 2 of the Special Act on the Utilization of Waterfronts (hereinafter referred to as the "Act") means 50/100.
Article 3(Scale of waterfronts) #
(1) "Area prescribed by Presidential Decree" in the latter part of Article 4(1) of the Act means 100,000 square meters; provided, it means 30,000 square meters in an area falling under Article 12(1)1 of the Enforcement Decree of the Balanced Regional Development and Support for Local Small and Medium Enterprises Act.
(2) The requirements under the proviso of paragraph (1) shall apply to the administrative division of a Si (including the Special Metropolitan City and a Metropolitan City) or a Gun as a unit, and detailed matters, such as specific calculation methods, shall be determined and publicly notified by the Minister of Climate, Energy and Environment. <Amended on Mar. 23, 2013; Dec. 30, 2014; Jun. 8, 2018; Oct. 1, 2025>
Article 4(Designation of waterfronts) #
(1) The Minister of Climate, Energy and Environment may determine and publicly notify the standards necessary for formulating and preparing a waterfront development project plan under Article 4(2) and (3) of the Act (hereinafter referred to as "project plan") in consultation with the heads of related central administrative agencies. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(2) A person who intends to propose the designation of a waterfront in accordance with Article 4(3) of the Act shall submit a proposal for the designation of a waterfront in the form prescribed by Decree of the Ministry of Climate, Energy and Environment to the Minister of Climate, Energy and Environment, accompanied by the following documents and drawings: <Amended on Jul. 20, 2012; Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. A location map on a scale of 1:25000;
2. A topographic map on a scale of 1:5000 indicating the boundary of the waterfront and the reasons for the determination thereof;
3. Survey documents on current status of farmland and forestland to be incorporated into the waterfront;
4. Documents stating the locations, lot numbers, land categories, areas, ownership, and details of rights other than ownership of land, buildings, and other goods or rights under Article 3 of the Act on Acquisition of and Compensation for Land for Public Works Projects to be expropriated or used, and the names (in the case of a corporation, the name of the corporation) and addresses of the owners and right holders thereof;
5. Documents necessary for strategic environmental impact assessment under Articles 11,12, and 16 of the Environmental Impact Assessment Act.
(3) Upon receipt of documents and drawings in accordance with paragraph (2), the Minister of Climate, Energy and Environment shall verify the cadastral map and forest land map of a waterfront through administrative data matching under Article 36(1) of the Electronic Government Act. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(4) A person who intends to propose a change of a waterfront in accordance with Article 4(3) of the Act shall submit a proposal for the change of the waterfront prescribed by Decree of the Ministry of Climate, Energy and Environment to the Minister of Climate, Energy and Environment, accompanied by documents and drawings necessary for the change of the waterfront, and if a person intends to propose the cancellation of a waterfront in accordance with that paragraph, he or she shall submit a proposal for the cancellation of the waterfront prescribed by Decree of the Ministry of Climate, Energy and Environment to the Minister of Climate, Energy and Environment, accompanied by a statement of reasons for cancellation. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 5(Basic direction-setting for development of waterfronts) #
"Matters prescribed by Presidential Decree" in subparagraph 5 of Article 5 of the Act means the following matters: <Amended on Jun. 15, 2015; May 7, 2024>
1. That accessibility to rivers and connectivity with rivers shall be maximized;
2. The utilization of new and renewable energy under subparagraphs 1 and 2 of Article 2 of the Act on the Promotion of the Development, Use and Diffusion of New and Renewable Energy shall be maximized;
3. Areas requiring preservation of water quality, such as riparian zones, shall not undermine the purpose of the designation thereof;
4. Areas with high conservation value in consideration of the natural environment, national heritage, etc. shall be conserved in the original form as much as possible
Article 6(Matters to be included in development plans) #
"Matters prescribed by Presidential Decree" in subparagraph 10 of Article 6 of the Act means the following: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. A support plan for the installation of major infrastructure, such as arterial facilities, under Article 18 of the Act;
2. A plan for supplying integrated energy;
3. Other matters deemed necessary by the Minister of Climate, Energy and Environment, taking into account the functions of a waterfront development project under subparagraph 3 of Article 2 of the Act.
