Electric Power Source Development Promotion Act. Country/Territory Korea, Republic of Document type Legislation Date 2003 (2016) Source FAO, FAOLEX Subject Energy, Land & soil Keyword Business/industry/corporations Energy conservation/energy production Subsidy/incentive Institution Offences/penalties Enforcement/compliance Expropriation Geographical area Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Abstract The purpose of this Act is to ensure the stability of electricity supply and demand and to contribute to the development of the national economy by effectively propelling the electric power resource development business. Article 4 establishes the Executive Committee for Electric Power Resource Development Business in the Ministry of Trade, Industry and Energy in order to deliberate upon important matters concerning electric power resource development business. The text – consisting of 17 articles – provides, amongst other things, for the expropriation of land; purchase request for land; preferential construction of public facilities; subsidization of Funds. Full text English Website www.klri.re.kr