Forestry and Mountain Villages Development Promotion Act.

The purpose of this Act is to contribute to enhancing the quality of life for residents in underdeveloped mountain villages and promoting the balanced development of national land and the sound development of the national economy by promoting rights and interests of forest managers, strengthening the competitiveness of forestry and developing the underdeveloped mountain villages through structural improvement of forestry. The text consists of 34 articles.
For the purposes of the structural improvement and promotion of forestry, the State and local governments may provide loans or subsidies for operators of the projects prescribed in Article 4. In such cases, the projects include: 1. Forestry planting or growing; 2. Production of seedlings for forestry; 3. Production, distribution, use, processing or storage of forest products; 4. Development, maintenance or management of forest roads; 5. Support to facilities or equipment to forest managers to help them settle down into mountain villages; etc. The Minister of the Korea Forest Service or the heads of local governments shall formulate and implement policies necessary to increase productivity of the forestry industry, including the improvement of forest ownership structure, and provide necessary support for private forest owners when they seek to exchange or purchase forests to increase their forest holdings.