{"id":2203932,"date":"2024-02-23T08:00:28","date_gmt":"2024-02-22T23:00:28","guid":{"rendered":"https:\/\/koreapro.org\/?p=2203932"},"modified":"2024-02-22T18:35:05","modified_gmt":"2024-02-22T09:35:05","slug":"yoons-plan-to-ease-greenbelt-regulations-promises-jobs-poses-risks","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/02\/yoons-plan-to-ease-greenbelt-regulations-promises-jobs-poses-risks\/","title":{"rendered":"Yoon\u2019s plan to ease greenbelt regulations promises jobs, poses risks"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korean President Yoon Suk-yeol <\/span><a href=\"https:\/\/www.president.go.kr\/president\/speeches\/a2e1QDbG\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> during a policy debate in Ulsan on Wednesday that his administration plans to ease the country\u2019s greenbelt regulations to allow development in conservation areas. He also promised to grant local governments the autonomy to repurpose these areas into strategic industrial zones, marking the first significant policy shift in greenbelt regulations in two decades.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The change is expected to impact over 1,467 square miles (3,800 square kilometers) of protected land across the country, accounting for 4% of South Korea\u2019s land area. With this policy adjustment, areas previously restricted due to factors like high elevation or steep slopes will now be open for development.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s greenbelts, established during the <\/span><a href=\"https:\/\/www.donga.com\/news\/Economy\/article\/all\/20230616\/119807033\/1\"><span style=\"font-weight: 400;\">Park Chung-hee administration<\/span><\/a><span style=\"font-weight: 400;\"> in the early 1970s, were designed to curb urban sprawl and preserve green spaces amid rapid industrialization. Yoon\u2019s decision to ease these regulations reflects an attempt to rejuvenate economic growth by unlocking land for development, particularly in strategic industrial zones. Yoon\u2019s pledge to ease these regulations aligns with his administration\u2019s broader agenda to accommodate the expansion needs of burgeoning industries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yoon\u2019s decision to announce the easing of greenbelt regulations in Ulsan is noteworthy. Yoon had already <\/span><a href=\"https:\/\/www.president.go.kr\/president\/speeches\/QX4fvMZQ\"><span style=\"font-weight: 400;\">expressed<\/span><\/a><span style=\"font-weight: 400;\"> his intention to fast-track the expansion of tax credits for investments in high-tech industry facilities in March 2023 to establish high-tech industrial complexes across the provinces, including the <\/span><a href=\"https:\/\/www.koreaherald.com\/view.php?ud=20230315000598\"><span style=\"font-weight: 400;\">Yeongnam region<\/span><\/a><span style=\"font-weight: 400;\"> that encompasses Ulsan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Yoon will emphasize this initiative\u2019s potential to generate jobs and boost South Korea\u2019s competitiveness in emerging and high-tech industries, critics will likely highlight concerns over environmental harm due to the reduction of green spaces and the financial risks of launching new industrial endeavors in areas that were once off-limits for development.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korean President Yoon Suk-yeol announced during a policy debate in Ulsan on Wednesday that his administration plans to ease the country\u2019s greenbelt regulations to allow development in conservation areas. He also promised to grant local governments the autonomy to repurpose these areas into strategic industrial zones, marking the first significant policy shift in greenbelt [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2203933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27,29],"class_list":["post-2203932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-domestic-politics","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yoon\u2019s plan to ease greenbelt regulations promises jobs, poses risks - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/02\/yoons-plan-to-ease-greenbelt-regulations-promises-jobs-poses-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yoon\u2019s plan to ease greenbelt regulations promises jobs, poses risks - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korean President Yoon Suk-yeol announced during a policy debate in Ulsan on Wednesday that his administration plans to ease the country\u2019s greenbelt regulations to allow development in conservation areas. 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