Last update date 12 November 2021
Articles 4 & 5 of the 2020 Industrial Technology Complex Act provide for measures to designate a so-called 'project implementer' who creates and operates an industrial technology complex under the auspices of the Ministry of SMEs and Startups. The measure clarifies that corporations can apply to become such project implementers, and they can appoint executives who have worked or are working in a corporation, university, research institute, etc. and have extensive experience in performing tasks in the fields of technology, management, and administration. The measure also defines various projects which a project implementer can conduct in order to promote regional and technological innovation and enable industrial technology complexes as a regional innovation base.