Special Act on the Utilization of Waterfronts.

The purpose of the present Act is to prevent ill-conceived development and to promote sustainable growth by creating and using areas in the vicinity of national rivers, and to contribute to the promotion of public welfare by utilizing gains therefrom in the improvement and management of rivers. For the purpose of the present Act the term "waterfront" means an area designated pursuant to article 4, inclusive of an area within two kilometres of both banks from the boundaries of river basin of a national river more than the rate prescribed by Presidential Decree. In particular, article 30 establishes that the Government shall establish the River Management Fund in order to secure funds necessary for river conservation works and river maintenance and repair to secure water and prevent flood, etc. in preparation for climate change.
The text consists of 43 articles divided into 7 chapters as follows: General provisions (I); Designation of waterfronts (II); Waterfront development projects (III); River Management Fund (IV); Waterfront Development Fund (V); Supplementary provisions (VI); Penal provisions (VII).