Article 7(Hearing opinions of residents) #
(1) "Important matters prescribed by Presidential Decree" in the main clause of Article 7(1) of the Act means any of the following matters:
1. Changes in the main functions of a waterfront development project under subparagraph 3 of Article 2 of the Act;
2. Enlargement or reduction of the area designated as a waterfront by 10/100 or more.
(2) Where the Minister of Climate, Energy and Environment intends to hear opinions of residents, relevant experts, etc. (hereinafter referred to as "residents, etc.") in accordance with the main clause of Article 7(1) of the Act, he or she shall send a copy of relevant documents to the head of the competent Si/Gun/Gu (referring to the head of a competent autonomous Gu; hereinafter the same shall apply). <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(3) Upon receipt of relevant documents under paragraph (2), the head of the Si/Gun/Gu shall, without delay, publicly announce the following matters in a daily newspaper mainly distributed in the relevant area, and the public gazette, website, etc. of the relevant local government, and make them available to the general public for inspection for 14 days from the date of public announcement:
1. The name, location, and area of the waterfront;
2. Period and method of perusal of related documents.
(4) A person who has an opinion on the matters publicly announced pursuant to paragraph (3) may submit his or her opinion to the head of the Si/Gun/Gu within the period of perusal under paragraph (3)2 (hereinafter referred to as "perusal period").
(5) Upon receipt of opinions in accordance with paragraph (4), the head of the Si/Gun/Gu shall compile the opinions submitted without delay after the end of the perusal period and submit them to the Minister of Climate, Energy and Environment. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(6) The Minister of Climate, Energy and Environment shall examine whether to reflect the opinions submitted in accordance with paragraph (5) in the designation or change of a waterfront and shall notify the persons who has submitted such opinions of the results thereof within 60 days from the end of the perusal period or the date of receipt of opinions from the head of the Si/Gun/Gu. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(7) Notwithstanding paragraphs (2) through (6), the Minister of Climate, Energy and Environment may directly hear opinions of residents, etc. or require the Mayor/Do Governor to hear their opinions at the request of the relevant Special Metropolitan City Mayor, Metropolitan City Mayor, or Do Governor (hereinafter referred to as "Mayor/Do Governor") in any of the following cases: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 8(Public notice of designation of waterfronts) #
(1) Where the Minister of Climate, Energy and Environment formulates a project plan and designates a waterfront in accordance with Article 4(1) of the Act and the main clause of paragraph (2) of that Article, he or she shall publicly notify the following matters in the Official Gazette in accordance with Article 8(1) of the Act: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. The name, location, and area of the waterfront;
2. The date of designation of the waterfront;
3. The name and location of the developer of the waterfront development project under Article 12(1) of the Act (hereinafter referred to as "project developer") and the name of its representative;
4. The name of the project (including the functions of a waterfront development project defined in subparagraph 3 of Article 2 of the Act; hereinafter the same shall apply);
5. A land use plan and a main infrastructure plan;
6. A support plan for the installation of major infrastructure necessary for developing the waterfront;
7. The locations, lot numbers, land categories, areas, ownership and details of rights other than ownership of the land, buildings, or other goods or rights to be expropriated or used, and the names and addresses of the owners and right holders (in cases of a corporation, those of the corporation) of such land, buildings, or other goods or rights to be expropriated or used;
