International law regulating the activities of multinational corporations in the field of investment

The project initiation procedures include various steps such as investment policy approval (IPA), investor approval, investment approval, investor selection, investor recognition, and issuance of the Investment Registration Certificate. This article focuses on analyzing the IPA procedure under the new legal framework, including what constitutes IPA, cases of real estate projects (REPs) subject to IPA, and the legal significance of the IPA procedure, thereby providing some policy implications for the Investment Policy Approval procedure.