The purpose of this Act is to ensure the stability of electricity supply and demand and to contribute to the development of the national economy by effectively propelling the electric power resource development business. Article 4 establishes the Executive Committee for Electric Power Resource Development Business in the Ministry of Trade, Industry and Energy in order to deliberate upon important matters concerning electric power resource development business. The text – consisting of 17 articles – provides, amongst other things, for the expropriation of land; purchase request for land; preferential construction of public facilities; subsidization of Funds.
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An independent kingdom for much of its long history, Korea was occupied by Japan beginning in 1905 following the Russo-Japanese War. In 1910, Tokyo formally annexed the entire Peninsula. Korea regained its independence following Japan's surrender to the US in 1945. After World War II, a democratic-based government (Republic of Korea, ROK) was set up in the southern half of the Korean Peninsula while a communist-style government was installed in the north (Democratic People's Republic of Korea, DPRK).