8. Perusal methods of related documents;
9. A topographical drawing under Article 8(2) of the Framework Act on the Regulation of Land Use.
(2) Notwithstanding paragraph (1), in cases falling under the proviso of Article 4(2) of the Act, the Minister of Climate, Energy and Environment shall publicly notify the matters referred to in paragraph (1) 1 and 2 when he or she designates a waterfront, and shall publicly notify the matters referred to in the subparagraphs of paragraph (1) when he or she formulates a project plan. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(3) Where the Minister of Climate, Energy and Environment changes a waterfront or a project plan, the Minister of Climate, Energy and Environment shall publicly notify the changed matters among the matters under the subparagraphs of paragraph (1) and the reasons for such change, and shall publicly notify the fact of cancellation and the grounds for such cancellation when the Minister of Climate, Energy and Environment cancels the waterfront. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 9(Activities subject to permission) #
(1) "Acts prescribed by Presidential Decree" in the former part of Article 9(1) of the Act means any of the following acts: <Amended on Jul. 2, 2019>
1. Construction, etc. of a building: Construction of a building (including construction and erection of temporary buildings) under Article 2(1)2 of the Building Act, substantial repair thereof, or change of the use thereof;
2. Installation of a structure: Installation of an artificially manufactured facility (excluding buildings defined in Article 2(1)2 of the Building Act);
3. Change of the form and quality of land: Change in the shape of land by such means as cutting of land, filling-up of earth, leveling of land, paving with earth, excavation of land, or reclamation of public waters;
4. Extraction of earth and stone: Extraction of earth and stone, such as soil, sand, gravel, and rocks (excluding cases where the purpose is to change the form and quality of land under subparagraph 3);
5. Division and consolidation of land;
6. Piling objects: Piling objects difficult to move for at least 1 month;
7. Cutting down and planting bamboos: Digging up, cutting down, or planting bamboos;
8. Newly cultivating or growing perennial plants.
(2) When the head of a Si/Gun/Gu grants permission to engage in an act under any subparagraph of paragraph (1) and if a project developer is designated pursuant to Article 12 of the Act in the relevant area, he or she shall hear opinions of the project developer in advance.
(3) "Acts prescribed by Presidential Decree" in Article 9(2)2 of the Act means any of the following acts which are not subject to permission for development activities under Article 56 of the National Land Planning and Utilization Act:
1. Change to the form and quality of land for cultivation (limited to cases not accompanied by change of land category);
2. Collection of earth and stone to the extent that does not impede the development of a waterfront and does not harm the natural scenery;
3. Piling up things on the site decided to be left in its original form in the waterfront.
(4) A person who shall file a report in accordance with Article 9(3) of the Act shall file a report in the form prescribed by Decree of the Ministry of Climate, Energy and Environment with the head of the competent Si/Gun/Gu within 30 days from the date on which a waterfront is designated and publicly notified, accompanied by the following documents, etc.: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 10(Cancellation of designation of waterfront) #
(1) Where the designation of a waterfront is canceled in accordance with Article 11(1) of the Act, the Minister of Climate, Energy and Environment shall publicly notify the following matters in the Official Gazette and send relevant documents to the heads of relevant administrative agencies and the heads of Sis/Guns/Gus: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. The name of the waterfront to be canceled;
2. The location and area of the waterfront to be canceled;
3. Whether the special-purpose area under Article 36 of the National Land Planning and Utilization Act is reinstated.
(2) Upon receipt of the relevant documents under paragraph (1), the head of the Si/Gun/Gu shall, without delay, publicly announce the details thereof in the public gazette, website, etc. of the relevant local government, and make them available to general public for perusal for 14 days from the date of public announcement.
Article 11(Entrustment of waterfront development project) #
(1) Pursuant to Article 12(4) of the Act, a project implementer may entrust affairs relating to the purchase of sites, compensation for loss, measures for relocation, and operation of facilities among waterfront development projects to the following persons; provided, a person who falls under subparagraph 5 may entrust only affairs relating to the operation of facilities:
1. The State or a local government;
2. A public institution established under Article 4 of the Act on the Management of Public Institutions;
3. A local corporation established under the Local Public Enterprises Act;
4. A corporation established by a project developer under Article 12(1)2 or 3 of the Act by investing all or part of its capital for the purpose of implementing a waterfront development project;
5. A corporation that operates facilities for culture, tourism, leisure, etc.
(2) Where a project developer entrusts a waterfront development project pursuant to paragraph (1), he or she shall consult with the entrustee on the following matters:
1. Outline of the entrusted project;
2. The period (including the date of commencement and the scheduled date of completion) and progress of the entrusted project;
