Company city is the city that company lead directly development plan and process related to urban construction. It is the self-sufficient complex function city equipped house, education, culture and industrial facilities as well. So, the construction of company city will be able to expect some effects such as the active investment for construction, the creature of job opportunity and the well-balanced development.
「Special Act on development of Company city」 was enacted at the national assembly in 9th December 2004, This Act contains a sort of support systems like that: the endowment of land expropriation to company, the distribution of development benefit redemption and the mitigation of total financing restriction sum, etc.
The construction of company city is at present in controversy with publicness Securement. That is, company demand reliable systematic apparatus to assure a huge amount of capital investment. On the other-hand, non-government organizations, however, insist that it is just to render a preference to great financial conglomerates.
The success of company city basically belongs to make a profit creation. Nonetheless, systematic control tools must be prepared to ensure the publicness in developing company city. Because land expropriation only ought to be permitted in the case of the public need under the constitutional law.
Accordingly, the construction of company city must be common profit. Based on this concept, lawgivers should consider the means and methods that Company city contributes to the national economy and balanced development of region. And then, 「Special Act on development of Company city」 should be expected not to be a temporary law for inducing only company investment but to complement the regulations so as to be self-sufficient city and sustain the company competition continuously.