This Law is enacted for the purpose of providing strict guidelines for the leasing of land to and the use of the leased land by foreign investors and foreign-invested businesses.
Foreign corporate bodies or individuals may lease and use the land (art.2). A lessee shall have the right to use the land leased. Natural resources and deposits in the leased land shall not belong to the holder of the right to use the land (art.3).
Tha Law further makes provisions, inter allia, for: mode of land lease, transfer or mortgage of the right to use land, land rental charge and land use fee, etc.
Foreign corporate bodies or individuals may lease and use the land (art.2). A lessee shall have the right to use the land leased. Natural resources and deposits in the leased land shall not belong to the holder of the right to use the land (art.3).
Tha Law further makes provisions, inter allia, for: mode of land lease, transfer or mortgage of the right to use land, land rental charge and land use fee, etc.
Title:
Land Lease Law.
Country:
Democratic People's Republic of Korea
Type of document:
Legislation
Date of original text:
Date of latest amendment:
Files:
Repealed:
No