3. Matters regarding procurement, management, and execution of expenses for the entrusted project;
4. Methods of implementing the entrusted project;
5. Matters regarding risk bearing;
6. Matters regarding the disposal of property following the implementation of the entrusted projects.
(3) Where a project developer intends to partially entrust a waterfront development project in accordance with paragraph (1), he or she shall report the entrustment to the Minister of Climate, Energy and Environment before entrusting the relevant waterfront development project. In such cases, the Minister of Climate, Energy and Environment shall determine the necessity of entrustment, taking into comprehensive consideration the details of the project to be entrusted, the capabilities of the entrustee to perform the project, etc., and shall notify the project developer of the results thereof within 14 days from the date of receipt of the report. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 12(Agent services for waterfront development project) #
(1) A person who intends to provide agent services for part of a waterfront development project in accordance with Article 12(4) of the Act shall submit to the project developer an application for providing waterfront development project agent services in the form prescribed by Decree of the Ministry of Climate, Energy and Environment, stating the following matters: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. The name (in cases of a corporation, the name of the corporation and the name of its representative) and address of the person who intends to provide agent services for the waterfront development project;
2. The name, location, and area of the waterfront for which agent services are to be provided;
3. The outline of a plan to provide agent services for the waterfront development project, including the following matters:
a. The purpose of the project;
b. The type and outline of the project;
c. The period of implementation of the project.
(2) An application for providing agent services for a waterfront development project under paragraph (1) shall be accompanied by the following documents and drawings:
1. The location map;
2. The project plan;
3. The funding plan.
(3) Where a project developer intends to require a person to perform part of a waterfront development project on his or her behalf, he or she shall enter into a contract for agent services for the waterfront development project with such person who is to provide agent services.
(4) The project implementer shall guide and supervise the agent service provider that has entered into the contract pursuant to paragraph (3) to conduct the project in good faith in accordance with the contract.
(5) With respect to agent services, Article 11(3) shall apply mutatis mutandis to reporting of agent services and the Minister of Climate, Energy and Environment's review and notification. In such cases, "entrustment" in Article 11(3) shall be construed as "agent services" and "entrustee" shall be construed as "person who will provide agent services". <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 13(Action plans for waterfront development projects) #
(1) Where a project developer intends to obtain approval of an action plan for a waterfront development project under Article 13(1) of the Act (hereinafter referred to as "action plan"), he or she shall submit an application for action plan approval in the form prescribed by Decree of the Ministry of Climate, Energy and Environment, stating the following matters, to the Minister of Climate, Energy and Environment: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. The purpose of the project;
2. Methods of implementing the project;
3. Current status of land use;
4. Matters referred to in Article 13(4)1 through 3,5 and 7 of the Act.
(2) When an application for action plan approval is submitted pursuant to paragraph (1), the following documents and drawings shall be attached thereto: <Amended on Apr. 10, 2012>
1. The location map;
2. A detailed list of buildings, etc. to be kept in the waterfront;
3. Related documents and drawings necessary for determining an urban or Gun management plan (including a district unit plan).
(3) Where the Minister of Climate, Energy and Environment intends to approve an action plan (including approval for amendment) in accordance with the main clause of Article 13(2) of the Act, he or she shall verify the cadastral map and forestland map through administrative data matching under Article 36(1) of the Electronic Government Act. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(4) "Where a change occurs to any of the minor matters prescribed by Presidential Decree" in the proviso of Article 13(2) of the Act means any of the following cases:
1. Where a change occurs to the address of the project developer;
2. Where the representative of a project developer that is a corporation is replaced;
3. Where an error, etc. in the area of the waterfront is corrected to the extent that the boundary of the waterfront does not change;
4. Where the project is divided without changing the area of the waterfront or the functions of the waterfront development project under subparagraph 3 of article 2 of the Act;
5. Where the area of the waterfront is enlarged or reduced by less than 10/100.
Article 14(Public notice of approval of action plan) #
"Matters prescribed by Presidential Decree" in Article 13(5) of the Act means the following matters: <Amended on Jan. 26, 2021>
1. Name of the project;
2. The name of the project developer (in cases of a corporation, the name of the corporation and the name of its representative, if the project developer is a corporation);
3. The purpose and outline of the project;
4. The location and area of the waterfront;
5. The project period (including the commencement date and the scheduled completion date);
6. Matters referred to in the subparagraphs of Article 25(6) of the Enforcement Decree of the National Land Planning and Utilization Act.
