Assemblyman Kang Minkook introduces the first bill, a revision to the Space Development Promotion Act.

“Jinju, a hub for aerospace industry”,

[Seoul=Newsis] Reporter Go Beom-joon = Kang Min-guk, a member of the National Defense Committee of the People Power Party, is speaking at a full committee meeting held in Yeouido, Seoul on the morning of the 23rd. People Power Party members were absent that day. 2024.04.23. bjko@newsis.com,
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, “[Jinju=Newsis] Reporter Jeong Gyeong-gyu = Kang Min-guk, a member of the People Power Party representing Jinju, Gyeongsangnam-do, submitted a bill on the ‘Amendment of the Space Development Promotion Act’ as the first bill of the 22nd National Assembly to develop Jinju into an aerospace industry cluster.”,
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, “On the 4th, Representative Kang proposed the ‘Amendment of the Space Development Promotion Act’ as the 1st bill of the 22nd National Assembly to foster the aerospace industry as a future growth engine for Jinju and prepared related auxiliary bills (Tax Exemption Law, Local Tax Exemption Law).”,
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, “The ‘Amendment of the Space Development Promotion Act’ proposed as the 1st bill reflects Representative Kang’s determination to create an aerospace industry cluster in Jinju by attracting outstanding talents to the space aviation agency and actively attracting domestic and foreign-related companies to the Gyeongnam Aerospace National Industrial Park, in line with his election pledge.”,
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, “Although the Space Aviation Agency was established in Sacheon on May 27, the current ‘Special Act on the Establishment and Operation of the Space Aviation Agency’ lacks legal grounds for providing substantial support for the establishment of residential conditions surrounding the location of the Space Aviation Agency and support for attracting businesses.”,
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, “Furthermore, the current ‘Space Development Promotion Act’ has been criticized for lacking substantial support as it only provides national and local government support for the necessary expenses within the budget, such as subsidies and loans to research institutions in the occupied area related to the aerospace industry cluster.”,
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, “In response, Representative Kang proposed an ‘Amendment of the Space Development Promotion Act’ and related auxiliary bills to designate an investment and promotion zone for aerospace industry clusters and aerospace industry specialized zones, stipulating legal grounds for tax support (such as national and local tax reductions) for investment promotion zones, as well as the creation of residential conditions, education, medical care, and active attraction of domestic and foreign outstanding companies and talents.”,
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, ‘Representative Kang said, “If the investment promotion zone is designated and the residential conditions are improved in line with the opening of the Space Aviation Agency in Jinju and Sacheon, which account for over 70% of the aerospace industry and aircraft MRO industry (maintenance business), the aerospace industry will undoubtedly take responsibility for Jinju\’s future growth for the next 100 years.”‘,
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, ‘He added, “I will make efforts and seek attention to ensure that the amendment bill proposed in the 22nd National Assembly is passed, and I will discuss with relevant ministries and companies what is needed for Jinju to become the hub of the domestic aerospace industry and do my best in legislative activities.”‘,
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, ‘The co-proposing members of this amendment bill include Park Sung-min, Choi Hyeong-doo, Kim Tae-ho, Seo Il-jun, Park Deok-heum, Kim Do-eup, Lee In-seon, Yun Han-hong, Park Dae-chul, Lee Sang-hwi, Jo Seung-hwan, 11 members in total.’,
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