Article 15(Special cases concerning supply of housing) #
"Areas where speculation is likely to arise as prescribed by Presidential Decree" in Article 17(2) of the Act means the following areas: <Amended on Aug. 11, 2016>
1. Areas designated under Article 104-2(1) of the Income Tax Act;
2. High-speculation districts under Article 63 of the Housing Act.
Article 16(Completion inspection) #
(1) Where a project developer intends to undergo an inspection of completion in accordance with Article 20(1) of the Act, he or she shall submit a report on construction completion in the form prescribed by Decree of the Ministry of Climate, Energy and Environment, stating the following matters, to the Minister of Climate, Energy and Environment: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. Name (in cases of a corporation, the name of the corporation and the name of its representative, if the corporation is a corporation) and address of the project developer;
2. Name of the project;
3. Location and area of the waterfront;
4. Project implementation period;
5. Land use plan;
6. Infrastructure installation plan.
(2) A report on construction completion under paragraph (1) shall be accompanied by the following documents and drawings: <Amended on Mar. 23, 2013; Aug. 31, 2016; Jun. 8, 2018; Jan. 21, 2022; Oct. 1, 2025>
1. A report on completion of works (including as-built drawings and specifications and as-built photographs);
2. A cadastral survey result map issued by the head of the Si/Gun/Gu;
3. An application for supply of land, a building, structure, etc. created by a waterfront development project under Article 22 of the Act (hereinafter referred to as "developed land, etc.");
4. Records of reverted public facilities, land, etc. under Article 24 of the Act (including an appraisal report of an appraisal corporation, etc. under the Act on Appraisal and Certified Appraisers on public facilities, land, etc. whose use has been discontinued and a statement of calculation of the construction cost of newly installed public facilities; provided, the same shall not apply where the Minister of Climate, Energy and Environment deems that the cost of installing newly installed public facilities is greater than the appraisal value of public facilities whose use has been discontinued) and drawings and specifications under Article 24 of the Act.
(3) Upon receipt of a report on the completion of construction works in accordance with paragraph (1), the Minister of Climate, Energy and Environment shall determine the completion inspection schedule and notify the head of a State agency or local government who will take over or manage public facilities included in the report on the completion of construction works by no later than 5 days before the date of inspection, and the head of the State agency or local government who intends to participate in the completion inspection shall request participation by no later than the date preceding the date of the completion inspection. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 17(Use of developed land, etc. before completion of construction) #
(1) Where a person who has acquired developed land, etc. by sale in units intends to obtain permission for use before completion of construction in accordance with Article 20 (4) of the Act, he or she shall submit an application prescribed by Decree of the Ministry of Climate, Energy and Environment to the Minister of Climate, Energy and Environment. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
(2) Upon receipt of an application for use before completion of construction in accordance with paragraph (1), the Minister of Climate, Energy and Environment shall grant permission for use before completion of construction, except where he or she deems that the waterfront development project is hindered. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 18(Public announcement of completion of construction works) #
Public announcement of the completion of construction works under Article 21 of the Act shall be made by publishing the following matters in the Official Gazette:
1. Name of the project;
2. Name (in cases of a corporation, the name of the corporation and the name of its representative, if the corporation is a corporation) and address of the project developer;
3. Location and area of the waterfront;
4. Date of completion of inspection;
5. Plan for management and disposal of developed land, etc.
Article 19(Application for approval for supply of developed land) #
(1) Where a project implementer intends to obtain approval from the Minister of Climate, Energy and Environment for the supply of developed land, etc. in accordance with Article 22 of the Act, he or she shall submit an application for approval for supply prescribed by Decree of the Ministry of Climate, Energy and Environment, stating the following matters, to the Minister of Climate, Energy and Environment, accompanied by a subdivision drawing of each plot of developed land, etc. to be supplied: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. Location, area, and purpose of supply of developed land, etc. to be supplied;
2. Qualification requirements and selection methods for persons to be supplied;
3. Time, methods, and conditions of supply;
4. Methods of determining supply price;
5. Methods of public announcement of supply and matters to be publicly announced;
6. Other matters determined and publicly notified by the Minister of Climate, Energy and Environment as necessary.
(2) Upon receipt of an application for approval for supply from a developer in accordance with paragraph (1), the Minister of Climate, Energy and Environment shall determine whether to grant approval and notify the project developer thereof within 30 days from the date of approval. <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
Article 20(Advance payment) #
In order to receive an advance payment pursuant to Article 23 of the Act, a project developer shall obtain approval of an action plan pursuant to Article 13 of the Act.
Article 21(Payment of proceeds from sale of State propety or public property) #
(1) The State or a local government may allow a project developer to pay the proceeds from sale of State property or public property sold to the project developer pursuant to Article 25(4) of the Act in installments within 20 years. In such cases, the interest applicable to the balance of the proceeds from sale shall not exceed 4 percent per annum.
(2) Except as provided for in paragraph (1), the payment of proceeds from sale of State property or public property shall be governed by the State Property Act and the Public Property and Commodity Management Act.
Article 22(Application mutatis mutandis to projects outside waterfronts) #
(1) A project directly related to a waterfront development project under Article 26 of the Act shall be any of the following projects: <Amended on Jan. 17, 2017>
1. Projects for roads, railroads, marinas, waterworks, sewerage, public wastewater treatment facilities, waste treatment facilities, or electricity, broadcasting and communications facilities;
2. Gas or oil supply facility projects;
3. River maintenance projects;
4. Projects to collect earth and stone or to dredge rivers for a waterfront development project.
(2) The provisions of the latter part of Article 4(4) of the Act, Article 9,13 through 21,24,25,27,39,40, and 42 through 44 of the Act shall apply mutatis mutandis where a project developer implements a project under the subparagraphs of paragraph (1) in an area adjacent to a waterfront. In such cases, "waterfront" shall be construed as "area adjacent to the waterfront where a project under the subparagraphs of Article 22(1) is implemented"; and "waterfront development project" as "project directly related to the waterfront development project".
Article 23(Public notice of revocation of designation of project developer) #
Where the Minister of Climate, Energy and Environment publicly notifies the revocation, etc. of designation of a project developer in the Official Gazette in accordance with Article 27(2) of the Act, he or she shall specify the following matters in detail: <Amended on Mar. 23, 2013; Jun. 8, 2018; Oct. 1, 2025>
1. Name of the project;
2. Name and address of the project developer and the name of its representative;
3. Purpose and outline of the project;
4. Project implementation period;
5. Location and area of the waterfront;
6. Grounds for revocation, etc.
Article 24(Optimum gains) #
"Optimum gains prescribed by Presidential Decree" in Article 31(2)4 of the Act means the amount calculated by the following formula:
{a ? [b + c + d]} * 10/100
a. The value of land subject to imposition at the time of completion of imposition with regard to waterfront development gains under Article 31(1) of the Act;
b. An amount under Article 31(2)1 of the Act (the value of land subject to imposition at the time of commencement of imposition);
c. An amount under Article 31(2)2 of the Act (normal increases in land prices during the period of imposition);
d. An amount under Article 31(2)3 of the Act (development costs attendant upon the waterfront development project);
Article 25(Creation of fund) #
"Income prescribed by Presidential Decree" in subparagraph 5 of Article 32 of the Act means funds borrowed at the expense of the River Management Fund under Article 30 of the Act.
Article 26(Use of fund) #
"Matters prescribed by Presidential Decree" in subparagraph 4 of Article 33 of the Act means the following:
1. Expenses for surveys, research, and development for river works and maintenance and repair;
2. Expenditure for the conservation and maintenance of the surrounding areas that need to be systematically managed in connection with rivers.
Article 27(Waterfront Development Committee) #
(1) "Matters prescribed by Presidential Decree" in Article 37(1)6 of the Act means matters that the chairperson of the Waterfront Development Committee (hereinafter referred to as the "Committee") deems necessary and brings to meetings of the Committee.
(2) The members of the Committee shall be comprised of the following persons: <Amended on Mar. 23, 2013; Nov. 19, 2014; Jul. 26, 2017; Jun. 8, 2018; Dec. 28, 2021; Oct. 1, 2025; Dec. 30, 2025>
1. The Vice Minister of the Interior and Safety, the person nominated by the Minister of Culture, Sports and Tourism from among the Vice Ministers of the Ministry of Culture, Sports and Tourism, the person nominated by the Minister of Climate, Energy and Environment from among the Vice Ministers of Climate, Energy and Environment, and the Vice Minister of Planning and Budget;
2. Persons appointed or commissioned by the Minister of Climate, Energy and Environment from among persons falling under the subparagraphs of Article 37(3) of the Act;
3. Persons appointed or commissioned by the Minister of Climate, Energy and Environment from among persons recommended by the heads of relevant central administrative agencies who have extensive professional knowledge and experience in river management, urban planning, environment, etc.
(3) The term of office of a member commissioned pursuant to paragraph (2) shall be 2 years, renewable only once.
(4) The chairperson of the Committee shall convene meetings of the Committee and preside over such meetings.
(5) A majority of the members of the Committee shall constitute a quorum, and any decision thereof shall require the concurring vote of at least a majority of those present.
(6) The chairperson of the Committee may, if requested by a member or if deemed necessary, have interested persons, experts, etc. attend a meeting to speak at the meeting.
(7) Allowances, travel expenses, and other necessary expenses may be paid to interested parties, experts, etc. who attend a meeting of the Committee within the budget; provided, this shall not apply where a member who is a public official attends a meeting of the Committee in direct connection with his or her duties.
(8) Except as provided for in this Decree, matters necessary for the operation of the Committee shall be determined by the chairperson through a decision of the Committee.
Article 28(Exclusion of, challenge to, or recusal by member) #
(1) Where a member of the Committee (hereinafter referred to as "member") falls within any of the following subparagraphs, he or she shall be excluded from deliberation and resolution by the Committee:
1. Where the member or the current or former spouse of the member is a party to the relevant agenda item (where a party is a corporation, an organization, etc., the executive officers thereof shall be included; hereafter in this subparagraph and subparagraph 2, the same shall apply) or is a joint right holder or a joint obligor with a party to the agenda item;
2. The member is or was in a relative of a party to the relevant case;
3. Where a member has given any advice, or conducted any research, service (including any subcontract), appraisal, or examination with respect to the relevant agenda item;
4. Where a member or a corporation or organization where he or she belongs is or was an agent of a party to the relevant agenda item;
5. Where any corporation, etc. where a member holds or held a post as an executive or employee within recent three years has given any advice, or conducted any research, service (including any subcontract), appraisal, or examination with respect to the relevant agenda item.
(2) If any ground exists for which it would be difficult to expect the impartial deliberation and resolution from any member, a party to the relevant agenda item may file a request for challenge against the member with the Committee, and the Committee shall make a determination on such request by resolution. In such cases, no member subject to such request for the challenge shall participate in the resolution.
(3) If a member finds that any of the grounds for exclusion specified under paragraph (1) applies to himself or herself, he or she shall voluntarily abstain from involvement in deliberation and resolution on the relevant agenda item.
[This Article Added on Jul. 4, 2012]
Article 29(Removal and dismissal of member) #
Where a member of the Committee under Article 27(2)2 or 3 falls within any of the following subparagraphs, the Minister of Climate, Energy and Environment may dismiss or decommission the relevant member: <Amended on Jun. 8, 2018; Oct. 1, 2025>
1. Where a member becomes unable to perform his or her duties due to mental or physical disability;
2. Where a member commits any misconduct in connection with his or her duties;
3. Where a member is deemed unfit to serve as a member due to neglect of duty, loss of dignity, or any other reason;
4. Where a member fails to recuse himself or herself despite falling within any of the subparagraphs of Article 28(1);
5. Where a member makes it clear that it is difficult for him or her to perform his or her duties.
[This Article Added on Dec. 31, 2015]